What are "Gas Limit", "Maximum Priority Fee", and "Maximum Fee"?

Article author
Nikola

The "Gas Limit" is the maximum amount of gas you are prepared to spend on this transaction.

The "Maximum Priority Fee" is the “miner tip” that incentivizes the miner/validator to prioritize your transaction. Most often, the value of the Maximum Priority Fee is the amount you end up paying.

The "Maximum Fee" is the total amount paid for this transaction (base fee + priority fee).

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