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Do I have to pay gas fees using PEXX?
Do I have to pay gas fees using PEXX?
Updated over 7 months ago

Yes, you may need to pay gas fees when depositing USDT/C from your Web3 wallet into your PEXX account.

Gas fees are typically required for transactions on blockchain networks. These fees compensate for the computational power needed to process and validate transactions and are usually denominated in the native cryptocurrency of the blockchain being used (e.g., ETH for Ethereum, TRX for Tron).

Gas fees can vary depending on network congestion, transaction complexity, and the speed at which you want your transaction to be processed.

How to Manage Gas Fees

Monitor Network Conditions:

  • Use tools like Etherscan or Tronscan to monitor current gas prices and choose optimal times for transactions.

Adjust Gas Price:

  • Most wallets allow you to set the gas price manually. Setting a lower gas price can reduce costs but may result in slower transaction times.

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