Why no transaction fees are important
Transaction fees are a foreign concept to anyone unfamiliar with how blockchains work.
If we want to compete with neobanks like Revolut and traditional finance, we need to match or exceed their user experience. Having no transaction fees helps us close the gap.
For new users, it’s one less point of friction. For existing users, it’s a big improvement.
Our history with transaction fees
In 2019, we launched the first crypto wallet that paid your transaction fees.
The problem? It ran on Ethereum.
In 2020, transaction fees on Ethereum skyrocketed, costing 1000x more than 2019. We burned through $700,000 covering fees. We had no choice but to turn it off.
That moment shaped our roadmap. It pushed us to L2, where we could deliver a better experience to more people.
Now, the time is right to bring it back. With transaction fees under $0.01 on Starknet, we’re confident you’ll never need to think about gas again.
Wave goodbye to gas fees
Download Ready and see for yourself.
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