I'm using a crypto broker that I believe uses Binance for their exchange. They quote a 0.005ETH transaction fee and have stressed to me that the fee goes to the miners, not to them and they have no control over it.
It looks like the current gas fees have the average transaction at $2.376 (about 0.001ETH), so they are overpaying on transaction fees if I understand correctly.
Looking at an example transaction from binance, the actual transaction fee is 0.001869 ETH ($6.22), only 10% of the gas limit.
Am I understanding correctly that the unused gas is returned to the sender? Does this mean that Binance is overcharging on the transaction fee and pocketing the difference?
Apologies if this has been asked before!
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