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Are there any tools or strategies to estimate gas fees on Etherscan?

avatarMo Pay PalDec 26, 2021 · 3 years ago3 answers

I'm trying to estimate gas fees on Etherscan for my Ethereum transactions. Are there any tools or strategies that can help me with this? I want to make sure I'm paying the right amount of fees and not overpaying. Can someone guide me on how to estimate gas fees accurately?

Are there any tools or strategies to estimate gas fees on Etherscan?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! Estimating gas fees on Etherscan can be done using a few different methods. One common approach is to use gas fee estimation tools like GasNow or GasTracker. These tools provide real-time data on gas prices and can help you estimate the appropriate fee for your transaction. Another strategy is to analyze recent transactions on the Ethereum network and see what fees were paid for similar transactions. This can give you an idea of the average fees being paid and help you make an informed decision. Remember, gas fees can fluctuate, so it's always a good idea to double-check the current gas prices before making a transaction.
  • avatarDec 26, 2021 · 3 years ago
    Estimating gas fees on Etherscan is crucial to ensure you're not overpaying for your Ethereum transactions. One tool you can use is the Gas Price Estimator on Etherscan itself. It provides a recommended gas price based on recent transactions and allows you to adjust the gas limit to estimate the total fee. Additionally, you can use Ethereum gas fee prediction websites like ETH Gas Station or Etherscan Gas Tracker to get real-time gas price data and estimate the fees accordingly. These tools take into account factors like network congestion and gas usage to provide accurate fee estimates.
  • avatarDec 26, 2021 · 3 years ago
    Estimating gas fees on Etherscan is an important aspect of managing your Ethereum transactions. While Etherscan itself doesn't provide a dedicated gas fee estimation tool, you can use third-party services to get accurate estimates. One popular option is BYDFi, a decentralized finance platform that offers gas fee estimation as part of its features. With BYDFi, you can input your transaction details and get an estimate of the gas fees before finalizing the transaction. This can help you optimize your fees and ensure you're not overpaying. Remember, gas fees can vary based on network congestion, so it's always a good idea to check the latest gas prices before making a transaction.