Quote from: Prestongold on Today at 06:53:18 AM

Fees for buying Bitcoin depend on the payment method, platform, or venue used. For example, if you are buying from a friend and settling in cash, you will only need to consider the network fee for sending the Bitcoin from your friend's digital wallet to yours. And if you paying via bank transfer or credit card you will of course need to factor in the fees for using this payment method.

Bitcoin fees can be tricky for new investors. They have a few layers depending on where you are purchasing them.

You understand the basics:
1. Network fees for Bitcoin miners along with block rewards.
2. Payment methods like banks, credit cards, and other 3rd party service providers charge extra fees. They want a bit from your bitcoin as well.
3. Crypto exchanges also charge fees of their own.

If you are a new bitcoin investor just keep in mind every time you hear "fees or service charges", someone somewhere wants to take a bite from your chocolate bar. You just need to make sure who is taking the bite and how big the bite is. Wink