Calculating Bitcoin transaction fees is an overwhelming process, but we have a solution for you! Read and discover how to calculate Bitcoin transactions fast!
A lot of people think of the calculating transaction fees process like rolling a cigarette or riding a bike – you know how to do it, but the complex process annoys you. The User Experience improvements and positive changes over the last couple of years have made Bitcoin and other cryptocurrencies easier than ever to send and receive, however, calculating the fees is still a process that everyone prefers to avoid.
In this article, we will discuss how to calculate Bitcoin transaction fees and how to enjoy while doing it.
In life, nothing comes for free. If you want to send or trade Bitcoins, you have to pay for it. You have to pay for the miners whose machines secure the whole network and ensure that hundreds and hundreds of transactions are successfully completed every day.
Before, when one Bitcoin cost $10 or $100, no one really cared about the fees as they were so small that were unimportant. This is one of the reasons why websites like Satoshi Dice were able to flourish, allowing Bitcoiners to send scores of their transactions over the Blockchain with insufficient regard for fees.