Transaction cost of bitcoin in China
generally, an ordinary bitcoin transaction is composed of one input and two outputs, with the size of about 200 bytes. The default charge is 0.0001btc for every 1000 bytes, and the ordinary bitcoin transfer fee is about 0.001-0.002btc
however, e to the limited capacity of the block to hold transaction records, miners generally give priority to the transaction with higher handling charges. Therefore, when the transaction needs urgent confirmation, it is recommended to select custom charges. I also saw these in Yingfu College of Finance and economics.
1. Prepare the bitcoin you want to send. The client is responsible for collecting the balance of bitcoin in your wallet (bitcoin QT) to prepare for payment, because every bitcoin you receive is stored in your wallet until you spend it. If you receive two payments from 3btc and 2btc, their records in the wallet are independent of each other, that is, a 3btc and a 2btc, rather than merging them into 5btc (the wallet only records transaction details and does not merge the balance, but you can see the total balance on the interface of the wallet). As time goes on, many bitcoins of different amounts will accumulate in your wallet, So when you send bitcoin, the wallet has to decide which bitcoin is the most suitable for this sending. The bitcoin you get in a transaction is called "inputs" and the bitcoin you spend is called "outputs". There are multiple inputs and outputs in your wallet
2. If your outputs are less than 0.01btc (including the fund changes inside your wallet), you have to pay a handling charge of 0.0001, even if you transfer it to yourself. The wallet has an established rule when preparing your payment amount, that is, when preparing the payment amount in many inputs, try to avoid the amount change less than 0.01btc (for example, if you want to pay 5.005btc, the wallet should choose 3 + 2.005 or 1 + 1 + 3.005 instead of 5 + 0.005)
3. The larger the amount, the higher the age, and the higher the priority. If the amount you send is too small or your bitcoin has just been mined, then your transfer is no longer free. Each transaction will be assigned a priority, which is determined by the degree of currency, the number of bytes and the number of transactions. Specifically, for each input, the client will first multiply the number of bitcoins by the time they exist in the block (currency age, age), and then divide all the procts by the size of the transaction (in bytes). The calculation formula is: priority = sum (input)_ value_ in_ base_ units * input_ age)/size_ in_ If the calculation result is less than 0.576, then the transaction must pay the handling fee. If you do have a large amount of small input and want to transfer it out for free, you can add a large amount of bitcoin with a large age, which will increase the average priority, so that you can transfer out bitcoin for free
4. Charge per kilobyte. At the end of the transfer, the client will detect the size of the transfer (in bytes). The size generally depends on the amount of input and output. The calculation formula is as follows: 148 * input amount + 34 * output amount + 10. If the size of the transfer exceeds 10000 bytes, but the priority meets the free standard, you can still enjoy the free transfer, Otherwise, there will be a handling charge. The cost of 1000 bytes is 0.0001btc by default, but you can also add it in the client. Open the tab "settings & gt; Options & gt; The main purpose is to adjust the handling charge. If the service charge you are setting is less than 0.0001, BTC is calculated as 0.0001.
the stock market and futures market are part of the normal financial market. However, I am very puzzled that there is a market for bitcoin in China now. This kind of bitcoin is obviously a scam, and it has harmed countless people. It should have been banned for a long time. However, there is a news recently that bitcoin has to charge the so-called service fee, which is really incomprehensible, Does the state allow certain scams to continue
we need to point out that bitcoin trading in China started very late and has long passed the good time of bitcoin. Now most countries in the world prohibit the bitcoin market, and many developed countries have special documents, because bitcoin is fraulent to a certain extent, and it attracts people through a virtual thing, It is very easy to cause losses to the people, and the state should have resolutely stopped it for a long time
the three major bitcoin trading platforms in China are themselves irregular platforms. For the country, it is the most important thing to protect the vital interests of the people. Now the so-called bitcoin platform has to start charging transaction service fees, which is even more inconceivable. Why can such irregular things show off in China, It shows that our country's supervision is not enough, and we need to continue to strengthen it
it is suggested that the national government should ban such illegal transactions as soon as possible, so as not to mislead the people and suffer losses in these deceptions. Bitcoin was invented by the Japanese, but even Japan seems not to allow bitcoin trading, so China should respond quickly, eliminate these irregular markets directly, and create a harmonious financial investment market for the common people. This is the most important thing.
Bitcoin China said that after the withdrawal was closed at 12:00 noon on October 30, the platform may stop the online withdrawal service. According to the anti money laundering law and other relevant laws and the risk control management requirements of our company, users need to complete video authentication when withdrawing money, and may need to provide more information. Please understand and actively cooperate
previously, bitcoin China claimed to implement the spirit of the announcement on preventing the financing risk of RMB issuing issued by the people's Bank of China and other seven ministries and commissions on September 4, and actively respond to the national supervision. Bitcoin China has closed the digital assets and RMB recharge function at 12:00 noon on September 27, Beijing time, and stopped all trading business at 12:00 noon on September 30