Adjusting gas on crypto wallet

Finger Geek

Verified member
In my own understanding. Gas in crypto currency is the transfer speed needed to transfer a coin to another coin or coin from one wallet to another. The more the gas the early the coin will reach its destination. Nowadays to send etherium, it is now costly.
I have seen many people complain about the transfer fees of bitcoin and etherium for not been favourable for small coin transfer. This a been a problem for them to transfer there coin from there wallet. Let say someone that has 0.001 Eth in his wallet and want to transfer it with fee of 0.001 ETH. What will he now have in return, he will have zero balance.
That is why the only option to send the coin is to reduce the gas of the transfer so that he will still have some coin remaining in his wallet. The only problem with reducing gas is that it will delay the transfer of the coin. It might take hours for the receiver to receive the coin.
 
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