Ethereum gas fees are the fees charged by nodes on the new ETH 2.0 Proof of Stake protocol, to processing transactions on the Ethereum blockchain. These fees are paid in addition to the transaction's base fee, which is a small amount of ether that is required to send any transaction. In this blog, we'll talk about different ways to avoid gas fees.
The gas fee is calculated based on the complexity of the transaction, and is used to incentivize the network to process transactions quickly. The higher the gas fee, the more incentive a node has to include your transaction in their block.
How Can You Avoid Paying Gas Fees?
There are a few ways that you can avoid paying gas fees when sending transactions on the Ethereum network:
Use a service that doesn't require gas fees: There are some services, like ShapeShift, that don't require gas fees to send transactions. This is because they don't actually send the transaction on the Ethereum network - instead, they simply change the currency that you're holding in your wallet.
Use a wallet that doesn't require gas fees: There are some wallets, like MetaMask, that don't require gas fees to send transactions. This is because they have a built-in mechanism that allows them to automatically select the cheapest gas price for you.
Use a service that reimburses gas fees: There are some services, like Coinbase, that will reimburse you for any gas fees that you incur when sending transactions. This is because they want to encourage users to use their service and they know that gas fees can be
Use a layer 2 blockchain: There are some blockchains, like Lightning Network, that don't require gas fees to send transactions. This is because they're built on top of existing blockchain networks and allow you to send transactions without having to use the underlying network.
What do gas fees normally cost?
The amount that you'll pay in gas fees will vary depending on the complexity of the transaction and the current congestion of the network. However, as a general rule, you can expect to pay around $1-$10 in gas fees for a simple transaction like sending ETH from one address to another, but the amounts vary significantly depending on how congested the network is.
If you're looking to avoid paying gas fees altogether, your best bet is to use a service that doesn't require them or to use a wallet that automatically selects the cheapest gas price for you. However, if you don't mind paying a few cents for each transaction, then you can simply send your transactions as normal and the gas fees will be automatically deducted from your balance.