Post
Topic
Board Altcoin Discussion
Re: What is gas amount?
by
jondel
on 17/02/2018, 14:35:03 UTC
I successfully sent some cryptocurrency the other day. Then when I looked over my transaction, it had a gas amount or charge. What is this gas amount? I never heard of it and I don't even know what it is. Now is there anyway to avoid it or at the very least minimize it's amount? Please can someone give me some advice and steer me in the right direction!

I assumed you are talking about ETH since you mention GAS. It's like a transaction fee. If you want fast transaction time, you give a higher GAS amount. If you set your GAS too low, your transaction will take longer time. You can avoid gas fee but you can minimize. To help calculate gas fee you can use https://ethgasstation.info for reference.