What are gas fees?

Network or gas fees occur every time transaction is executed on a blockchain. They are transaction fees that are paid to cryptocurrency miners by whoever is executing the transaction.

Important: the network or gas fee is not a fee applied by BVNK but rather by the blockchain.


Check out this example below from an Ethereum transaction on MetaMask:



For more information, check out the gas fees FAQs from MetaMask.

You can also check the Ethereum documentation on Gas and Fees.

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