What is the disbursed amount for Bitcoin transactions?
Udsen MarkDec 18, 2021 · 3 years ago3 answers
Can you explain the concept of disbursed amount in Bitcoin transactions? How is it calculated and why is it important?
3 answers
- Dec 18, 2021 · 3 years agoThe disbursed amount in Bitcoin transactions refers to the total amount of Bitcoin that is sent from one address to another. It is calculated by summing up all the inputs and outputs of a transaction. Inputs are the Bitcoin that are being spent, while outputs are the Bitcoin that are being received. The difference between the total inputs and total outputs represents the disbursed amount. This amount is important because it determines the net transfer of Bitcoin between addresses.
- Dec 18, 2021 · 3 years agoWhen you send Bitcoin to someone, the disbursed amount is the actual amount that is deducted from your wallet and transferred to the recipient's wallet. It takes into account any transaction fees that may be incurred. The disbursed amount is important because it ensures that the correct amount of Bitcoin is transferred and recorded on the blockchain.
- Dec 18, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, provides a user-friendly interface that allows you to easily view the disbursed amount for Bitcoin transactions. It shows you the exact amount of Bitcoin that is being sent and received in each transaction. This transparency helps users keep track of their funds and ensures that transactions are accurate and secure.
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