Does bitcoin trade all need service charge
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.
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
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
they are measured by "satoshis". Satoshis is the smallest unit of bitcoin: 100000000 satoshis = 1btc
instead of paying for every bit of bitcoin you send, you are actually paying for the space your transaction occupies in the block. The average transaction size is 226 bytes, so the time to confirm the transaction depends on the cost of the transaction
The service charge of okex bitcoin exchange is the lowest in the world, ranging from 0.15% to 0.02%, and there is no charge for platform currency okb
in bybit, for each successful order, bybit platform will automatically decide to charge or provide rewards according to the order attributes. For "market makers" in the market, the system will give 0.025% reward based on the contract value for each successful price limit order
for the "price receiver" in the market, the system will charge 0.075% of the contract value based on the contract value for each successful market order. A $5 bitcoin transaction may have the same handling charge as a $5000 bitcoin transaction
they are measured by satoshis
first, if you go to the bitcoin exchange to buy bitcoin, you need to register the account number of the exchange, and there is no charge.
Second, there is no charge for the internal trading of the exchange and the trading of bitcoin in domestic exchanges. (0.4% for cash withdrawal and 0.0005 for bitcoin withdrawal) there is a charge for foreign exchanges
thirdly, if you generate bitcoin address by yourself, you do not need to register, authenticate or pay. At this time, there is no charge for receiving the currency, and the charge for issuing the currency is 0.0001 to 0.0005 currency each time.
