Post
Topic
Board Altcoin Discussion
Re: Tokens transaction fee.
by
aioc
on 19/02/2021, 22:18:38 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.

I also experienced that in my Exodus wallet way back I thought my small Ehereum can still cover my gas, but it was not and I have to wait sometime before I can add Ethereum to my Exodus because the transaction at that time was on an all-time high, just sending it in my Exodus will eat a lot of fees, so if you are going to store USDT on eth platform be sure you have enough gas, I prefer USDT on Tron better with their low fees, I'm not a big fan of Stable coin, there's no profit holding but just part of the strategy to keep your portfolio safe.