What is the Gas fee for the OKEx Web3 wallet?

Oct 10, 202514

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The gas fees for the OKX Web3 wallet vary based on the blockchain network and type of operation. ### Gas Fee Calculation - **Formula**: Gas Fee = Gas Used × Gas Price (in Gwei) - Example: Transferring on Ethereum requires 21,000 Gas; at a price of 100 Gwei, the fee is 0.0021 ETH (approximately $7.98). ### Dynamic Adjustment Mechanism - Gas fees can spike during peak times (e.g., NFT minting reached 0.06 ETH). - Users can manually adjust gas prices for transaction speed. ### Gas Fee Reference for Major Chains - **Ethereum (ETH)**: - Regular transfer: 0.001–0.005 ETH (about $3.8–19) - Contract interactions: 0.01–0.05 ETH (e.g., DeFi operations) - **Low-cost chains (BSC/TRON)**: Typically under $0.1 per transaction. ### Cost Optimization Tips - Operate during low-traffic times (3–6 AM UTC+8). - Use Layer 2 networks or sidechains (e.g., Polygon). - New users can receive a $10 gas fee subsidy by registering through the official link. Note: Actual fees should be confirmed in real-time via the wallet.

The Gas fees for the OKX Web3 wallet vary depending on the blockchain network and type of operation.

Gas Fee Calculation Method

Basic Formula
Gas Fee = Gas Usage × Gas Price (Unit: Gwei)
For example: Transferring Ethereum requires 21,000 Gas, and if the Gas price is 100 Gwei, the fee will be 0.0021 ETH (approximately $7.98, based on ETH at $3800).
OKX is one of the top three exchanges globally, with a 20% reduction in trading fees for registered users!

OKX (Overseas) registration link: https://www.okx.com/join/97763692

OKX/Binance/Huobi - Register/Download: http://18907.cc

Binance domestic registration: https://www.binance.com/zh-CN/join?ref=565010509

Dynamic Adjustment Mechanism

Gas fees may spike during peak times (e.g., reaching 0.06 ETH per transaction during NFT minting).
The wallet supports manual adjustment of Gas prices (fast/medium/slow confirmation).
2. Mainstream Chain Gas Fee Reference

Ethereum (ETH)

Regular transfer: 0.001–0.005 ETH (approximately $3.8–19)
Contract interaction: 0.01–0.05 ETH (e.g., DeFi operations)

BSC/TRON and other low-cost chains

Single transaction usually <$0.1
3. Optimization Suggestions Tips to Reduce Costs
Choose low-peak operation times (UTC+8 from 3–6 AM)
Use Layer 2 networks or sidechains (e.g., Polygon)
Subsidy Activities
New users can receive a $10 Gas fee subsidy by registering through the official link.
Note: Actual fees are based on real-time wallet estimates, and it is essential to confirm the Gas fee prompt before operating.