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What are gas fees on Ethereum?
Gas fees are the fees that you pay to use the Ethereum network. They are used to pay for the computational resources that are required to process transactions on the network. Gas fees can vary depending on the demand for the network, and they can be quite high at times.
How do gas fees work for Habbo NFTs?
When you buy or sell a Habbo NFT, you will need to pay a gas fee. The amount of the gas fee will depend on the current gas price and the size of the transaction. You can check the current gas price on websites like Etherscan:
How to reduce gas fees for Habbo NFTs
There are a few things you can do to reduce gas fees for Habbo NFTs:
- Wait for the gas price to go down. The gas price is usually lower during off-peak hours.
- Use a less popular marketplace. Blur has many transactions on the daily, so use OpenSea to buy a avatar as the gas fees are generally lower.
- Buy your NFTs in bundles if you are buying multiple.
- Use a gas tracker. There are a number of websites that track the gas price in real time. This can help you to see when the gas price is low and to time your transactions accordingly.
- Be patient. If the gas price is high, you may have to wait a while for your transaction to be processed. However, if you are patient, you will eventually be able to complete your transaction at a lower gas price.
For the collections on IMX, gas isn’t a issue as Immutable is a gasless solution to trading. The only time you need to pay gas is when you deposit or withdraw ETH onto the Immutable platform.
