Why do we always have to pay fee?

[sana54210]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

There is always network fee on every transaction that you make and the amount being deducted depends on the coin network you are on. I guess you are talking off Bitcoin network fee here, and this is what it has been like from the beginning, but you probably noticed this one because you paid high during network surge and that is when bitcoin fee is usually high, but on a normal day when the network fee is not high, you may have not probably feel it that much.

So, it is not called stealing, it is called service charge, if you are not comfortable with it, we have so many altcoins that you can use for your transactions also tat charges low fee, I also learnt that we have some altcoins that have zero fee, I have not used any of them though and I don’t know how true and how reliable that those coins are.

[Hans Groober]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

This is normal. If this is a problem for you, then you need to first study the theory of how blockchain and transactions work in cryptocurrency networks.

[gunhell16]

Just like the local commodities we are buying in our daily life, there is always a tax on a product.
In cryptocurrency transactions fees are required to maintain the speed and transactions good.
How can an exchange continue the transactions if they will make it free?
This is just a minimal cost only for the better community.

[Jakral]

When transferring coins, you pay a fee to miners. Every time while a miner trying to find a block he wants to take the reward. The reward includes your fee and a few from other people. Exchanges take a fee coz it is beneficial for them. I can’t even imagine how much top exchanges earn on commission fees per day.

[gunhell16]

anyone can tell me which exchange don't collect fees for any transaction?
all i know is some exchange have their token and by using it you will pay half of the fee.
Does any exchange exist now for free fees? thanks in advance!

[shoreno]

anyone can tell me which exchange don't collect fees for any transaction?

i think there are because there are also wallets that dont have fees when sending on the user that is using a simillar wallet as you  . they can earn thru ads and they are using those funds to shoulder their costumers fees  .

all i know is some exchange have their token and by using it you will pay half of the fee.

your right . thats the popular feature that an exchange have thesedays   . some of them are kuckoin and binance , also nexybit  . having thier token can give you discounts  .

the reason why need to pay is because miners are also doing thier job to process our transaction  , simillar to employees that are working for money .

[forexandcryptoauditor]

If someone is providing you any service, they have to charge you for that to get some(?) profit out of it.
However I have observed that buying crypto with credit card is too much costly.

[Bonwin]

Normally, there is no transaction without fee attached to it. Although, there are certain exchanges that only charge on withdrawal and exclude trading fee. While some have reduced fee upon trading and withdrawal. No fee should be charged on deposit.

[upyem2k]

The payment is more or less like the bank charges which you pay when using banking services or the fees you pay for forex trading. The charges you pay when trading on exchange is jot hidden. It is stated in the exchanges terms and conditions. We're just too lazy to read them.

[Miklight88]

So you expect where you funds are kept to be free so your funds can be stolen by those hacker, I see the the fee as necessary thing that need to be collected because the service render will be optimized and security need to be in place for your funds to be save and you are here saying if they are scamming you , they are not running charity organization.

[rez303]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

That is the transaction fee. If you don't have an exchange, you won't be able to sell your coin. Therefore, it is a service fee and you should be familiar with it.

[maxreish]

We have to understand the flow of transaction fees. Exchange's income rely also on the fees alone and with the convertion fees, too. You have to accept the fact that in every transaction, there is a miner's fee and we have to pay for that. If you are still confused, i think this link explains it all.

[danherbias07]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

At this time is there still a free by now?
We pay water, we pay for electricity. Hell, even the road is being paid by us thru taxes.
There is nothing free anymore but just air which someday we might be paying for also.

.25% is just a small amount compare to what I have been using even before up until now. 1% - 2% for every transaction and another addition of $.50 for withdrawal fees in an ATM.

[guoyu78]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

Lol, I laughed so hard when I saw this post. I don't see any reason why they shouldn’t charge you for carrying out transactions on their platform, this is normal to any platform providing a service to the human race, it is not possible to maintain this platforms without funds and I don't think these companies are charity organization.

If the blockchain can charge you fees for making transactions from one wallet to another, how much more this companies that are running a centralized system built around the blockchain also charge for the services been offered to the crypto community, so I think we should also give them our maximum support.

[jerrison]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

Firstly, you have to understand that people come with innovations to help the globe but in echange they have to make money as a sign of their compensation to the solutions profered. they also incure expenses when ensuring that they keep up with the standard operating proceedure of the solutions they profer. In projects like changelly, you have to note that changelly is just an echange and not a lockchain like EOS that has Feeless charges and therefore they have to pay up for fees that are incured while exchanging the tokens or coins from your wallet. its just a few blockchain that actually offer feeless transactions and its very rare to have such. in conclusion, you are not a victim of theft but they are doing their due diligence.

[Jpti]

It is natural to pay for using service. Crypto exchanges are there to offer us services. They have given us the platform to trade coins. So for their service, they take certain amount of charge. But the matter to take into account is that why all exchanges charge the same amount? So it is necessary to fix the same amount of charge.

[FLHippy]

Do you know something that is completely free? Exchanges have too many employees, pay rent and so on. From where they should take the money for these costs?

[zuziekatee]

How do you expect your transactions to be processed and completed ? It’s the fees you pay that are used to process it to make it faster. Without the fee , your transaction won’t be processed on the blockchain network !

[aggress0r]

0.25% is not a big deal they provide you a platform for trading and to make money and to keep the exchange safe and run the operation they need the money so they are not steeling anything from you you are paying them just to use their service

I'm on that too. I would pay an honest transaction fee in exchange for a great rate of security, absence of wash trading and an ability to withdraw and manage assets any time I want.

[Denreal]

Exchanges need the charges or funds from those fees for some developments. For instance, some exchanges use the fees to pay dividends to those who stake their assets on those exchanges. Some also use the funds from the fees to maintain the exchange site and to pay their staff. Except for some exchanges that have other alternatives or other means of funding.
If you feel you are being charged at exorbitant rate, which of course is the custom of some exchanges, you cab trade of exchanges that demand less. Although, if you are an investor or into bounty, you might have no choice than to trade on exchanges where the coins are listed, except you want to wait for listing on the exchange of your choice. Traders can still decide not to trade on certain exchanges, only if they feel they have the fund.