How it works
Crypto gas fees
A gas fee is what you pay a blockchain to process your transaction. It is paid in the chain's own coin, ETH on Ethereum and on most layer 2s.
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- gas
- The units of work a transaction uses.
- gwei
- A billionth of an ETH. Gas prices are quoted in it.
- base fee
- The going price per unit of gas, set by the chain.
- priority fee
- A tip to be included sooner.
How the fee is worked out
Fee = gas used × gas price. Sending ETH uses 21,000 gas. Sending a token such as USDC or USDG uses more, because a contract runs.
Who gets it
On Ethereum, the base fee is burned and the priority fee goes to the validator. That has been the rule since the London upgrade in August 2021.
Why layer 2s cost less
A layer 2 such as Base, Arbitrum or Robinhood Chain bundles many transactions and settles them on Ethereum together, so each one pays a small share.
What a payment cost on 14 November 2026
The newest plain transfer of each coin on the day, read from the chain, at ETH $1,926 on Chainlink's feed.
- Sending USDG on Robinhood Chain: 43,478 gas at 0.02 gwei, 0.17 US cents. The transaction.
- Sending USDC on Ethereum: 62,260 gas at 5.08 gwei, 61 US cents. The transaction.
Ways to pay less
- Use a layer 2.
- Send once rather than in pieces.
- Skip the priority fee when nothing is urgent.
When a transaction fails
You still pay for the gas it used. Check the network and the address before you confirm.
Gas on a tbfcrypto card
Chipping in on a tbfcrypto card is 1% on top, never more than $25. Gas on Robinhood Chain adds a fraction of a cent.
For Ama · First onchain payment · 1 October
Your first transaction, and it cost less than a penny.
KofiWelcome onchain. Check the network every time. 🫡
0xrenProud of you for reading the docs first.
Esi
Robinhood Chain
An example card. The names are made up.
Questions
What are gas fees in crypto?
What you pay a blockchain to process a transaction, in its own coin.
Why are Ethereum gas fees high?
When many people want space in the same block, the base fee rises.
What is gwei?
A billionth of an ETH, the unit gas prices are quoted in.
Do I pay gas if a transaction fails?
Yes, for the gas it used before it failed.
What coin pays gas on Robinhood Chain?
ETH.
On 1 October 2026 at 22:02 UTC we asked Robinhood Chain's public node to price a USDG payment: 35,898 gas at 0.036 gwei, about $0.0035 with ETH at $2,698.
More guides
- Robinhood Chain: the detailsRobinhood Chain is Robinhood's own blockchain, a layer 2 on Ethereum built with Arbitrum. Its explorer is robinhoodchain.blockscout.com and its chain ID is 4663.
- How to buy a Steam gift card with cryptoSteam stopped taking bitcoin in 2017, so you buy a Steam Wallet code from a gift card seller that takes crypto, then redeem the code on Steam.
- What USDG isUSDG is Global Dollar, a stablecoin issued by Paxos. One USDG is meant to be worth one US dollar and can be redeemed for one through Paxos.