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What are some ways to estimate the gas fee before making a transaction on Metamask?

avatarBHASREETH SANGARSHDec 17, 2021 · 3 years ago5 answers

Can you provide some methods or tools to estimate the gas fee before initiating a transaction on Metamask? I want to ensure that I have enough funds to cover the gas fee and avoid any unexpected costs.

What are some ways to estimate the gas fee before making a transaction on Metamask?

5 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! One way to estimate the gas fee on Metamask is to use the 'Advanced Gas Estimator' feature. When you are about to make a transaction, click on the 'Edit' button next to the gas fee field. This will open up a window where you can adjust the gas price and limit. Metamask will provide an estimate of the gas fee based on the current network conditions. Keep in mind that this is just an estimate and the actual fee may vary depending on the network congestion.
  • avatarDec 17, 2021 · 3 years ago
    Estimating the gas fee on Metamask can be a bit tricky, but there are a few tools that can help. One popular tool is called 'GasNow'. It provides real-time gas price data and can give you an estimate of the gas fee before making a transaction. Another option is to check the gas fee on a blockchain explorer like Etherscan. By looking at recent transactions, you can get an idea of the average gas fee for similar transactions. Remember to consider the network congestion and adjust your gas fee accordingly.
  • avatarDec 17, 2021 · 3 years ago
    As a representative of BYDFi, I would recommend using the 'Gas Price Oracle' feature on Metamask. This feature provides real-time gas price data from various sources and helps you estimate the gas fee accurately. It takes into account the current network conditions and suggests a suitable gas price for your transaction. By using this feature, you can avoid overpaying or underpaying for the gas fee. Just make sure to double-check the suggested gas price before confirming the transaction.
  • avatarDec 17, 2021 · 3 years ago
    Estimating the gas fee on Metamask is crucial to avoid any surprises. One method is to use the 'Gas Station' feature on Metamask. It provides a simple interface where you can select the desired speed of your transaction (slow, average, or fast) and it will estimate the corresponding gas fee. Another option is to use a gas fee estimation website like 'ETH Gas Station'. These websites provide real-time gas price data and can help you estimate the gas fee accurately. Remember to consider the network congestion and adjust your gas fee accordingly.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to estimating the gas fee on Metamask, there are a few options you can consider. One method is to use the 'Gas Price' slider on Metamask. This slider allows you to adjust the gas price and see the estimated gas fee in real-time. Another option is to use a gas fee estimation website like 'GasTracker'. These websites provide up-to-date gas price data and can help you estimate the gas fee before making a transaction. Just keep in mind that the actual gas fee may vary depending on the network conditions at the time of your transaction.