Cryptocurrency buy and sell services are provided, where applicable, by MoneyAmber UAB (registered in Lithuania, incorporation number 305963633), MoneyMaple Tech LTD. (registered in Canada under incorporation number BC1306168, MSB registration number: M21565803), MoneySwap OÜ (registered in Estonia under incorporation number 14461101, License number: 14461101) Fiat pay-in and pay-out services are provided by MoneyTea LTD (operating under the laws of England and Wales, registered in the FCA as PSD Agent (FCA Reference number: 850523) of Cauri LTD, an authorized Payment Institution with FCA firm reference number: 683817) IBAN services are provided by Monetley, operating under the laws of England and Wales, registered in the FCA as Electronic Money Institution (EMI) (FCA Reference number: 900921). Be aware of scams: Mercuryo provides its services only via mercuryo.io and the official mobile application. Mercuryo is not affiliated with any other similar website domains and is not responsible for any acts taken by their owners.
As a seasoned expert in the field of cryptocurrency and financial services, my comprehensive knowledge extends across various aspects of the industry. Over the years, I've closely followed the evolution of cryptocurrency buy and sell services, regulatory frameworks, and the integration of traditional financial instruments with digital assets.
Let's delve into the information provided in the article, breaking down the key concepts and entities mentioned:
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MoneyAmber UAB:
- Location: Registered in Lithuania.
- Incorporation Number: 305963633.
- This entity is involved in providing cryptocurrency buy and sell services.
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MoneyMaple Tech LTD:
- Location: Registered in Canada.
- Incorporation Number: BC1306168.
- MSB Registration Number: M21565803.
- This company is engaged in offering cryptocurrency buy and sell services.
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MoneySwap OÜ:
- Location: Registered in Estonia.
- Incorporation Number: 14461101.
- License Number: 14461101.
- This entity is involved in providing cryptocurrency buy and sell services.
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MoneyTea LTD:
- Location: Operating under the laws of England and Wales.
- Regulatory Status: Registered in the FCA as PSD Agent.
- FCA Reference Number: 850523.
- This company offers fiat pay-in and pay-out services and operates as a PSD Agent of Cauri LTD, which is an authorized Payment Institution with FCA firm reference number 683817.
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Monetley:
- Location: Operating under the laws of England and Wales.
- Regulatory Status: Registered in the FCA as an Electronic Money Institution (EMI).
- FCA Reference Number: 900921.
- Monetley provides IBAN services.
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Mercuryo:
- Location: Not explicitly mentioned, but it provides services via mercuryo.io and the official mobile application.
- Caution: Users are warned to be aware of scams and informed that Mercuryo provides its services only through its official website and mobile application.
- Disclaimer: Mercuryo explicitly states that it is not affiliated with any other similar website domains and is not responsible for any actions taken by their owners.
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Policies:
- Cookies Policy: The article mentions a cookies policy, emphasizing the importance of user privacy and data protection.
- Terms of Service: Likely includes the terms and conditions users must adhere to when using the services.
- Privacy Policy: Pertains to how user information is handled and protected.
- Referral Program TOS: Specifies terms of service related to the referral program, if applicable.
In conclusion, the information provided in the article highlights the international scope of these financial entities, their regulatory compliance, and the emphasis on user security and protection against scams. It is crucial for users to exercise caution, use official platforms, and adhere to the stated terms and policies for a secure and reliable experience in the cryptocurrency and financial services offered by these entities.
FAQs
Gas fees in Ethereum transactions are determined by three key components: gas price, gas limit, and transaction cost. Gas Price: This is the amount you are willing to pay per unit of gas, typically measured in gwei (1 gwei = 0.000000001 ETH). The gas price fluctuates based on network demand.
How much Ethereum do I need for gas fees? ›
By default, the minimum gas unit you must spend on any Ethereum transaction is 21,000. So, let's suppose Alice is sending 5 ETH to Bob. The gas unit is 21,000 by default and Alice chooses to pay 300 gwei per unit based on the current network conditions.
How do I monitor Ethereum gas fees? ›
If you are on Ethereum mainnet you can check Etherscan's gas tool to estimate today's gas price. Please note the gas price fluctuates; always refer to the gas station to see the current gas prices. The Ethereum network requires gas to execute transactions.
How do I avoid gas fees on ETH? ›
7 Tips To Avoid Ethereum Gas Fees
- Optimize the transaction timing. ...
- Take advantage of rebate offers. ...
- Choose transaction type carefully. ...
- Monitor network congestion to avoid delays. ...
- Benefit from gas tokens. ...
- Calculate payable gas fees beforehand. ...
- Switch to Ethereum 2.0.
Ethereum Average Gas Price is at a current level of 13.64, up from 11.85 yesterday and down from 35.48 one year ago. This is a change of 15.08% from yesterday and -61.56% from one year ago.
How do I calculate my Ethereum gas fee? ›
Gas fees are calculated by multiplying the gas price by the gas limit. So, if the gas limit is 20,000 and the price per unit is 200 gwei, the fee would be 20,000 * 200 = 4,000,000 gwei or 0.004 ETH. You can also add a tip if you want validators to prioritize your transaction.
How to know when ETH gas fees are low? ›
Ethereum gas prices vary a lot, even from one hour to another. Statistically, it's been shown that the lowest gas prices can be found in the mornings and on the weekends.
Who pays Ethereum gas fees buyer or seller? ›
'Tips' are the priority fees paid to fasten a transaction, which is set automatically by hot wallets. If one transacts on OpenSea using the Ethereum blockchain, the process is similar. Buyers pay gas fees while purchasing fixed price items while sellers pay the gas when accepting offers.
How do I reduce gas fees on Ethereum plan? ›
The core of the Dencun upgrade is the EIP-4844 proposal, which introduces additional Blob data storage space to reduce the data storage costs of L2 (data storage costs previously accounted for over 90% of L2 transaction gas fees), thereby reducing the gas fees of Ethereum L2, rather than directly reducing the gas fees ...
Are ETH fees high right now? ›
Ethereum Average Transaction Fee is at a current level of 1.301, up from 0.9521 yesterday and down from 1.352 one year ago. This is a change of 36.66% from yesterday and -3.76% from one year ago.
When the network is busy, such as during peak usage times, gas fees can increase due to heightened competition for block space. Transactions involving complex smart contracts typically incur higher fees because they require more computational resources to execute.
What happens if an ETH transaction runs out of gas? ›
Without sufficient funds to pay for the gas fee, the transaction cannot be processed and added to the blockchain. In such cases, you would need to ensure you have enough Ethereum in your wallet to cover the gas fee before attempting to send a transaction.
Is it cheaper to send ETH or USDT? ›
Is it cheaper to send ETH or USDT? It depends on the network congestion and the blockchain used for the transaction. Sending USDT on networks with lower fees, like Tron's TRC20 or Binance Smart Chain (BEP-20), can be cheaper than sending ETH, especially during peak times on the Ethereum network.
How to monitor Ethereum gas fees? ›
It doesn't have to be—plenty of online tools are dedicated to tracking gas prices on the Ethereum platform. A few of the top gas fee monitoring tools include Etherscan, ETH Gas Station, and GasNow.
How much does it cost to transfer Ethereum between wallets? ›
As of 17 July 2024, at 01:59, the current fee structure on the Cropty wallet for Ethereum (ETH) stands thus - mean withdrawal fee is 0.000265 ETH (≈0.92$) , while for minimum and maximum fees today are 0.000143 ETH (≈0.5 $) and 0.00039 ETH (≈1.35 $) respectively.
What is the minimum gas fee for Ethereum? ›
An ETH transfer requires 21,000 units of gas, and the base fee is 10 gwei.
How much gas does ERC 20 token cost? ›
The gas limit (units of gas used)
A normal transaction sending ETH or a token normally costs 21,000 gas, whereas an ERC-20 token approval requires 45,000. Many networks, such as EVM-compatible blockchain Harmony, use an identical model in which standard transactions also cost 21,000 gas.
What is the gas fee for ETH transaction? ›
This transaction fee can vary widely (from less than USD 0.0001 to over USD 100) and depends on the blockchain you're using and its current demand for block space.
Do you pay gas fees when selling ETH? ›
Buying, selling, and trading crypto gas fees
So whenever you buy, sell, or trade crypto on the Ethereum blockchain and pay a gas fee - you can add this to your cost base.
Will ETH gas fees ever go down? ›
The overall effect should be lower costs, but users on the main blockchain (L1) won't enjoy these lower fees until at least 2026–2027, says Pitchbook's crypto analyst Robert Le, until there is “full danksharding,” referring to a roll-up scaling method which provides extra storage for increased transactional capacity.
