Ethereum and additional gas fees - page 2.

Azar138

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Quote from: RIFAT001 on October 11, 2021, 01:10:05 PM

Over the last few days, I have faced many problems while transacting a few tokens. Even after I repeatedly deposited in a few wallets, at one point the transaction was going to stop. That is what is in Uniswap. I have deposited 20$ due to additional fee. But the fee needs to be above 50$. So has been interrupted to swap a few times. Currently I think the Ethereum platform is the most expensive. What do you think?

That ‘s right that Ethereum is the most expensive network today and while the market is still so active, it will remain expensive. That’s why I would rather small investors worked on alternative side chains and layers 2. For example you can switch to Polygon where you are to pay less than 10 cents for a transaction. I believe that Ethereum 2.0. will partly solve the problem with high gas fees and I will be able to return to this net.

coinzzzpro

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Quote from: ?? on ??

Currently, higher gas fees are causing a lot of problems for the Etherium platform. At one time the Etherium platform was very popular. But now the transaction fee has increased a lot Has now chosen the other platform.So there is still time to reduce the transaction fee of Ethereum platform.

That's why blockchains like DOT, Solana and partly BSC are growing. But at the same time Layer-2 solutions can help in scaling the network and as a consequence reduce the price of gas. In any case, do not underestimate the prospects of the great Ethereum!

Tomohisa

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Quote from: sayam on October 13, 2021, 06:45:52 AM

I have a lot of tokens stuck in my personal wallet for this high gas price of Ethereum. In between, there are many tokens that will not be equal to the gas price if they are sold. But in the midst of this frustration, I'm hopeful that after Ethereum 2.0 is introduced, all problems will be eliminated.

Same here, I still have a few tokens with such low value but not entirely worthless, just very costly for swap. So if Ethereum 2.0 is able to allow us to sort out low value tokens, this means every coin will count and contribute to a more stabilize price and market, not sitting dust beccause of high fee.

PUTinCoinProject

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The London fork did not bring the desired GAS relief, didn't it? Remember the TIME NFT a few weeks ago? This used so much ETH-chain capacity, that the GAS nearly quadrupled.

And the priority fee design does the rest...

Ever-young

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Quote from: RIFAT001 on October 11, 2021, 01:10:05 PM

Over the last few days, I have faced many problems while transacting a few tokens. Even after I repeatedly deposited in a few wallets, at one point the transaction was going to stop. That is what is in Uniswap. I have deposited 20$ due to additional fee. But the fee needs to be above 50$. So has been interrupted to swap a few times. Currently I think the Ethereum platform is the most expensive. What do you think?

You noticing this now is as if you have been asleep for a very long time now.
This high transaction fee on ETH started since earlier this year, and trading on uniswap is one of the things am finding every means possible to avoid it.
Uniswap fee alone to trade a token can cost you over 120$ before you can execute a single transactions on that Dex.
Eth fee is extremely expensive, and I don't think their is a perfect solution to that, we just have to leave with it. Or make use of other smart chain if possible.

hichamito37

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Quote from: RIFAT001 on October 11, 2021, 01:10:05 PM

Over the last few days, I have faced many problems while transacting a few tokens. Even after I repeatedly deposited in a few wallets, at one point the transaction was going to stop. That is what is in Uniswap. I have deposited 20$ due to additional fee. But the fee needs to be above 50$. So has been interrupted to swap a few times. Currently I think the Ethereum platform is the most expensive. What do you think?

It's crazy that Gasoline Fees are not fixed so expect gas prices to keep going up during a market uptrend. This is the problem with the ETH network, and it's true that it's the most expensive by far and I also have experience with it. trading and transferring my coin to the exchange, I spent my $44 on the recent transfer of my token to the exchange it cost me a lot with the expensive fees of ETH. Although the fee is the most expensive, there are still many users you can track gas fees here:
https://ethgasstation.info/index.php
https://etherscan.io/gastracker

livingfree

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Quote from: Botnake on October 12, 2021, 06:20:24 PM

Quote from: livingfree on October 12, 2021, 05:45:22 PM

Quote from: Patigi on October 12, 2021, 02:20:08 PM

Yes, it is true that Ethereum gas fee is too expensive. There are a lot of people that have token in the blockchain but do to high gas fee, so many people have left thier token over there compare to BSC blackcain that you can swap token with small gas fee.
For me I have some token worth of 50$ which I am afraid to swap due to their gas fee, because the amount of Gass fee I will use to swap the token might be more than value of token itself. Now a lot of people are losing interest in the blackcain

Just don't swap it.

That will require you a lot of eth for the fees to cover it and it's not a good time right now because the fees keep on fluctuating. I miss seeing the fees being stable and they're easy to convey because they're cheap.

But today, it's very different.

If you don't have enough funds for the gas fees, better just still keep your coins in your wallet. There are times that ethereum gas fees is quite affordable so you will have more money to save. But right now, its very high as only big whales can transact their tokens these days. This platform has definitely made us all struggles whenever there are times that we need to do transactions. Although ethereum platform's performance is reliable but the price just really give us a damn. Hopefully, things will get better soon before another platform takes over ethereum.

That's what I'm doing.

I'm keeping it and trying to be cool since I'm not in a hurry. But if someone is in a hurry then for sure that he has to check his funds rightly if he has enough ETH to cover the fees.

The high fees really suck!

susuberuang

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Quote from: SairaMahmood on October 13, 2021, 07:04:22 AM

The high Ethereum transaction and gas fees are the main reason why crypto entrepreneurs are switching on BEP and TRC token.

When their prices will high they will start finding another solution to deal with this situation.

It's a very natural thing for every investor to do to save on transaction fees which sometimes they use very often every day, so there's no need to discuss it because everyone will also do the same thing when they find expensive Gas costs.

Ngewex Yuk

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This is a serious problem for me, high transaction fees make me always switch to cheaper coins like BNB, Polygon or TRON. the last time i used ethereum was a week ago and sent $78 worth of ETH but it cost $16 and took more than 2 hours to reach 12 confirmations.

mikemiller023

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Quote from: RIFAT001 on October 11, 2021, 01:10:05 PM

Over the last few days, I have faced many problems while transacting a few tokens. Even after I repeatedly deposited in a few wallets, at one point the transaction was going to stop. That is what is in Uniswap. I have deposited 20$ due to additional fee. But the fee needs to be above 50$. So has been interrupted to swap a few times. Currently I think the Ethereum platform is the most expensive. What do you think?

Exactly, we all are facing this problem. Even we can't transfer small amounts of our assets due to high gas fees. I'm now reviewing a project which aims to do something great in this situation. They are opening a new option where we can make a transaction or transfer our assets in replace of ether fees to coin fees. But till now they are in under progress. I'm sharing you the link so that you can look up too. https://feeno.peanut.trade

leea-1334

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Quote from: BigBos on October 12, 2021, 09:31:46 AM

fees from ethereum are quite expensive at this time. because of that, I refuse to make transactions that are not so big when exchanging ethereum platform coins on DEX. I've also spent more than $30 just for fees.
it's just, I use it when I need it. Currently I prefer to use BSC, or Matic, coins instead of ethereum because of this fee problem.

Old story and nothing new,,, it is at least a lot more predictable this time around compared to before the London hard fork. We all know ETH 2.0 fixes this with much more tps than current implementation, so we just need to be patient for that.

$30 for fees is the max I would pay too,,, but $100 was common not too long ago

Matic/BSC etc,,, fast and cheap but unproven security. Just saying.

coinzzzpro

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Quote from: sayam on October 13, 2021, 06:45:52 AM

I have a lot of tokens stuck in my personal wallet for this high gas price of Ethereum. In between, there are many tokens that will not be equal to the gas price if they are sold. But in the midst of this frustration, I'm hopeful that after Ethereum 2.0 is introduced, all problems will be eliminated.

I have the same problem, and who will make a project that can change all tokens to ETH in one transaction by SWAP will be the hero of millions!
How hard can it be?

How does Binance have the option to exchange all tokens for BNB.

SairaMahmood

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The high Ethereum transaction and gas fees are the main reason why crypto entrepreneurs are switching on BEP and TRC token.

When their prices will high they will start finding another solution to deal with this situation.

sayam

jr. member

Activity: 1442

Merit: 2

I have a lot of tokens stuck in my personal wallet for this high gas price of Ethereum. In between, there are many tokens that will not be equal to the gas price if they are sold. But in the midst of this frustration, I'm hopeful that after Ethereum 2.0 is introduced, all problems will be eliminated.

coinzzzpro

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Activity: 644

Merit: 10

Quote from: ?? on ??

Quote from: coinzzzpro on October 13, 2021, 12:12:54 AM

ETH is no good at all for small transactions now, it just costs $26 to sign a deed. Why do I need it? For this I use ZKS Swap https://zks.org/en which is exchange with minimal commissions (~1$), but it is on ETH too. Look at it, very attractive and necessary project.

Is there a lot of coins or tokens in ZKS Swap that use the Ethereum network there ? so that everyone can take advantage of this to minimize the cost of gas transactions that tend to be expensive through other DEX exchanges now ?

There are quite a few coins there, I found these:
ETH
PAX
LINK
DAI
HUSD
BUSD
UNI
USDC
USDT
WBTC
ZKS
AAVE
HBTC
SUSHI
1INCH
LON
WQTUM
LRC
ALPHA
DODO
CREAM
YFI
GT
MX
SNX
RUNE
HT
OKB
REN
YFII
BADGER
TORN
BBTC
XDEX
WOO
MASK
FEI
TRIBE
mBTM
SHIB
AKITA
gZKS
DBC
CHZ
REI
VRA

I've been working with this project since the beginning, I like everything. And there are pools and mining. I am not advertising this project, just for information.

trauchot

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Activity: 1764

Merit: 10

Unfortunately, I completely agree with you, I have not seen a single blockchain where there would be the same expensive cryptocurrency transactions as on the Ethereum blockchain and the biggest problem is that Ethereum developers know this problem, but they do not care and therefore I have to make transactions through Ethereum blockchain from time to time and I have to pay a lot of money for this, so I try to use Ethereum blockchain as little as possible and I try to make necessary cryptocurrency transfers through Tron blockchain, and of course I hope that Ethereum developers at least in future will fix this problem because Ethereum blockchain is really becoming only for rich people, but still Ethereum blockchain is so very popular even with these huge fees.

coinzzzpro

member

Activity: 644

Merit: 10

Quote from: RIFAT001 on October 11, 2021, 01:10:05 PM

Over the last few days, I have faced many problems while transacting a few tokens. Even after I repeatedly deposited in a few wallets, at one point the transaction was going to stop. That is what is in Uniswap. I have deposited 20$ due to additional fee. But the fee needs to be above 50$. So has been interrupted to swap a few times. Currently I think the Ethereum platform is the most expensive. What do you think?

ETH is no good at all for small transactions now, it just costs $26 to sign a deed. Why do I need it? For this I use ZKS Swap https://zks.org/en which is exchange with minimal commissions (~1$), but it is on ETH too. Look at it, very attractive and necessary project.

Brus123

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Activity: 661

Merit: 100

Quote from: Botnake on October 12, 2021, 06:20:24 PM

Quote from: livingfree on October 12, 2021, 05:45:22 PM

Quote from: Patigi on October 12, 2021, 02:20:08 PM

Yes, it is true that Ethereum gas fee is too expensive. There are a lot of people that have token in the blockchain but do to high gas fee, so many people have left thier token over there compare to BSC blackcain that you can swap token with small gas fee.
For me I have some token worth of 50$ which I am afraid to swap due to their gas fee, because the amount of Gass fee I will use to swap the token might be more than value of token itself. Now a lot of people are losing interest in the blackcain

Just don't swap it.

That will require you a lot of eth for the fees to cover it and it's not a good time right now because the fees keep on fluctuating. I miss seeing the fees being stable and they're easy to convey because they're cheap.

But today, it's very different.

If you don't have enough funds for the gas fees, better just still keep your coins in your wallet. There are times that ethereum gas fees is quite affordable so you will have more money to save. But right now, its very high as only big whales can transact their tokens these days. This platform has definitely made us all struggles whenever there are times that we need to do transactions. Although ethereum platform's performance is reliable but the price just really give us a damn. Hopefully, things will get better soon before another platform takes over ethereum.

I share your point of view that things will be better when Ethereum 2.0. launches. Now because of big activity, there are many transactions that must be ran as well as Ethereum's price is very high now compared to it some years ago. So all these facts raise the price of transaction fees, so investors with small capitals are just incapable of surviving.

bluebit25

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https://bitlist.co

https://etherscan.io/gastracker

If you are not ready to pay for it, do not try too hard, look at the current gas fee to decide for yourself.
I know a lot of people still can't afford the fees on ERC20 so don't try to delve into it, other top platforms won't give you the same problem instead.

King Raymond

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Activity: 132

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Ethereum gas fee is outrageously high. Anyone still transacting on the Ethereum blockchain I believe earns up to $1k or above maybe.
Cryptocurrency is quite reputable for its cheap transactions but obviously, that doesn't apply to Ethereum. This is a big flaw in the Ethereum network and it has kept a lot of investors awau. Developers really need to do something about this.

Topic: Ethereum and additional gas fees - page 2. (Read 613 times)