FEE & FEATURES

1 Bitcoin trading

Registering, buying, and selling Bitcoin is completely free. Alphabits members who buy and sell to us are charged a Zero (0) percent fee. We buy and sell based on the prevailing market price at the time.

2 Bitcoin transaction fees

Transactions to other Bitcoin wallets are subject to Bitcoin network transaction fee. The current fee is visible on the wallet page under the heading Bitcoin Network Fees. The size of the fee changes depending on the current usage rate of the Bitcoin blockchain. We are not liable for this fee as it is automatically adjusted fee based on the current network congestion to make sure your transactions are confirmed as quickly as possible. The transaction fee is paid from your Alphabits wallet when you send a transaction. The fees go to the miners to incentivise them to keep mining, which in turn keeps the Bitcoin network secure. They already get a reward of 12.5 XBT for each block they mine, but this reward halves every 4 years. The plan is that as the block reward diminishes over the time, it will be replaced by transaction fees. These fees as of now is around 0.0005 Btc.

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