Beginner Guide

7. Transactions on a chain

Jan 30, 2023

The mainnet fee is a fee for each transaction we make on the mainnet. We will discuss these fees in more detail in the article below. I will also give you some tips and useful information.

If you choose to send tokens over the Ethereum blockchain, you always pay a fee to the validators as a reward for maintaining, developing and operating the mainnet. The fee is mostly paid in the native coin / token (in this case ETH).

The size of the fee varies; for example, according to traffic or the capacity of the mainnet. For example, if you use a bridge service (bridging cryptocurrency from one chain to another), then the fees are around 0.2-1.5% of the amount transferred. If you are just sending crypto from an address to another wallet address, the fees are lower. We recommend you look at the various decentralized applications (dApps) for bridging that take the smallest fee, then use one of those. A list of these bridge services can be found here. (enter hyperlink)

You can also speed up (or slow down) each transaction you perform. We can manually increase / decrease the GWEI value before confirming the transaction. Such a transaction will then be processed and ​​added more quickly / slowly to the blockchain. Faster transaction processing in the case of higher chain traffic can guarantee faster confirmation of transaction. GWEI = 0.000000001 ETH.

You can read more about GWEI here.

It's always a good idea to keep a small amount of native coins / tokens in your wallet for paying fees.

Analyst opinion

Fees are a necessity, although they are not entirely pleasant, but we have to pay them on most chains. If the fee seems high at the time, we can (unless we need it immediately) wait and try to make the transaction later, or we can try to set a lower fee in return for a slower transaction.

Analyst

Ondřej Tittl
Analyst
All post by Analyst
Join
Our Community
Charlie Lounge
Related Guides
Explore our inspiring blog, which highlights our journey, monumental approaches, and future vision for transforming decentralized finance.
View more
Beginner Guide

6. Transfer funds from CEX to DeFi wallet

Send funds to MetaMask. Pay gas fees on BSC and Avalanche. Test with small coins/tokens. Exchange $USDT with swap.
Jan 30, 2023
View Details
Beginner Guide

Stay SAFU

Learn about the most common safety threads and how to protect your digital assets.
Aug 21, 2023
View Details
You Might Also be interested in
Sort by date
Money Management

3. Charlie Gem - Trading Money Management

A comprehensive approach to managing your money while tracking and trading our Charlie Gem alerts.
May 22, 2023
View Details
Charlie Farming

Charlie Farming - Risk Factors Guide

Explore this comprehensive guide to understand the risk factors associated with Charlie Farming and learn how to manage them effectively.
May 19, 2023
View Details
Charlie Farming

DeFi Farming 101 Guide

Delve into the fundamental economic interpretation of yield farming and become a successful DeFi farmer!
May 10, 2023
View Details
This is some text inside of a div block.

Heading

This is some text inside of a div block.

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Analyst opinion

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Analyst

This is some text inside of a div block.
Analyst
All post by Analyst
Join
Our Community
Charlie Lounge
Related Guides
Explore our inspiring blog, which highlights our journey, monumental approaches, and future vision for transforming decentralized finance.
View more
Beginner Guide

6. Transfer funds from CEX to DeFi wallet

Send funds to MetaMask. Pay gas fees on BSC and Avalanche. Test with small coins/tokens. Exchange $USDT with swap.
Jan 30, 2023
View Details
Beginner Guide

Stay SAFU

Learn about the most common safety threads and how to protect your digital assets.
Aug 21, 2023
View Details
You Might Also be interested in
Sort by date
Charlie Gem

Maestro Telegram Sniper Bot Guide

Find out more about a sniper bot and take advantage of this tool!
May 3, 2023
View Details
Charlie Gem

Charlie Gem - A Guide to Risk Factors

Learn about the risks involved in DeFi trading and how to manage them effectively in Charlie Gem Telegram group.
Apr 30, 2023
View Details
Charlie Gem

Meme coins / Low Market Cap Assets Trading Guide

Insights for trading high-risk meme/low market cap assets: catch trends, invest wisely, assess risks.
Apr 30, 2023
View Details