BTC (Bitcoin): Payment and Fees

Bitcoin network makes it feasible to transfer money anywhere in minute’s time across the bitcoin network with no or less transaction fees. Bitcoin payment can be accepted for any store. The customer can be said to send or transfer the bitcoin to the digital wallet of the service provider as an effect of any sale.

The largest trading exchanges are Bitfinex, Bitstamp, Kraken, Huobi, OKCoin and BTCC. Coinbase, Circle, Xapo and Coinjar are various wallet and exchange service providers. There are ‘face-to-face’ or ‘over the counter’ trades also help the users to arrange for bitcoin transactions with local sellers.

Selling of bitcoins can be made in various ways. In direct trades, the sellers register on a site and post the sale offer. The website alerts when a buyer is interested in such offer and from there on the sale proceeds are carried forward. In exchange trades, the intermediaries play the pivotal role between the buyer and the seller.