High ETH withdraw Fees, how to Solve - page 2.

kaka manteng

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Quote from: airdata on November 18, 2021, 12:42:19 AM

I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?

At this time, Ethereum transfer fees are unbelievably high, which is why most people keep it. Don't face Ethereum's high transfer fees unless you have an urgent need. Hopefully in two months the Ethereum price will rise a lot and then we won't care about these fees

rahmad2nd

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Quote from: MFahad on February 01, 2022, 10:30:19 PM

Quote from: airdata on November 18, 2021, 12:42:19 AM

I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?

Why not use Ftx exchange For withdrawing Etherium. In my experience its fee is lower than binance and Kucoin. Currently value of charge is only 10-12$ and i think its not big.
Eth Gas fee is now big issue and exchanges cannot do any thing.

FTX is the best way how to solve high ETH withdraw fees because how much fund your withdrawing with ETH just take fees only 0.001 ETH, from other exchange market you need spent more than 0.02 ETH when sending fund for fees swap on Metamask, last transaction I made two weeks ago where withdrawing about 0.06 ETH for claimed airdrop coins, I have to pay fees 0.001 ETH and most cheapest fees than use Binance, Kucoin or Bittrex exchange market because all that exchange spent almost 0.02 eth for withdrawing fees. I hope keep consistent for FTX with lower fees transaction using ETH coin because last years still free without paid fees.

MFahad

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Quote from: airdata on November 18, 2021, 12:42:19 AM

I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?

Why not use Ftx exchange For withdrawing Etherium. In my experience its fee is lower than binance and Kucoin. Currently value of charge is only 10-12$ and i think its not big.
Eth Gas fee is now big issue and exchanges cannot do any thing.

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Quote from: inanilujimi on February 01, 2022, 09:45:15 AM

actually if you want to store ETH in your personal wallet (MyEtherwallet) you can just change the network to BSC for a cheap fee and it won't reduce the value of ETH if you want to withdraw from binance because as far as I know binance has many options for each withdrawal.

He wants to store his assets in ethereum but im sure that if he has found a solution for his problem since this thread a few months old right now. Any cex is charging a lot of fees except FTX. In FTX you will be getting 50% discount but this discount will not happen forever. As far as i know FTX was paying 50% from our withdraw fees to our personal wallet. I have been using this so many times. It's not even relevant to call BSC.
He wants to transfer his ERC asset or ethereum and that means it was not supported by BSC chain. I guess you're missing the point it here but ETH was so crazy.

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You can't reduce ether gas fees even if you want to. Because it is not in one's hands that anyone will reduce it. There would not have been so many transactions when Uniswap was not there. And the block would not grow. But since the Uniswap hopes, ether gas fees have been much higher. I don't think gas fees will go up anytime soon.

inanilujimi

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actually if you want to store ETH in your personal wallet (MyEtherwallet) you can just change the network to BSC for a cheap fee and it won't reduce the value of ETH if you want to withdraw from binance because as far as I know binance has many options for each withdrawal.

sitbang

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I don't think it's possible because the price of Ethereum coins is now very high, maybe this is one of the main factors that caused the exchange fees to be so high, but if you reduce the withdrawal fees then you are very slow and it will happen. took time and a few days to wait.

Ziskinberg

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Fees vary depending on the exchanges and also the coin you're trying to withdraw but in regards to ETH alone, you'll expect such a thing. That is why it was very common for most traders to convert their ETH to another coin that has a small fee and this is what I did. And I guess this is the only way to solve the problem as we can never expect that ETH gas fee will change and back to normal like in the past years, $1, $2 gas fee, it was now been double or somewhat triple or even more.

CaVO32

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Quote from: apur688 on December 18, 2021, 07:59:08 PM

I think you can set the gas fees and the blocks actually, but this is the risk, this one is the risk when you use ethereum network. I made a transaction and the fee is more than 20$,.

I guess the solution is just wait, you only need to wait until the fee slowing down.

We need to know that the increase of it is becayse many miners do mining, so they need reward from it, and the higher price of eth, higher the fees too,

This is what I am doing, whenever I have to transfer eth from my wallet to another trading platform. You will see the gas fee that you need to pay. But if you will customize it, and set it a lower fee, I don't know how long you will wait for it to go thru or if it goes thru. If you are not in a hurry, you can monitor the gas fee here - https://etherscan.io/gastracker, and just make a transaction when you feel you are not being screwed by high fees.

apur688

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I think you can set the gas fees and the blocks actually, but this is the risk, this one is the risk when you use ethereum network. I made a transaction and the fee is more than 20$,.

I guess the solution is just wait, you only need to wait until the fee slowing down.

We need to know that the increase of it is becayse many miners do mining, so they need reward from it, and the higher price of eth, higher the fees too,

2girls

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I think this is a very serious issue because the position of Ethereum an the combination of BSC is less because the everyone support the BSC network because the Transaction fee is so small then compare to etherium so i simply say that every one know the people can't use a Ethereum because they cannot pay the fee so this matter is very serious Ethereum solve there fee problem in case they loss there position.

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Quote from: shawon01 on December 12, 2021, 12:25:21 PM

I don't understand why Ethereum's gas free time has increased so much.
I'm hoping for a few days of wine etherium. Its gas free. Janapiyota due to Ethereum's gas free. Getting lost day by day

Ethereum is already very different and not the same as the others so you also don't deserve to equate Ethereum with others even though you complain about the Gas costs that are happening to Ethereum at this time

Coin_trader

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Quote from: smartaction on December 13, 2021, 06:47:07 AM

Ethereum now Has become an annoying blockchain coz of the high gas fee. This problem has been going on for a long time. But eth technical team is not doing anything about it. we don’t know when eth gas will be Reduce. But hopefully this problem will be solve first months of next year

They are doing everything right now to solve scalability issue. Its very hard for an original blockchain to improve instantly there blockchain capacity while it was design for a normal transaction volume. ETH v2.0 is there last hope to solve this that's why they are focusing there resources on developing it.

Most of new blockchain easily implement new technology from ETH open source blockchain because there's no dapp running on there ecosystem while building so they can stress test all they want while ETH movement is very limited due to the volume of Dapp running on there blockchain.

smartaction

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Ethereum now Has become an annoying blockchain coz of the high gas fee. This problem has been going on for a long time. But eth technical team is not doing anything about it. we don’t know when eth gas will be Reduce. But hopefully this problem will be solve first months of next year

LittleBitFunny

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Quote from: repear7 on December 12, 2021, 09:04:26 AM

Quote from: airdata on November 18, 2021, 12:42:19 AM

I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?

This is not a problem with the exchanger like Binance and kucoin. They have no problem. The main problem is that the ether is free of gas. And the main reason for this increase in gas free is the increase in ether translation. Withdrawal fees were lower when UNISWAP did not have such an exchanger and transactions were low. The fees for uniswap have been much higher since its inception. The main reason for this is that uniswap has a lot more transactions. This transaction increases Ether's withdrawal fee.

Exactly,
As the demand and uses increase so will the density of the cloud in the network. You know, a lot of projects have been launched in the Ethereum blockchain and the number of ERC-20 smart contract projects is constantly increasing. Gas fees are increasing due to extra crowed and handling traffic.

There is no reason to blame the exchange. Though they took a high fee but, In most cases, reputed exchanges demanded a small fee to process the transactions and use the rest of the funds to boost the transactions. Because of the transaction speed is slow, the exchange will lose its customer.

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Quote from: airdata on November 18, 2021, 12:42:19 AM

I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?

few days ago, I used FTX to make a withdrawal for ETH to Myetherwallet. I didn't think that the fee from FTX to MEW was only 0.001 ETH. Well, that's a very cheap fee considering that there are currently quite a number of exchanges that provide a fairly large fee for ETH. normally the ETH withdrawal fee from FTX is 0.001 ETH to 0.0025 ETH. I don't know what makes it smaller, but even when it's 0.0025 ETH, it's already very cheap compared to other exchanges. you only need to do KYC level 1 to be able to make transactions there.

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Quote from: repear7 on December 12, 2021, 09:04:26 AM

Quote from: airdata on November 18, 2021, 12:42:19 AM

I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?

This is not a problem with the exchanger like Binance and kucoin. They have no problem. The main problem is that the ether is free of gas. And the main reason for this increase in gas free is the increase in ether translation. Withdrawal fees were lower when UNISWAP did not have such an exchanger and transactions were low. The fees for uniswap have been much higher since its inception. The main reason for this is that uniswap has a lot more transactions. This transaction increases Ether's withdrawal fee.

Congestions still the main reason why gas fee for ETH are high. It's not the problem with the exchanges they are just following
how much the network is asking to execute the transaction that customer is requesting them to process, until now, there's no
clear information about this concern, if ETH will adjust and when it will happen.

Best not to use or not to transfer if you are not in the hurry, or you can use the exchange itself for temporary place to
hold your asset.

shawon01

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I don't understand why Ethereum's gas free time has increased so much.
I'm hoping for a few days of wine etherium. Its gas free. Janapiyota due to Ethereum's gas free. Getting lost day by day

repear7

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Quote from: airdata on November 18, 2021, 12:42:19 AM

I use Binance, Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?

This is not a problem with the exchanger like Binance and kucoin. They have no problem. The main problem is that the ether is free of gas. And the main reason for this increase in gas free is the increase in ether translation. Withdrawal fees were lower when UNISWAP did not have such an exchanger and transactions were low. The fees for uniswap have been much higher since its inception. The main reason for this is that uniswap has a lot more transactions. This transaction increases Ether's withdrawal fee.

nimogsm

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Now you can send tokens within $10 per transaction. relatively inexpensive against the background of what was a month ago, but it's only in the first half of the day there will be such prices, in the evening gas will rise again and you will have to wait for the morning again. It seems that soon the commissions will be available to everyone and it will be possible to conduct transactions as before.

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