Posted by Ambire Wallet on February 15th, 2022
Our native and staking tokens are now available as a gas payment currency
One of the innovations that Ambire Wallet brings to the table is the possibility to pay for gas in tokens other than the native crypto of the particular network. This is possible because Ambire is a smart wallet — i.e. every Ambire Wallet account is its own smart wallet.
Up until now, wallet users were able to use selected stablecoins for their transaction fees. As of now, they can also pay for gas in WALLET and xWALLET tokens on the Ethereum network.
How to pay for gas in WALLET or xWALLET
When you initiate a transaction, you have a drop-down menu for selecting the gas fee currency:
In that drop-down, you will only see currencies that you already have in your account balance. Then you simply select WALLET or xWALLET there, and that’s all!
Keep in mind that when you pay for gas in xWALLET, our staking token, your staking position is reduced by the amount of xWALLET the transaction costs.
What other tokens are supported for paying gas fees
On the Ethereum network, you can pay for gas in ETH, WALLET, xWALLET, USDC, USDT, DAI, BUSD and WETH.
On Polygin, the choice is between MATIC, USDT, USDC and WMATIC.
If you are transacting on Binance Smart Chain, you have BNB and BUSD.
The gas fees tokens supported on Fantom are FTM, DAI, USDC and fUSDT, and on Avalanche — AVAX.