Each time any amount of cryptocurrency is sent or exchanged, the currency goes through the Blockchain.
This process requires a small fee called a ‘mining fee’. Bitcoin transactions must have a mining fee attached to them in order to ensure that they are successfully processed. This fee is paid to the bitcoin miners so that they are able to process transactions and secure the network.
Mining fees are fixed and taken each time wherever your crypto is sent. Each cryptocurrency has its strict amount taken for operations. Bitit doesn’t influence or regulates these fees. To learn more about the mining fees click here.