Author

Topic: help needed. (Read 167 times)

sr. member
Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
September 03, 2020, 06:42:51 AM
#17
now it's just crazy because defi projects have become popular and people are ready to pay $ 100 commissions. I believe that all users just should to stop supporting such projects. Therefore, I expect that there will soon be a strong wave of popularity of defi projects that are based on other blockchains.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 03, 2020, 05:43:19 AM
#16
hi Guys
but for each transaction on metamask requiring those coins it asks me to pay 40-50% Fees.

That means 50$ transaction 30$ fees

Due to the load on the Ethereum network caused by hype around DeFi, such a commission is now standard. I do not know if it is possible to replenish my liquidity pool by transferring coins directly from the exchange, but I made a transfer from Binanca ETH today and the commission was only 0.01300000 ETH.
full member
Activity: 896
Merit: 198
September 03, 2020, 05:24:10 AM
#15
hi Guys

I need your help Im a newbie with using eth using metamask currently.

And I wanna buy some YFI coins and store them in the pool liquidity.

but for each transaction on metamask requiring those coins it asks me to pay 40-50% Fees.

That means 50$ transaction 30$ fees


How can that be possible ? Im pretty sure some settings or something is wrong pls help. !

that's how ethereum platform ask for fee today. You need to pay that fee if you want to continue buying that currency or transferring your tokens and that's normal thing now since ethereum platform is again congested its happen every time that wth is congested and that's also the reasons why many wth tokens increase its price because its hard for low budget traders to pay that fees.



The current TRX fees are really high, surprising isn't it? But it probably only a few didn't know it just like you and we have no choice as well.

The best option for you now is to used Bitcoin instead of using ETH to buy FYI if you want to save bucks. If you already have an account in Binance and you already have deposits, well, it is not a problem and could be easier for you to trade directly. I think others do the same but if you don't have, that is a big problem otherwise...

If that fee really matters to you, then you have no choice but not to buy it. Could be that sorry.

bitcoin is also have high fees but much lower compared to ETH asked for every transactions.
hero member
Activity: 2828
Merit: 518
September 03, 2020, 05:24:00 AM
#14
The current TRX fees are really high, surprising isn't it? But it probably only a few didn't know it just like you and we have no choice as well.

The best option for you now is to used Bitcoin instead of using ETH to buy FYI if you want to save bucks. If you already have an account in Binance and you already have deposits, well, it is not a problem and could be easier for you to trade directly. I think others do the same but if you don't have, that is a big problem otherwise...

If that fee really matters to you, then you have no choice but not to buy it. Could be that sorry.
hero member
Activity: 2632
Merit: 833
September 03, 2020, 05:16:36 AM
#13
Oh well, that's the nature when crypto space is on the hype, gas fees are exorbitant high. So no one can really help you out, except that you monitor the gas price and see if it will go down. And unless we've seen negative news to pull down the price of the altcoin market again, I don't see the gas price normalising again, sad but true.

Or at least Eth2.0 is release to help ease out the scaling issues that Ethereum network is experiencing.
copper member
Activity: 210
Merit: 1
September 03, 2020, 05:14:25 AM
#12
The ethereum network has been experiencing a huge surge in transaction fees and that explains why you could be charged for transactions even more than the value of what is being transacted. We really can't do anything about it and the best you can do is wait for the transaction fee to reduce.
member
Activity: 1008
Merit: 12
SAPG Pre-Sale Live on Uniswap!
September 03, 2020, 05:02:48 AM
#11
Unfortunately you cannot get any help in this regard. You have to accept the fact that the transaction fee is sky high these days so if it is affordable to you go ahead with the transaction or wait for reduction of fee.
We are all in the same boat and facing similar situation which is really annoying.
member
Activity: 378
Merit: 11
September 03, 2020, 03:06:24 AM
#10
Dude unless you are moving millions right now it is not the best time to use the Ethereum blockchain for transfers. If you planning on purchasing YFI, use a safe CEX like Binance or Huobi or whatever other exchange that you think is safe to use for your area.     
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
September 03, 2020, 02:56:04 AM
#9
Someone said even for 100,000$ transaction the fees will only be 30$ ? and for 5$ too ?
It is for real and even happened last few weeks ago, there's a $35-M worth of Ethereum transfer and the fee was that pretty low. If you're being asked to pay for a high fee of gas, go with the recommended or it's simple that don't pursue the transaction if it's okay.
(https://nairametrics.com/2020/08/17/unknown-eth-whale-moves-35-million-dollars-worth-of-ethereum/)
TXID: https://etherscan.io/tx/0x4917c418c73ff208d3811168239447298378d13a5bbe532f6af68393527bf320

hero member
Activity: 3038
Merit: 526
Leading Crypto Sports Betting & Casino Platform
September 03, 2020, 02:49:02 AM
#8

Someone said even for 100,000$ transaction the fees will only be 30$ ? and for 5$ too ?

Whatever how much your tx fees and it will be required the same fees. You must see this before try to generate a transaction https://ethgasstation.info/

It has called as a standard transaction fees. That doesn't matter a lot how much your funds that must be sent to the another wallet and when the standard fees to get the fast confirmation from the block was around $30 and when you are sending a small amount of money to another wallet and you must also need to pay the same amount to make your transactions to be confirmed in a short time but when you wanna pay less than it and you must wait until the standard tx fees in the network will go down or your tx will be stuck in the network.

Whatever $100,000 or $5 when the standard fees was $35 and both should pay the same fees ($35)
hero member
Activity: 3052
Merit: 651
September 03, 2020, 02:40:54 AM
#7
I bought the token from centralized exchange but  I want to add pool liquidity on uniswap.

Someone said even for 100,000$ transaction the fees will only be 30$ ? and for 5$ too ?

Whoa! It's like they made it the flat rate? Hmm.
Miners are having fun now.  Grin So does whales.

For OP. It is congested so that is normal.
It's either you wait or your risk it thinking you can have it back with profit from all this hype.
sr. member
Activity: 910
Merit: 351
September 03, 2020, 02:33:12 AM
#6
Don't use Uniswap for at least a few days. People have gone crazy paying 600 GWEI or so for a damn transaction. I don't really know why they would do this except to case for the DeFi hype, so let's wait for it to burst and people finally realized how stupid their decision making is.
member
Activity: 250
Merit: 10
September 03, 2020, 02:28:30 AM
#5
hi Guys

I need your help Im a newbie with using eth using metamask currently.

And I wanna buy some YFI coins and store them in the pool liquidity.

but for each transaction on metamask requiring those coins it asks me to pay 40-50% Fees.

That means 50$ transaction 30$ fees


How can that be possible ? Im pretty sure some settings or something is wrong pls help. !

If you are buying using uniswap or any other decentralized swap exchange then you would have to gas fees which is extremely high right now. I would suggest you rather buy YFI token from any centralized exchange that way you will have to pay little as a fee.

I bought the token from centralized exchange but  I want to add pool liquidity on uniswap.

Someone said even for 100,000$ transaction the fees will only be 30$ ? and for 5$ too ?
legendary
Activity: 1330
Merit: 1001
September 03, 2020, 01:50:31 AM
#4
hi Guys

I need your help Im a newbie with using eth using metamask currently.

And I wanna buy some YFI coins and store them in the pool liquidity.

but for each transaction on metamask requiring those coins it asks me to pay 40-50% Fees.

That means 50$ transaction 30$ fees


How can that be possible ? Im pretty sure some settings or something is wrong pls help. !

If you are buying using uniswap or any other decentralized swap exchange then you would have to gas fees which is extremely high right now. I would suggest you rather buy YFI token from any centralized exchange that way you will have to pay little as a fee.
legendary
Activity: 2660
Merit: 1261
September 03, 2020, 01:47:43 AM
#3
Is not really wrong, you can see the gas fee of the transaction on Ethereum was around 300-500 Gwei.

Most of decentralized exchange one of them "Uniswap" have a default set up for the Gas Fee & Gas Limit you need to pay each transaction. Let's take an example of IDEX/Etherdelta, they have a default set up for the gas limit "200.000"/Tx. If you change it or make it lower not using a default gas transaction from them, your transaction could be fail. Go to Centralized Exchange if you don't have money to pay using Decentralized Exchange.

How to calculated the fee transaction : (Gas Limit * Gas Gwei = Your Fee Transaction)

Since DeFi make the gass fee always increase, so for a small trader with small transaction not a good option trade on DEX.
hero member
Activity: 2086
Merit: 761
To boldly go where no rabbit has gone before...
September 03, 2020, 01:45:25 AM
#2
hi Guys

I need your help Im a newbie with using eth using metamask currently.

And I wanna buy some YFI coins and store them in the pool liquidity.

but for each transaction on metamask requiring those coins it asks me to pay 40-50% Fees.

That means 50$ transaction 30$ fees


How can that be possible ? Im pretty sure some settings or something is wrong pls help. !

Nothing is wrong on your side.
ETH is facing an all time usage high, and fee's have skyrocketed. Even when you send from wallet to wallet, fee's are around $5. ASnd when you consider interacting with a smart contract, it goes up tenfold
member
Activity: 250
Merit: 10
September 03, 2020, 01:34:09 AM
#1
hi Guys

I need your help Im a newbie with using eth using metamask currently.

And I wanna buy some YFI coins and store them in the pool liquidity.

but for each transaction on metamask requiring those coins it asks me to pay 40-50% Fees.

That means 50$ transaction 30$ fees


How can that be possible ? Im pretty sure some settings or something is wrong pls help. !
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