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  • Electra Terminal Guide
    • 1.1 Connecting your EVM wallet
    • 1.2 BNB/ETH Gas Fees
    • 1.3 Deposits and Withdrawals
    • 1.4 1-Click Trading
    • 1.5 Notifications
    • 1.6 Electra Security & Audit Report
    • 1.7 Airdrop Checker FAQ
  • Electra Trading School
    • 2.1 What Are Perpetual Futures?
    • 2.2 Competitive Advantages of Electra for Perpetual Futures Trading
    • 2.3 Trading Fees on Electra
    • 2.4 Overview of Primary Order Types on Electra
    • 2.5 Futures Liquidation Protocols on Electra: Formula and Process
    • 2.6 How to Reduce the Risk of Liquidation on Electra
    • 2.7 Automatic Negative Balance Reset on Electra
    • 2.8 How to Adjust Leverage on Electra
    • 2.9 What Is Slippage?
    • 2.10 How to Use the Order History Feature on Electra
    • 2.11 Order Errors on Electra: Causes and Solutions
    • 2.12 Referral Program
  • Electra Tournaments
    • SQUAD Games Season 2
      • General Rules
      • How to Participate
      • Squad Formation
      • Squad Referral Links
      • Tournament Prizes
      • FAQs
    • SQUAD Games Season 1
      • Tournament Prizes
      • Tournament Schedule
    • PnL Challenge
  • Electra Liquidity Provider Pool
    • Introduction to ELPP
    • How ELPP Works
    • ELPP Tokens
    • Withdrawal System
      • Understanding Epochs
      • Timelock Calculation
      • Token Transfer Restrictions
      • Partial and Flexible Withdrawals
    • Collateralization
    • APY Calculation
    • Risks and Considerations
    • FAQ
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  1. Electra Terminal Guide

1.2 BNB/ETH Gas Fees

To ensure a smooth and hassle-free experience on the Electra platform, which operates on Binance Smart Chain (BSC) and Ethereum (ETH), you’ll need to have a small amount of BNB (for BSC) or ETH (for Ethereum) in your EVM wallet. These tokens are required for the following actions:

  • Deposits and withdrawals: All deposit and withdrawal operations on Electra are executed via smart contracts. A minimal network fee (gas fee) is needed for these transactions, paid in BNB/ETH.

  • Convenience: Electra is designed to provide fast and reliable transactions. With BNB/ETH, you can perform operations in just a few clicks without worrying about network speed or reliability.

  • Minimal cost: The required fee is very small - even a balance of 0.01 - 0.02 BNB/ETH is sufficient for multiple transactions.

How does it work?

  1. Add a small amount of BNB or ETH to your EVM wallet.

  2. When performing transactions on Electra, the network fee is automatically deducted from your balance.

  3. The entire process is optimized for your convenience - no delays, no complications!

1.2.1 Unique Transaction Processing System

Electra employs an advanced liquidity distribution algorithm, ensuring instant order execution even during periods of high network traffic. This allows users to complete trades quickly without missing favorable price opportunities.

1.2.2 Multi-Chain Token Support The Electra platform supports not only the standard BEP-20 for Binance Smart Chain but also other networks like Ethereum, Polygon, TON, and many more. This makes trading more accessible and flexible for users with assets across multiple blockchains.

1.2.3 Automatic Risk Management

Electra has integrated intelligent monitoring mechanisms that notify traders of critical margin changes, helping prevent potential liquidations. This enables users to manage their positions effectively without constant oversight.

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Last updated 2 months ago