Shege is a term used in Nigeria when people encounter unexpected situations.

Now you are wondering what my unexpected situation is with the trust wallet app.

It's a financial difficulty that requires that I pay some amount of money for a Gas fee for the Ethereum I received with the application.

What is a Gas Fee?

Gas fees are essentially transaction fees on the Ethereum blockchain, the network that powers many popular cryptocurrencies. These fees are used to compensate miners for the computational work they perform to validate and secure transactions.

Here is my experience, I encountered the harsh reality of gas fees firsthand. I had received some amount of Ethereum, and I wanted to withdraw it from my Trust Wallet.

However, when I attempted to do so, I was met with a gas fee that was nearly half the value of the Ethereum I had received!

This was a major setback, as I didn't have the funds to cover the gas fee. I was essentially trapped, unable to access my own money. In desperation, I reached out to an expert for help.

After a lot of searching, the expert was able to find someone willing to sell me Ethereum for the gas fee. However, due to the high demand and limited supply of Ethereum, it took several days to complete the transaction.

By the time I finally had the Ethereum to cover the gas fee, the value of Ethereum had increased again. This meant that I ended up spending more than half of the original amount I had received just to get my money out of my Trust Wallet.

This experience was a valuable lesson in the importance of understanding gas fees before using cryptocurrencies.

Here are some tips for avoiding a similar situation:

Educate yourself about gas fees: Before sending or receiving any Ethereum, make sure you understand the current gas fees and how they can fluctuate.

Choose a low-fee network: When possible, use a cryptocurrency network with lower gas fees, such as Polygon or Binance Chain.

Wait for network congestion to subside: If you can, avoid sending or receiving Ethereum during periods of high network congestion when gas fees are typically higher.

Consider using a centralised exchange: If you only need to withdraw a small amount of Ethereum, it may be more cost-effective to use a centralised exchange, which typically has lower gas fees.

The world of crypto is still in its early stages, and there are bound to be more bumps along the road.

By learning from our mistakes and sharing our experiences, we can help others avoid the same pitfalls and navigate the crypto landscape with confidence.

Have you had a similar experience before? Kindly share it in the comment section to help others.