Understand how to transfer assets from Custodial Wallets (Web3 Wallets) in Cobo Portal, streamlining your digital asset management.
ETH
), Sepolia Testnet (SETH
), and Scroll Mainnet (SCROLL_ETH
)Parameter | Definition |
---|---|
Max priority fee | The priority fee, often referred to as the ‘miner tip,’ serves as an incentive for miners to prioritize your transaction. The max priority fee represents the highest amount of miner tips you are willing to pay for your transaction. |
Max fee | The max fee represents the total gas price you are willing to pay for your transaction. |
Gas limit | The gas limit represents the max number of gas units you are willing to pay for the execution of a transaction or Ethereum Virtual Machine (EVM) operation. Different operations require varying quantities of gas units. |
Parameter | Definition |
---|---|
Gas price | The gas price represents the amount of ETH (in a smaller unit known as gwei) that must be paid to validators for processing transactions. |
Gas limit | The gas limit represents the max number of gas units you are willing to pay for the execution of a transaction or Ethereum Virtual Machine (EVM) operation. |
Parameter | Definition |
---|---|
Fee rate | The fee rate is calculated in satoshis per unit of data that your transaction will consume on the blockchain, abbreviated as sats/vByte. |
base fee + (CU price * CU limit)
.
Parameter | Definition |
---|---|
Compute unit price | The fee paid per compute unit to prioritize a transaction. It is specified in lamports. |
Compute unit limit | The maximum number of compute units the transaction is allowed to consume. A higher value may increase priority but results in higher fees. |
min(gas fee cap, base fee + gas premium) * gas limit
.
Parameter | Definition |
---|---|
Gas fee cap | The maximum fee per gas unit you are willing to pay. The final effective fee per unit is capped at this value. |
Gas premium | A tip paid to incentivize block producers to prioritize your transaction. |
Gas limit | The maximum gas amount the transaction is allowed to consume. |