How much are Bitcoin transactions fees?

Modified on Thu, 16 Feb 2023 at 03:05 AM

Most transactions can be processed without fees. But for fee-paying customers you will receive the following benefits:

  • Faster confirmation of transaction process
  • Sometime just for reward to miners

However, in certain situations where fees are required, they will not surpass a couple of Baht. Usually, your bitcoin client will take responsibility to estimate an appropriate fee when required.  Check Bitkub fees here.

Bitcoin’s taxes and legal

Bitcoin is not a fiat currency and not included in legal tender (coins, banknotes, etc.) status in any jurisdiction. Tax liability often increase without careless of the medium used. There are varieties of legislation in different jurisdictions what possibly impact income, sales, payroll, and other form of tax liability to increase Bitcoin tax.

There are services that help your tax compliance such as Coin reporting, Bitcoin tax and Libra Tax.

Interested to buy Bitcoin? Check the Market Now

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article