What are gas fees?
When you perform a transaction, such as transferring cryptocurrency to another wallet or purchasing an NFT, you must have enough ETH in your wallet to account for the gas fee associated with the transaction (e.g. An NFT may show a price of 0.5ETH and rise to 0.6ETH with the gas fee).
Keep in mind that gas prices fluctuate due to network congestion. Before confirming a transaction, it is recommended to consult websites like https://ethgasstation.info You can take advantage of price fluctuations to benefit from lower transaction fees.
One Time Fee: To be paid only once
This fee occurs every time you:
– Accept an offer
– Transfer an NFT
– Buy an NFT
– Delete a listed NFT
– Cancel an offer
– Convert cryptocurrencies
– Freeze your metadata. This means that your item will be stored safely forever. It is during this automatically performed process that you lock and store your object permanently on a decentralized file storage system, which allows data such as object name, media, description, properties, levels, and statistics to be visible to others.
+27 (0)21 976 7332