<p>Transactions fees are another incentive for miners to mine bitcoin. When you make a payment you segguest a fee for the miners to verify and approve it. A miner that verifies your payment recieves the fee.</p>

<p>So the way to make money from transactions fees is simply to be a bitcoin miner.</p>

<p>Today, new bitcoins are created as a reward for bitcoin miners. This reward gradually decreases and in the future the reward for mining will be solely from transaction fees, and the amount of bitcoin in the world will be constant at around 21 million.</p>

CC BY-SA 3.0
2014-03-21T19:59:13.653Z
Welcome to Bitcoin.se! For questions like this that have clearly been asked before, rather than writing a new answer, it is better to flag the question as a  duplicate. If you think you have more to contribute, add an answer to the previous question.
Nate Eldredge
CC BY-SA 3.0
2014-03-21T16:18:50.680Z
2014-03-21T16:18:50.680Z
user14731
<p>I would like to know what transaction fees are for, what they represent and how does one make money on these transactions? </p>

<transactions>
What are transaction fees
user14248
# What are transaction fees

(Asked by: username_0 on 2014-03-21)

I would like to know what transaction fees are for, what they represent and how does one make money on these transactions?

**Tags:** transactions


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## 1 answers

### Answer by username_1 on 2014-03-21. Score: 0

Transactions fees are another incentive for miners to mine bitcoin. When you make a payment you segguest a fee for the miners to verify and approve it. A miner that verifies your payment recieves the fee.

So the way to make money from transactions fees is simply to be a bitcoin miner.

Today, new bitcoins are created as a reward for bitcoin miners. This reward gradually decreases and in the future the reward for mining will be solely from transaction fees, and the amount of bitcoin in the world will be constant at around 21 million.

> **Comments:**
> **username_2**: Welcome to Bitcoin.se! For questions like this that have clearly been asked before, rather than writing a new answer, it is better to flag the question as a  duplicate. If you think you have more to contribute, add an answer to the previous question.  

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