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Send Bitcoin Without Transaction Fees

Send Bitcoin Without Transaction Fees

thecodingcas by thecodingcas
February 7, 2021
in Bitcoin, Blockchain, Cryptocurrency
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Hello Chief, this article doesn’t mean you should start looking for means to bypass transaction fees in crypto transactions.

For every transaction on the Bitcoin Blockchain, miners take at least $5 to process it and every time a block is mined, miners also get a reward (incentive) of 12.5 BTC.

This is how the Blockchain use Cryptoeconomics to keep the network secure by giving miners appealing incentives to help make the choice of securing the network than the alternative.

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How to Bypass Bitcoin Transaction Fee:

NB: This is for mostly crypto exchanges

  1. Exchange your BTC for BCH (Bitcoin Cash)
  2. Transfer it to the beneficiary
  3. Beneficiary exchanges BCH back for BTC again
  4. You are good.

The BCH blockchain has zero/very small transaction fee.

Follow Blockbaze on our social media handles Facebook, and Twitter to stay updated with everything about Blockchain and Crypto.

Tags: BitcoinBlockchainCryptocurrencyExchange
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