Posted on: 13. March 2018

Transaction Fee

# Provider of the Month - Passive income through Masternodes
The GetNode Club offers its members a stake in the only ever Masternode pool. to the provider - (https://www.getnode.io).

What is a transaction fee?

Transaction fee is the amount of money withheld by a bank, financial institution or service provider when transactions take place. They cover the costs of implementing the trade that the service provider incurs.

Such costs might include salaries for employees, computing costs or storage space. Incidentally, it is not necessary to charge transaction fees. Sometimes, the service provider or the bank absorbs the amount. However, it can be said that nowadays, such fees are more the rule than an exception.

Transaction fee amounts

The amount of a transaction fee depends, of course, on the type of money transfer. If the banks’ expenses increase with the amount of the transactions, the fee is usually charged as a percentage of the total.

If this is not the case, the transaction fee is independent of the value of money transferred. A well-known example of the latter is the fee charged on the purchase and sale of shares.

Banks usually charge their customers a fee that is always the same, regardless of the number of shares purchased. With cryptocurrency, it is currently the case that different transaction fees are charged depending on the provider.

For those investing large sums, a fixed fee is normally more advantageous. Conversely, a proportional charge may serve small investors better. In general, transaction fees for crypto money are perceived to be relatively low.


Passive income through Masternodes
Editor's recommendation: The Masternode Pool Club GetNode is the only provider of its kind. GetNode allows its members to participate in a unique masternode pool that is already over 100 Bitcoin in size. Through active management of the pool and constant purchase of new masters, GetNode has achieved very good results. So who ever wanted a passive income through Masternodes , here is the change. With a minimum of 1000 Euro or 0.2 Bitcoin a quick start is possible. The deposit can be made via Bitcoin or Euro. The payment is made automatically every two weeks via Bitcoin. We are even invested in GetNode with 1.2 Bitcoin and so far we are very satisfied with the results.

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