Understanding Gas Fees

• What Are Gas Fees?: Gas fees are transaction fees paid to miners/validators to process transactions on a blockchain.
• Ethereum: High gas fees due to network congestion.
• Binance Smart Chain (BSC): Lower gas fees compared to Ethereum.
• Solana: Very low gas fees, ideal for frequent trading.

How to Optimize Gas Fees

• Choose the Right Time: Gas fees are lower during off-peak hours.
• Use Layer 2 Solutions: Consider using Layer 2 networks like Polygon for lower fees.
• Adjust Gas Price: Use tools like MetaMask to set a custom gas price.

Understanding Slippage

• What Is Slippage?: Slippage is the difference between the expected price and the actual price of a trade.
• How to Set Slippage:
  • Low Slippage (1-2%): For stable coins or high-liquidity pairs.
  • High Slippage (5-10%): For low-liquidity meme coins.

How to Optimize Slippage

• Check Liquidity: Use DexScreener or DexTools to check liquidity before trading.
• Set Slippage Tolerance: Adjust slippage settings on DEXs like Uniswap or PancakeSwap.
• Avoid High Slippage: High slippage can lead to significant losses, especially with low-liquidity coins.