Can you explain the process of using a bitcoin dispenser and how it affects transaction fees? 🧐
Sandeep SalariaDec 27, 2021 · 3 years ago1 answers
Could you please provide a detailed explanation of the process of using a bitcoin dispenser and how it impacts transaction fees? I'm curious to understand how this technology works and its implications on the cost of transactions.
1 answers
- Dec 27, 2021 · 3 years agoCertainly! Using a bitcoin dispenser is a convenient way to buy bitcoin with cash. The process typically involves finding a dispenser, creating a wallet, and completing the transaction. The dispenser may charge a fee for its services, which can vary. However, it's important to note that the transaction fees associated with the bitcoin network itself are separate from the dispenser's fees. These network fees are determined by factors like network congestion and the size of the transaction. So, while using a dispenser may involve additional fees, it doesn't directly affect the transaction fees on the bitcoin network.
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