The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

With the increase in the number of Bitcoin transactions, long Bitcoin transaction time has also become a problem. Bitcoin transaction time and Bitcoin handling fees are inseparable. The level of fees when conducting Bitcoin transactions will affect it to a certain extent. Regarding transaction speed and handling fees, investors will not only compare the transaction fees charged by exchanges, but also always pay attention to where the handling fees of the Bitcoins they paid go. Generally speaking, this handling fee will be given to exchanges and miners. The miners process Bitcoin transactions based on the level of the handling fee. Let me briefly explain to everyone who the Bitcoin handling fee is paid to? Some people may not understand this issue, so the editor of the currency circle will explain it in detail below.

## Where do all the Bitcoin handling fees go?

Bitcoin handling fees are partly given to exchanges and partly given to miners, but they are mainly obtained by miners. In addition to transaction fees, miners receive a fixed amount of new Bitcoins called a mining reward, which is set by the Bitcoin protocol and distributed to miners when each new block is generated. It is an intrinsic property of Bitcoin that mining rewards are halved over time to limit the total supply of Bitcoin.

Due to the limited capacity of the Bitcoin network, transaction fees may rise when the network is congested because users are willing to pay higher fees to ensure that their transactions are processed by miners quickly. In this case, miners have an incentive to choose those who pay Transactions with higher fees.

One of the design goals of Bitcoin is decentralization, and miner rewards and transaction fees provide an incentive mechanism for many independent miners to participate in the Bitcoin network, which helps ensure that no single entity can control the verification and verification of Bitcoin. issued.

## Who is the Bitcoin fee paid to?

Bitcoin fees are paid to miners as an incentive for them to verify and package users’ transactions and add new blocks to the Bitcoin blockchain. Handling fees are fees that users voluntarily pay so that their transactions can be prioritized by miners.

Specifically, when users initiate a Bitcoin transaction, they can choose the transaction fee to be paid to miners. This fee is attached to the transaction, and users can set the amount of the fee by themselves, usually in units of per byte. The level of handling fees usually depends on what users are willing to pay as well as the demand and level of handling fees offered by other users in the market.

Miners choose to include transactions with higher fees and in this way prioritize those transactions that are willing to pay more fees. This way, users can influence how quickly their transactions are confirmed by setting appropriate fee levels.

All of the above is the answer to the two questions of where the Bitcoin handling fees go and who the Bitcoin handling fees are paid to. The payment of Bitcoin handling fees to miners is part of the Bitcoin network. This incentive mechanism It ensures the decentralization, security and smooth operation of the network. This is also one of the main economic motivations for miners to participate in Bitcoin mining and network verification. In addition, Bitcoin’s handling fees directly reflect the market’s demand for quick confirmation of transactions and the miners’ These fees and mining rewards together constitute the total income of miners, encouraging them to continue to provide computing power to the network.