Why do bitcoin wallets charge transaction fees
Publish: 2021-05-20 13:50:48
1. Their RMB spot trading is free, and there is no handling charge.
2. 1. The smallest bitcoin unit is 1 Cong, or 0.00000001btc
2. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
3. Unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million.
2. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
3. Unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million.
3. The transaction cost of bitcoin is generally between 0.0001-0.0005btc. Of course, the amount accepted by each miner and miner's Association is different. Sometimes, a large amount of bitcoin transaction does not need a service charge, such as more than 100btc. Small transactions below 0.01btc will be charged a certain amount of fees. Of course, some bitcoin clients can set bitcoin transaction fee. If you set the transaction fee very low, the transaction confirmation time will be very long
first of all, we should understand that this service charge is given to miners to encourage them to continue mining and provide enough computing power for bitcoin, so as to ensure the security of bitcoin network. At present, the main income of miners is to get BTC reward by creating new blocks, but the reward is halved every four years. As time goes on, bitcoin transaction fee will graally replace bitcoin reward
under what circumstances should the handling charge be paid? What's the amount
bitcoin system has a series of network rules, including the handling charge rules, which are "what the client should do". When you use bitcoin client (wallet, bitcoin QT) to send bitcoin, the whole process is roughly divided into the following steps:
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 in your wallet until you spend it
if you withdraw 3btc and 2btc twice in okcoin bitcoin, their records in your wallet are independent, that is, a 3btc and a 2btc, instead of merging them into 5btc (the wallet only records transaction details, but does not merge the balance, but you can see the total balance on the interface of the wallet), As time goes on, you will accumulate a lot of bitcoin in your wallet. It is conceivable that there should be thousands of such records in okcoin bitcoin wallet. So when you send bitcoin, the wallet must decide which of the above records are 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. Prevent a large number of micro payments from impacting the network
if you recharge the okcoin bitcoin trading platform less than 0.01btc (including the fund changes inside your wallet), you must pay a handling charge of 0.0001. When preparing your payment amount, the wallet has an established rule, 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 recharge 5.005btc to okcoin bitcoin, 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 of the currency, 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. This is why you need to add a 0.0001 when you withdraw with okcoin bitcoin, because the bitcoin transfer in okcoin wallet is frequent, and the time of bitcoin in the block is relatively short, so you need to pay a handling charge. If you do have a large number of small inputs, such as small miners, and want to transfer them out for free, you can add a large amount of bitcoin with a large currency age, and the average priority will be increased, so that bitcoin can be transferred out for free
4. Charge per kilobyte
at the end of the transfer, the client calculates the size of the transfer (in bytes), which 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 you need to pay the handling charge. The cost per 1000 bytes is 0.0001btc by default, but you can also add it in the client by opening 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. When this rule applies, it will replace the rule in step 2 instead of accumulating.
first of all, we should understand that this service charge is given to miners to encourage them to continue mining and provide enough computing power for bitcoin, so as to ensure the security of bitcoin network. At present, the main income of miners is to get BTC reward by creating new blocks, but the reward is halved every four years. As time goes on, bitcoin transaction fee will graally replace bitcoin reward
under what circumstances should the handling charge be paid? What's the amount
bitcoin system has a series of network rules, including the handling charge rules, which are "what the client should do". When you use bitcoin client (wallet, bitcoin QT) to send bitcoin, the whole process is roughly divided into the following steps:
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 in your wallet until you spend it
if you withdraw 3btc and 2btc twice in okcoin bitcoin, their records in your wallet are independent, that is, a 3btc and a 2btc, instead of merging them into 5btc (the wallet only records transaction details, but does not merge the balance, but you can see the total balance on the interface of the wallet), As time goes on, you will accumulate a lot of bitcoin in your wallet. It is conceivable that there should be thousands of such records in okcoin bitcoin wallet. So when you send bitcoin, the wallet must decide which of the above records are 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. Prevent a large number of micro payments from impacting the network
if you recharge the okcoin bitcoin trading platform less than 0.01btc (including the fund changes inside your wallet), you must pay a handling charge of 0.0001. When preparing your payment amount, the wallet has an established rule, 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 recharge 5.005btc to okcoin bitcoin, 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 of the currency, 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. This is why you need to add a 0.0001 when you withdraw with okcoin bitcoin, because the bitcoin transfer in okcoin wallet is frequent, and the time of bitcoin in the block is relatively short, so you need to pay a handling charge. If you do have a large number of small inputs, such as small miners, and want to transfer them out for free, you can add a large amount of bitcoin with a large currency age, and the average priority will be increased, so that bitcoin can be transferred out for free
4. Charge per kilobyte
at the end of the transfer, the client calculates the size of the transfer (in bytes), which 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 you need to pay the handling charge. The cost per 1000 bytes is 0.0001btc by default, but you can also add it in the client by opening 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. When this rule applies, it will replace the rule in step 2 instead of accumulating.
4. Most of this is e to the low handling charge you pay. Because bitcoin network will give priority to the transaction with higher service charge. If a transaction is not confirmed for a long time, it may be returned to the issuer. But it's very unlikely. You
5. For example, there is no service charge for bitcoin transactions on the platform of fire coin. Generally, there are leverage service charge and withdrawal service charge on the platform.
6. It is often said that you can send bitcoin to any corner of the earth for free. Generally, you can transfer bitcoin for free, but in some cases, you have to pay transaction fees to complete the transfer. In version 0.8.3 bitcoin wallet, the default is 0.0001 bitcoin transfer fees. This service charge is awarded to miners to encourage them to continue mining and provide enough computing power for bitcoin to ensure the security of bitcoin network. At present, the main income of miners is to get 25btc reward by creating new blocks, but this reward is halved every four years. As time goes on, bitcoin transaction fee reward will graally replace the reward for creating new blocks. Under what circumstances do you need to pay the handling charge? How much does bitcoin charge? What is the handling charge? Bitcoin system has a series of network rules, including fee rules, which are "what the client should do". When you use bitcoin client (wallet, bitcoin QT) to send bitcoin, the whole process is roughly divided into the following steps:
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.
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.
7. A $5 bitcoin transaction may have the same handling charge as a $5000 bitcoin transaction. Fees are not measured in dollars, not even in the number of bitcoins
in the beginning, many domestic platforms didn't charge service charges, but graally many platforms began to charge service charges, such as the well-known fire coin network. But there are still no fees, such as easybtc
in the beginning, many domestic platforms didn't charge service charges, but graally many platforms began to charge service charges, such as the well-known fire coin network. But there are still no fees, such as easybtc
8. I'm a member of the circle. Just don't believe me. No one knows what will happen in the end. Now we're ready to quit. Brainwashed to be rich, please continue. The routine is deep.
9. China's financial market itself is a financial system that has not developed for a long time. If our country does not reform and manage well in the overall development, then China's financial market will be more chaotic. The situation of China's stock market and futures market has graally improved, and the investment environment has changed. Of course, as a financial planner, I still suggest that you do not enter the stock market for about three years. After all, the next three years will be economic transformation, with great risks
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.
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.
10. It's possible. It's a good organization. What I know is the chain community.
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