What is the selling of Bitcoin in coin trading (is there a handling fee for selling Bitcoin transactions)

What is Bitcoin selling in coin trading? What is Bitcoin selling in coin trading? In the blockchain world, Bitcoin is a Cryptocurrency that is purchased through a method called “sold assets”. Buyers can earn profits by converting the funds in their digital wallets into another type of digital asset (i.e., selling). But if you want to convert Bitcoin into legal currency and transfer it to the exchange, you need to use legal currency first. Because many digital wallets currently cannot provide this feature. Then Bitcoin can be selected as the payment method in currency transactions, which is different from using Fiat money or any other virtual property Is there a handling fee for selling Bitcoin transactions In traditional finance, when transferring funds between buyers and sellers, a certain amount of funds needs to be paid. Usually, the buyer and seller pay a certain amount (such as $100000) on a transaction basis. For the exchange, this fee is not charged. If the price of a currency falls below a certain level and a premium occurs, the digital currency will be deducted, thereby affecting the price trend of the entire market But when a transaction occurs, generally speaking, the trading platform will charge users a price difference of $1-5 as a transaction fee to compensate for this loss. 2. How to ensure profits The first thing to know is that both buyers and sellers complete transactions through an exchange. So when conducting transactions on blockchain, there must be an intermediary, which involves the credit status and other information of the matchmaker or broker, all of which are provided by third-party services What is the source of commission income We know that traders can exchange their fiat currency or encrypted assets in their wallets for another token, and then exchange the fiat currency for other products. Then the merchant sends the purchased currency to the buyer. In this way, the value of the payment can be transferred from the other party and a profit can be obtained. This method is called “remittance”, which means that each remittance requires a certain handling fee to be paid. But if the counterparty wants to convert their fiat currency into a virtual product, they will have to pay a transaction fee of $2 to $5. Why is there such a mechanism? In order to prevent the price fluctuation risk caused by High-frequency trading, some large banks have also taken different measures to limit the cash inflow between their customers. Due to their different business models, these institutions will adopt the same rules in various aspects to reduce transaction costs for users. Why are the fees very low? Because the products you purchase are not sold directly to miners but distributed to you proportionally; If you want to monetize your coins from the coins dug up, your coins will not be stored in refrigerated warehouses all the time, there will be no Bitcoin in the hands of traders, and there will be no corresponding trading system or other support. 5. What conditions make the handling fee less According to the traditional financial system, the handling fee is not very high. However, many small and medium-sized enterprises have begun to accept various forms of services, including mobile payment applications such as Alipay. Other small companies even launched some applications based on blockchain technology, such as electronic contracts, hoping to achieve Digital transformation.