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Bitcoin transactions are not free. While Bitcoin was initially promoted as a low-cost alternative to traditional payment systems, it now involves fees that users must pay to process their transactions on the network. These fees vary based on network congestion and transaction size. For example, during periods of high demand, fees can increase significantly, making small transactions less economical. However, compared to some traditional banking or remittance services, Bitcoin fees can still be lower, especially for larger transfers. It is essential for users to understand these costs and adjust their usage accordingly to optimize their experience with Bitcoin products. |
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