What Are The Fees Involved? Is it a sort of tax that you have to pay to the coin your'e buying?
there are fees involved in both buying and selling coins. the tax is so much high that makes all the traders suffer. and the miners gets the benefits in our transaction. and the more you trade the more taxes it come and the more miners it gains. 
Topic: fees? (Read 276 times)
What Are The Fees Involved? Is it a sort of tax that you have to pay to the coin your'e buying?
Which kind of fees are you referring to?
If you mean exchange fees, yes, they are a sort of emolument you pay to exchange's owners in order to use their service and make trades. trading fees are not only on cryptocoins exchanges, but in any kind of other broker (forex, stocks, etc.).
What Are The Fees Involved? Is it a sort of tax that you have to pay to the coin your'e buying?
I'm assuming you're talking about the transaction fees. Miners, people who take the existing, non-processed transactions, put them into a bundle and process them. They don't do this out of the goodness of their heart, they do this for money (and by this I'm talking about processing transactions and keeping old transactions uncorrupted). Right now they are getting block finding rewards - but these rewards (Bitcoin) will not last forever. So, in addition to block rewards there are also transaction fees. You are not required to add a fee, but neither are the miners obligated to take your transaction over another person who is paying a transaction fee.
Jump to: