The fee you pay when sending a #bitcoin transaction is determined by how quickly you want the transaction to be included in the blockchain. For example, if you're not in a rush, a small fee will suffice as it may take longer for miners to confirm your transaction. However, if speed is important – such as purchasing goods or services that require immediate payment – a higher fee will make sure your transaction gets prioritized. Fees also help incentivize miners to process transactions and secure the network. Understanding bitcoin fees can help optimize your use of the currency and ensure smooth transaction processing regardless of whether you opt for smaller or bigger fees for different purposes.

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