While the development of more extensive Multi Blockchain Transactions greatly enhanced the transfer of digital assets, the introduction of gas prices has been a major stumbling point. Gas payments on each network need their own native token, which adds extra complexity for users. Making sure they have the right tokens for each chain is an additional responsibility they have to deal with.
Day traders also face the significant challenge of gas fees. To keep up with the gas fees on each blockchain, users who frequently switch between various tokens on different networks and exchanges must keep track of several tokens. This method is complicated, and day traders risk making mistakes or losing out on possibilities.
This problem has become a major roadblock to the widespread adoption of Web3, particularly for new users unfamiliar with the intricacies of multi-chain transactions. In response to this need, Bitget Wallet has launched GetGas, a platform for managing and streamlining transactions across many chains.
GetGas Easy MultiChain Transactions with Stablecoins
You can deposit popular stablecoins like USDT, USDC, and BWB into a dedicated account on GetGas. Ethereum, Solana, BNB Chain, Base, Polygon, and other blockchains use these funds to cover gas fees. Using a single account balance for all transactions eliminates the need to juggle different native tokens for each network.
Take the case of a user who wishes to transfer assets on Solana after exchanging tokens on Ethereum. Normally, you’d have to keep ETH and SOL on hand to pay for the gas fees on each network. GetGas eliminates this hassle, enabling users to complete transactions with just their stablecoin balance.
Bitget Wallet’s multi-chain ecosystem supports over 100 blockchains and millions of digital assets; GetGas integrates with it, adding to its usability. By connecting their GetGas accounts to their wallets, users can make instantaneous purchases regardless of the supply of gas tokens. Thanks to its user-friendly design, this system is perfect for both casual users and those who trade frequently.
GetGas Simplifies Stablecoin Blockchain Transactions
The adoption of Multi Blockchain Transactions is dependent on how simple it is to use. Even seasoned users may find it difficult to manage gas tokens due to the system’s complexity, discouraging newbies. Products such as GeGas streamline these exchanges by providing a single method for paying gas fees. It takes on one of the biggest problems with using Web3 and fixes it head-on.
Compatibility with EVM-based addresses is another feature that contributes to convenience. Due to their reliance on individual gas tokens, EVM-based addresses have some limitations. To finish a transaction on Ethereum, a user may still require ETH, even if their funds are in stablecoins. A solution to this problem is GetGas, which accepts stablecoins as payment for gas.
Bitget Wallet has put gas vouchers in place to simplify the service further. You can earn them by participating in the Reward Center and then using them to pay your transaction fees. These certificates are a useful method to save money and have a better experience for consumers who make many purchases.
GetGas Simplifying Gas Fees for Web3
The possibilities of blockchain technology and decentralization are clear, considering the rapid acceptance of cryptocurrency in 2024, even by large-scale financial institutions. However, significant obstacles such as gas taxes and interoperability still prevent widespread implementation. Retail customers, developers, and traders may benefit from an intuitive solution like GetGas, which greatly enhances user experiences.
While Bitget Wallet Lite’s Swap functionality revolutionises multi-chain trade on Telegram, GetGas focuses on streamlining gas fees. Automated slippage adjustments, MEV protection, and adjustable gas taxes are all part of this functionality, which is compatible with major blockchains. Improved safety features allow users to trade more effectively. All of these changes show that Web3 is becoming more user-friendly and accessible.
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