# Transaction Fee 1. May be included with any transfer of [[bitcoin (BTC)]] from one [[Address|address]] to another. At the moment, many transactions are typically processed in a way where no fee is expected at all, but for [[Transaction(s)|transactions]] which draw [[Coin(s)|coins]] from many bitcoin addresses and therefore have a large data size, a small transaction fee is usually expected. The transaction fee is processed by and received by the bitcoin [[Miner(s)|miner]]. When a new bitcoin [[Block(s)|block]] is generated with a successful [[Hash|hash]], the information for all of the transactions is included with the block, and all transaction fees are collected by that user creating the [[Block(s)|block]], who is free to assign those fees to himself. Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction. On the other hand, nobody [[Mining|mining]] new bitcoins necessarily needs to accept the transactions and include them in the new [[Block(s)|block]] being created. The [[Transaction Fee|transaction fee]] is, therefore, an incentive on the part of the bitcoin user to make sure that a particular transaction will get included in the next [[Block(s)|block]] which is generated. It is envisioned that over time the cumulative effect of collecting transaction fees will allow somebody creating new [[Block(s)|blocks]] to “earn” more bitcoins that will be mined from new bitcoins created by the new [[Block(s)|block]] itself. This is also an incentive to keep trying to create new [[Block(s)|blocks]] even if the value of the newly created [[Block(s)|block]] from the mining activity is zero in the far future. 3. A small fee imposed on some transactions sent across the [[Bitcoin (blockchain)]] network. The [[Transaction Fee|transaction fee]] is awarded to the [[Miner(s)|miner]] that successfully hashes the [[Block(s)|block]] containing the relevant [[Transaction(s)|transaction]]. 4. The amount remaining when the value of all outputs in a [[Transaction(s)|transaction]] is subtracted from all inputs in a transaction; the fee is paid to the [[Miner(s)|miner]] who includes that transaction in a [[Block(s)|block]]. Synonyms: Transaction fee || Miners fee Not To Be Confused With: [[Minimum relay fee]] (the lowest fee a transaction must pay to be accepted into the [[Mempool|memory pool]] and relayed by Bitcoin Core nodes). 5. Payment made to the volunteers who process [[Transaction(s)|transactions]] on a [[Blockchain|blockchain]] ([[Miner(s)|miners]]). [[Transaction Fee]] can vary by [[Crypto (cryptocurrency)|cryptocurrency]] and also by the desired transaction speed. 6. All [[Crypto (cryptocurrency)|cryptocurrency]] transactions involve a small [[Transaction Fee|transaction fee]]. These fees add up to account for the [[Block(s)|block]] reward that miners receive when they successfully process a block. Many transactions are typically processed in a way where there is no fee, but for transactions which draw [[Coin(s)|coins]] from many bitcoin [[Address|addresses]] (and have a large data size), a small transaction fee is usually expected. When a new [[Block(s)|block]] is generated with a successful [[Hash|hash]], the information for all of the transactions is included with the block, and all transaction fees are collected by that user creating the block. Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction. On the other hand, nobody [[Mining|mining]] new bitcoins necessarily needs to accept the transactions and include them in the new [[Block(s)|block]] being created. The transaction fee is, therefore, an incentive on the part of the bitcoin user to make sure that a particular transaction will get included in the next [[Block(s)|block]] which is generated. It is envisioned that over time the cumulative effect of collecting transaction fees will allow somebody creating new blocks to “earn” more bitcoins that will be mined from new [[bitcoin (BTC)|bitcoins]] created by the new [[Block(s)|block]] itself. This is also an incentive to keep trying to create new blocks even if the value of the newly created [[Block(s)|block]] from the mining activity is zero. 7. Usually very small fees given to the [[Miner(s)|miners]] involved in successfully approving a transaction on the [[Blockchain|blockchain]]. This fee can vary depending on the [[Mining Difficulty|difficulty]] involved in a [[Transaction(s)|transaction]] and overall network capabilities at that moment in time. If an exchange is involved in facilitating that transaction, they too could take a cut of the overall [[Transaction Fee|transaction fee]].