Topic: Ethereum Gas fee issue (Read 316 times)
Now ether, this is a coin for the rich, as the transfer fee starts from $ 15. I do not understand why such a price for a transfer and most of the coins, the price of which is about $ 50, is not even profitable to touch, since it goes to zero or even to a minus in money.
Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
there's nothing that can be done if the problem is transaction fees. because all transactions require fees. However, it is unfortunate if you currently use ethereum in small amounts, as Ethereum's current transaction fees can be up to half of your assets ($ 30). so I suggest not making any transactions using ethereum at this time. exchange your eth with other altcoins and after that you can trade.
Gas fee has become a real headache for all the investors, especially for the ones who trade low quantities. Initially it was only seen on ERC-20 based platforms but today we have experienced somewhat similar issue on BSC platforms as well. That may reduce the edge BSC platforms had over the ERC-20 and also the attractiveness.
Does BSC network has the same tracking site for their fees? I don't know that BSC is getting expensive already. Maybe due to those projects that are switching to their network and a lot of new ones that are utilizing their platform. So the fate will be the same with ETH, as more projects are going to their network, the fees will be expensive. And when that happens, users may go back again to eth, when the eth team resolves their gas efficiency problem. And it will be soon.
I am not sure if there is a website like gasstation for ETH but you can see here
https://explorer.bitquery.io/bsc/gas
The transaction cost is far less than $1 per transaction on average in May. I have no idea what the load is that the network has to handle these days and what would happen if the load was about that of Ethereum.
Gas fee has become a real headache for all the investors, especially for the ones who trade low quantities. Initially it was only seen on ERC-20 based platforms but today we have experienced somewhat similar issue on BSC platforms as well. That may reduce the edge BSC platforms had over the ERC-20 and also the attractiveness.
Does BSC network has the same tracking site for their fees? I don't know that BSC is getting expensive already. Maybe due to those projects that are switching to their network and a lot of new ones that are utilizing their platform. So the fate will be the same with ETH, as more projects are going to their network, the fees will be expensive. And when that happens, users may go back again to eth, when the eth team resolves their gas efficiency problem. And it will be soon.
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Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
Transferring digital assets without GAS fees especially on the current Ethereum network is not possible. You can only make transfers if you have ETH balance in your wallet which will later be used to process transactions as a reward for the miner who signed your transaction on the Blockchain.
Currently you can check the transaction fees that are currently in effect on the Ethereum network using the GAS Tracker service from Etherscan or Ethgasstation
Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
USDT is an ERC-20 token which means you need to have Ethereum and your wallet too to be able to transfer it. For every transaction you are sending on the Ethereum Network you need to pay some Ethereum as payment for the transaction fee. At the moment the ethereum network is under very high traffic which means you have to pay ETH worth 30$ or more for a ERC-20 transaction and even 100$ or more for a swap on uniswap. So you should wait for the gas price to go down again before you are sending or swapping your 60 USDT because the fee costs would be higher than the actual transaction.
Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
I believe you had no idea Ethereum gas fee was this crazy, sorry about that but if you actually asked or made a research before buying you would had an idea why you shouldn't buy an ERC-20 usdt, rather you would have bought Trc20 -USDT, cause it doesn't require much fees as ERC-20 usdt those, for your case there's absolutely no way to resolve this, just get some eth and wait for the gas prove to go down then transfer the usdt to an exchange, theres no other way out.
Gas fee has become a real headache for all the investors, especially for the ones who trade low quantities. Initially it was only seen on ERC-20 based platforms but today we have experienced somewhat similar issue on BSC platforms as well. That may reduce the edge BSC platforms had over the ERC-20 and also the attractiveness.
Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
The mistake that newbies often make is lazy to read, and at worst they have done it before they know what they have done. they should have asked earlier before they took an action or decision to do something. so that in the end they suffer a loss. so my advice before doing anything is better to ask first. because ETH (ErC-20) transaction fees are currently very high it will make it difficult for other people to provide solutions to you. because you did. make this an important lesson for you in the future.
Come on man, have you ever been a newbie to anything and were angry about yourself because you acted before reading? I have been a newbie often times. What's the point of bashing this guy who comes out honestly and asks for advice? Give him the advice plus the advice where he can read stuff up.
Sad to see how you respond to someone who searches for help on this forum.
Willing to comment on your comment again considering the fees you pay these days for ETH transactions?
I welcome you to correction yourself. We are at $60 - $70 for an average transaction. There is nothing you can do against it except for being patient and not trade or move your tokens. Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
All ERC20 based tokens will require ETH to make transactions, you must have ETH in your wallet if you want to make transactions such as sending or swapping 
Just like you drive a car, you have to refuel first to be able to run the car, so in the cryptocurrency world it's the same, if you want to send USDT you have to buy a little ETH to be able to make transactions, which is called gas fees.
I tried to swap my Tango tokens on uniswap and i was charged over $30 worth of ETH for the transaction as if that wasn't bad enough, the transaction still failed. Now the transaction didn't go through, but i still lost some money.
Ethereum gas fees are so ridiculous right now and it is putting a lot of people off from investing in cryptocurrencies
Ethereum gas fees are so ridiculous right now and it is putting a lot of people off from investing in cryptocurrencies
I thought the eth gas fee has been reduced because of the berlin hard fork. Unfortunately, still the fees are ridiculous. Have you checked the gas tracker - https://etherscan.io/gastracker, before executing your transaction. The fees are still high, I thought it has been reduced at least a lil bit. Right now, BSC network is really a better option. It is not worth to create an order if the fee is more than what you're getting for.
Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
There is no option for that. You need to pay gas fee by ethereum in order for your transaction to be approved. Even if you are able to manage and proceed your transactions, miners will skip them for 100% because they have no benefit in sending your coins The current eth fee is high. So many people change to althernatives blockchain such as binance smart chain or phantom. They are faster with less fee consumed.
I tried to swap my Tango tokens on uniswap and i was charged over $30 worth of ETH for the transaction as if that wasn't bad enough, the transaction still failed. Now the transaction didn't go through, but i still lost some money.
Ethereum gas fees are so ridiculous right now and it is putting a lot of people off from investing in cryptocurrencies
Ethereum gas fees are so ridiculous right now and it is putting a lot of people off from investing in cryptocurrencies
Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
I think you can sell your tokens and buy altcoins or stable coins on other networks, for example, Tron and BSC, there are many options but if you want to make a withdrawal from a CEX exchange (Coinbase), at least you will be charged a $10 to $20 withdrawal fee,because each CEX exchange has different fees when users make withdrawals.
Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
Actually, you can't do anything by checking gas prices on Ethereum. Now only you can wait for a proper time, which is about 1-2 weeks. Ethereum price goes down to 1> USD. This year fork is also complete, now waiting for gas fees. Next time, you can use top exchange to buy any cryptocurrency, recommend Binance. Your investment is very low, so a high cost could hurt you. Gas fees aren't always high in 24 hours. Hi, I'm totally new in crypto. I just purchased $60 USDT (Erc-20) in my Coinbase wallet. I wish to trade or swap it. But, when I am trying to do it that's the time it shows that "I don't have enough Ethereum for Gas fee". Please help me and let me know is there any option to do it without Gas fee?
unfortunately one of the biggest limitations that prevented a greater diffusion is precisely the high cost of transactions on the occasion of such bullish markets, I hope that with ethereum 2.0 this can be solved.
You need to find out how crypto works. as far as I know all transactions require gas fees, especially for sending to the exchange. Regarding eth gas fee you can find it here https://etherscan.io/gastracker
You should have asked your mentor or just watch some video before attempting to trade on ERC20 with such low amount. I just claimed an airdrop worth $45 using $21 in gas fee. Eth network is currently useless and a killer. ETH network has a problem with handling huge transactions than it was originally designed for hence the surge in gas fee.
Currently doing transactions using the ethereum platform costs a lot of money because the gas fees applied are too high, I personally have to postpone selling my tokens because if I calculate with the existing gas costs I only get less than 30% of the token sales in uniswap and in recent days I have been monitoring https://etherscan.io/gasTracker and hope that there will be a reduction in gas costs at uniswap.
You should have asked your mentor or just watch some video before attempting to trade on ERC20 with such low amount. I just claimed an airdrop worth $45 using $21 in gas fee. Eth network is currently useless and a killer. ETH network has a problem with handling huge transactions than it was originally designed for hence the surge in gas fee.
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