What Are Gas Fees?
When you perform transactions on the blockchain—such as purchasing assets or transferring tokens—you may encounter blockchain fees, commonly known as gas fees. Gas fees are transaction fees paid to blockchain validators for processing and securing transactions.
Every action on the blockchain (such as sending tokens or interacting with smart contracts) requires computational resources. Gas fees compensate the network for this work.
These fees are not charged by Toyow. Instead, they are required to process and validate transactions on the blockchain network.
Why Do Gas Fees Exist?
Gas fees serve several important purposes:
Transaction Processing: Ensure your transaction is included in the blockchain
Network Security: Incentivize validators to maintain the network
Spam Prevention: Prevent misuse or overloading of the network
When Do You Pay Gas Fees?
You may encounter gas fees when:
Connecting and transacting via your Web3 wallet
Purchasing assets/tokens using crypto
Transferring assets/tokens between wallets
Interacting with smart contracts
Important Notes
Gas fees are non-refundable, even if a transaction fails.
Ensure your wallet has enough balance for:
Transaction amount
Gas fees
Always select the correct network to avoid loss of funds.
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