Post
Topic
Board Altcoin Discussion
Re: Tokens transaction fee.
by
semobo
on 18/02/2021, 13:46:13 UTC
I have some basic undestanding of how ethereum works but I'm not sure about transaction fees on stablecoins like Tether and other tokens running on ethereum.

So on ethereum when your sending tether your sending tether including the ethereum gas fee.

So my question might be a bit newbish but do you need besides tether in your wallet also ether for paying gas, or in other words you need two?

Im not aware of how token representation with ether etc works, and I also don't intent to learn more about ethereum but it was an question which got my attention.
Tether available on different chains, for example if you have ethereum based USDT and wanted to make a transaction then you need to have USDT as well as ethereum because the native currency can be only used as gas fee which applies to TRON as well as BTC based USDT.