Why do we need commissions and who receives them?

[Moaz 7239]

Yes, you are right that the bitcoin transaction fees are high, because mining bitcoin has become expensive, and the higher the fees, the faster your transaction is confirmed and completed by miners, and this is normal in my opinion in the crypto world.

[BraveHeart01 1569]

It is not like commission  that is the fee and it is not paid to the users it is paid to the miners that mine Bitcoin, as the earning for them because they have invested too.

[khan22 3478]

Commision is the main fee of the exchange that is apply for the buying and selling the coins and that go to the exchange owner and they make good money through this becasue they give us free services and we buy and sell our coins instantly and they just apply some fee on it.

[Khan 1414]

On 10/11/2019 at 8:46 PM, Bills said:

Everyone since they saw that some type of business model can be done will do it, when miners see higher rates in commissions they make bitcoin transactions faster, for everything it is commission, I think that for free nothing will work well.

Commission is in everything and the crypto world run on commission basses because if the ICO's holder don't release free coin then they don't get the users attention.

[Ndayebo8 0]

Indeed, I think the commission needs to happen in view of the commonly useful movement. this can reinforce the trust of the individual who gives the commission. welcoming the crypto world.

[Mella 3680]

All the system have to make back some money for payment of the cost to produce and for profit. It is the basis of the economy system that we have which is capitalism. With no profit the business ends and shuts down. So with fees and new bitcoin there is profit for the miners.

[Syriana 350]

When we pay and withdraw Bitcoin, we need commissions to pay miners to increase their production and reward and increase their work. We are already in need of this.

[Amr90 1064]

I read on one of the sites that the commission is the profit of the miner.
The process of confirming the transfer from different wallets is the mining process that is decrypted by the miner, so a commission is paid to that person.

[Mike1515 2977]

This is a puzzle to me , but some of the exchange providers which means even wallets then this would be that they get some profit from what you transfer that is really something you have to improve on and work as hard for there is a commission to which one is to really define that on and that is something you need to check there is a system fee but we dont get where this goes , and I mean 100 satoshi for example is the fee, and you realize that you have about 1Million transactions a day in bitcoin , that means about 1bitcoin a day in the same

[Abuhassan 89]

If the commissions or fees handled by miners is not rewarded by them the transaction wouldn't have been successful the miners do the hard work to make sure the transactions are successful that is why they earn the charges fees for the transaction.

[Barbarellah 2225]

The commissions that are established are for maintenance of the network. The miners are workers like us in the forum, only at a different level and they need to receive their payments for the operations they carry out on the network, apart from the fact that to mine Bitcoin today it is required to use high-tech equipment that is They are very expensive and that they work with electricity and also need refrigeration and all this entails expenses that must be covered by the commissions that we all contribute. With the beginnings of Bitcoin, all this was insignificant since to mine Bitcoin with a desktop pc it could be done without much effort and the expenses generated were insignificant.

[abd1992 960]

On 10/11/2019 at 5:44 PM, ranya said:

What happened to Bitcoin? When Bitcoin just appeared there were no commissions. Without commission, Bitcoin would have been better than fiat money. Because of commissions, you can not use Bitcoin when buying everyday goods. Where did the commissions come from? For confirmation of the transaction, miners without commission receive Bitcoins. Why do we need commissions and who receives them?

Commissions are primarily for profits for currency producers and also as operating bonuses for miners who work on currency blockchains and are responsible for transfers.

[Froshk 1828]

I believe the commissions we pay for purchasing certain cryptocurrencies are basically for the miners, it's an also be referred to as confirmation fee. 

[Bruno52 1141]

I don't know why we need commissions but I don't think that they are necessary because it just makes bitcoin look like a currency used in any country because it almost seems like a tax which makes it no different from the rest of the other currencies used in the world.

[Zeshan7736087 287]

There is no commission for bitcoin itself. When we do online shopping using bitcoin, commission is recieved by corresponding shopping site. When we transfer it to wallet, commission is recieved by wallet administration. When we trade it into other coins, commission is recieved by exchange.

[Amna Hareem 1213]

On 10/11/2019 at 8:44 PM, ranya said:

What happened to Bitcoin? When Bitcoin just appeared there were no commissions. Without commission, Bitcoin would have been better than fiat money. Because of commissions, you can not use Bitcoin when buying everyday goods. Where did the commissions come from? For confirmation of the transaction, miners without commission receive Bitcoins. Why do we need commissions and who receives them?

Dear commission is necessary because it made our transaction easy and I think the person that create the whole process of withdrawing can earn this profit but it will be low because it is also cutting through our payment and we are also earning money by doing hard work so commission should also be low.

[teebasas 3018]

Miners will get commissions for mining each block. For example If all the Bitcoins are mined, I think there will be the high transactions fee for Bitcoin because benefits source for miners will be only the transactions fee where they have to depend on. 

[abohasnn9 2401]

My friend, your subject is very important. The commission is there to increase our security. When sending one of the cryptocurrencies from one wallet to another, we need a complex cryptocurrency that takes place on our graphics card. The commission goes to the miners in order to complete our process easily, successfully, quickly and safely.  Blockchain Corporation Thanks

[Choudhary umer 0]

When you join this forum you write the comments and your ideas according to the topics and the need of the people of this forum and you get the pay and commission against your work on this forum so this will be beneficial for you

[Quickbee 26]

Commissions are paid to miners for doing their job. It is a reward for their work. Something has to be paid for doing their work. And this is paid in the form of commissions. This helps the whole Crypto system to run smoothly.

[Wanderdark 2178]

The miners take these transfeer fees as "gas prices" for confirming the blocks and transactions. when the network traffic or the ether price increases so does these commisions. With recent updates, the solutions to reduce the fee prices are considered. I hope they are successfully implemented.

[maarcoferrer 1096]

The commissions exist so much for them to take advantage and to continue contributing value to us with respect to the rendered services, all the people when they create something must receive something in return also, nevertheless they are always going to see sites of exchanges that are more convenient to us than others. With respect to the countries also has much to do with the higher or lower commissions.

[RoyalHouse01 9]

I do not think you are talking about the commissions you are maybe talking about the fee for the network which is the cause of the issue, and you will never be able to work like that.

[Anastasiaa 27]

commissions are very important in the operation of exchange site or even wallets ,its is these commissions that are used to keep the various services intact and fully functional

[Jack764 1841]

The commission is a natural matter and has been known for a long time. The platform or site provides us with trading services on the platform and it is certain that this service will not be free.