Gas Fee is Fixed Regardless the Amount of ETH to Send

in crypto •  last year  (edited)

I have seen many small transactions using Steem2ETH Swap

Here is the things you need to know:

  1. regardless the amount, the gas fee is fixed per transaction, so you pay for example X amount of ETH as transaction fee so that you can send 1000 ETH, or you pay the same amount of gas fee to send 0.001 ETH. TLDR; you might need to avoid small amount of transfers (reduce the number of transfers)
  2. Higher Gas Fee in general means quicker transfer time you can check this via the Gas Tracker.

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