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In an exchange of cryptocurrencies (say an exchange of ETH to BTC on poloniex or kraken), do you still pay a fee to the miners to verify the transaction(s) or is it included in the exchange fees?
Do you pay verification fees in an exchange?
Answers
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That exchange takes place entirely on the exchange's books. Miners don't verify those transactions. Someone will pay transaction fees when you deposit or withdraw to and from the exchange.
