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How Is the Total Transaction Fee Calculated Using Gas?

Total transaction fee is calculated by multiplying the amount of gas consumed by the transaction by the current gas price.
Greeks.Live07.11.25

How Is the Total Transaction Fee Calculated Using Gas?

The total transaction fee is calculated by multiplying the amount of gas consumed by the transaction by the current gas price. Total Fee = Gas Used x Gas Price.

The gas price is typically denominated in Gwei (a small unit of Ether). The gas used is determined by the complexity of the smart contract execution or transaction.

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