Understand the difference in the amount of transfer of etherscan metamask
As an cryptocurrency enthusiast, you probably know the popular portfolios and platforms used to manage digital assets. Two of the most widely used are Metamask and Etherscan. In this article, we will immerse ourselves in the differences in Ethereum token transfer amounts when using these two services, specifically focusing on the metamasque transfer process.
The standard transfer process
When you buy an ERC-20 token on Uniswap using your large book account in the Metamask portfolio, you generally follow a standard transfer process:
- You launch the transfer by sending funds from your LEDGER account to the Ethereum network.
- The transaction is broadcast at the blockchain and verified by nodes through the network.
- Once confirmed, the funds received are deposited in your Metamask portfolio.
Etherscan transfer amount
On Etherscan, when you buy an ERC-20 token using your Ledger account in the Metamask wallet, a slightly different process applies:
- You launch the transfer to Etherscan by clicking on the “Buy” button and specifying the amount.
- The transaction is broadcast at the blockchain and verified by nodes through the network.
- Once confirmed, the funds received are deposited in your Metamask portfolio.
The difference:
The main difference between these two processes lies in the costs involved. Etherscan invoices transaction costs (0.25 ETH) for each transfer. These costs are generally lower compared to the standard transfer process on Metamask, where you are not charged any transaction costs.
However, it is essential to note that certain transactions may result in additional costs of other platforms or services used in your wallet. However, when you directly compare the two services:
Standard transfer on Metamask (with large book account):
- Transaction costs: usually $ 0 $ 10
- Total transfer amount: approximately 95 to 100% of the token value purchased
transfer of etherscan to Etherscan (without account of large book):
- Transaction costs: 0.25 ETH (about $ 75)
- Total transfer amount: approximately 85 to 90% of the token value purchased
As you can see, the difference in transaction costs is substantial. This highlights significant consideration when choosing these two services for your cryptocurrency transactions.
Conclusion:
Although Metamask and Etherscan offer transparent integration with Ethereum tokens, there are key differences in their transfer processes. When buying an ERC-20 token using your large book account on a platform like Metamask, you must be ready to pay around 95 to 100% of the token value purchased for standard transfers. Conversely, transactions carried out directly on Etherscan will lead to higher transaction costs of around $ 75. As always, it is essential to carefully assess the costs associated with each service and to consider your specific use case during the decision of the platform to be used.
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