CRYPTO GLOSSARY

Gwei

The unit Ethereum gas prices are quoted in. One gwei is a billionth of an ETH.

Gwei in more detail

Prices are quoted in gwei. One gwei is a billionth of an ETH. With a base fee of 10 gwei and a tip of 2 gwei, a simple transfer costs 21,000 × 12 = 252,000 gwei, or 0.000252 ETH.

FROM LESSON 32 · 4 MIN READNetwork fees and gasEvery blockchain transaction pays a fee to the network. Learn how Bitcoin fees and Ethereum gas are calculated and how to avoid overpaying.Read the lesson

All 128 terms · Checked against the lesson's sources on 8 October 2026.

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