<p>The fee goes to the miners and is deducted from your wallet.  Including a fee in your transaction improves the chance that your transaction will quickly be included in a block.</p>

CC BY-SA 3.0
2013-12-12T02:17:08.123Z
2013-12-12T02:17:08.123Z
ScripterRon
<p><a href="https://en.bitcoin.it/wiki/Transaction_fees" rel="nofollow">wiki</a></p>

<blockquote>
  <p>The transaction fee is an incentive on the part of the bitcoin user to make sure that a particular transaction will get included into the next block which is generated.</p>
</blockquote>

CC BY-SA 3.0
2013-12-12T08:44:33.330Z
2013-12-12T08:44:33.330Z
Luigi Agosti
<p>if I set a transaction fee from multibit for example, is it a fee I'm paying or is it a fee that the other party is paying; and to whom does that fee go to?</p>

<transaction-fees>
what are "transaction fees" used for?
ZCoder
# what are "transaction fees" used for?

(Asked by: username_0 on 2013-12-12)

if I set a transaction fee from multibit for example, is it a fee I'm paying or is it a fee that the other party is paying; and to whom does that fee go to?

**Tags:** transaction-fees


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## 2 answers

### Answer by username_1 on 2013-12-12. Score: 3

The fee goes to the miners and is deducted from your wallet. Including a fee in your transaction improves the chance that your transaction will quickly be included in a block.


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### Answer by username_2 on 2013-12-12. Score: 3

[wiki](https://en.bitcoin.it/wiki/Transaction_fees)

> The transaction fee is an incentive on the part of the bitcoin user to make sure that a particular transaction will get included into the next block which is generated.


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