Gas Fee Of BNB Is Increasing - page 7.

Koutami

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Quote from: Ever-young on September 11, 2021, 01:49:17 AM

Bsc transaction have noticed that it’s increasing but it’s depends on the token which you are transferring, my recent transactions cost me less, but when I was sending hip.life and Goma token, the price increased to 3.4$ worth of bnb.

Basically its not because of the token that u trying to send, since any token transaction should be same fees.
Its would only have difference if you trying to interact with Smart-Contract since its need more resource to execute the contract on the chain.

Tigerheart3026

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Quote from: magnum cyber on September 09, 2021, 02:10:46 PM

Quote from: nicolas1979 on September 09, 2021, 01:35:44 PM

Quote from: Rana590 on August 27, 2021, 01:18:46 PM

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.

From the start the BNB blockchain transaction fees were not free. It's just lower than Ethereum blockchain transaction fees. However I don't know which platform you are using so argue that the BNB blockchain transaction fee is free. The increase in BNB transaction fees increases with the increase in BNB prices. As with previous Ethereum blockchain transaction fees.

but for me personally gas cost in BSC is still cheap compared to Ethereum Network. if you are interested then you can use the solana blockchain, matic or fanthom. gas cost on their platform is also cheap

yes bsc network is low fees then eth network. i leave to eth network and using bsc network and also i believe bsc will expensive day by day because it's transaction increased.
right now i see matic is the served lowest fees in the decade.

RussianEnglishTranslation

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Quote from: Rana590 on August 27, 2021, 01:18:46 PM

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.

Gas fees are increasing on BSC because a lot of people moved there from Ethereum and now it's congested. Fortunately the NEAR trustless token bridge (rainbow bridge) is being deployed to BSC, so BSC users will be able to trade on Aurora or NEAR protocol's Ref Finance with lower fees and faster transaction times.

Ever-young

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Bsc transaction have noticed that it’s increasing but it’s depends on the token which you are transferring, my recent transactions cost me less, but when I was sending hip.life and Goma token, the price increased to 3.4$ worth of bnb.

FinneysTrueVision

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Quote from: Rana590 on August 27, 2021, 01:18:46 PM

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 standard gas price on Binance Smart Chain is still 5 gwei. In dollars it has increased because the price of BNB has gone up. There has been a lot of activity on the network so some people are paying a higher price for higher priority transaction even though if you use the default 5 gwei it will still confirm in less than a minute.

I do not consider it to expensive compared to ETH transactions but if you compare to BTC which people always complain about high fees it is actually cheaper to use bitcoin most of the time for me.

omone1

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The CEO of binance kept mocking ETH gas fee on twitter, but today same fate is befalling the BSC network, we understand ETH gas was cheap for a Long time before the evil gas fees started. Every now and then, my BNB is always exhausted for gas fee. Although they can choose to do something about it since it's POS. I am currently exploring layer2 on ethereum and Solana ecosystem.

sayam

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In the case of all things, it's seen that when the demand for something increases, it's price also increases at a constant rate. I think in the case of BNB, there have been the same incidents. Everyone has started coming to BNB after seeing the high gas price of Ethereum but now that same incident has happened in the case of BNB.

Tigerheart3026

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Quote from: rmhuntley on August 27, 2021, 03:08:08 PM

Quote from: Rana590 on August 27, 2021, 01:18:46 PM

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.

Depend with coin do you buy or sell, if you try with shit coin you need pay more gas about 1$ until 3$ but if stable and higher coin you only take few cent to swap on pancake or sending to other wallet, I have faced this problem because when I buy shit coin need to pay higher BNB fees and take slippage about 10% and more until 20%, better if you try buy with shit BSC coin have to know the risk.

don't think fees will depend on buying shit coin and higher price coin, fees is depend on the network movement.

actually people's leave ethereum to binance chain, bsc users significantly increasing so it's effect on bsc network so that fee is higher.

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Quote from: rmhuntley on September 10, 2021, 02:33:51 AM

Quote from: lousie9 on September 09, 2021, 10:28:26 PM

There is indeed an increase in gas BNB, followed by the current high price of BNB and the large trading volume on the platform can affect the current increase in the price of BNB gas costs, I see today's BNB is the same as Ethereum at that time, if BNB prices rose like the current Ethereum price most likely the fees given will also be the same as Ethereum.

When bnb coin dump will ability gas fee dump but if bnb keep stable higher price have the same later like eth have higher gas fees transaction, but sure the developer of bsc network CZ never allowed for gas fees high like eth, he will give great service way how to make gas cheapest than eth network and make many trader or investor interested with his coin for investing on the future.

Some people are also surprised when they see Binance smart chain transaction fees have increased,
everyone of course expects the transaction costs to come back down,
We'll see what the Binance smart chain development team will do

SistaFista

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Quote from: Benefactor on September 09, 2021, 03:09:49 AM

Still less expensive than Ethereum yet a put off when you are attempting to make a few dollars benefit to a great extent. Polygon is as yet modest. I figured BSC won't encounter this equivalent issue with ETH organization, ideally a superior arrangement will be out to address this one since BSC still one of the least expensive organization to manage. Later on it is conceivable, however I don't imagine that there will be costly exchanges. What's going on now with Ethereum is the franticness of the commissions are just extravagant.

If we compare BSC gas fee with ETH gas fee, BSC network is still better than ETH indeed.
ETH gas fee is high because some apps are using the gas fee as high as possible to get the fastest transaction time, for example : opensea and uniswaap exchange.
I think BSC gas fee will become high too if there are some dApps that use high gas with high volume in the future.

BayAngelo

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No matter how high it goes, it will never get close to Ether gas fees. i can't imagine paying a transaction fee of 40 USD for a trade of 90usd. it is disgusting. MORE projects and traders are embracing the bianance smart chain and it is certain that the gas fees will go up. the possibility remains that binance can handle transactions and can reduce the fees when it gets out of hand. ethereum can not solve this issue.(i think they can't)

ILuckyGuyI

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The number one reason for an increase in the gas fee of a coin is that an increase in its price. However, BNB struggled to rise at a good rate while Bitcoin and Ethereum were able to do it. Or the reason could be a serious increase in the demand for BNB. Because when so many people start demanding a coin, its network slows down and gas fees increase after these incidents. If none of these is the reason, then I have no idea what it could be. Grin

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Does anyone know if there is an alternative to https://etherscan.io/gastracker that will show current BSC transaction prices? Or a resource that will help me to calculate how much a transaction will cost? I have little experience with BSC, as I only trade rarely on pancakeswap and it showed me prices of 10 cents (was 6 cents previously) for allowing to swap and 60 cents for a swop itself.

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Quote from: lousie9 on September 09, 2021, 10:28:26 PM

There is indeed an increase in gas BNB, followed by the current high price of BNB and the large trading volume on the platform can affect the current increase in the price of BNB gas costs, I see today's BNB is the same as Ethereum at that time, if BNB prices rose like the current Ethereum price most likely the fees given will also be the same as Ethereum.

When bnb coin dump will ability gas fee dump but if bnb keep stable higher price have the same later like eth have higher gas fees transaction, but sure the developer of bsc network CZ never allowed for gas fees high like eth, he will give great service way how to make gas cheapest than eth network and make many trader or investor interested with his coin for investing on the future.

CaptainCrapper

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Quote from: Rana590 on August 27, 2021, 01:18:46 PM

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.

This is very harmful to all investors and traders cause all of the new projects trying to come BSC wallet just for quick transition and low costing but if they follow the Eth fee then all investors and traders will go polygon network I think polygon is more good from BNB and Eth next someday coming polygon and sol are leading position very soon.

Ulvajaya

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Actually, the two (BNB-Etherium) are not much different because they both use the same network so that when the network is congested or the transaction is busy, it creates network congestion so that one of them to expand the network must increase the gas to make it smoother and faster and so that the free gas BNB will also increase. the day is increasing

lousie9

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There is indeed an increase in gas BNB, followed by the current high price of BNB and the large trading volume on the platform can affect the current increase in the price of BNB gas costs, I see today's BNB is the same as Ethereum at that time, if BNB prices rose like the current Ethereum price most likely the fees given will also be the same as Ethereum.

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Quote from: Anguwa on September 09, 2021, 11:14:38 AM

Seriously, this issue of Gass fee increment is really complicated, Binance smart chain(BSC) was really preferred to Ethereum Gass fee. Because of Ethereum Gass fee many tokens were left in the Ethereum blockchain. I just noticed the Gass fee increment in BSC as I was charged more than what I was been charged before, although it is still far better than Ethereum Gass fee. I hope this Gass fee will surely reduced.

I dont think it will be reduced since the users of the BSC this time is growing, so its will attracted more transaction on the blockchain and people will start to increasing the gas to get the faster transaction.
Especially with the New coin offering transaction or another transaction that needs speeds on it.

It could be that the gas fee increase is happening not for too long because currently there are many users who switched from ETH to BSC because ETH gas price is increasing really high to the point it becomes really expensive. Maybe when that gas price of ETH has finally reduced many users will switch back to ETH and BSC gas price will also be reduced again.
I don't think the gas price of BSC will keep increasing more unlike ETH because even with many projects that are NFT based like games, the fee still cheap. Therefore it's unlikely to become like ETH.

harapan

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Quote from: Rana590 on August 27, 2021, 01:18:46 PM

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.

Before I use to think that bnb offered the best or lowest gas but it's not true, with eth gas fees souring high bnb isn't an option also since it takes about $1 to perform a transaction compared to other blockchain like near Protocol which takes less than $0.01 to carry out a transaction plus it has a 100k tps which is really impressive, bnb seemed to be the alternative at first but it didn't take long before the gas fees for it started going high as eth's, I think our best chance would be Near Protocol rather than bnb.

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Quote from: Benefactor on September 09, 2021, 03:09:49 AM

Still less expensive than Ethereum yet a put off when you are attempting to make a few dollars benefit to a great extent. Polygon is as yet modest. I figured BSC won't encounter this equivalent issue with ETH organization, ideally a superior arrangement will be out to address this one since BSC still one of the least expensive organization to manage. Later on it is conceivable, however I don't imagine that there will be costly exchanges. What's going on now with Ethereum is the franticness of the commissions are just extravagant.

As an alternative that also working with the same functions, BSC still far from the fees of ETH and yet there are more traders and investors now that already managing their investment using this system.

With those changes with the gas fee, still tolerable if you have fewer assets it's just a few pennies to spare unlike with ETH which you need decent amount of investment to make sure that paying the gas fee is acceptable if you'll be compensated with the trade that you'll going to execute, most of the time if you are small player the fee really hurts you.

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