When you send ETH and other ERC20 tokens, or interact with the smart contracts, you need to pay ETH as the transaction fees. In the Ethereum network, the higher the transaction fees you give, the faster the transaction will be packaged and delivered.You can quickly adjust the transaction fees when you transfer tokens.
When you send tokens to others and go to the transaction fee page, there are two ways to set it up in f(x) Wallet:
- Basic method
Select the transaction speed you want, and adjust the transaction fees by selecting "Slow", "Normal" or "Fast".
- Advanced method
Click the “Advanced Options” button at the "Transaction Fee" page; then input the Gas Price and Gas Limit.
Gas Fee = Gas Price x Gas. You can go to ETH Gas Station to see the most suitable setting of the gas price and gas.