The mobile application cashapp specifically says I can send bitcoin to any address anywhere in the world for free.

Coinbase also says they can do off the network transactions instantly and for free as long as both parties have a coinbase address...how does this work ? Does a miner check these transactions ?

Where does the concept of average transaction fee come into place ? https://ycharts.com/indicators/bitcoin_average_transaction_fee


These transactions don't go through the bitcoin network, it’s just coinbase/cash app crediting one users account and debiting another.

  • So I'm assuming coinbase and cashapp have something like a bitcoin core main node, with child nodes and they can issue addresses.... credit and debit how ever they want ? – Jay Jan 16 at 1:13
  • They just need to update their local database which is used to show balance in app/website for a user account. There are no bitcoin transactions involved in it. – Prayank Jan 16 at 1:27

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