#GasFeeImpact
GasFeeImpact refers to the impact that gas fees have on trading decisions. High gas fees can impact a trader’s profitability, especially on a busy blockchain network like Ethereum.¹
Here are some ways that gas fees can impact trading decisions:
- *High Transaction Fees*: High gas fees can make trading unprofitable, especially for traders who trade frequently.
- *Long Confirmation Times*: Low gas fees can lead to longer transaction confirmation times, as those transactions are not prioritized by miners.
- *Changed Trading Strategy*: High gas fees can lead a trader to change their strategy, such as using a cheaper blockchain network or reducing their transaction frequency.
In the context of trading, understanding gas fees and their impact on trading decisions is essential to achieving maximum profits.
