How to avoid big commissions to pay ethereum ?

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Quote from: TeslaMotors on September 02, 2020, 03:28:12 AM

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?

If you are talking about eth network fees then you have no other option. Because if you want to send that fund from your wallet, you will need to pay a fee. However, if your fund is in binance then you can reduce this fee by using bsc network, because this facility is provided by binance.

Quote from: smoolae on January 13, 2021, 12:48:04 PM

The fees you are paying are directly proportional to the people who are using the network and sending their transactions at the same time as you are.

Ethereum network doesn't really scale too good and that's why you have to pay high fees to get your transaction through. Many people are fighting for few spaces.

This high gas price of eth has caused problems for many eth users. If you have to pay such a huge amount of fee to do a transaction, then it is a problem for ordinary users. Now those who have eth in their wallet and they have to send that fund elsewhere then they have no option but to pay this high fee. No one knows how long this situation will last.

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Quote from: OrangeII on November 12, 2021, 12:13:31 PM

if you still feel heavy with the use of ethereum, I think there are many other coins that can be an alternative, such as BNB, or Polygon.

You can move Ethereum on the BSC network with lower fees, a lot lower! Binance has that option, for example, to choose a chain... and some casinos! I mostly use it for USDT transactions, with Ethereum fees are really crazy, it's why I stopped using them months ago! There are alternatives, and if I may say pretty good one!

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as far as I know, there is no way to reduce it. if there is an easier way, your transaction may fail, and the fee will still be deducted, or the transaction will take too long. a lot of people have complained about this, and this is a problem for ethereum that needs to be fixed soon.

however, there is another way to reduce commissions or fees during ethereum transactions, namely by looking at gas prices in several places such as etherscan, and others.

if you still feel heavy with the use of ethereum, I think there are many other coins that can be an alternative, such as BNB, or Polygon.

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Quote from: noah tall on November 09, 2021, 01:03:08 PM

Eth is charging very high amount of gas fee. So if you want to avoid paying big commission to eth you should use binance smart chain.

What's the point of using BSC when you can't interact with ETH chain, the token you really want to buy are mostly listed on ethereum except now that the team are now giving some supplies to bsc, polygon and solana.
There are other options like bridging between two chain but then if your token is already on ethereum, you will still have to pay some fee on ethereum chain.

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Quote from: bigjuk on November 09, 2021, 06:42:09 AM

Quote from: lvsca on November 09, 2021, 05:54:39 AM

Use another network. Now many networks similar to ethereum are the solution to the problem of the high cost of ethereum today. such as Binance Smart Chain, Polygon(matic), XLM, Solana, AVAX. It is a similar network to ethereum and is easy to use and cheap in its payments.

Actually not only because it's easy and cheap in terms of payment, but it must also be easy in terms of exchange and also in terms of when you want to bring it into exchange like BSC and ETH in the past

All those mentioned projects are working alike with ERC, traders and investors now have a lot of options nowadays,
it's no longer the dominated venue for ERC to only conduct the transactions, developers have the freedom to create
projects outside ETH.

You can maximize your opportunities and make things no longer hard and stressful when seeing high fees compared
to what you plan to trade.

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I would recommend you to investigate chains other than Ethereum. There are blockchains such as Polygon, Binance Smart chain, tron, near, avalanche etc that are ideal for microtransactions.

What is more, they have the same developed ecosystems like Ethereum with a lot of defi-projects, NFT-projects, DAOs so you will definitely find everything you need and you will pay less than 1$ as a transaction fee.

Anyway, you can check this link: https://ethereumprice.org/gas/ and you will see when ETH gas gets cheap.

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Quote from: noah tall on November 09, 2021, 01:03:08 PM

Eth is charging very high amount of gas fee. So if you want to avoid paying big commission to eth you should use binance smart chain.

Now we have some better competitors those are giving good and secure services for having better use case but still we have to use this Ethereum because too many projects on this platform which is badly hurting for very higher fees even recently many was expecting that London Fork and Eth2.0 is going to do some better for this but nothing happen devs are doing their best part for this all but still its taking some good time which can hurt this platform as few years back this was alone but right now its really have some very latest technology platforms with too many features and having very fewer fees.

Peoples also feeling frustration with this all now many are not using this and if someone wants to do they are doing this all just for big transactions for small now many alternatives working much better instead of this Ethereum.

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Quote from: TeslaMotors on September 02, 2020, 03:28:12 AM

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?

There is no way to get around Ethereum transaction fees, but if you handle trading tokens on DEX there are some solutions using additional token utilities to save on gas fees, for example on 1nch exchanges that use CHI tokens to save 50% fees when trading tokens on their exchange.

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Quote from: khiholangkang on September 02, 2020, 03:56:49 AM

What cosmic commission? You mean GAS fee?

probably this is what OP was referring too

Quote from: khiholangkang on September 02, 2020, 03:56:49 AM

Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

The problem i find in trying to be economical with paying a fair transaction is that you will end up paying more as ethereum transaction involving tokens mostly tend to fail and give the run out of gas which means those gas fees applied earlier are a sunk cost and cant be recovered!

My advise apply the best transaction fee at the time of token movement to avoid the inconvenience and get the coins sent out to your wallet in the earliest of times.

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Eth is charging very high amount of gas fee. So if you want to avoid paying big commission to eth you should use binance smart chain.

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Quote from: lvsca on November 09, 2021, 05:54:39 AM

Use another network. Now many networks similar to ethereum are the solution to the problem of the high cost of ethereum today. such as Binance Smart Chain, Polygon(matic), XLM, Solana, AVAX. It is a similar network to ethereum and is easy to use and cheap in its payments.

Actually not only because it's easy and cheap in terms of payment, but it must also be easy in terms of exchange and also in terms of when you want to bring it into exchange like BSC and ETH in the past

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Use another network. Now many networks similar to ethereum are the solution to the problem of the high cost of ethereum today. such as Binance Smart Chain, Polygon(matic), XLM, Solana, AVAX. It is a similar network to ethereum and is easy to use and cheap in its payments.

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Quote from: TeslaMotors on November 09, 2021, 05:44:51 AM

But what don't you understand? More people - more security - more charges. It will always be like that - more decentralisation and more security - and that is what we pay for. You have security and you are not dependent on Mr xyz

Every thing that has more will always be a certain option for everyone who wants to use something, so that anyone can judge very well which product is used the most by everyone in terms of the same service

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Quote from: 10BTCaDay on September 03, 2020, 08:44:32 AM

Now you cannot reduce transaction commissions. it's all about the popularity of Defi projects and I don't understand why people continue to pay so much money.

But what don't you understand? More people - more security - more charges. It will always be like that - more decentralisation and more security - and that is what we pay for. You have security and you are not dependent on Mr xyz

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Quote from: TeslaMotors on September 02, 2020, 03:28:12 AM

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?

Though i dont understand what you mean by cosmic commission, but if you mean Gas cost on ethereum blockchain, then i will say that as long as you keep transaction on the ethereum blockchain , then paying the high gas cost is inevitable, you can even lower the gas cost but doing this is risky cus this will make your transaction to stay on the blockchain for a very long time without confirmation, and sometimes, you will end up with a failed transaction even after the fees has been taken from you, so the best is that if you know the high gas cost is too expensive for you to pay, then better to stay away from ethereum blockchain until the fees comes down.

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The only way to pay lower fees is to convert ypu ethereum to another coin then transfer it. Dash is one of the best because its fast. Or you can check gas fees tracker whole day and still gives you arround $17-$20 gas fees for slow transaction.

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Looks for a time when Gas has decreased. and also look at ethereum prices. a few days earlier I saw that Gas is below 100 And this is relevant for making transactions. but today, if we look at the transaction fee, it seems that it has increased again. for now, if we send tokens at a low estimate it will indeed make a lot of money spend on fees. you may be able to wait for the gas to come back down

Yeap, Midnight UTC Time, The fee will always touching below 100 Gwei, Even Yesterday it stable arouind 65-75 Gwei for around 2 hours. To be honest it was ridiculous to pay $20 Fee for $40 Transaction, For now there is no other choice rather than waiting the right time, Some Alternative Solution you can try like using Layer-2 Protocol or something like 1inch Chi Gast Token (https://1inch-exchange.medium.com/1inch-introduces-chi-gastoken-d0bd5bb0f92b), Good luck!

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Quote from: khiholangkang on September 02, 2020, 03:56:49 AM

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

It looks like the service you will get will always depend on how much you will pay. Poor system of ethereum, I personally experienced it when I am making some transaction with immediate response, but I got failed transaction with unknown reason at all.

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Quote from: rozak on March 02, 2021, 07:26:36 AM

Quote from: whyrqa on March 02, 2021, 07:18:28 AM

If a person needs to transfer, for example, USDT, then he can use the Tron platform to reduce losses that arise due to high commissions, but otherwise he has to put up with it until a certain time and leave many tokens unattended, which are of low value. I believe that the increase in transaction costs will lead to an increase in higher quality projects on the ETH platform.

I think lately we can see Ethereum gas costs looking more benign. It's not like last week when the pump start on the market started and we saw how the Gas was really high.
I also believe that there will be a better use later of this event. Moreover, I heard that there was handling that would be carried out in a short time. if you have to wait for the completion of the ethereum 2.0 update I think it's too long to handle a transaction fee.

So far, I see that you just need to refrain from small transactions on the ethereum network. Yes, due to inactivity, we may miss out on some of the possible profit. However, even this lost profit may turn out to be real and more significant if in the future we still see a good altcoin season and by that time the problem with high transaction fees will be resolved. After all, they promise that from July, as part of the improvements to Ethereum 2.0, they will get to the solution of this problem.

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Quote from: Bitstar_coin on March 02, 2021, 07:27:15 AM

Quote from: khiholangkang on September 02, 2020, 03:56:49 AM

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

Was going to ask same thing about Cosmic Commission Grin

then I thought he must be talking about gas fees,
There is no way to avoid paying gas except you can use a lower gas but don't expect your transaction to be confirmed soon, it could take days or weeks depending on the situation.

Better not advise using a lower gas fee, because most likely the transfer will not take many hours or days, but will be canceled (failed) and the gas that was used for the transaction will be gone.
It is best to use the suggested gas fee and unfortunately, when it comes to Ethereum Network, this fee cannot be avoided.

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