So you got paid today and you wanna jump into crypto, awesome! But wait you need to buy cryptocurrency from an exchange that won’t let you withdraw your funds to the non-custodial wallet (the wallet to which only you hold the private key) to access all the DeFi and NFT DApps (Decentralized Apps) unless you have the KYC completed which can take up to a week. 😢

Let’s assume you are done with that and you have your funds on Ethereum Mainnet. But that’s not all.

Imagine sending your funds to a wallet that does not have the native currency to pay gas. They are stuck until you fund it with the native currency so you can pay gas to use it.

Moreover, ETH gas fees are everchanging, and with ETH making new ATH (All time highs) gas fees make ATH too.

The worse thing is when you have submitted your transaction and the gas fees suddenly spikes. You will have to wait for your pending transaction to get confirmed which can take hours.

Wait there is more, overhead of understanding how to properly use tools like metamask (a non-custodial wallet) and gas tracker (eg:- etherscan, ethgasstation) to pay the right amount of gas is also a skill.

You don’t believe me? 😂 take a look at the below-given transaction which paid $28.7 Million (at the time of writing) worth of gas fees.

https://twitter.com/Loopifyyy/status/1442533583822917636?s=20

Can Devs Do Something? 😂 Enter Biconomy...

Biconomy lets DApp owners improve user experience.

Biconomy provides access to products like Mexa (Gasless Transactions), Forward (Pay gas with ERC20 tokens), and Hyphen (Instant Cross-chain transfers).

Biconomy Mexa (Enable Gasless Transactions)

• Did I say gasless? Which means no gas fees? Not really 😅
• Gas fee is paid but not by the end-user but rather by the DApp itself.

Imagine, Uniswap paying for gas fees whenever you make a swap or add liquidity awesome right?

This is can be achieved using Biconomy Mexa. (Biconomy product that lets you enable gasless transaction).