What is a Priority Fee?
A Priority Fee is an additional fee paid to blockchain validators to prioritize your transaction. Higher priority fees increase the likelihood of your transaction being processed faster, especially during times of high network activity.
Priority Fee Options
Normal
Use Case: For transactions that are not time-sensitive, such as portfolio adjustments or routine trades.
Cost: Lowest fee among the three options.
Speed: May take longer to confirm, especially during high network activity.
Fast
Use Case: For transactions that you’d like to process quickly but don’t require immediate confirmation.
Cost: Moderate fee, balancing speed and cost.
Speed: Faster than Normal, but not as expedited as Urgent.
Urgent
Use Case: For critical transactions, such as buying or selling tokens during a market event where speed is crucial.
Cost: Highest fee for priority processing.
Speed: Your transaction is prioritised and processed as quickly as possible.
How to Set Priority Fee
Navigate to the Settings Page.
Select the Trade section from the top navigation bar.
Locate the Priority Fee option.
Choose between Normal, Fast, or Urgent depending on your needs.