Cryptocurrency Q&A
How much is the MetaMask gas fee?
How much is the MetaMask gas fee?
CryptoWizardry
Sat Dec 07 2024
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6 answers
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I'm curious about the cost of using MetaMask. Specifically, I want to know how much the gas fee is when making transactions through MetaMask.
6 answers
Giuseppe
Mon Dec 09 2024
A typical transaction involving the sending of Ethereum (ETH) or any token usually incurs a gas cost of 21,000 units. This amount is standard and widely accepted across the Ethereum network.
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Tommaso
Mon Dec 09 2024
On the other hand, when it comes to approving an ERC-20 token, the gas cost escalates to 45,000 units. This higher cost is due to the complexity involved in the approval process.
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Bianca
Mon Dec 09 2024
It's worth noting that not all blockchains operate with the same gas costs. However, many networks, particularly those compatible with the Ethereum Virtual Machine (EVM), adopt similar models.
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GangnamGlitzGlamourGlory
Mon Dec 09 2024
One such network is Harmony, which utilizes an identical gas model. In Harmony, standard transactions also cost 21,000 gas units, aligning with the Ethereum network's norm.
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Raffaele
Mon Dec 09 2024
The concept of gas limit, which refers to the units of gas utilized, is crucial in understanding transaction costs on certain blockchains.
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