Topic: High gas fee for sending token is still a problem - page 2. (Read 1338 times)

It's not good Ethereum gas fee high now.Ether chain used people next time didn't interested used this chain.I hope this problem solve soon.Small amount token didn't sent this network because highly gas fee.It's problem some days I noticed this.Ether chain network busy now. Transfer big problem now.I didn't sent ether chain my token,This is big fee for now.i wait when gas fee low.

Yesterday, when I was sending one of the coins from my trust wallet to Mexc exchange, which was in the ERC-20 chain, took me around 8$ just to send, which is so huge. But I have noticed one thing, happen to me. Whenever I send something at night in the ERC-20 chain it cost me high as compared to sending at day time.

Fees are insanely-high. An ordinary person won't be able to interact with the ETH blockchain on a daily basis. Only whales and the wealthy will. Luckily, not all hope is lost since developers are planning to introduce a series of network upgrades aimed to improve scalability. The first step towards the reduction of on-chain gas fees would be to implement Sharding. With upgrades such as Proto-Danksharding and Danksharding, ETH will become bigger and better than ever.

In the meantime, we have no other choice than wait until gas fees decline, use an off-chain scaling solution such as Arbitrum or Optimism (L2), or simply move to an alternative Blockchain network. Who knows what ETH's future will look like? Just my thoughts

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I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

Perhaps the gas fees on the Ethereum network will increase further during a bull run because the price of ETH will likely rise, and the network may become congested due to the high volume of transactions. It would be wise to prepare and have enough gas for the bull run while the price of ETH is still low.

I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

Fees are insanely-high. An ordinary person won't be able to interact with the ETH blockchain on a daily basis. Only whales and the wealthy will. Luckily, not all hope is lost since developers are planning to introduce a series of network upgrades aimed to improve scalability. The first step towards the reduction of on-chain gas fees would be to implement Sharding. With upgrades such as Proto-Danksharding and Danksharding, ETH will become bigger and better than ever.

In the meantime, we have no other choice than wait until gas fees decline, use an off-chain scaling solution such as Arbitrum or Optimism (L2), or simply move to an alternative Blockchain network. Who knows what ETH's future will look like? Just my thoughts

Current my transaction few days later when claiming coins with ERC20 network, spent almost $20 with $8 fees for claiming and left $2 for sending coins, in my wallet still left 10$ and I filled huge amount for protecting with gas transaction up and down drastically. ERC20 network have higher gas fees for transaction, we need spent more than fees to anticipation if transaction failed and we still have enough fund for sending coins.

Today have many option for lower fees transaction because all network have tried with lower fees from Solana, Matic, and BSC, but many coins dominance by using ERC20 network and we need have much fees for sending than other network needed under $1 will be success sent coin or claiming coins from pre sale.

This has been a complaint for many people for a long time, therefore most of the bounty hunters and project managers currently prefer the BSC Bep20 Token over ERC20 because one of the main factors is the high cost of gas and this is of course a matter of consideration.

Once you concentrate on conducting transactions on Ethereum network at some points, the gas fees keeps getting higher and higher. It is better to look for tokens investments either on layer 2 Ethereum or any other Blockchain which offers low gas fees.

This has been a complaint for many people for a long time, therefore most of the bounty hunters and project managers currently prefer the BSC Bep20 Token over ERC20 because one of the main factors is the high cost of gas and this is of course a matter of consideration.

I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

gas costs so far there is no solution for the erc20 network I think there is nothing to do but wait for the low shipping costs to make transactions and calculate more profit from selling the coins you own.
Shipping costs make small traders often discouraged and it is better to hold coins until they are worthless than suffer losses because shipping costs are greater than the value of the coins that will be sold later.

What you can do is, waiting! Not all time eth asking high fee for transactions. So You can rather wait till reduce traffic on eth network. But if you are in hurry, then There's no good way at all. reducing fee by using different app, could make your fund stucked and make you wait then expectation during this highly busy network. So we are helpless, have to give such fee if we want to transfer tokens through this erc Network. That's why its better to move others network like bsc as right now most of token released with  bsc version too. but because of increasing competitor, I hope, eth will solve this problem fast