What is the recommended gas limit for using Metamask in cryptocurrency transactions?

3 answers

• Dec 18, 2021 · 3 years ago
  The recommended gas limit for using Metamask in cryptocurrency transactions depends on the complexity of the transaction. Generally, a gas limit of 21000 is sufficient for simple transactions like sending Ether. However, if you're interacting with a smart contract or performing a more complex operation, you may need to increase the gas limit accordingly. It's important to set an appropriate gas limit to ensure that your transaction gets processed on the blockchain without running out of gas.
  496248
• Dec 18, 2021 · 3 years ago
  When using Metamask, the gas limit is the maximum amount of gas you're willing to spend on a transaction. Gas is a unit used to measure the computational effort required to execute a transaction on the Ethereum network. Setting a higher gas limit ensures that your transaction has enough computational resources to complete successfully. However, setting it too high may result in unnecessary fees. It's recommended to check the current gas prices and set a reasonable gas limit based on your transaction's complexity and urgency.
  530177
• Dec 18, 2021 · 3 years ago
  As an expert at BYDFi, I recommend setting the gas limit based on the specific transaction you're performing. For simple transactions like sending Ether, a gas limit of 21000 is usually sufficient. However, if you're interacting with a smart contract or performing a more complex operation, you may need to increase the gas limit accordingly. It's important to note that setting a higher gas limit will result in higher transaction fees. Therefore, it's crucial to find the right balance between ensuring your transaction gets processed and minimizing costs.
  558140