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Topic: Fees are sky high - page 3. (Read 830 times)

sr. member
Activity: 1190
Merit: 251
February 07, 2021, 11:48:35 PM
#67
I agree. I recently withdrew from the exchange, they took almost 50 dollars from me in the amount of 482 dollars
If you are withdrawing in dollars, then try to use the TRC-20 platform which is supported by dollars as well, the fees will definitely be very cheap and will not cause you to lose, and the speed is also not too long, this is a good solution for now.
copper member
Activity: 1428
Merit: 253
February 07, 2021, 11:22:50 PM
#66
Now that the market is bulling the gas price is also mooning which is for us very painful knowing that what left on us is just little because of this matter. I think developers must talk a look on this issue to help ease the problem and struggles of every crypto enthusiasts.
what should have been resolved from last year is this very high and unstable gas problem. we've seen this happen even before this pump happened. the developer really has to work hard to get it done as fast as possible. this is a problem for everyone who wants to make a transaction and they finally cancel the transaction.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 09:56:32 PM
#65
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
With 35 $ in BCH and withdrawals will be very high.  So I can suggest, 35 $ option to buy TRX, XRP, DOGE ... these are good trend coins, low conversion fee.  Go to the current good quality DEX like UNiswap, Justswap and hash it for BCH when you want.  By this method, you will get a cheaper price Smiley)
XRP has small fees which is the best option but the problem is if that is available to the exchange that OP has used because we know that some exchangers are delisting XRP coin.
Anyway, what we got from $35? The honest this is that it very small amount to start investing crypto especially during this that fees are considerably high. You have nothing left on us if we only have $35 on our hand.
What I can suggest to OP is that you add some more. $100 is might be enough...

Correct, with such a small amount of capital, there's nothing be left or I mean you can't do much with that small amount, to feel everything better to have much higher amount of funds.

There are particular coins to begin with small fees trx, xrp and doge, you can use those as good alternative especially if you are just starting, the fees are not that much.

You should just use exchange who accept this  coins/ alternative coins in order to execute your trades.
newbie
Activity: 136
Merit: 0
February 07, 2021, 09:40:31 PM
#64
I agree. I recently withdrew from the exchange, they took almost 50 dollars from me in the amount of 482 dollars
full member
Activity: 2128
Merit: 180
February 07, 2021, 08:52:06 PM
#63
The fees are not small anymore the way it used to be, and i don't know why its happening and I'm thinking if there's a chance to improve this one since this is not just on BCH but all the whole market, if you are transacting small amount of money the fees will just eat that so its not that worth it.

Why would uou buy BCH ? It is not even close to litecoin supporter. BCH with only small transaction already coat you that high fees, ut is proof of BCH will have problem in the future when the price is sky rocketing. The most cheapest transaction fees is litecoin and dash and dogecoin now.
He just want to buy BCH and its his problem anymore, we all have different strategies on trading so let's respect it.
member
Activity: 139
Merit: 20
February 07, 2021, 08:27:38 PM
#62
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
I would probably use a wallet that has a built-in exchange to swap BTC to BCH. Fees are likely going up as the asset value goes up, High fees is really a burden to the small transaction and not really worth to transaction because of the fee. Actually I always go for the low fee and accelerating it but Some Transaction accelerator need some payments but there are some on the internet that provides free accelerator.

I was thinking about doing that, tho blockchains *free* swapping service still takes 0.0002btc fee when swapping from BTC to BCH, but I think I've got it, I'd have to upgrade to a gold member to be able to swap more or something like that.

Just a curious question. Why are you trying to buy BCH?  Huh
I don't see it getting a good hype anytime soon. Will it be used for a different purpose?

If you really want a little cheaper tx fees you can use other coins.
But if you do insists to force your way then check the time where there is no heavy traffic for tx's.

Well because I want to sell them and out local exchange accepts BCH, and I have 35$ on blockchain (BTC) and 45$ (that I'll buy BCH with) on cex.io, so yeah. :d

XRP has small fees which is the best option but the problem is if that is available to the exchange that OP has used because we know that some exchangers are delisting XRP coin.
Anyway, what we got from $35? The honest this is that it very small amount to start investing crypto especially during this that fees are considerably high. You have nothing left on us if we only have $35 on our hand.
What I can suggest to OP is that you add some more. $100 is might be enough...

Fair enough amount to invest in some cheap coins :d The main point is that I want to transfer BTC from my blockchain wallet to my cex.io wallet and buy BCH and eventually sell, but since BTC has high fees, it's somewhat better for me to swap for BCH directly on blockchain and transfer as BCH since the fees are low. So basically, I'd have about 100$ to mess around with a little bit on cex.io.
hero member
Activity: 2828
Merit: 518
February 07, 2021, 06:45:49 PM
#61
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
With 35 $ in BCH and withdrawals will be very high.  So I can suggest, 35 $ option to buy TRX, XRP, DOGE ... these are good trend coins, low conversion fee.  Go to the current good quality DEX like UNiswap, Justswap and hash it for BCH when you want.  By this method, you will get a cheaper price Smiley)
XRP has small fees which is the best option but the problem is if that is available to the exchange that OP has used because we know that some exchangers are delisting XRP coin.
Anyway, what we got from $35? The honest this is that it very small amount to start investing crypto especially during this that fees are considerably high. You have nothing left on us if we only have $35 on our hand.
What I can suggest to OP is that you add some more. $100 is might be enough...
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
February 07, 2021, 06:35:21 PM
#60
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
With 35 $ in BCH and withdrawals will be very high.  So I can suggest, 35 $ option to buy TRX, XRP, DOGE ... these are good trend coins, low conversion fee.  Go to the current good quality DEX like UNiswap, Justswap and hash it for BCH when you want.  By this method, you will get a cheaper price Smiley)
hero member
Activity: 2926
Merit: 567
February 07, 2021, 06:17:11 PM
#59
I'm low volume trader and investor if you can call me that lol... What I do is use Binance if possible... If not i try to move my money with coins which are not eth20 and have low fees...

That is for withdrawing but for depositing to exchange you will still have to spend exorbitant fees this is a big issue if your account is on a stand alone wallet like Electrum and Green Wallet that will be your issue having a hard time getting my small amount of Bitcoin on these two exchange , if you are on Exodus, there is an exchange there that you can use just be sure you have the right amount to trade they have a minimum amount to trade.
hero member
Activity: 1428
Merit: 506
February 07, 2021, 05:54:42 PM
#58
The transaction is very high these days which users are complaining. When you buy your funds you can only get a small amount the fee is high than the token you will buy. As I’ve read from others we have an options on this case using p2p you can have a small fee which I also try in binance.
hero member
Activity: 1246
Merit: 502
February 07, 2021, 05:40:46 PM
#57
Why would uou buy BCH ? It is not even close to litecoin supporter. BCH with only small transaction already coat you that high fees, ut is proof of BCH will have problem in the future when the price is sky rocketing. The most cheapest transaction fees is litecoin and dash and dogecoin now.
legendary
Activity: 2030
Merit: 1189
February 07, 2021, 05:34:34 PM
#56
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
These high fees are disgusting. What I suggest you don't do is send the transaction with slow gas as you're risking losing the gas fee and end up with a failed transaction.

Perhaps, you could transfer your money to an exchange platform like Binance where the fee might not be that high and then buy BCH from there???

Or else just wait until the fees drop as otherwise you will not have  much luck in buying much with the little money you'll be left over with.
hero member
Activity: 2856
Merit: 674
February 07, 2021, 05:31:23 PM
#55
Yeah that's a very big problem for small investors like us. I also feel same problem. For some coins the transaction fees are too high. If yiu send small amount of coin you can lose almost everything. see I normally change my hole balance to trx if I have to send something from one exchange to another and I send it to other and and change again to usdt or whatever I want. Otherwise you have to pay the fees that's it.

You just have to be smart, look for the coin that has a very low transaction cost, just like DOGE and TRX is good too. Me, I only send coins to gambling site and I use them to save from fees, just like other people, I only send a small amount in gambling sites, so fees would really hurt me if I don't know how to find a way to minimize it.
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
February 07, 2021, 04:31:58 PM
#54
Yeah that's a very big problem for small investors like us. I also feel same problem. For some coins the transaction fees are too high. If yiu send small amount of coin you can lose almost everything. see I normally change my hole balance to trx if I have to send something from one exchange to another and I send it to other and and change again to usdt or whatever I want. Otherwise you have to pay the fees that's it.
member
Activity: 490
Merit: 10
Bitfresh - iGaming with 90s UI
February 07, 2021, 02:59:54 PM
#53
It's horrible. I have not seen such prices since 2017, I was sure that Vitalik will be able to switch to POS and we will no longer see such huge prices, but as you can see, nothing happened and now we have to pay
legendary
Activity: 2198
Merit: 1032
February 07, 2021, 02:57:37 PM
#52
Well, this is not an issue for only investors or people who trade on daily basis but it is an issue for people like me who get paid weekly because of the payments in ETH and other ERC-20 Tokens my payments are delayed to next week because of the fee. I am really angry about the gas prices. That is why most new Defi projects are getting hands-on Quickswap, Lower fees, and fast transactions.

Regards
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 07, 2021, 02:43:20 PM
#51
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
I would probably use a wallet that has a built-in exchange to swap BTC to BCH. Fees are likely going up as the asset value goes up, High fees is really a burden to the small transaction and not really worth to transaction because of the fee. Actually I always go for the low fee and accelerating it but Some Transaction accelerator need some payments but there are some on the internet that provides free accelerator.
full member
Activity: 1246
Merit: 103
February 07, 2021, 02:41:31 PM
#50
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

please use another platform to make transactions whose transaction fees are easier than you are using the ethereum platform which currently requires a very large fee. Currently ethereum is not normal in terms of transaction fees and this is what many people complain about because it has hindered the process of transactions they want to send to various market exchanges. I hope this problem will be resolved quickly.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 02:31:19 PM
#49
Fees are the major concerns right now, bitcoin has high transaction fees, Ethereum has high transaction fees, it's really a horrible experience if anyone transacts in Ethereum right now except the person is a whale who is not concerned about fees, few days ago, I lost about $150 usd on Ethereum through uniswap, it's was really a painful experience cus that money is a lot my country's currency
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 02:29:47 PM
#48
Just a curious question. Why are you trying to buy BCH?  Huh
I don't see it getting a good hype anytime soon. Will it be used for a different purpose?

If you really want a little cheaper tx fees you can use other coins.
But if you do insists to force your way then check the time where there is no heavy traffic for tx's.
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