Articles on: User FAQ

How does Torus manage Gas Fees?

Gas limit refers to the maximum amount of gas (or energy) that you're willing to spend on a particular transaction. A higher gas limit means that you must do more work to execute a transaction using ETH or a smart contract. If the gas price limit is too low, miners can choose to ignore such transactions

The Ethereum network handles only a limited number of transactions. Some transactions are very complex, and require more time to process than others. In order to ensure that the network is not overly congested, Ethereum has a transaction processing protocol that charges users for processing transactions, that is akin to toll fees for vehicles on a highway.

Torus doesn't charge you any fees, you only pay network fees depending on the network.

When making a transaction out of Torus Wallet, our platform will calculate a recommended rate automatically based on the gas fees at that point in time from the blockchain, so you do not need to do anything. The transaction will be prioritized by the network when you pay a medium or higher gas fee and it is not recommended to pay low gas fees as such transactions need to wait a bit longer until other transactions are processed and can get ignored by miners.

If you click on the Transfer tab to send tokens, you will be presented with the below screen where you can view the Max Transaction Fee.

When you click on Edit, you will be presented with the below options:

Further, when you click on View Advanced Options, you can set the Max Priority and Max Transaction fee manually yourself.

The gas limit is the maximum number of units of gas you are willing to pay for in order to carry out a transaction. Remember, a normal transaction sending ETH or a token normally costs 21,000 gas.

Gwei: Gwei is a unit of ether, the smallest denomination, which stands for gigawei (or 1,000,000,000). Gwei is used for gas fees, or rather payments made by users to compensate for the computing energy required to process and validate transactions on the Ethereum blockchain.

Other networks also tend to calculate costs using gwei -- for example, Fantom, Harmony and Avalanche.

You can use these links to get Gas fees information at any point in time to serve as a reference point:

- Ethereum Network -
- Polygon Network -
- Binance SmartChain Network -
- XDai(Gnosis) -

Irrespective of what token you are transferring or exchanging out of Torus Wallet, it is the network fees you need to pay for so make sure you are on the correct network in Torus Wallet following this article

Updated on: 13/04/2022

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