Fees News

Cryptocurrency fees can be defined as money (usually in the form of one of the virtual currencies) that is paid as a on top of a transaction. The most common way to charge a fee is by taking a commission, i.e. some percentage from the amount of the transferred money. At the moment, a lot of transactions can be completed without any cryptocurrency fees unless the transaction includes a large amount of data. As miners function as the handler of transactions, they also receive commissions since each new block of the blockchain consists of their operations and, for example, a fee from Bitcoin as well. It is optional to require a commission, but any user that has found a block can include fees by their own choice. In the future, when the rewards for creating a new block will be reduced, miners will get most of their profit directly from the fees.

News
Tokyo-based cryptocurrency exchange bitFlyer launched its commission-free campaign for BTC/USD trading pair to its U.S. customers.
BitFlyer Now Offers US Users 0% Fees When Buying Bitcoin With USD
Helen Partz
2020-01-31T22:36:00+00:00
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News
Adult entertainment website Pornhub has added a new crypto payment option after PayPal had abruptly stopped servicing its models in late 2019.
Pornhub Adds Tether Stablecoin as New Crypto Payment Option
Helen Partz
2020-01-23T11:48:00+00:00
5487
News
Auditing giant EY released a new iteration of its zero-knowledge proof blockchain, intending to cut transaction costs by 90%.
EY Releases New Version of Zero-Knowledge Proof Blockchain to Public Domain
Helen Partz
2019-12-19T13:16:00+00:00
3588
News
Digital payments giant PayPal is suing the Consumer Financial Protection Bureau for making it provide disclosures for fees it does not charge.
PayPal Sues Consumer Protection Agency for ‘Confusing’ Digital Wallet Rules
Helen Partz
2019-12-14T16:51:00+00:00
8562
Sponsored
A crypto wallet says it offers discounted fees to buy crypto with credit cards, making it easier for users to purchase and withdraw digital currencies.
Crypto Wallet Unveils New Features and Plans for Black Friday Discount
Connor Blenkinsop
2019-11-28T08:26:00+00:00
1650
News
ShapeShift cryptocurrency exchange has launched new tokens that enable holders to trade on the exchange with no fees.
ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme
Helen Partz
2019-11-20T18:38:00+00:00
2802
News
The combined value of block rewards and transaction fees has likely already passed $15 billion, according to recent data.
Bitcoin Thermocap Approaches $15B as Miners Hit $1B in Fee Revenue
William Suberg
2019-10-31T07:12:00+00:00
2970
News
An SEC document reveals that major cryptocurrency exchange Binance received a $250,000 “long-term payment” to list Blockstack.
Binance Lists Blockstack for $250,000 ‘Long-Term Payment’
Adrian Zmudzinski
2019-10-28T17:44:00+00:00
5984

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