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Bitcoin has transaction fees. From my reading of the link below, on a $0.05 transaction as suggested in your screenshot, you'd be paying at least a roughly $0.0
by kentonv 11y ago
Bitcoin has transaction fees. From my reading of the link below, on a $0.05 transaction as suggested in your screenshot, you'd be paying at least a roughly $0.04 transaction fee (0.1mBTC). Admittedly, it's not as bad as the $0.20 base fee that credit cards would charge but a 44% fee still seems prohibitive to me.
https://en.bitcoin.it/wiki/Transaction_fees https://en.bitcoin.it/wiki/Transaction_fees
- thescriptkiddie 11y agoMost wallets these days implement micropayment channels, which eliminate the need to pay transaction fees on microtransactions. But even without micropayment channels, bitcoin transactions are cheaper than you think, because most of the time a transaction fee is not required at all.