What are the fees associated with Bitcoin transactions through Swish?
Gissel BrinkDec 25, 2021 · 3 years ago3 answers
Can you please provide a detailed explanation of the fees associated with Bitcoin transactions through Swish? I would like to know how much it costs to send and receive Bitcoin using Swish as the payment method.
3 answers
- Dec 25, 2021 · 3 years agoWhen it comes to Bitcoin transactions through Swish, the fees can vary depending on several factors. Generally, Swish itself does not charge any specific fees for Bitcoin transactions. However, you may still incur fees associated with the Bitcoin network. These fees are determined by the current network congestion and the size of your transaction in bytes. The larger the transaction size and the higher the network congestion, the higher the fees. It's important to note that these fees are not set by Swish but are part of the Bitcoin network's protocol. To get an accurate estimate of the fees, you can check the current Bitcoin network fees on popular blockchain explorers or wallets.
- Dec 25, 2021 · 3 years agoAh, the fees associated with Bitcoin transactions through Swish. It's a topic that often confuses people. Here's the deal: Swish itself doesn't charge any fees for Bitcoin transactions. However, you might still have to pay network fees. These fees are determined by the Bitcoin network and can vary depending on the current congestion and the size of your transaction. The more congested the network and the larger your transaction, the higher the fees. So, it's always a good idea to check the current network fees before making a transaction. You can find this information on various blockchain explorers or wallets. Keep in mind that Swish has no control over these fees, as they are part of the Bitcoin protocol.
- Dec 25, 2021 · 3 years agoWhen it comes to Bitcoin transactions through Swish, you won't be charged any additional fees by Swish itself. However, it's important to note that there are still fees associated with the Bitcoin network. These fees are determined by the network's congestion and the size of your transaction. The more congested the network and the larger your transaction, the higher the fees. To get an accurate estimate of the fees, you can check popular blockchain explorers or wallets. They usually provide real-time information on the current network fees. Keep in mind that these fees are not set by Swish but are part of the Bitcoin network's protocol. So, make sure to factor in these fees when planning your Bitcoin transactions through Swish.
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