Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: CryptoBun on January 08, 2025, 07:03:43 PM
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Performing on-chain transactions can be frustrating, especially when you need gas fees. For instance, I have Ethereum and Polygon in my wallet, but a colleague sent me USDT on the Solana network. Now I’m thinking about how to swap USDT to Solana when I don’t have SOL for gas fees. I had to find an alternative. That’s when I came across Getgas, a new gas fee payment solution that allows you to make transactions easily by using BGB as gas fees, without the need for chain-specific fees.
As a trader, I would say Getgas could be an excellent solution to tackle constant issues like this. Swapping was very easy simply because I held BGB in my wallet. This could be an added utility for the token. What do you think about this new approach to gas fee payments?
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Interesting though, it can be useful for someone who deals with multiple tokens from different chain.
But it's not yet released, and only announced by the Bitget recently so not sure how long it will take and then only we can know what's the catch in it after using it.
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But it's not yet released, and only announced by the Bitget recently so not sure how long it will take and then only we can know what's the catch in it after using it.
Yeah there’s always a catch in stuffs like this. For a technology like this, it might seem like the safe haven for the crypto community now, but how about in a few years to come, what’s gonna be the case. And since it’s still not in effect right now, we still do not know how it really works, and until then and everyone is using the system without any complaints, we can’t really say for sure that it’s actually the safe haven as it appears to be.
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The idea behind this Getgas can be very useful and I am hoping it can be implemented very soon and can be picked up by other players as well so they can come up with similar options. I know how frustrating it can be dealing with transaction fee if you are involved with different crypto network...and it would really be a lot convenient if there can be a universal gas that can be applied to all networks so that there can be less hassles when we conduct exchanges and transactions in all channels. And I am even surprised that it took so long before anyone recognized this problem and do something about it. I am hoping the developers can iron out this particular idea and really make it work for the market to use.
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Rabby wallet did something similar earlier than BitGet, so it's not new thing per se: https://x.com/Rabby_io/status/1833117731412984014?lang=en
But it's not yet released, and only announced by the Bitget recently so not sure how long it will take and then only we can know what's the catch in it after using it.
Why should there be a catch? It might bring new users to Bitget wallet, that's profit in itself.
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Interesting though, it can be useful for someone who deals with multiple tokens from different chain.
But it's not yet released, and only announced by the Bitget recently so not sure how long it will take and then only we can know what's the catch in it after using it.
As someone that interacts with Defi alot, this could save the stress of having multiple tokens for gas on different chain ahah. I hope they pull it off, it'll be quite cool, plus an added utility for Bgb. Let's wait and see .
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Why should there be a catch? It might bring new users to Bitget wallet, that's profit in itself.
It's probably like they only allow the gas fee from their own token/coin which will increase it's price so on the whole the price of gas fee almost same or even higher compared to paying in it's native chain but when there's convenience there is high chance that we could be paying more than what we supposed to do.
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Rabby wallet did something similar earlier than BitGet, so it's not new thing per se: https://x.com/Rabby_io/status/1833117731412984014?lang=en
But it's not yet released, and only announced by the Bitget recently so not sure how long it will take and then only we can know what's the catch in it after using it.
Why should there be a catch? It might bring new users to Bitget wallet, that's profit in itself.
I don’t see any issues here if this brings new users. Gas fee issues have been around for so long and the solution this Getgas will provide is worth it in my opinion. If new users get onboard at least that can be rewarding to the developers.
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Interesting though, it can be useful for someone who deals with multiple tokens from different chain.
But it's not yet released, and only announced by the Bitget recently so not sure how long it will take and then only we can know what's the catch in it after using it.
Exactly…it will be very useful. I think it will be released very soon though and I’m certain it will be outstanding.
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As a trader, I would say Getgas could be an excellent solution to tackle constant issues like this. Swapping was very easy simply because I held BGB in my wallet. This could be an added utility for the token. What do you think about this new approach to gas fee payments?
So you are saying we can pay a fee in BGB for any swap, like for any network to any other network too, and we can do bridges and swaps both on BGB or what? Well if this is really possible, then it will save a lot of headaches but most of the time, airdrop hunters need to bridge and swap on specific wallets with specific amounts I don't think they should prefer it while making on-chain transactions because this way they can't be eligible for any future rewards.
Thanks for sharing this I will keep it in mind while making my next swap and it also increases the use case of the BGB token and I recently bought it too and I never monitored it before but even in big dumps like this, BGB is still not that volatile. I am not trying to promote this token just shared my opinions on it.
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It sounds complicated, because there are so many popular blockchain networks today, and I'm still confused about the mechanism, how can this happen...
So far I have filled my coin balance to make GAS payment transactions by making purchases on the exchange... yes, this does take a little longer and sometimes I have to pay a withdrawal fee, but my consideration is an old-school consideration where I have to be able to calculate the profit margin if I use gas fees from the exchange....
At least the method I use does not really threaten the security of my wallet... for Getgas, I'm still waiting for further information, because the feature has not been launched.
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I remember using a platform where you can pay with their native tokens, but not for bridging. I don't remember if they plan to do so and compete with this. Based on their explanation, it seems this solution can be much more expensive depending on your transactions[1]. It's understandable if they need to convert your token to another chain for the gas fee, but being 2x more expensive can be a dealbreaker to some people. At the end of the day, it depends on how much are people willing to pay. I'm not sure if this is based on ERC-4337 or not like Biconomy Paymaster. CMIIW.
[1] https://web3.Bitget ( Bitget warning (https://www.altcoinstalks.com/index.php?topic=329791.0) )/en/academy/getgas
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Performing on-chain transactions can be frustrating, especially when you need gas fees. For instance, I have Ethereum and Polygon in my wallet, but a colleague sent me USDT on the Solana network. Now I’m thinking about how to swap USDT to Solana when I don’t have SOL for gas fees. I had to find an alternative. That’s when I came across Getgas, a new gas fee payment solution that allows you to make transactions easily by using BGB as gas fees, without the need for chain-specific fees.
really interesting because it has always been such a problem for me because like you said we often need to hold a specific coin or token on a specific blockchain but what if we do not really intend to hold it and we only need a few for the gas fee? it is such a hassle to buy especially when some platforms have a minimum amount of token or coin you have to buy which is most often than not a lot higher than what we usually need for gas fees
As a trader, I would say Getgas could be an excellent solution to tackle constant issues like this. Swapping was very easy simply because I held BGB in my wallet. This could be an added utility for the token. What do you think about this new approach to gas fee payments?
it is really interesting and i am excited to check it out and see what possibly could be the cons here since you have only mentioned its benefits i do wonder if it this is a promotion or not i can't tell lol if it is this is probably not the right board to post this on
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Performing on-chain transactions can be frustrating, especially when you need gas fees. For instance, I have Ethereum and Polygon in my wallet, but a colleague sent me USDT on the Solana network. Now I’m thinking about how to swap USDT to Solana when I don’t have SOL for gas fees. I had to find an alternative. That’s when I came across Getgas, a new gas fee payment solution that allows you to make transactions easily by using BGB as gas fees, without the need for chain-specific fees.
really interesting because it has always been such a problem for me because like you said we often need to hold a specific coin or token on a specific blockchain but what if we do not really intend to hold it and we only need a few for the gas fee? it is such a hassle to buy especially when some platforms have a minimum amount of token or coin you have to buy which is most often than not a lot higher than what we usually need for gas fees
As a trader, I would say Getgas could be an excellent solution to tackle constant issues like this. Swapping was very easy simply because I held BGB in my wallet. This could be an added utility for the token. What do you think about this new approach to gas fee payments?
it is really interesting and i am excited to check it out and see what possibly could be the cons here since you have only mentioned its benefits i do wonder if it this is a promotion or not i can't tell lol if it is this is probably not the right board to post this on
Lol not at all is this a promotion….i thought to share it when i realized how much solution it will provide since this issue is very common. When i came across it, i felt it was long overdue. We’ll get to see what it has in store over the course of time.
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It sounds complicated, because there are so many popular blockchain networks today, and I'm still confused about the mechanism, how can this happen...
So far I have filled my coin balance to make GAS payment transactions by making purchases on the exchange... yes, this does take a little longer and sometimes I have to pay a withdrawal fee, but my consideration is an old-school consideration where I have to be able to calculate the profit margin if I use gas fees from the exchange....
At least the method I use does not really threaten the security of my wallet... for Getgas, I'm still waiting for further information, because the feature has not been launched.
I think it’s quite straightforward, from what i discovered so far BGB will serve as a universal token for all transactions on any blockchain network once Getgas is launched.
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As a trader, I would say Getgas could be an excellent solution to tackle constant issues like this. Swapping was very easy simply because I held BGB in my wallet. This could be an added utility for the token. What do you think about this new approach to gas fee payments?
So you are saying we can pay a fee in BGB for any swap, like for any network to any other network too, and we can do bridges and swaps both on BGB or what? Well if this is really possible, then it will save a lot of headaches but most of the time, airdrop hunters need to bridge and swap on specific wallets with specific amounts I don't think they should prefer it while making on-chain transactions because this way they can't be eligible for any future rewards.
Thanks for sharing this I will keep it in mind while making my next swap and it also increases the use case of the BGB token and I recently bought it too and I never monitored it before but even in big dumps like this, BGB is still not that volatile. I am not trying to promote this token just shared my opinions on it.
Yes it can be used as gas fee, for any transaction whatsoever. Being used as a universal token will definitely add to its value, increasing its stability also.
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As a trader, I would say Getgas could be an excellent solution to tackle constant issues like this. Swapping was very easy simply because I held BGB in my wallet. This could be an added utility for the token. What do you think about this new approach to gas fee payments?
So you are saying we can pay a fee in BGB for any swap, like for any network to any other network too, and we can do bridges and swaps both on BGB or what? Well if this is really possible, then it will save a lot of headaches but most of the time, airdrop hunters need to bridge and swap on specific wallets with specific amounts I don't think they should prefer it while making on-chain transactions because this way they can't be eligible for any future rewards.
Thanks for sharing this I will keep it in mind while making my next swap and it also increases the use case of the BGB token and I recently bought it too and I never monitored it before but even in big dumps like this, BGB is still not that volatile. I am not trying to promote this token just shared my opinions on it.
That's the idea, someone shared full details about it, it's a good read though, you can do that. The issue of gas fees still persists despite good innovations in the crypto space and if a multichain solution solves it, that'll be genius aahaha. Yeah Bgb has really done well NGL, Despite the recent BTC drop, it's not as volatile as the rest, not surprising though giving its utilities. Similar to SUI, APT, BNB. Let's keenly observe how this innovation unfolds.