Are there any fees associated with token approvals on Etherscan?

3 answers

• Mohamed MohyJan 01, 2023 · 3 years ago
  Yes, there are fees associated with token approvals on Etherscan. When you approve a token, you need to pay a small amount of Ethereum (ETH) as a gas fee. This fee is required to cover the cost of processing your transaction on the Ethereum network. The exact amount of the fee depends on the current network congestion and gas prices. You can check the estimated fee before approving the token on Etherscan to ensure you are comfortable with the cost.
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• lin leo leoDec 02, 2022 · 3 years ago
  Absolutely! Token approvals on Etherscan do come with fees. These fees are necessary to incentivize miners to process your transaction on the Ethereum network. The fee amount varies depending on the network congestion and gas prices at the time of approval. It's always a good idea to check the gas fee estimate before proceeding with the token approval to avoid any surprises.
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• Akila DinukMay 31, 2022 · 3 years ago
  Yes, there are fees associated with token approvals on Etherscan. When you approve a token, you'll need to pay a small fee in Ethereum (ETH). This fee is used to compensate the miners who validate and include your transaction in a block on the Ethereum blockchain. The fee amount can vary depending on the network conditions, so it's recommended to check the current gas prices before proceeding with the approval process. Keep in mind that these fees are not specific to Etherscan and are a standard part of using the Ethereum network.
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