What is Gas fee?
The fees charged for using the blockchain network are called Gas Fees.
These fees vary based on the congestion of the network and can differ depending on the specific transaction.
Here are some cautionary points related to Gas Fees
Check Congestion : Gas Fees can increase when the network is congested, so it's advisable to check the congestion level before proceeding with a transaction.
Volatility: Gas Fees fluctuate in real-time, which means higher fees than expected may occur.
Check Wallet Balance: Ensure you have sufficient balance to cover the Gas Fees, as they are typically paid in ETH for networks like Ethereum.
Confirm Transactions: After completing a transaction, make sure to verify that it was successfully executed, reviewing all details, including fees.
These fees vary based on the congestion of the network and can differ depending on the specific transaction.
Here are some cautionary points related to Gas Fees
Check Congestion : Gas Fees can increase when the network is congested, so it's advisable to check the congestion level before proceeding with a transaction.
Volatility: Gas Fees fluctuate in real-time, which means higher fees than expected may occur.
Check Wallet Balance: Ensure you have sufficient balance to cover the Gas Fees, as they are typically paid in ETH for networks like Ethereum.
Confirm Transactions: After completing a transaction, make sure to verify that it was successfully executed, reviewing all details, including fees.
Updated on: 01/25/2025
Thank you!