bsc gas fees - page 2. | Bitcointalksearch.org

CaVO32

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Quote from: timerland on December 20, 2021, 04:02:03 PM

That's definitely some really high gas fees that you are asked to pay.

It's not normal, normal would be cents. This is more than $10 which is probably worse than some ETH fees right now.

Check your wallet configuration. Have you set an abnormally high amount of fees or something? Or are you using a third party provider that is charging you exorbitant amounts in fees?

I hope the OP already resolved his gas fee problem in BSC. Because he didn't elaborate much what wallet he is using. Because such expensive fee usually is because of third party provider. Because even when you transfer from one exchange to another, the BNB fees are also cheap. So high likely, that this is a third party provider charging high fees. Anyway, the OP should explain more about the situation so we know where the real problem is.

timerland

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That's definitely some really high gas fees that you are asked to pay.

It's not normal, normal would be cents. This is more than $10 which is probably worse than some ETH fees right now.

Check your wallet configuration. Have you set an abnormally high amount of fees or something? Or are you using a third party provider that is charging you exorbitant amounts in fees?

Ararbermas

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Quote from: ?? on ??

I think this is a very high cost in transakai with bsc, usually the normal cost in a bsc transaction is only 0.00025 with a platform project that provides safemoon it is very high so you have to sell it at a high cost too, never sell it with a high fee because it doesn't match the cost the cut is not normal as usual try to see suggestions from others if there is a solution.

bsc has the very low fees nowadays unlike erc20 so ho comes you will end up paying too much in it? If it's true probably it's because of the platform you're using wherein they are not following what other have, i mean despite of the situation they still want to get more money from fees. If i were you mate use binance if you want a small fees..

manok jepang

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Quote from: Synerggy on December 18, 2021, 02:35:21 PM

It's normal I don't see reason why someone should complain about this, if BnB grows higher the gas fee won't ever be the same and it's same for every other coins and tokens, higher value equals to higher gas fee, even Tron and matic among others have shown that once there is surge in price gas fee will also increase

I agree with you, there is nothing to worry about the cost of binance gas because in my opinion it is in accordance with the value of binance itself, when compared to the cost of tron and matic, the cost of binance is much higher, but we know how much tron costs and matic is of course much lower than the value of binance, isn't it, as a percentace of the price of tron and matic in my opinion the gas costs are more expensive than binance, because the price of binance is much higher than the price of tron and matic, true as you said there is no point in complaining about the current cost of Binance gas, isn't the cost of ethereum gas much higher than the cost of other altcoins gas, but it doesn't affect people's interest to invest in it,

sulendra12

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Quote from: forestx on November 12, 2021, 07:50:59 AM

I have some safenoon I bought at its peek sitting in my Metamask learned about bscprojects.live and though about investing. Risky yes but it wasnt much safemoon and wanted to try the platform.

Never heard the site until today and it looks like other type of HYIP for me with the "staking" scheme on cryptocurrency. It's good to trying out new site but yea just keep in mind about anything.

Quote from: forestx on November 12, 2021, 07:50:59 AM

I attempted to get up the funds and thought it went through but doesnt appear to have also when I go to try again I am told gas fees are 0.024635BNB which seems high. Like one of the main selling points behind bsc chain was low gas fees. Is this a normal amount to pay

That's quite normal for me, that's around $14 - $15 for that transaction. But still, the return depends on your investment you make. That's up to you if you choose to do it or not but since I don't know the site you are talking about which I do think quite risky to be honest.

tvplus006

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Quote from: andyou1234 on December 20, 2021, 02:23:36 PM

Quote from: RiskySanchez on December 20, 2021, 01:16:44 PM

I think that sooner or later the BSC gas fee will also increase along with the increase in the price of BNB, this is the same as Etherum at the beginning of launching the gas fee is still affordable because the price of Etherum is still below 500$ but now it has become expensive. Don't be surprised if in the future BSC transactions will be expensive

that's for sure buddy,,,, if the price of binance goes up then gas costs will also go up, besides the number of adoptions from the binance network will also affect the increase in network transaction value, but you don't have to worry about binance gas costs because when compared to ethereum gas costs, the cost of binance gas is much lower,

The cost of a transaction in Balance Smart Chain depends not only on the cost of BNB, but also on the network load. But even if the number of transactions increases a hundred times, the price in the BSC network will be a hundred times lower than in the Ethereum network, but this is only until the moment when Ethereum-2.0 is fully launched.

andyou1234

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Quote from: RiskySanchez on December 20, 2021, 01:16:44 PM

I think that sooner or later the BSC gas fee will also increase along with the increase in the price of BNB, this is the same as Etherum at the beginning of launching the gas fee is still affordable because the price of Etherum is still below 500$ but now it has become expensive. Don't be surprised if in the future BSC transactions will be expensive

that's for sure buddy,,,, if the price of binance goes up then gas costs will also go up, besides the number of adoptions from the binance network will also affect the increase in network transaction value, but you don't have to worry about binance gas costs because when compared to ethereum gas costs, the cost of binance gas is much lower,

RiskySanchez

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I think that sooner or later the BSC gas fee will also increase along with the increase in the price of BNB, this is the same as Etherum at the beginning of launching the gas fee is still affordable because the price of Etherum is still below 500$ but now it has become expensive. Don't be surprised if in the future BSC transactions will be expensive

terrorJR

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Quote from: forestx on November 12, 2021, 07:50:59 AM

I have some safenoon I bought at its peek sitting in my Metamask learned about bscprojects.live and though about investing. Risky yes but it wasnt much safemoon and wanted to try the platform.
I attempted to get up the funds and thought it went through but doesnt appear to have also when I go to try again I am told gas fees are 0.024635BNB which seems high. Like one of the main selling points behind bsc chain was low gas fees. Is this a normal amount to pay

Like with any blockchain, the more adoption, the more use and more the fees will be.
It's a matter of time before BSC fee's will be same as ETH fee's in the early days, $2-3 per transaction

That's right, and now it looks like they've done just that a little bit.
but can't be blamed because it's a natural thing and we can't deny it because it's something that is certain.
as long as they continue to grow, the fee will continue to grow as long as they become large, the fee will also get bigger, that is an undeniable certainty.

SquallLeonhart

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Quote from: mumang siat on December 17, 2021, 12:31:44 AM

Even today, there are many other smart contracts that are cheaper and easier to use, so it's not only BSC that has cheap gas costs, if you explore further, there may be many other transactions that have cheaper gas costs than BSC, but the problem is, currently many projects are using cooperation with BSC, besides there is no choice, we are also required to use it, and I still like BSC for now, not only because of the cost of Gas, but their stability is still very stable and increasing.

Yeah that's true, most of the new platform are going to launch in the Binance Smart Chain even though a lot of old projects are migrating in BSC because of their users demand on BSC. Matic,Solana,Axie these of network too cheap than BSC. But still now how many projects launched in their platform? Not too much.

I mean it is based on Binance and they are very trustworthy in exchange world, so the coin itself and the network is trustworthy because of that. It is not really "that" expensive, sure it is more than what it used to be but look at ETH, that is more expensive than anything I have seen so far, do you know what the charge is for you to approve and the nswap a brand new token there?

As high as 100 dollars on uniswap, which is why I would never consider using ERC20 at all, doesn't make sense to spend that much, sure transactions may have dropped a bit but approval and swapping at defi is still INSANELY high. And yet we still see ETH being used a lot right? Billions of dollars per day volume all around the ERC20 network? So that means no matter what the price of gas fee is in ERC20 or BEP20, as long as they can attract those new projects then they are going to be fine.

Synerggy

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It's normal I don't see reason why someone should complain about this, if BnB grows higher the gas fee won't ever be the same and it's same for every other coins and tokens, higher value equals to higher gas fee, even Tron and matic among others have shown that once there is surge in price gas fee will also increase

Jackl87

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Quote from: forestx on November 12, 2021, 07:50:59 AM

I have some safenoon I bought at its peek sitting in my Metamask learned about bscprojects.live and though about investing. Risky yes but it wasnt much safemoon and wanted to try the platform.
I attempted to get up the funds and thought it went through but doesnt appear to have also when I go to try again I am told gas fees are 0.024635BNB which seems high. Like one of the main selling points behind bsc chain was low gas fees. Is this a normal amount to pay

I personally never experienced transfers fees that high on the binance smart chain yet. 0.025 bnb are around 13$ which is already quite a big amount, of course nowhere near the amounts that we sometime have to pay if we send something on the ethereum network but still too high. I would guess the reasons for the high transfer fees on the bsc chain are quite simple and the same as in the ETH chain, the network is just to congested with to many transactions and swaps going on at the same time. In the last few weeks and months a lot of projects switched from ETH to BSC and new projects often launch on the BSC chain and we are now seeing that impact.

aquafinewater

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Bsc gas fee is not too much affordable for everyone that's why mostly project build on bsc network eth fee is too much it's less only in one case if Eth 2 launch and no one know when launched

MarjorieZimmermanGinger

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BSC gas fee is currently around 15 for sending tokens and 8 cents for sending BNB if we use Metamask or other wallets, we should be happy because BNB is already popular but gas costs are not skyrocketing like ETH, with this I am sure that BNB will soon beat ETH.

For today's swap case ethereum has been beaten by BNB, because gas costs for BNB are quite affordable, but to beat ethereum at number two on marketcap is still not possible, many good projects currently use the ethereum network, so it's hard to beat ethereum for now and I'm sure in the future ethereum will still hold on to its current position.

mumang siat

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Quote from: kojektea on December 16, 2021, 01:48:42 AM

Some platforms usually do have different costs even though we know the BSC network is normally very cheap. I even paid 0.041 BSC at 1inch. Usually this happens because of the dense transaction on that smart contract. This is normal, back again at a time when smart contracts are not solid you will get cheaper costs.

Even today, there are many other smart contracts that are cheaper and easier to use, so it's not only BSC that has cheap gas costs, if you explore further, there may be many other transactions that have cheaper gas costs than BSC, but the problem is, currently many projects are using cooperation with BSC, besides there is no choice, we are also required to use it, and I still like BSC for now, not only because of the cost of Gas, but their stability is still very stable and increasing.

kojektea

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Some platforms usually do have different costs even though we know the BSC network is normally very cheap. I even paid 0.041 BSC at 1inch. Usually this happens because of the dense transaction on that smart contract. This is normal, back again at a time when smart contracts are not solid you will get cheaper costs.

llecrf

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Quote from: forestx on November 12, 2021, 07:50:59 AM

I have some safenoon I bought at its peek sitting in my Metamask learned about bscprojects.live and though about investing. Risky yes but it wasnt much safemoon and wanted to try the platform.
I attempted to get up the funds and thought it went through but doesnt appear to have also when I go to try again I am told gas fees are 0.024635BNB which seems high. Like one of the main selling points behind bsc chain was low gas fees. Is this a normal amount to pay

I had this kind of experience on a farming game platform I played on, if you know PVU games you can check them out on coinmarketcap if you want to see them.
The LE to PVU swap process costs 0.02 BNB, I think it's normal to avoid small drawdowns to avoid a drop in the coin price, but in reality, we only pay 0.001 BNB to swap on pancakeswap.
the developers have many ways to profit and i think the 0.02 BNB fee is too high.

apur688

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After using bsc in a long time, I think this is one of coin that needs a few gas fees. So If you said that your transaction need that amount of BSC, seeit first which transaction it is. May be it is swap, or claiming something, etc. Because that would be different for only just send coin from wallet to wallet.

But I have ever paid the fees higher than I have ever done, so I think I can conclude that the gas fees is can be higher or not, it depends on the kind of the coin and transaction. So, yeah It's normal.

tvplus006

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Quote from: LUCKMCFLY on December 13, 2021, 07:10:54 AM

On December 8 there was a diffurcation of ETH, did anyone experience the change? Someone tried to make a transaction on the ETH network? I have been a bit far from the ETH network or from projects that have to do with the ETH network, since in the last Project I spent approximately 200 USD in fee, the truth seemed to me very expensive, if they lower the price it would be a fork or acceptable update. For now, the BSC network is still very good in terms of fee, the Solana network has not yet entered the metaverses with intensity, I am sure that as soon as they enter it will be something else.

I removed liquidity from 1inch yesterday, while paying a commission of $64 at the price of ETH - $49170. This commission is almost 2 times lower than it was before the Arrow Glacier fork. We saw a similar decrease in the transaction price after the London fork, but later it became even higher than it was before the update. I don't think there will be any significant changes in the cost of transactions.

Fredomago

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Quote from: Snappycoco on December 13, 2021, 09:38:58 AM

Quote from: forestx on November 12, 2021, 07:50:59 AM

I have some safenoon I bought at its peek sitting in my Metamask learned about bscprojects.live and though about investing. Risky yes but it wasnt much safemoon and wanted to try the platform.
I attempted to get up the funds and thought it went through but doesnt appear to have also when I go to try again I am told gas fees are 0.024635BNB which seems high. Like one of the main selling points behind bsc chain was low gas fees. Is this a normal amount to pay

I have never encountered this kind of high gas fees either for swaps, providing liquidity or sending coins. All of my recent transactions costs almost a dollar only and nothing goes beyond it unlike eths. Well, some members accused this site to be suspicious so I guess its better to keep out. It could even be a phishing site and not just .0246 BNB fould be lost if you don't take extra precautions. Beware.

A good advise, if I'm also at your shoe I will not try to deal with this platform, the fee for every bsc transaction is not that much. With kind of gesture, the chance that it will not only the fee that you are risking but more on the asset that you wanted to transfer, but getting the point about safemoon holds, even it's not that much anymore it's still your money that you invested, better to keep those coins instead of risking it to another platform that you are not sure with the services.

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