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Are binance fees lower than coinbase6/21/2023 ![]() You decide on two things: how much you're willing to pay per unit of gas (the gas price), and how much gas you're willing to spend on a transaction (the gas limit). The more things you need to compute, for example, the more complex the smart contract is, the more computing power you require.įor example, transferring ETH will be much cheaper than transferring/swapping ERC20 tokens or minting/transferring NFT as it involves the execution of the smart contract for these assets. Gas is a unit of cost for computing things on the Ethereum blockchain. Ethereum network feesįor Ethereum and Ethereum-based cryptocurrencies, the network fees are set by the gas price and the gas limit. Otherwise, your transaction may get stuck in a queue for an undefined period of time until it will get dropped. Only select the advanced fees interface if you understand what you are doing. You can switch between the standard fees and the advanced fees interfaces in Ledger Live: Slow: the transaction will roughly be included within 6 blocks (about 60 min for Bitcoin). ![]()
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