What are gas fees?

Network or gas fees are charged every time a transaction is executed on a blockchain. These are transaction fees paid to the blockchain network (e.g., miners/validators) by the person submitting the transaction.

Important: Network/gas fees are not charged by BVNK, they are set and collected by the blockchain network.

See the example below from an Ethereum transaction in MetaMask:

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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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