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Not all of it goes to miners, unless it's a send/receive between individuals. If you want to do any trade with the currency, you have to put it on an exchange,
by fizixer 9y ago
Not all of it goes to miners, unless it's a send/receive between individuals.
If you want to do any trade with the currency, you have to put it on an exchange, and everytime you put it on (deposit) or take it off (withdraw) the exchange, fees are charged (vary from exchange to exchange, and from currency to currency).
- AgentME 9y agoYeah but those aren't bitcoin transaction fees, those are just the fees for using a service that the service decides to charge. And you only need to deal with an exchange to exchange different types of currencies for each other. If you just want to pay someone with bitcoin, you already have bitcoin, and the recipient just wants bitcoin, then you don't need to involve an exchange.