What is the BNB in my Wallet?

Explaining Auto Fueling and Gas Fees

Understanding gas fees and our Auto Fueling feature is essential for a smooth trading experience on X4T. We've created this guide to demystify these aspects, making it easier for you to trade without any hiccups.


What Exactly Are Gas Fees?

In simple terms, gas fees are small payments that facilitate your transactions on a blockchain network. Think of them as toll charges that you pay to get your transaction processed. Without them, your transaction could get stuck in a traffic jam, clogging up the network.


Why Do You Need to Care About Gas Fees?

Here’s why gas fees are more than just a cost:

Swift Transactions: Higher gas fees can speed up your transaction as it becomes a priority for miners.
Secure Network: Gas fees act like a security deposit, deterring bad actors from spamming the network.
Sustained Decentralization: Gas fees reward the validators of transactions, helping the network stay decentralized.


How Does X4T's Auto Fueling Simplify Your Life?

We, at X4T, know how tedious it can be to constantly manage gas fees. That's why we’ve automated the process for you. Here’s how:


Initial Allocation: When you join X4T, we allocate a nominal amount of Binance Coin (BNB) to your wallet solely for covering gas fees.
Automated Payments: Each time you trade or transact on X4T, we automatically deduct the necessary BNB from this allocation to cover the gas fees. It’s seamless and automatic!
Auto Replenishment: Running low on allocated BNB? Don't sweat it. We automatically top-up your wallet so you can trade without any interruptions.
Limitations on Withdrawing Allocated BNB


Remember, the BNB allocated for gas fees is non-withdrawable, as it ensures your transactions are processed smoothly.


What About Investing in BNB?

If you're holding additional BNB in your wallet as an investment, you can withdraw that at any time. The only amount that remains locked is the portion allocated for gas fees, which is usually a very small amount.


In Conclusion

Gas fees and Auto Fueling are pivotal for a frictionless crypto experience. At X4T, we strive to handle these complexities for you, so you can focus on what really matters - trading and investing in cryptocurrencies. If you still have questions, our support team is always ready to assist.

Updated on: 30/07/2024