𝗚𝗮𝘀 𝗳𝗲𝗲𝘀 𝗾𝘂𝗶𝘇: 𝘁𝗿𝘂𝗲 𝗼𝗿 𝗳𝗮𝗹𝘀𝗲?
1. Gas fees are the same no matter what time you transact.
→ False. Fees spike when the network is busy and drop during low activity.
2. Layer 2 networks like Arbitrum or Optimism can help reduce gas fees.
→ True. That’s literally why they exist — scaling Ethereum + lowering costs.
3. You always pay gas fees in Bitcoin.
→ False. On Ethereum, it’s ETH. On other chains, it’s their native token ( MATIC for Polygon).
4. Gas fees are required even when sending crypto to yourself.
→ True. Any blockchain interaction (even to yourself) costs gas.
5. Gas fees are predictable and stable.
→ False. They’re volatile and change based on demand.
6. Solana charges the highest gas fees.
→ False. Solana is known for super low fees — a few cents or less.
How many did you get right?
1. Gas fees are the same no matter what time you transact.
→ False. Fees spike when the network is busy and drop during low activity.
2. Layer 2 networks like Arbitrum or Optimism can help reduce gas fees.
→ True. That’s literally why they exist — scaling Ethereum + lowering costs.
3. You always pay gas fees in Bitcoin.
→ False. On Ethereum, it’s ETH. On other chains, it’s their native token ( MATIC for Polygon).
4. Gas fees are required even when sending crypto to yourself.
→ True. Any blockchain interaction (even to yourself) costs gas.
5. Gas fees are predictable and stable.
→ False. They’re volatile and change based on demand.
6. Solana charges the highest gas fees.
→ False. Solana is known for super low fees — a few cents or less.
How many did you get right?
𝗚𝗮𝘀 𝗳𝗲𝗲𝘀 𝗾𝘂𝗶𝘇: 𝘁𝗿𝘂𝗲 𝗼𝗿 𝗳𝗮𝗹𝘀𝗲?
1. Gas fees are the same no matter what time you transact.
→ ❌ False. Fees spike when the network is busy and drop during low activity.
2. Layer 2 networks like Arbitrum or Optimism can help reduce gas fees.
→ ✅ True. That’s literally why they exist — scaling Ethereum + lowering costs.
3. You always pay gas fees in Bitcoin.
→ ❌ False. On Ethereum, it’s ETH. On other chains, it’s their native token ( MATIC for Polygon).
4. Gas fees are required even when sending crypto to yourself.
→ ✅ True. Any blockchain interaction (even to yourself) costs gas.
5. Gas fees are predictable and stable.
→ ❌ False. They’re volatile and change based on demand.
6. Solana charges the highest gas fees.
→ ❌ False. Solana is known for super low fees — a few cents or less.
How many did you get right?
