Gas fees are what you pay to the blockchain network (like Ethereum) to process your transactions. These fees change based on how busy the network is at the time.
Veera doesn’t control these fees, but it shows you the current prices so you can choose the best time to make your transaction.
Moving assets between different blockchains often means paying gas fees on both chains. Veera supports these transfers and will let you know about any fees involved beforehand
If you interact with decentralized apps (DApps) through Veera, you might see extra fees. These come from the DApp or the network it’s on, and Veera will show you any costs upfront before you proceed.
Slippage refers to the difference between the expected price of a transaction (like swapping tokens) and the actual price at which it gets executed. This often occurs due to price changes between the time you initiate the transaction and the time it is confirmed on the blockchain.
Here are some key points about slippage:
Why It Happens: In fast-moving markets, especially when trading tokens with low liquidity or during times of high volatility, prices can change quickly. By the time your transaction is processed, the price may be slightly higher or lower than when you started.
Impact on Trades: If slippage is too high, it can result in a less favorable trade. For example, if you're swapping tokens and the price changes too much during the transaction, you might end up with fewer tokens than you expected.
How to Manage It: Many wallets, including Veera, allow you to set a "slippage tolerance" – the maximum percentage of price change you're willing to accept for your trade. If the slippage exceeds this tolerance, the transaction will fail instead of proceeding at a worse price.
In short, slippage is a natural part of trading in decentralized markets, especially when dealing with volatile assets or low-liquidity tokens. By setting slippage tolerance, you can control how much price difference you're willing to accept.
Unfortunately, orders cannot be cancelled after they are placed. If your transaction fails for any reason, the funds will be refunded to your bank account.
Need more help? Create a ticket here.
Currently gas limit can not be changed on Veera. You would be notified about the current gas fee while placing an order.
The blockchain has to validate transactions for Bitcoin, Ethereum, and ERC20 before they show up in your wallet. To view its current status, go to the transaction list of your account on Veera.
You can view the detailed status of your transaction on the respective block explorers.