Service charge for block chain withdrawal
1. What's the dection standard of transaction fee of currency Tiger Trading Platform H2 >
the transaction fee will be dected from your total transaction amount. If BTC assets are acquired after the transaction, BTC transaction fee will be paid; On the contrary, if the digital assets are acquired after the transaction, the transaction fee of digital assets will be paid
for example, if you sell 10eth with 1btc, 0.2% eth handling charge will be dected, and 9.98eth will be obtained
if you buy 1btc with 10eth, you will get 0.998btc by decting 0.2% BTC handling charge
< H2 > 2. When does the currency Tiger Trading Platform pay the service charge for the registered transaction H2 > when other people's placing orders are traded with your placing orders, you will pay the service charge for hanging orders (please note that when other people's limit orders are traded with your limit orders, and the placing time is earlier than you, you will pay the bill fee)
when you place an order with others, you will pay the service charge for the order
< EM > note: the content is from the block sector think tank < / EM >
if you sell 10eth with 1btc, 0.2% eth Commission will be dected, and 9.98eth will be obtained from the sale
if you buy 1btc with 10eth, you will get 0.998btc by decting 0.2% BTC handling charge.
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.
when users initiate a transfer in bitcoin network, they usually need to pay a certain transfer fee to the bookkeeper. The transfer service charge is generally 0.001-0.0015 bitcoins. Due to the limited capacity of the block to hold transaction records, miners will give priority to the transaction with high service charge, so the overpaid service charge can be recorded faster
the existence of bitcoin transaction fees can improve the transfer threshold, effectively prevent the blockchain from being full of junk information, and ensure that the miners still have the motivation to maintain the bitcoin network after bitcoin is g up.
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