MultiversX Tracker is Live!

Some questions about gas fees

Etherum Reddit

More / Etherum Reddit 187 Views

I'm new to crypto.
I'm learning how ethereum and other cryptocurrencies work.
Today I create my first Ethereum wallet ( 0x2EC7f9cd30BAb36beD1fC1459dc2c473e852977b ) with MetaMask and I was reading about how transfer so I can have some ETH soon.
But I didnt understand Gas Fees, I understand why they are there... but

1- Why fees are so high comparing with other cryptocoins?
2- Who "gets" this fees? Where the money goes?
3- If I transfer from MetaMask to other MetaMask of a friend I have to pay the same ammount of fees as if I was buying "something" (NFTs for example)?.
4- In case 3 is true... Isn't Ethereum the worst crypto for trading/testing with friends?

Thanks and sorry if the questions are "silly" I am new and I want to learn :)
Step by step.

submitted by /u/RPGCRYPTOlearning
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments