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You NEED To Own Just 0.1 Bitcoin (BTC) - Here's Why - Michael Saylor 2024 PredictionCrypto transaction fees are paid when you do an action on a blockchain. Actions can range from simple things such as sending a cryptocurrency or digital. 1. What are Bitcoin Transaction Fees? Fees are what Bitcoin owners pay to Bitcoin miners whenever they transfer funds to another Bitcoin address. But in order. A Bitcoin network fee, also known as a transaction fee, is a small amount of bitcoin paid to incentivize miners to include the transaction in the next block.