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Transaction fees are paid to miners by the sender of a transaction. This money rewards miners for the work they do in putting transactions into a specific order and adding them to new blocks to be added to the list of transactions known as the blockchain.

0 votes

How can some exchanges/services afford to pay for customers transaction fees?

Coinbase charges a 1% fee every time someone uses them to buy and sell bitcoins. This adds up to a large profit. They use some of this profit to pay the transaction fees for their customers and stil …
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1 vote

Bitcoin transaction with 0.0001 BTC fee not getting confirmed?

There is a time limit for transmission by most clients. I think Bitcoin-qt used 3 days. After that you can spend it again
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0 votes

Techniques or proposais to require transactions to be included in a block?

I disagree with your premise "This would slow down the rate a block would be included in the chain". Every other miner or pool has just as much a shot at discovering a block as the evil one. Unless …
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4 votes
Accepted

the only iPhone wallet app offers NO WAY to include a transaction fee?

I looked again at the web inteface and found this: Account Settings - Continue - (password if promted) - General - Default Fee Policy - Generous I'm not sure if this is something new or if I just mi …
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6 votes
3 answers
3k views

the only iPhone wallet app offers NO WAY to include a transaction fee?

I recently sent some bitcoin to a friend using the blockchain.info iPhone app and it sent it with 0 transaction fees. As a result it caused an awkward situation as my friend was watching block after …
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