GAS PRICE

[rezurect]

Yes, gas is just the fee you pay for having your transactions sent. Go to https://ethgasstation.info to see optimal gas prices in real time.

[Anita1873]

It is cost of your transaction, it is paying by you for every transaction whether it is fail or succeeds.there was a problem in ethereum platform in transactions some days ago due to cryptokitties games, now that is over and again transaction succeeds smoothly to pay some more gas limit. if you set the 8 Gwei gas price and 21000 gas limit than your transaction cost will be approx 0.000168 Ether ($0.12).

[ruhvix]

Ethereum is the network, also known as the blockchain. Ether (ETH) is the fuel for that network. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in Gas and gas is paid in ETH.

You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction (compute) and therefore you must pay for that computation just like you would pay for a successful transaction.

You can see your TX fee (gas limit * gas price) in ETH & USD when you search for your transaction on etherscan.io. This is not a TX fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, putting them into blocks, and securing the blockchain.

[zlowx]

what is gas price?

Gas price is you need to make a transaction in ethereum because it is like a fee to be able to transfer, deposit or withdraw tokens to different addresses in ethereum.

[Muhammad Muneeb]

what is gas price?

50 gwei would be best at the moment if you want to move your tokens. i personally use 50 gwei gas for my transactions.