how to reduce trust wallet network fee

By adjusting gas price, using custom RPCs, sending smaller transactions, avoiding peak times, and switching networks, you can effectively reduce the network fees associated with using Trust Wallet.

Nov 01, 2024 at 07:34 pm

How to Reduce Trust Wallet Network Fee

Trust Wallet is a popular cryptocurrency wallet that allows users to store, send, and receive various digital assets. By default, the wallet sets a specific gas price for transactions, which determines the network fee required to process them. However, there are ways to reduce these fees and save on transaction costs.

Steps to Reduce Trust Wallet Network Fee:

1. Adjust Gas Price:

• Tap on "Settings" within the Trust Wallet app.
• Select "WalletConnect."
• Toggle on "Custom Gas Settings."
• Set the "Gas Price" to a lower value than the default.
• Note that lowering the gas price may delay transaction processing.

2. Use a Custom RPC:

• A custom RPC (Remote Procedure Call) can provide faster and cheaper transaction fees.
• Navigate to the "Settings" tab.
• Tap on "Network."
• Click on "Edit RPCs" and add a custom RPC provided by a reliable service.
• Switch to the custom RPC by selecting it from the dropdown menu.

3. Send Smaller Transactions:

• Dividing large transactions into smaller ones can reduce network fees.
• Instead of sending everything in a single transaction, split it into multiple smaller ones.
• Be aware that splitting may incur additional processing fees.

4. Avoid Peak Times:

• Network activity on the blockchain typically surges during peak hours.
• Send transactions during off-peak periods or late at night to lower fees.

5. Switch Networks:

• Different blockchain networks have different fee structures.
• If possible, consider using a network with lower gas prices for your transactions.

6. Check for Discounts:

• Some cryptocurrency exchanges and platforms offer discounts on transaction fees for high-volume users.
• Explore options to reduce fees through loyalty programs or by using affiliated services.

7. Optimize Smart Contract Calls:

• If you're interacting with smart contracts, optimize your code to reduce the amount of gas required.
• Use efficient data structures and gas-saving techniques.

Remember: Reducing gas fees may affect transaction time. Always consider the trade-off between speed and cost when optimizing your transactions.