I'm a beginner in crypto. I just want to regularly buy gift cards (average price of each: $50) with my ethereum and I want to pay the lowest blockchain network fee. Right now, my ethereum is on coinbase. I was looking to compare fees for ethereum transfer. I saw on reddit this: https://fees.growthepie.com/
But it doesn't show coinbase on this list. I don't know the meaning of Median fee, Transfer ETH and TPS. But I understand that Unichain is the best. What is the approximate median fee of coinbase? Should I rank each Chain according to Median fee or Transfer ETH? Should I switch from coinbase to Unichain?
Sorry for asking so many questions.
Posted by HorizonflaropicPet
3 Comments
When you send your funds from Coinbase it will ask what network you want to use. Base is free sometimes but you have to make sure the company you are buying gift cards from will accept payment from whatever L2 you choose. Otherwise, you’ll have to send on the mainnet.
Why buy gift cards with crypto? Is there a benefit over using traditional payment methods?
A blockchain network fee is the small amount you pay to process a transaction on the network. It goes to validators or miners who confirm and secure transactions.
Fees change depending on network demand when activity is high, fees rise; when it’s quiet, they drop. On Ethereum, it’s called gas, while other chains like Solana or Bitcoin have their own fee models.