#GasFeeImpact GasFeeImpact refers to the impact of gas fees on trading decisions. High gas fees can impact a trader's profits, especially on a busy blockchain network like Ethereum.¹
Here are some ways gas costs 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 cause transaction confirmation times to be longer as miners do not prioritize those transactions.
- *Changed trading strategy*: High gas fees can cause traders to change their strategy, such as using a cheaper blockchain network or reducing transaction frequency.
In the context of trading, understanding gas costs and their impact on trading decisions is critical to achieving maximum profits.