How do I adjust gas limit/gas price?
It is now possible to set a custom fee for any and all EVM-like assets in Atomic Wallet.
Contents
- Basic options
- Where do I pick a basic option?
- Advanced options
- Gas limit and Gas price
- How do I use advanced fee settings in Atomic Wallet?
Basic options
If you don't want to concern yourself with manual setting of Gas limit and Gas price and you really don't have time to figure out what those terms mean, the basic settings will do just fine! When choosing the fee, you will be presented with 3 options. Each will display how much money you will have to spend on the transaction and how much time it's going to take. The 3 options you have are:
- Slow. This one will cost the least but will take the longest time to process. Don't abuse this option, since it's hard to predict how long it's going to take.Only use this option if you are really cannot afford to spend extra.
- Standard. The middle ground. You will have to spend a little more, but the transaction will go considerably faster. A perfect choice if you have some extra crypto and need the transaction done within minutes.
- Fast. The most expensive option. The transaction will go through almost immediately.
Where do I pick a basic option?
We are going to use ETH as an example, but you can use this feature with any EVM-like networks' tokens and coins in Atomic Wallet.
Advanced options
Advanced options allow for more fine tuning of each aspect of a network fee - Gas limit and Gas price. This option will work for you if you are sending funds to a particularly heavy smart contract or the blockchain is heavily overloaded.
Gas limit and Gas price
Gas limit – is the total amount of units of gas you are willing to spend on the transaction. This limit is predefined in the network and depends on the contract you are sending funds to, for example.
Note: We don’t recommend to lower the gas limit. All unused gas will return to your address. Adjusting gas limit is only useful if you are sending to a heavy smart contract. You can set the gas limit higher in this case. The default gas limit is 21,000.
Gas price – this is the price you are willing to pay for each unit of gas. You can set the price higher or lower and this will affect how fast your transaction will be executed. The higher the price – the faster the transactions.
How do I use advanced fee settings in Atomic Wallet?
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