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+1 vote
ago in Deepweb Markets by

bought 0.18 BTC ($14,290) wallet from bitcoin market for 0.007 BTC ($550)

Received 0.17789524 ($14,123)

$167 less, is it lost in bitcoin fees? or what? sorry i am new to bitcoin and cryptocurrency

bitcoin privatekey

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2 Answers

ago by
most likely in bitcoin fees. here to explain it better

A Bitcoin transaction fee is a small amount of Bitcoin that you pay to have your transaction processed by the network. This fee goes to Bitcoin miners, who are the people or computers that help validate and add transactions to the blockchain.

### Why There’s a Fee:
- **Security and Incentive**: The fee rewards miners for using their computing power to keep the network secure and prevent fraud.
- **Processing Speed**: Paying a higher fee can speed up your transaction, as miners tend to prioritize transactions with higher fees.

### How It Works:
When you send Bitcoin, you choose a fee (or let your wallet set it automatically). Miners add transactions with higher fees to the next block first. If there’s a lot of activity on the network, higher fees may be needed to get processed quickly.

### In Summary:
- **Transaction Fee = Small Payment to Miners for Processing**.
- **Higher Fee = Faster Transaction Processing**.
 
These fees vary based on network demand and are usually just a small fraction of the transaction amount.
ago by

you made $13,000 profit thats 1000% profit.

and you are crying about $167

what a cheapo.

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