Fund Gas Tanks
Overview
Certain blockchains, such as Ethereum charge a fee, called gas, to process transactions on their blockchain. If you have a wallet for an asset that uses gas, you must maintain a balance in a separate address, known as a gas tank, to cover gas fees. Gas tanks are separate reserves from the rest of your wallet balances that you can deposit into, and once funded, BitGo automatically deducts from the balance to cover your gas fees.
BitGo recommends funding your gas tanks prior to creating new wallets or receive addresses, because some block chains require broadcasting these addresses on chain to initialize them. In addition, MPCv2 wallets enable multiple receive addresses with automatic consolidations to the root address. However, these consolidations can occur only if the gas tank is funded with a high enough balance to cover the gas fees. Keeping your gas tank continually funded, ensures your operations aren't disrupted.
Prerequisites
Sign up for a BitGo account.
Fund Gas Tanks
- Access your gas tanks by logging into your BitGo account and selecting the Gas Tanks option from the top menu, next to the Activity bell icon.
- The Gas Tanks page displays a list of all assets that require gas tanks. Find the asset you want to fund and select the Deposit button.
- Copy the address or use the QR code to deposit funds into the gas tank.
Step Result
Your gas tank is funded and ready to cover gas fees for your transactions.
Next Steps
You can now Create Wallets for assets that require gas tanks.