Gas Fees
Last updated
Last updated
Gas fees are the transaction fees that users pay to miners on a blockchain protocol to have their transaction included in the block.
The system works on a standard supply and demand mechanism. If there is more demand for transactions, miners can choose to include the transactions that pay more, compelling users to pay more to have their transactions processed quickly and efficiently.
The fees are changing along the day.
To save some money we included in our website an option to know what are the estimated current fees to help you choose the best time to deploy.
You can see it on the top of our app.
Honestly, it all depends on when you need something deployed. If you need your smart contract deployed immediately then you really have no choice but to take whatever the gas price is currently at. However, if you have time to deploy and want to wait for an ideal time to deploy, we typically think that anything in the 10 Gwei to 30 Gwei range is considered low gas prices and an ideal time to deploy. If the gas price is gas prices of over 70 Gwei is considered high and a non-ideal time to deploy.