Ethereum Network Fees: Understanding Base and Priority Fees

The Ethereum network fee is determined by market forces and influenced by factors such as network congestion and transaction complexity. The base fee, which is burned, and priority fee, or tip, are paid to network validators.

Transactions on the Ethereum network incur fees that are paid in ETH. To send Ethereum, users need to have a balance of ETH in their wallet to execute any type of transaction. Many cryptocurrency wallets allow users to customize the network fees they pay when sending cryptocurrency.

The Bitcoin.com Wallet app allows users to set custom fees for Ethereum transactions, as well as select from three convenient fee settings. Users can also use tools like Etherscan's Gas Tracker to ensure they are choosing an appropriate fee given the current state of network congestion.