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What are the average transaction fees for ETH in the past month?

avatarangryglitchDec 17, 2021 · 3 years ago3 answers

Can you provide information on the average transaction fees for Ethereum (ETH) in the past month? I'm interested in knowing how much it costs to send ETH transactions during this period.

What are the average transaction fees for ETH in the past month?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The average transaction fees for ETH in the past month have been relatively high due to increased network congestion. Users have experienced higher costs when sending ETH transactions. It's important to consider the gas price and network demand when estimating transaction fees. To get the most accurate and up-to-date information, you can check popular cryptocurrency data websites or use blockchain explorers that provide fee estimations.
  • avatarDec 17, 2021 · 3 years ago
    ETH transaction fees have been fluctuating in the past month. Depending on the network congestion and gas prices, fees can vary significantly. It's recommended to use fee estimation tools or wallets that allow you to adjust the gas price to ensure your transactions are processed in a timely manner. Keep in mind that during periods of high demand, fees tend to increase, so it's important to plan accordingly.
  • avatarDec 17, 2021 · 3 years ago
    According to data from BYDFi, the average transaction fees for ETH in the past month have ranged from $X to $Y. These fees are influenced by various factors such as network congestion, gas prices, and transaction complexity. It's always a good idea to check the latest fee estimations before making any transactions. Remember that fees can change rapidly, so it's important to stay updated.