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34 Bitcoin Terms A to Z

Term 11 - Gas Fees

Gas Fees are the cost of transferring Ethereum based tokens. There are 220,000 tokens that currently use the Ethereum Blockchain, if you're transferring or converting them you have to pay a fee.

It can vary based on time of day, day of the week. But recently my own experience has been $50 to $500 to make a transfer.

Gas Fees are measured in GWEI.

Here are the current gas fees.

Further Research
  • What is Ethereum Gas Fee
  • What is GWEI

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