Topic: High ETH withdraw Fees, how to Solve - page 3. (Read 719 times)
We can't be solved because this is like being locked by the ETH network, if we have a balance in an exchange wallet then the best way is to switch to another coin such as MATIC, TRON or others, but if we want to sell ERC-20 token assets that require ETH fees of course the value of the token must be greater so that we do not lose.
Ethereum gas fees are really very high. Currently, Ethereum 2.0 project is still ongoing. The project is intended to reduce Ethereum gas fees. Untill then we have to look out for ways to handle the high gas fees. First, we look out for exchanges the have low withdrawal fees. Secondly if you don't intend to keep Ethereum for short or long term, why not trade Ethereum for another coin, say coin with BNB network and withdraw the BNB based network coin which should be cheaper instead of withdrawing Ethereum? At the end of the day what you really need is a coin that is valuable and will not suddenly loose value. I think with some planning we can minimise the rate of Ethereum transactions, thereby minimising loss of funds due to gas fees.
I tried to use many wallets like Myether, TRUST, Metamask, Binance and so on, and to send tokens the cost is always more than $50, this is an unrealistic fact because the fees are very expensive, and the thing we can do is wait for the rumored presence of ETH 2 can reduce gas costs by up to 75%.
Yes, transactions in Ethereum are very expensive compared to other EVM networks but it's worth noting that lately you can easily find moments when the gwei is below 60 which means cheap transactions within the ether network (less than 50 $).
So seize the moment if you really need it.
So seize the moment if you really need it.
I think ETH can only be held by whales, expensive transaction fees will certainly not be felt by whales who transact at least thousands of dollars, but I think positively that with high transaction fees of course only giant projects will use Ethereum so ethereum will not be used to create projects that potential scam.
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?
Well I am also looking for the solution of this problem since quiet some time now. For persons like me who use small amounts to transfer ethereum is not usable for us now and I also stopped using ethereum now for my transactions. I use bitcoin most of the time or use binance but using ethereum is not possible for small transactions now.
Deletd
investing in Ethereum is great and the risk is very low, but when it starts to send/convert wallet coins to wallet, the fees are cut quite a lot, so there's no way to deal with it in this situation and can't get away from this. In fact, everything is decided by the platform itself.
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?
You can try FTX. I often use this exchange just to look for low ETH transaction fees, and the fees also usually match the gas at the time.Since they recommend FTX, what advantage does it have? If I have tokens in my metamask wallet, how much does the price drop? I understand that the fork will be released on December 8, do you have to wait for it to enter FTX? Excuse me for asking, the truth is I don't have an FTX account, and since they name it so much, how much are the fees? what is the cost in USD? Because about 2 months ago to get some tokens I spent around almost 200USD, which seemed crazy to me, that for me is a lot of money to just have paid it like that, a fee must be cheaper, I understand the congestion, but it is very expensive.
If you want to make a withdrawal with ethereum of course the cost that you have to spend is very large because for now the price of ethereum is getting higher, then in this case we can overcome by selling ethereum in the form of other coins that are lower in price after that can only make withdrawals because for now many potential alcoins that we can exchange with ethereum so that the cost you spend is smaller, But the network used using erc-20 then this problem can not be overcome because for now the gas is very high.
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?
You can try FTX. I often use this exchange just to look for low ETH transaction fees, and the fees also usually match the gas at the time.And we are likely having big problem always if related to the fee transfer of Ethereum and also ERC20 tokens. Moreover, we must also leave some gwei in the wallet if we are going to transfer the token. Well, it is again, additional problem in which we must spare more to the gwei.
Actually right now the fee is quite low after the price of all cryptos are also dropped, it is about 66 gwei and of course it will be again changing by seconds
Thanks for this. Never knew crypto .com withdrawal fees on Eth was still this low. I actually use FTX it does varies depending the gasstation fee advise or how congested the ETH newtork is.
There will happen Ethereum network hard fork and update on December 8. There is such information on Github. Will there be any decreasing of ETH fees after this network update?
It's usually reduce the fees after the fork, let's hope it will not reach 200 GWEI anymore after the hardfork.
Current solution of ETH high fees is wait until the fees is no longer high, usually this happens between 03:00 until 08:00 (GMT+7)
People usually sell their ETH to another coins first before transferring but it's cannot be avoid when we want to buy ETH based token on dex, the fee is still too high.
Ftx is quite cheap. Most part of your fee is always covered by the exchange itself. I don’t think there's anymore exchange with such low fee but the problem with that you have very low amount of limit for withdrawal with a non kyc account which doesn’t seem fit for most of traders I think.
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?
You can try FTX. I often use this exchange just to look for low ETH transaction fees, and the fees also usually match the gas at the time.
There will happen Ethereum network hard fork and update on December 8. There is such information on Github. Will there be any decreasing of ETH fees after this network update?
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?
ETH's gas fees are generally much higher. And the exchanger's withdrawal fee is much more higher. You can use FTX Exchange for withdrawal ETH. FTX exchange charge real time transcation fees track by https://etherscan.io/ it will cut fees like yout personal wallet like Mew, Metamusk, Trust wallet 
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?
There is no way for us to avoid low fee using Ethereum in terms of withdrawal or deposit, the only chances for us to lessen the charges is to wait the price of Eth to goes down but even it goes down the charges still high,... Meaning, there's really nothing we can do about it.
True, I've tried many wallets and the transfer fee is very expensive, if we send ERC to another wallet the cost is around $15 while the cheapest token I've ever done is $35 and for swaps it can reach $150, this fee is certainly more expensive than sending money to overseas bank, the best way is to switch to another coin,
All exchanges are already fixed the fees and I think there is no exchanges that you can pay less fees because it will not successfully to transfer so there is nothing you can do you should pay the recommendable fees to transfer your funds. You know ethereum gas fee is very high just expect that most of exchanges are also high fees using ethereum network.
then the best solution is to avoid transactions on the ethereum network. because it will torture the assets we have.there are no other offers for this case. because indeed every exchange that applies withdrawal fees according to the network used.
FTX is probably still the cheapest for ethereum withdrawals. but reportedly there have been adjustments again so the cost is also a little more expensive. but still the cheapest.
Usually the exchange applies a fee of 0.01 - 0.005 which is equivalent to $20 - $40 so it is certainly very large if we make a withdrawal on CEX.
I once made a withdrawal of ETH from FTX and it was a very low fee although this is how on gwei back then it was sometimes 0.001 it was lower than other exchanges.
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?
There is no way for us to avoid low fee using Ethereum in terms of withdrawal or deposit, the only chances for us to lessen the charges is to wait the price of Eth to goes down but even it goes down the charges still high,... Meaning, there's really nothing we can do about it.
True, I've tried many wallets and the transfer fee is very expensive, if we send ERC to another wallet the cost is around $15 while the cheapest token I've ever done is $35 and for swaps it can reach $150, this fee is certainly more expensive than sending money to overseas bank, the best way is to switch to another coin,
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