Bitcoin transaction fees

First: to perform transactions in the Bitcoin network, each user can enter the desired fee and there is no obligation from the system. But due to the limited capacity of bitcoin blocks, if the fee is less than a certain limit, your transaction will either be approved too late or returned to the wallet after a few days without approval.

Second: Miners in the Bitcoin network, in addition to block rewards, also receive commissions, and due to the limited capacity of bitcoin blocks, transactions remain in the approval queue, and miners initially approve transactions with higher fees. they do .

Third, when the bitcoin network is crowded, the average fee for confirming transactions increases because people pay more to confirm their transaction faster than others.
Also, in order to prevent useless transactions from invading the network, the fee must be higher than zero.

Fourth: People think that transaction fees are based on the amount of the transaction; But this is not the case and the fee is based on the size of the transaction and in bytes.
Be sure to pay attention to this issue !!!!

Fifth: Virtual wallets automatically and automatically calculate the appropriate fee for transactions and before the transaction show the person how much is the fee ...

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