ETH gas fees are a joke. - page 9. | Bitcointalksearch.org

Bobrox

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Sending Ethereum trough metamask automatically setting with highest or faster transaction and have to pay bigger for gas fees, check this picture for calculating how much gas fees how to pay for sending ETH, exactly current gas I check not recommended yet sending ETH to other wallet or coins with ERC20 network because ave reached 87 gwei.

I don't sure its exact price gas fees because could be $9 for sending fees transaction, but I don't use metamask wallet for receiving ETH right now and prefer use exchange wallet because I know gas fees unpredictable and never down under $1 for sending to wallet.

milewilda

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Quote from: NotATether on April 18, 2023, 02:36:08 PM

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

One of the reasons on why i did leave ETH and converted out most of my holdings on BTC and even trying out to invest on new projects which are based on BSC chain because i cant really that take on those high
gas feed whenever you do make some transactions which is something i dont really like considering those huge cut on fees alone but if you are somewhat a whale then these things wont really be bothering you.
There's no way you could be able to reduce up those fees, yes you can do literally but making up confirmation or pushing up a certain tx would really be taking too long.
You would be needing to set on whats the current market suggestion which its always been high.

AmoreJaz

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Quote from: bitkanu on April 19, 2023, 05:02:58 PM

their fees are ridiculous and will always be like this for the upcoming future, executing smart contract definitely gonna require far more than just sending eth, the only way to bypass this is by using optimism, forget about using eth, if you aren't rich enough to spend $10 for fee alone, forget about using eth at all.

since the OP need to use eth network to transfer his funds, what he can do is wait for the gas fees to lower its fees. if he is not in a hurry, he can monitor it from the gas tracker site . he has no choice for now as he wants to get out his funds. it has been so long that gas fees are problem. but i've seen that it went down before. so he should monitor the site to know when is the best time for him to transfer funds.

bitkanu

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their fees are ridiculous and will always be like this for the upcoming future, executing smart contract definitely gonna require far more than just sending eth, the only way to bypass this is by using optimism, forget about using eth, if you aren't rich enough to spend $10 for fee alone, forget about using eth at all.

LastKiss

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Quote from: NotATether on April 18, 2023, 02:36:08 PM

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

It's been already Ethereum problem from the start, since they really got a lot of transactions and many upgrades they did for lowering the transaction fees but seems like it does not solve the Ethereum problem. Right now $9 is nothing when we compare at the bull market begin where there will be more transactions out there

sokani

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Quote from: NotATether on April 18, 2023, 02:36:08 PM

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

The high gas fee is a thing to worry about and it's making some investors to migrate to the arbitrum network. Sometimes you might be charged as high as $20 as network fee to buy an ERC-20 based token. I really don't see any difference in the migration to Ethereum 2.0

Rengga Jati

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Quote from: NotATether on April 18, 2023, 02:36:08 PM

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

Seriously this high?
We all know that Ethereum gas fee is always crazy, but I thought that it is during the bullish era. While right now during bearish era, I thought that Etjereum gass fee has decreased. I checked on Ethgass station and this is crazy enough. Some days ago it is still low. But right now, it has been mpre than 80gwei, exqctly rising up crazily again.
So, the Ethereum development has not changed the high fee and not the solution.

Findingnemo

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Quote from: o48o on April 18, 2023, 03:38:08 PM

Quote from: NotATether on April 18, 2023, 02:36:08 PM

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

There's a small edit button that people often miss when you send eth.

( Pic source is a screenshot crop from some youtube instructions so don't let the price fool you. )

After that comes a window with all kinds of settings. You can set your gas limit manually or choose from advanced options or just click from 3 send choices: Low, Medium And High priority. If you don't know what you are talking about it might be better to choose from those 3 options.

I admit that edit button is too tiny and i didn't click that before either.

Possibly this is the solution but I haven't used metamask for long time and even when I use I generally use the high priority because I don't like to wait too long which makes me frustrated. Anyhow even with ETH2.0 the problem still exists which is kind of worry for the future of ethereum because the alternatives are offering lower transaction time and fee but decentralisation is the only difference if I am not wrong.

daenarys_stormborn

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eth gas fee has always been a big problem, therefore I prefer to use the BSC network in making transactions, for me BSC has a very small and stable gas fee

siniminomorocomunisakito

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That's right. It is always invited to think that if we are going to make transactions related to ETH gas fees, I can be high because of network congestion and this can frustrate anyone. Another option is to use a Layer 2 solution, such as Optimism or Arbitrum, which can reduce gas costs significantly and one more thing you may consider using another wallet that supports lower fees, such as Argent or Gnosis Safe i.e. importing your wallet into a new wallet by exporting private key or seed phrase from Metamask and import it into a new wallet.

Jackl87

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Quote from: NotATether on April 18, 2023, 02:36:08 PM

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.
I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.
Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

The high transaction fees of Ethereum are a topic since i have started to be interested in cryptos, which was back in 2017. Every now and then that topic pops up again, when the market as a whole is moving heavily and a lot of funds are moved. At the moment the gas price of ETH is at 90 gwei, which is just way to high. A normal swap on Uniswap costs around 30$ at the moment, so basically you would have to do swaps of at least 200$ or more in value because otherwise you would pay more than 20% of the transfer value just for fees this is just crazy. We can only wait for the market to slow down again and do our swaps or our other stuff on the ETH chain then.

Bounty Inspectors

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Quote from: NotATether on April 18, 2023, 02:36:08 PM

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

ETH gas fees are really disappointing. Now it takes much less fee to transfer tokens than before. When ETH's price was 3500$ it cost up to 30$ gas fee to transfer tokens. It feels really bad to transfer tokens with so much gas fee. I use Token Pocket wallet instead of Metamask Token pocket charges the same amount of fees. However, Token Pocket Wallet can be conveniently used with separate fees for slow, normal and fast transactions. The thing is really weird ETH gas fees are higher than Bitcoin

Marvell1

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Quote from: Ojima-ojo on April 18, 2023, 03:05:45 PM

I thought the so-called ethereuem network migration from proof of work to proof of stake will solve their network problems and to hear that ethereum holders still have to pay high gas fees for transactions is a show off of how the so-called proof of stake propaganda was a failed experiment.

It's just your thoughts and the mistakes of many others regarding ETH's POW to POS migration. The ETH team did not mention that gas fees will drop after the POS migration, and they have said that gas fees will be resolved soon with future updates. I don't know exactly which update they mentioned and when it happens, but they never said when switching to POW, the gas fee will drop. POW or POS both have their pros and cons, none of which is perfect.

Johnyz

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ETH tries to solve this issues many times but still they can’t figure why the fees are spiking that much while other networks can still handle huge transactions at a cheaper fees. Their updates probably not meant to solve the fees issues, better to look for other network or alternatives before making any transactions.

I remember there’s a lot of incidents of paying millions of money just for a fee and that is under ETH network.

goaldigger

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This has been the issue of ETH, and this is also why other projects are trying to sold this like the recent one which is $ARB, their fees are more cheaper compare to ETH itself. Well, this is the issue of ETH since then, they are claiming that they can solve this on their previous updates but until now every time the traffic increases, their fees increases as well. Always be mindful with the fees to avoid any costly mistakes, gas fees can pump that much.

fvb

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I remember earlier I myself set up the price for gas in the Metamask wallet. And now for some reason I can't. And sometimes it doesn’t make any sense to transfer tokens to the exchange because of the gas price, because some tokens cost the same as the commission. Therefore, I abandoned this case and transfer only if the amount exceeds $ 100. I thought that all these network updates would somehow affect the price

Psynthax

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Quote from: Vickysagar on April 19, 2023, 05:11:29 AM

ETH fees are huge indeed. I was using TRX instead of it, but its fees are becoming worse too. LTC is a good option with low fees and fast transactions, but it doesn't have tokens on its blockchain.

just use the second layer like arbitrum and optimism, it's convenient since it requires eth for gas fee same with native eth blockchain and majority of the token you ever need are there, there's reason why these l2 exist that is to add convenience of using ethereum and avoid high gas fee.

yazher

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Quote from: globalpain on April 18, 2023, 02:51:28 PM

it's been a long time since Gas Fees on Ethereum are very expensive and very joking,
I'm really surprised even though Ethereum has also gone through many big events like Ethereum 2.0 and Ethereum Shanghai,
but they really can't make Gas smaller, I really disappointed.

I thought this problem has long gone but it seems like they can't do anything about it and they don't want to do something maybe because there are only small users who complain and they don't get any harm when those users will gonna leave and stop using their platforms. That's why their other competitors are now working to gradually reduce their transaction fees hoping to attract more users to use their platform instead of trying hard to take the heavy load of ETH's transaction fees.

Vickysagar

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ETH fees are huge indeed. I was using TRX instead of it, but its fees are becoming worse too. LTC is a good option with low fees and fast transactions, but it doesn't have tokens on its blockchain.

amishmanish

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Quote from: OgNasty on April 19, 2023, 02:16:41 AM

If you think nine dollars is bad, you wouldn’t believe the prices people were paying for the chance to mint NFTs during hot drops. I believe fees were sometimes as much as $1,500 just to buy an overpriced NFT. Pretty insane looking back but people were lining up to do it in the hopes of a quick flip to make some money. During the peak, NFTs weren’t even worth the fees to get them.

Bad or not..I think nobody can fault ETH for failing to build a community. They have followed all the marketing ploys needed to keep the blockchain smart-contract game going. I call it a game because thats what it is right now before, if ever, it evolves into something serious in terms of delivering actual value to businesses and the people.

The NFT craze was something else. I don't know anybody who paid 1500 as fee but can confirm that I paid significant fee (20-50 USD per transaction) buying a few NFTs myself back in the craze. Don't ask what happened to the value, lol.

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