1 44000618718 2019-04-11T15:41:30+03:00 How to set a fee for sending crypto. What are network fees in different blockchains? Is there a fee to exchange two cryptocurrencies? 44000916608 false Fees 8 2020-04-14T17:58:17+03:00 1 1 2019-04-11T15:43:18+03:00 1 1 Every blockchain network is designed so that the sender (the one who signs the transaction) has to pay a fee for each transaction. Fee size is not fixed and depends on the current number of transactions. In OWNR wallet you can set a priority for any of your transactions by choosing one of the three fee types: Low Average High In most cases, Average fee is enough for miners to put your transaction into the next block. However,  sometimes the number of transactions in the network may increase rapidly within a couple of minutes. In this case you may set a higher fee for the transaction to be confirmed faster (30-60 minutes). <p>Every blockchain network is designed so that the sender (the one who signs the transaction) has to pay a fee for each transaction. Fee size is not fixed and depends on the current number of transactions.</p><p>In OWNR wallet you can set a priority for any of your transactions by choosing one of the three fee types:</p><ul><li><p>Low</p></li><li><p>Average</p></li><li><p>High</p></li></ul><p>In most cases, Average fee is enough for miners to put your transaction into the next block. However,  sometimes the number of transactions in the network may increase rapidly within a couple of minutes. In this case you may set a higher fee for the transaction to be confirmed faster (30-60 minutes).</p><p><br></p> 44000916608 176 44001311810 2020-05-29T11:55:39+03:00 2043033615869 1 How do I set fees? Every blockchain network is designed so that the sender (the one who signs the transaction) has to pay a fee for each transaction. Fee size is not fixed and depends on the current number of transactions. 2 1 1 2019-04-11T15:43:18+03:00 2043033615869 1 2019-04-11T15:51:48+03:00 0 1 For the Ethereum network, you will find three main parameters instead of one (fee). These parameters are GAS limit, GAS price and Nonce. GAS limit is a common Ethereum network index that may change depending on the network load. In a nutshell, it’s a maximum you are willing to spend on the transaction in question. GAS price is calculated it Gwei ( 1 ETH = 1,000,000,000 Gwei), let’s consider it as a price you are ready to pay for each GAS unit in the Ethereum network. Normally default settings of GAS limit and GAS price are enough to send ETH and ERC20 tokens. Nonce is a wallet parameter that grows with every transaction and decreases once the transaction is confirmed. This means you should make some pauses between the transactions. For sending ERC20 tokens, the figures above are growing automatically due to a higher calculation complexity. The same calculations are applicable to transactions in the Ethereum Classic (ETC) network. <p><br></p><p>For the Ethereum network, you will find three main parameters instead of one (fee).</p><p>These parameters are GAS limit, GAS price and Nonce.</p><p><br></p><p>GAS limit is a common Ethereum network index that may change depending on the network load. In a nutshell, it’s a maximum you are willing to spend on the transaction in question.</p><p>GAS price is calculated it Gwei ( 1 ETH = 1,000,000,000 Gwei), let’s consider it as a price you are ready to pay for each GAS unit in the Ethereum network.</p><p>Normally default settings of GAS limit and GAS price are enough to send ETH and ERC20 tokens.</p><p>Nonce is a wallet parameter that grows with every transaction and decreases once the transaction is confirmed. This means you should make some pauses between the transactions.</p><p><br></p><p>For sending ERC20 tokens, the figures above are growing automatically due to a higher calculation complexity.</p><p>The same calculations are applicable to transactions in the Ethereum Classic (ETC) network.</p><p><br></p> 44000916608 92 44001311846 2020-05-29T11:54:20+03:00 2043033615869 2 Fees in the Ethereum network For the Ethereum network, you will find three main parameters instead of one (fee).These parameters are GAS limit, GAS price and Nonce. 2 0 1 2019-04-11T15:51:48+03:00 2043033615869 1 2019-04-11T15:52:16+03:00 0 3 Blockchains of BCH, BSV, LTC, Omni Layer, DASH, ZEC have an architecture very similar to Bitcoin’s, meaning Fee calculations are the same. <p>Blockchains of BCH, BSV, LTC, Omni Layer, DASH, ZEC have an architecture very similar to Bitcoin’s, meaning Fee calculations are the same.</p><p><br></p> 44000916608 49 44001311847 2020-05-29T11:51:47+03:00 2043033615869 3 Fees in other blockchains Blockchains of BCH, BSV, LTC, Omni Layer, DASH, ZEC have an architecture very similar to Bitcoin’s, meaning Fee calculations are the same. 2 0 3 2019-04-11T15:52:16+03:00 2043033615869