Virtually all supported coins and tokens in PalWallet incur transaction fees, payable to miners/validators on the network, not to PalWallet. These fees facilitate the processing of your transactions.

The Ethereum (ETH) Network and ERC20 Tokens

The Ethereum network supports various token standards, the most popular of which is the ERC20 standard, representing various digital assets or goods. Transactions involving these and other supported tokens require ETH for gas fees, which are costs associated with conducting transactions or executing contracts on the Ethereum network.