What are some ways to reduce gas fees for FTM transactions?

3 answers

• ekansh ojhaJan 03, 2025 · a year ago
  One way to reduce gas fees for FTM transactions is to use a layer 2 solution like Fantom Opera. By utilizing layer 2, you can perform transactions off-chain, which significantly reduces gas fees. This can be a cost-effective option for frequent traders or those who want to save on transaction costs.
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• Tiana JohnsonJan 13, 2024 · 2 years ago
  Another way to reduce gas fees for FTM transactions is to optimize your transaction settings. You can adjust the gas price and gas limit to find the right balance between transaction speed and cost. Lowering the gas price or setting a higher gas limit can help reduce fees, but it may also increase the transaction time. It's important to find the optimal settings based on your needs.
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• Nitin MouryaJan 17, 2021 · 5 years ago
  At BYDFi, we offer a gas fee reduction program for FTM transactions. Our platform allows users to stake BYD tokens to earn rewards, which can be used to offset gas fees. This program provides an additional incentive for users to participate in our ecosystem and reduce their transaction costs. Consider joining our platform to take advantage of this opportunity.
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