Ethereum and additional gas fees - page 4.

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Quote from: Findingnemo on October 11, 2021, 03:07:04 PM

Yes, trading ethereum tokens on the decentralized exchanges are the most expensive one than others, if you want to make the trade to happen then you have no other choice than spending the required fee but if you are someone who is not ready to spend that much as fee but don't care about the KYC then there are some good centralized exchanges are available for cheapest trading experience.

No centralized exchange will be able to replace DEX, since new coins are listed there first of all. And we have to recognize the fact that many new coins introduced on DEX will never appear on centralized exchanges. This, along with confidentiality, ensures high turnover of trading on decentralized exchanges.

Ros-In

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I'm not sure if the ethereum gas fee will go down or return to normal as before, on the contrary I believe the gas fee will increase every year.but it will not reduce the interest of traders because there is always innovation

zasad@

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In Ethereum, the situation with commissions will not change for a few more years, because many shards need to be launched in order for the main network to have low commissions. Therefore, many projects are already using a Level 2 solution.
Some users will have to spend on bridging fees, but L2 solutions are also supported by exchanges, so this is not a problem.
But decentralized trading has always been expensive.

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The problem of gas costs Currently according to our monitoring the Ethereum platform is the most expensive, that's true because until now this is a topic that has been discussed by bitcoiners and hunter trading for a long time, but until now there has been no change, but the transfer journey to the wallet continues smoothly, but only having problems with large gas costs for the sake of the smooth network

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Quote from: RIFAT001 on October 11, 2021, 02:10:05 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 nothing new that the Ethereum network was almost unusable for "normal" users that are trading or sending amounts of below 100$ or so because if you have to pay 30$ or more for a simple swap on uniswap. That is also the main reason why the binance smart chain has become so popular in the last few months and a lot of projects that were ETH-only a few months ago have also a token on the bsc-chain now. I am not a big fan of BNB and the binance smart chain because for me binance is one of the most centralized projects in the cryptoworld and i don't want it to become a monopolist but i feel kinda forced to use the BSC chain at the moment, because i just can not afford the ETH fees.

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Quote from: inanilujimi on October 12, 2021, 04:04:13 AM

It is undeniable that ETH is the most expensive platform when trading on dex, but did you know that only the ETH platform provides fantastic airdrops for its users??
starting from uniswap, 1 inch and finally dydx. and maybe in the future there will be more like that in the future.

Each platform has its own unique thing in making the program, as well as the BSC platform which also has unique things which the ETH platform does not currently have, so all of them have their own advantages and disadvantages in cryptocurrency.

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It is undeniable that ETH is the most expensive platform when trading on dex, but did you know that only the ETH platform provides fantastic airdrops for its users??
starting from uniswap, 1 inch and finally dydx. and maybe in the future there will be more like that in the future.

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Quote from: cryptoaddictchie on October 12, 2021, 03:06:30 AM

Quote from: RIFAT001 on October 11, 2021, 02:10:05 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?

So far yes it is. We cant do anything about the gas fee, hence wait for the network to cool down and wait for the fee to recede. Right now a lot suffer with it due to heavy usage of eth network and fee that includes massive transactions of nft. For sure it will take a while before eth fixed this thing.

It's been so long already since this high gas fees becomes uncontrollable, although sometimes the price may reduced but most of the time, this high gas fees becomes very expensive. So if you find it hard because of the transaction fees, then maybe transact only when you have an extra amount enough to pay for the gas fees. But if its really needed, then you should pay what it costs. I know a lot of us have been suffering from this concern, hopefully its team will actually make an action so we can save even with just small funds.

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Quote from: RIFAT001 on October 11, 2021, 02:10:05 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?

So far yes it is. We cant do anything about the gas fee, hence wait for the network to cool down and wait for the fee to recede. Right now a lot suffer with it due to heavy usage of eth network and fee that includes massive transactions of nft. For sure it will take a while before eth fixed this thing.

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Quote from: TWW on October 12, 2021, 12:08:18 AM

Quote from: khiholangkang on October 11, 2021, 11:40:24 PM

Quote from: RIFAT001 on October 11, 2021, 02:10:05 PM

Currently I think the Ethereum platform is the most expensive. What do you think?

It's true that ETH is the coin with the most expensive transaction fees at the moment, that's why many projects that were previously only on the ETH network they create new tokens on other networks such as BSC or MATIC to make it easier for users, in MATIC and BSC the fees are much lower.

We all know the problem of ethereum expensive transaction fees. The movement of blockchain networks is mostly done to save their merchant community.
because of course to use tokens from new or developing projects and make their market stronger is the support of trading in the market. when the cost is getting more expensive, it will certainly make more traders protest and stop their activities. they can even withdraw their money and move on to another project.

The very bad effects of having huge fees, but people who use ETH chain are not just small time traders there are many who are
capable in covering fees without any problem, those whales who are not care about that huge amount since they are transferring
bulk amounts of assets. Mostly affecting small traders who can't risk sending transactions knowing that the value of their assets
sometimes is more lesser than the amount they wanted to trade.

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Quote from: khiholangkang on October 11, 2021, 11:40:24 PM

It's true that ETH is the coin with the most expensive transaction fees at the moment, that's why many projects that were previously only on the ETH network they create new tokens on other networks such as BSC or MATIC to make it easier for users, in MATIC and BSC the fees are much lower.

Now it is true that ETH is a network with very expensive transaction fees after Bitcoin, but who has said this in the past ? I don't think anyone said this in the past even though the amount that had to be spent on each transaction was also not much different from what it is now, but because the price of Ethereum has increased several times, it makes the amount of Gas costs bigger and this is very very reasonable.

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Quote from: RIFAT001 on October 11, 2021, 02:10:05 PM

Currently I think the Ethereum platform is the most expensive. What do you think?

The most expensive blockchain in the crypto history. Miners were so greedy and they didn't want the blocksize to be increased. Miners are doing shit to the ethereum.
The fees on uniswap will always be changing following how crowded the transaction in ethereum network is. that being said that if it will never decrease again. The london hardfork was making it even worst than before.
A few months before london hardfork the transaction fees of ethereum were so cheap as it has ever touched less than a dollar but now this is the worst blockchain ever i seem.
Blockchain needs to be a better thing than bankers or another payment system but the situation in ethereum network has been making it looks even worst than normal payment system.

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Quote from: khiholangkang on October 11, 2021, 11:40:24 PM

Quote from: RIFAT001 on October 11, 2021, 02:10:05 PM

Currently I think the Ethereum platform is the most expensive. What do you think?

It's true that ETH is the coin with the most expensive transaction fees at the moment, that's why many projects that were previously only on the ETH network they create new tokens on other networks such as BSC or MATIC to make it easier for users, in MATIC and BSC the fees are much lower.

We all know the problem of ethereum expensive transaction fees. The movement of blockchain networks is mostly done to save their merchant community.
because of course to use tokens from new or developing projects and make their market stronger is the support of trading in the market. when the cost is getting more expensive, it will certainly make more traders protest and stop their activities. they can even withdraw their money and move on to another project.

khiholangkang

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Quote from: RIFAT001 on October 11, 2021, 02:10:05 PM

Currently I think the Ethereum platform is the most expensive. What do you think?

It's true that ETH is the coin with the most expensive transaction fees at the moment, that's why many projects that were previously only on the ETH network they create new tokens on other networks such as BSC or MATIC to make it easier for users, in MATIC and BSC the fees are much lower.

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Ethereum network is over-rated and needs to stop their nonsense if they wanted to keep their investors happy and contented with their service because it's almost every day or every week's people are not satisfied with what they are saying just for mere transaction fees. If you ponder on some other network, BSC and MATIC are better especially MATIC where there's almost nothing to pay for when doing transactions. People will switch to this available network if they find some way to use it as an alternative to Ethereum Network.

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Quote from: OcTradism on October 11, 2021, 10:30:37 PM

Price of $DOT is lower than $SOL (Solana) but the potential of Polkadot is bigger than Solana. I think the ecosystem of Polkadot will be the real and biggest competitor of Ethereum. Solana is not. Another big competitor of Ethereum is Binance Smart Chain.

Let's not talk about price because SOL has already taken the lead on it. So why is it that SOL has the market but not DOT? Or is it already finished? Can you elaborate more on why it can be the Ethereum killer? I have been looking for something that I can invest in for the long run instead of just BTC. I have known DOT for quite some time but have not yet invested in it.

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Quote from: crwth on October 11, 2021, 10:19:39 PM

This is one of the reasons why the users and developers of ETH are going away and doing new projects. Many people are collaborating and creating new chains, and they are faster and better than ETH. It's just that ETH is like the BTC of contracts. It's the starter of that, and it has paved the way to development and making faster and better technology.

One of the developers, co-founders of Ethereum, Gavin Wood left Ethereum project and created a new project that can be Ethereum killer, Polkadot and Kusama.

Price of $DOT is lower than $SOL (Solana) but the potential of Polkadot is bigger than Solana. I think the ecosystem of Polkadot will be the real and biggest competitor of Ethereum. Solana is not. Another big competitor of Ethereum is Binance Smart Chain.

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This is one of the reasons why the users and developers of ETH are going away and doing new projects. Many people are collaborating and creating new chains, and they are faster and better than ETH. It's just that ETH is like the BTC of contracts. It's the starter of that, and it has paved the way to development and making faster and better technology.

Many people are surprised with how much it can be but do not know how much you know the network is valued. It's not wise to transact at such a high rate, but people are using it because of its applications.

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Quote from: sheenshane on October 11, 2021, 07:58:57 PM

You can monitor it here, https://etherscan.io/gastracker.

You can check it with other websites

https://ethgasstation.info/index.php
https://ethgasstation.info/calculatorTxV.php
https://ethgas.watch/

Monitor GAS price is not enough because sometimes your transactions can be stucked on the network if suddenly the network has big changes. You will have to cancel or replace your transactions.

[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

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Quote from: RIFAT001 on October 11, 2021, 02:10:05 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?

I feel you because I also waiting when the gas fee drops below $5 to transfer my coin into exchange but it seems it's impossible to happen.
The gas fee isn't permanent, it also fluctuates the same as the price of the Etheruem, the same as what I have done, I'm looking for perfect timing when the gas fee reduces too much.

You can monitor it here, https://etherscan.io/gastracker.
Currently, Uniswap has an estimated cost of transfers and interactions fee, it's currently $70 for the low transaction cost.

Topic: Ethereum and additional gas fees - page 4. (Read 568 times)