# Priority fee

## Definition

Priority fee, often called a tip, is the EIP-1559 fee component intended to incentivize the block proposer beyond the base fee.

## What it means in practice

The total paid per unit of gas depends on the base fee, the priority fee and the transaction's maximum-fee cap.

## How this concept appears in Terenval Wallet

Terenval fee presentation for Ethereum-style transactions reflects network pricing and is not a guarantee of a specific confirmation time.

**Important:** An unnecessarily high tip can increase cost without guaranteeing instant inclusion.

**[Install Terenval Wallet](https://wallet.terenval.com/?lang=en)**

## Related terms

- [Base fee](https://wallet.terenval.com/glossary/base-fee/)
- [Gas price](https://wallet.terenval.com/glossary/gas-price/)
- [Gas](https://wallet.terenval.com/glossary/gas/)
- [Ethereum transaction](https://wallet.terenval.com/glossary/ethereum-transaction/)
- [Gas fee](https://wallet.terenval.com/glossary/gas-fee/)

## Related Terenval Answers

- [Ethereum Layer 2 Networks and Gas Fees](https://wallet.terenval.com/answers/ethereum-layer-2-networks-and-gas-fees/)
- [Can One Crypto Wallet Manage Multiple Blockchains?](https://wallet.terenval.com/answers/can-one-crypto-wallet-manage-multiple-blockchains/)
- [How to Send Crypto Safely Between Wallets](https://wallet.terenval.com/answers/how-to-send-crypto-safely-between-wallets/)

## Sources

- https://ethereum.org/en/developers/docs/
- https://eips.ethereum.org/
- https://wallet.terenval.com/info/supported-networks/

Official page: https://wallet.terenval.com/glossary/priority-fee/