{"id":1934,"date":"2020-03-23T09:19:59","date_gmt":"2020-03-23T16:19:59","guid":{"rendered":"https:\/\/www.opennode.com\/blog\/?page_id=1934"},"modified":"2020-03-23T09:20:00","modified_gmt":"2020-03-23T16:20:00","slug":"transaction-fee","status":"publish","type":"page","link":"https:\/\/blog.opennode.com\/blog\/glossary\/transaction-fee\/","title":{"rendered":"Transaction Fee"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>\n<h2 class=\"wp-block-heading\"><strong>Transaction Fee<\/strong><\/h2>\n\n\n\n<p>A transaction fee ensures that <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/bitcoin\/\">Bitcoin<\/a> transactions are added into the next <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/block\/\">block<\/a> to be <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/mining\/\">mined<\/a>. The miner collects the fee for the service of putting your transaction in the next block. The fee often fluctuates on the market value of Bitcoin itself. <\/p>\n\n\n\n<p>Transaction fees are an essential part of ensuring that Bitcoin transactions make it from mempool to blockchain by incentivizing miners to mine.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Links:<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><em>Bitcoin Transaction Fees<\/em> &#8211; <a href=\"https:\/\/billfodl.com\/pages\/bitcoinfees\">Billfodl<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>Transaction Fee A transaction fee ensures that Bitcoin transactions are added into the next block to be mined. The miner collects the fee for the service of putting your transaction in the next block. The fee often fluctuates on the market value of Bitcoin itself. Transaction fees are an essential part of ensuring that Bitcoin  &#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":172,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-notitle.php","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1934","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Transaction Fee - OpenNode Blog<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transaction Fee - OpenNode Blog\" \/>\n<meta property=\"og:description\" content=\"Reading Time:  &lt; 1 minuteTransaction Fee A transaction fee ensures that Bitcoin transactions are added into the next block to be mined. The miner collects the fee for the service of putting your transaction in the next block. The fee often fluctuates on the market value of Bitcoin itself. Transaction fees are an essential part of ensuring that Bitcoin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.opennode.com\/blog\/glossary\/transaction-fee\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenNode Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OpenNodeco\/\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-23T16:20:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@opennode\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/transaction-fee\\\/\",\"url\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/transaction-fee\\\/\",\"name\":\"Transaction Fee - OpenNode Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#website\"},\"datePublished\":\"2020-03-23T16:19:59+00:00\",\"dateModified\":\"2020-03-23T16:20:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/transaction-fee\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/transaction-fee\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/transaction-fee\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Main\",\"item\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Glossary\",\"item\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Transaction Fee\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/\",\"name\":\"OpenNode Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#organization\",\"name\":\"OpenNode\",\"url\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.opennode.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Logomark-1.png\",\"contentUrl\":\"https:\\\/\\\/www.opennode.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Logomark-1.png\",\"width\":1920,\"height\":1920,\"caption\":\"OpenNode\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/OpenNodeco\\\/\",\"https:\\\/\\\/x.com\\\/opennode\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Transaction Fee - OpenNode Blog","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Transaction Fee - OpenNode Blog","og_description":"Reading Time:  &lt; 1 minuteTransaction Fee A transaction fee ensures that Bitcoin transactions are added into the next block to be mined. 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