noun

gas fee

GAS fee

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Gas fee (noun) means the charge paid to have a transaction processed and recorded on a blockchain, covering the computing work involved. It rises when the network is busy and is paid in that network's own currency. Example: “The gas fee cost more than the item she was trying to send.”

noun

The charge paid to have a transaction processed and recorded on a blockchain, covering the computing work involved. It rises when the network is busy and is paid in that network's own currency.

"The gas fee cost more than the item she was trying to send."

"He waited until the weekend, when gas fees were lower."

How to use gas fee

Learner’s notes

In plain EnglishThe charge you pay to get a blockchain transaction to go through.

When to use it

Most associated with Ethereum and networks modelled on it; other blockchains simply say "transaction fee". Often shortened to "gas": "gas is high today".

Memory tip

Gas is charged in the network's own currency, so on Ethereum you need some Ether in the wallet to move anything else, including tokens and NFTs.

Trace the full origin ↓

Easily confused with

exchange fee network fee gas limit gas price

Common pairings

high gas fees gas price gas limit pay the gas fee gas spike

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C2 · Advanced serendipity Fortunate discoveries made entirely by accident.

Gen Z slang rizz Charm — the ability to attract a romantic interest.

B2 · Intermediate empathy The capacity to share another person’s feelings.

C1 · Advanced nonchalant Casually calm and relaxed; unconcerned.

Internet slang delulu Delusional — believing something against the odds.

Etymology nostalgia Greek nostos “return home” + algos “pain”.

C2 · Advanced serendipity Fortunate discoveries made entirely by accident.

Gen Z slang rizz Charm — the ability to attract a romantic interest.

B2 · Intermediate empathy The capacity to share another person’s feelings.

C1 · Advanced nonchalant Casually calm and relaxed; unconcerned.

Internet slang delulu Delusional — believing something against the odds.

Etymology nostalgia Greek nostos “return home” + algos “pain”.

Test yourself on “gas fee” A quick quiz — meaning, synonyms & usage →

Fill the gap

Can you complete this real example?

The _____ cost more than the item she was trying to send.

Etymology

From gas in the sense of fuel, by analogy with the fuel a vehicle consumes: the amount of computing work a transaction uses is measured in units called gas.

Origin: English

Synonyms

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transaction fee network fee gas miner fee

Related words

air gas gun fuel blow liquid gasoline petrol

Rhymes for gas fee

ee see bee wee nee pee fee tee zee gee vee ree

See all rhymes for gas fee →

Frequently asked questions

Why are gas fees sometimes so high?

Space in each block is limited, so users effectively bid for it. When many people transact at once, the price needed to get included rises, and complicated transactions such as those involving smart contracts consume more gas than a simple transfer.

What is the difference between gas price and gas limit?

Gas measures how much computing work a transaction takes. The gas limit is the most work you are willing to pay for, and the gas price is what you pay per unit. Roughly, the fee is the gas actually used multiplied by the price.

Who receives the gas fee?

Part of the fee goes to whoever adds the transaction to the chain, the miners or validators who run the network. On some networks, including Ethereum, a portion of each fee is destroyed rather than paid to anyone.

What is the meaning of gas fee?

"gas fee" (noun) means the charge paid to have a transaction processed and recorded on a blockchain, covering the computing work involved. It rises when the network is busy and is paid in that network's own currency.

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