We will cover the essentials of gas fees: what they are, why they’re needed for blockchain transactions, and which cryptocurrencies are used for gas fees in Best Wallet.

The article also provides step-by-step instructions for acquiring crypto for gas fees, either by buying or receiving it, and offers specific advice for users engaging with Upcoming Tokens and other features of Best Wallet.

Gas fees are a necessary part of interacting with blockchain networks, including when using Best Wallet. Whether you’re claiming tokens, sending crypto, or interacting with decentralised applications, having enough gas fees ensures your transactions are processed seamlessly.

Gas fees — also referred to as transaction fees or network fees — are the costs of processing and validating transactions on a blockchain. They are an essential part of using decentralised blockchain technology and ensure that the network remains secure and functional.

It is important to note they are not set, paid to, or processed by Best Wallet. They are set and paid to the crypto networks, like Ethereum or BNB Smart Chain.

Gas fees cover the computational effort required to validate and secure your transaction on the blockchain. When you pay gas fees, you're paying for your transaction to be added to the blockchain. They are determined by the respective blockchain network and are not controlled by Best Wallet.

Gas fees must be paid in the native cryptocurrency of the blockchain you’re using. So, on Ethereum, gas fees are paid in ETH, on the BNB Smart Chain, gas fees are paid in BNB, and on Polygon, gas fees are paid in POL.

These fees are an unavoidable aspect of transacting in cryptocurrencies and vary depending on network activity. For more details, check out our comprehensive guide to gas fees.

Every transaction on a blockchain will incur a gas fee, no matter how small or quick. In Best Wallet, the most common gas fees required are for:

Without sufficient gas fees, your transactions cannot be completed, meaning you won't be able to move or trade your crypto freely.

Best Wallet makes it simple to purchase the cryptocurrencies needed for gas fees directly in-app.

Thanks to Best Wallet's partnership with over 20 crypto purchase providers, you should be able to buy Ethereum, BNB Smart Chain, and Polygon's native tokens easily, and get your new tokens deposited directly into your account.

Read our step-by-step guide on how to buy crypto in Best Wallet.

Note: Crypto purchases can take anywhere from a few hours to a few days, so if you need crypto to pay the gas fee for something specific (such as claiming an Upcoming Token), we recommend buying a week in advance.

If your purchase doesn't seem to be going through, read our guide on how to resolve your purchase failure.

If you already have crypto in another wallet or on an exchange, you can deposit those tokens to your Best Wallet quickly and simply.

It should be relatively simple to send crypto from another wallet or exchange — all you will need is your wallet's address, found in Best Wallet. Read our guide on how to receive crypto in Best Wallet.

Sending and depositing crypto from another wallet or exchange should take only a few minutes, depending on what network you're sending on. If you're struggling to deposit crypto in Best Wallet, read our guide on how to troubleshoot those issues.

When purchasing a new token in the Upcoming Tokens section of Best Wallet, you can use your bank card instead of crypto. Whilst this offers a great way to quickly buy promising new tokens (without the delay of having to buy crypto, wait for it to arrive, then purchase), you will need crypto in your wallet to be able to claim and trade your new tokens.

This means you will need to either buy or deposit the native token of whatever blockchain the new token is launching on.

So, for example, you've bought Best Wallet Token ($BEST) in the pre-launch sale with your bank card. As the token will launch on the Ethereum blockchain (date TBC), you will need some ETH tokens to claim and manage your new $BEST tokens. That's why Best Wallet makes it easy to buy or deposit tokens like ETH.

Gas fees are an unavoidable aspect of using blockchain networks and a small price to pay for them to remain functional and decentralised. However, they can seem unintuitive or confusing, especially when trying to trade on a blockchain for the first time.

If you're still unsure about gas fees and how to get crypto to pay them, please email [email protected] or message through the Best Wallet app so the support team can troubleshoot and resolve your issue.

Reminder: Nobody from Best Wallet will ever ask for your wallet’s private key or seed phrase.