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What are the fees involved when instantly buying and sending bitcoin?

avatarScaryGorilla12Dec 27, 2021 · 3 years ago1 answers

Can you explain the fees associated with buying and sending bitcoin instantly?

What are the fees involved when instantly buying and sending bitcoin?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to buying and sending bitcoin instantly, fees are a part of the process. The fees can vary depending on the exchange or platform you use. Some exchanges charge a flat fee per transaction, while others charge a percentage of the transaction amount. It's crucial to be aware of these fees before making a purchase. Moreover, when sending bitcoin, there are network fees to consider. These fees are paid to miners who verify and process transactions on the blockchain. The network fees can fluctuate depending on the network congestion and transaction priority. It's recommended to check the current network fees and adjust your transaction accordingly for a smooth experience.