Topic: Gas Fee Of BNB Is Increasing - page 10. (Read 1803 times)
The reason behind fee increasing is adoption more and more project are coming on binance smart chain so in that case people are using it so that's why fee is increasing exponentially.
Actually, Gas fees are related to the transactions load on the network and if more users using ETH or BSC network then priority will be for those who pay more gas fees and that's why gas fees are increasing but the BSC chain gas fee is very low almost $.0.12 or less per transaction and I think this is good fees to using BSC chain.
Currently BNB network transaction gas fee is increasing.Few month ago BSC network transaction fee was too but now its very increasing. But BSC gas fee too low than ETH gas fee.Many people now Trade on BSC Network.I think BNB gas fee will not increase in future.
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
I myself have noticed that the transaction fee of BSC network is increasing day by day. However, even if the transaction fee increases, it is still tolerable. Because every transaction on ETH network costs about $10-15. The transaction fee of BSC network is much less than that.All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
I myself have noticed that the transaction fee of BSC network is increasing day by day. However, even if the transaction fee increases, it is still tolerable. Because every transaction on ETH network costs about $10-15. The transaction fee of BSC network is much less than that. 
Due to the high gas fees maximum people choices Binance smartchain Network for fund sending/receiving becouse everybody knows that It's transaction fees is very low and fast than Etherium network. Now maximum people use this system and it is the another reason for increasing gas fees.
We have seen a huge increase of projects being built on BSC network, its not hard to predict how things will turn out in the next few years if Binance wont get bust from all the regulatory problems they have lately. And if eventually fees will be as high as on ETH chain, then i am sure there will be another blockchain who will take up this opportunity and filled the gap.
It is very sad. Currently, many traders have opted for Bep20 due to low fees. Lately I have seen that the fee has increased a lot. Above about 1$. Which used to be 8-15 cents. There are many small traders who are facing losses in this. Maximum low capital trader does not swap on Erc20. If Bep20 increases in the future, maybe they will move away from Bep20.
At least BNB gas fee is still far lower than ETH gas fee. The rising price of gas fee in BNB is because the BNB coin price is rising.
The BNB gas fee is not too high, which is only around 5-10 GWEI per transaction, see here : https://bscscan.com/gastracker
Small traders should not using DEX because the swap fee is higher than the trading fee in CEX.
It is very sad. Currently, many traders have opted for Bep20 due to low fees. Lately I have seen that the fee has increased a lot. Above about 1$. Which used to be 8-15 cents. There are many small traders who are facing losses in this. Maximum low capital trader does not swap on Erc20. If Bep20 increases in the future, maybe they will move away from Bep20.
At least BNB gas fee is still far lower than ETH gas fee. The rising price of gas fee in BNB is because the BNB coin price is rising.
The BNB gas fee is not too high, which is only around 5-10 GWEI per transaction, see here : https://bscscan.com/gastracker
Small traders should not using DEX because the swap fee is higher than the trading fee in CEX.
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
Even if it increases, I find it insignificant to make a profit on each bsc20 trade. And if you look at the cost of successful transactions on erc20, I have no reason to complain. I think it's just a very small problem, and not much to worry about because in reality there are so many options in this field, it's not a good approach to judge by cost alone. with this market, and of course DYOR.
Ofcourse it will increased since the transaction getting rush on their network, but we have many option beside the BSC network. I am a trader, while i count and still worth it, ill do it in any network beside me.
The most accessible system now for new projects is BNB. Ether has become too expensive for projects, translations are too expensive, and even basic features cost too much. I hope that soon the cost of translations will change with the introduction of ecosystem 2.0
Is the current increase in transaction costs in bnb caused by the increasing price of bNb? Or is it just because the number of Binance users continues to increase, so the number of transactions continues to grow and causes high gas fees?
Both. When more people congest the blockchain with swaps and trades, the cost per transaction increases too.
Just like ETH.
Is the current increase in transaction costs in bnb caused by the increasing price of bNb? Or is it just because the number of Binance users continues to increase, so the number of transactions continues to grow and causes high gas fees?
It is very sad. Currently, many traders have opted for Bep20 due to low fees. Lately I have seen that the fee has increased a lot. Above about 1$. Which used to be 8-15 cents. There are many small traders who are facing losses in this. Maximum low capital trader does not swap on Erc20. If Bep20 increases in the future, maybe they will move away from Bep20.
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
The current increase in ethereum gas, actually makes more people use their services, I am also very surprised at this condition, there is no strong reason for us and them to continue to use these services, even today there is no such thing as free gas, there is only an increase in the cost of the gas, even though almost everyone is heading and paying attention to BNB at this time, it is quite strange indeed, if we try to put this into our logic and try to understand it as a whole.
As the demand increases, what they can do is slowly increase the gas fee. It may not be high but for those who are willing to pay higher fees for their transactions, they can do so. Just like in eth network. In time, we will see how BNB network will address their congestion. As many projects are diverting their interest to BSC network, very soon, we will find out that this network is also experiencing congestion.
Gas fees are much lower than ethereum's at present the demand of BNB has increased a lot and the amount of its gas fee is increasing due to more transactions. Developers are increasing their amount I think there may have been a problem with their network it has not yet been implemented properly The demand for binance to be its own currency is always high in the market such a high amount of fees will not last very long.
On a direct transaction now it costs 25 cents for BNB, which I just tried today and only a few months ago it was only 3 cents,,, so that is a 8x growth when the price has only grown about 2 times. So from the math it is easy to see things will also heat up.
Whereas for ETH yes it is high now but a while back it was "only" $2 at $4000 price
All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.
The current increase in ethereum gas, actually makes more people use their services, I am also very surprised at this condition, there is no strong reason for us and them to continue to use these services, even today there is no such thing as free gas, there is only an increase in the cost of the gas, even though almost everyone is heading and paying attention to BNB at this time, it is quite strange indeed, if we try to put this into our logic and try to understand it as a whole.
Right now many trader and investor move to pancake exchange because support with BSC network as fees transaction lower than ERC20 network, I think not higher impact although gas of BNB coin increasing because still very expensive fee pay by trader and investor if using coin support by ERC20 network. Better keep using bsc as network coin and have lower fees transaction right now than if you use ERC20 coin where take more than 30$ when selling or buying coin on uniswap.
Gas fees are much lower than ethereum's at present the demand of BNB has increased a lot and the amount of its gas fee is increasing due to more transactions. Developers are increasing their amount I think there may have been a problem with their network it has not yet been implemented properly The demand for binance to be its own currency is always high in the market such a high amount of fees will not last very long.
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