Cryptocurrency Q&A
Does BNB have a gas fee?
Does BNB have a gas fee?
CryptoWizardry
Fri Dec 13 2024
|
5 answers
942
I'm trying to understand if BNB, the cryptocurrency issued by Binance, charges a gas fee for transactions. I'm curious to know if there are any additional costs associated with using BNB for transfers or other activities on the Binance platform.
5 answers
EchoWhisper
Sat Dec 14 2024
Gas prices on the BNB Chain serve as the charges incurred for transaction processing on the network.
Was this helpful?
367
70
Martino
Sat Dec 14 2024
Users must pay these gas prices to ensure their transactions are validated and included in the blockchain.
Was this helpful?
102
70
mia_anderson_painter
Sat Dec 14 2024
These fees are expressed in gwei, a unit of measurement specific to the BNB Chain ecosystem.
Was this helpful?
159
88
ethan_thompson_journalist
Sat Dec 14 2024
Gwei represents a minute fraction of the BNB cryptocurrency.
Was this helpful?
184
59
CryptoVanguard
Sat Dec 14 2024
Specifically, one gwei is equivalent to 0.000000001 BNB.
Was this helpful?
130
34
