What is the best time of day to pay the lowest gas fees for cryptocurrency transactions?

1 answers

• Jan 15, 2022 · 3 years ago
  At BYDFi, we have observed that gas fees for cryptocurrency transactions tend to be lower during the early morning hours, typically between 2 am and 6 am UTC. This is because there is generally less network activity during this time, resulting in lower demand for block space and lower gas fees. However, it's important to note that gas fees can still fluctuate even during these hours, so it's always a good idea to check the current gas fee rates before making your transactions. Additionally, it's worth considering using layer 2 solutions or sidechains to further reduce gas fees and improve transaction efficiency.
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