1/ How to save money on gas fees as an NFT creator. A thread ⬇
2/ Start with using a wallet that easily lets you customize gas fees. Use MetaMask, avoid wallets like Fortmatic.
3/ Get a feeling for gas prices. Regularly check http://gasnow.org  and http://txstreet.com  and you will learn it fast.
4/ Know that DeFi people want to do urgent transactions and thus bid high prices. Minting an NFT is usually not urgent so don't compete with the DeFi degens.
5/ Start experimenting with custom gas prices. Know it will take more time the lower you set the gas price. Just adjust the gas price, never adjust the amount of gas used or your transaction will fail.
6/ For me in the last days/weeks, transactions at 102 gwei usually took 20min to 120min. 93 gwei usually not longer than 24h. I never went above 111 and thus saved like 50% on most mints.
7/ Be aware that no new transaction can go through while you still have pending transactions in your account.
8/ You can always speed up transactions later in MetaMask. Make sure to bid at least 10% more gwei.
9/ If you want to cancel a transaction because it takes too long you can do so through the MetaMask interface. If you set the price extremely low you'll have to do it manually by sending an empty transaction to yourself with a higher gas price and the same nonce.
10/ For this, just google for "How To “Cancel” Ethereum Pending Transactions?" and read the article by Etherscan.
11/ Have fun saving your precious ETH! Thanks to @Loopifyyy who inspired this format. Hope it will help some of my creator friends @TwerkyPepe @CryptoSushis @PlanetsCrypto @Dan_Orsini @NotRealAI
You can follow @AaruCrypto.
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