How to avoid big commissions to pay ethereum ? - page 2.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

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.

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

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.

whyrqa

full member

Activity: 1093

Merit: 103

Quote from: ?? on ??

Quote from: Evgenklm on February 18, 2021, 08:09:20 AM

I thought about this for a long time, and looked for solutions, but with the increase in the cost of ETH, commissions for me were not raised, in particular, trading on dex exchanges, so I see only one way out to switch to another similar network with a lower commission.

As for the cost problem that exists on the Ethereum network, almost everyone complains about this because it cannot be tricked and must use another similar network, and the problem is that other similar networks will not have the same support as ETH.

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.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: sgenuine on February 19, 2021, 08:15:53 AM

I don't know a solution to the current problem with expensive Ethereum transactions.

It's also what many of us are asking, this gas fee is really killing all traders and investors who are using this chain.

Quote

Most likely we will all have to wait for the announced updates to be introduced.

Yeah right, it will depend from how the team take care and find whatever suitable solution to this case, they are the only one who can provide concrete resolution to lessen the fees.

Quote

But as I see users continue to use the network and pay expensive commissions, and therefore the network continues to be in demand. Huh

They just don't have any alternative especially those who are trapped with this chain, assets which been created using ERC.

tygeade

legendary

Activity: 2086

Merit: 1058

Well, this depends on how many times you will trade and what you will do. Now there are "bridge" systems which means you do end up spending money going into those systems and you do spend money when you are getting out of them (easier methods if you get out with that chains coin) and you could spend less money there. However this doesn't mean that one move you make is simple and cheap, it is actually quite expensive and you will spend more money, but if you do multiple moves it becomes cheaper.

Meaning if you are holding some xyz coin and want to get ethereum with it and move it to binance so you can trade? You should not use bridge, you can do that and yes you will pay a lot but less than bridge. But if you want to put money into eth tokens and trade them however you want and get out afterwards? You could pay for once and make 100 trades and get out and would be paying drastically less money.

ahoenk

hero member

Activity: 1246

Merit: 502

There is setting even if you use trust wallet, but if you set it under gas fee on average, it could probably failed and yes your transaction is failed and you gas which you have paid is gone, its mean dont take a risk for paying under average gas fees or you will lose your ethereum without succeed in transaction.

sgenuine

full member

Activity: 854

Merit: 103

Quote from: hakertajniak on September 07, 2020, 02:26:31 AM

You cannot avoid them if you using the ethereum coin or token. We are as a user of ethereum, must using the average gas of the blockchain, otherwise our transactions will never be picked up by the miners. If you cannot afford to using the high gas, i recommend you to wait until the fee is normal again, but don't know when.

I don't know a solution to the current problem with expensive Ethereum transactions. Most likely we will all have to wait for the announced updates to be introduced. But as I see users continue to use the network and pay expensive commissions, and therefore the network continues to be in demand. Huh

Evgenklm

member

Activity: 896

Merit: 17

I thought about this for a long time, and looked for solutions, but with the increase in the cost of ETH, commissions for me were not raised, in particular, trading on dex exchanges, so I see only one way out to switch to another similar network with a lower commission.

EmmaGod

jr. member

Activity: 230

Merit: 1

The truth is that, there's no valid way to override the high gas fee. You could use a lower transaction fee but that could make your transaction stay longer or it could fail and you loose the gas fee. Another approach is to wait and try again when a suitable gas fee can be used, though that may take ages as the ethereum gas fee has been high for quite a while now. Some projects are effecting multi chain to give users of the tokens the opportunity to enjoy the benefits of several blockchain. In that situation, you could swap the tokens and use a blockchain with cheaper transaction fees like tron and binance smart chain.

bakasabo

legendary

Activity: 2492

Merit: 1215

Quote from: ?? on ??

You can't avoid expensive gas fees. You can just wait for the gas fees to come back down, I don't know when. If you want to send ERC-20 tokens you have at least ETH above $100.

You can use something like that https://ethereumprice.org/gas/ to observe gas prices. It looks like the best time to make transactions is Monday and Friday morning, when the price is below 100 gwei. Just make a habit to check prices every 15-30min and I'm sure you will soon find a "window" when you can make your transaction cheap and relatively quick.

matjas

full member

Activity: 798

Merit: 115

Its just hurts to see how much ETH goes for transaction fees now. Since DEFI mania started, we havent seen decent gas fees and it doesnt look they will go down soon.
In my opinion this is the biggest downside of ETH tokens and BTC. That doest look good if you are a new investor, a big turndown.

trauchot

member

Activity: 1764

Merit: 10

Unfortunately, there is nothing to be done about this, since the price of Ethereum is growing and more and more cryptocurrency projects create their own cryptocurrencies on the Ethereum blockchain and thereby they load the Ethereum network and, of course, more and more people come to the cryptocurrency sphere and make a very huge number of cryptocurrency transactions through the Ethereum network and this also loads the Ethereum network and the price of gas on the Ethereum blockchain is also growing, so you need to bypass the Ethereum network or monitor the Ethereum network all day to find the time when the network is least overloaded.

abderrazak belkhir

full member

Activity: 1100

Merit: 169

I think the best way is to avoide sending eth or any other erc20 token when the fees incrass and you can always cheek her https://etherscan.io/gastracker

I know this might not be always useful because somtimes we need to make some urgent transactions to buy or sell some coins but we dont have any solution...we keep talking but the situation keep the same and also get worse

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

You cannot avoid the transaction fee, you can reduce it but then the transaction will take time to reach. In some wallets there is a set amount for the transaction fee If you reduce it then the transaction will fail.

The best option is to convert your ETH into other cryptos wherein you will pay a small amount as a fee. The only disadvantage is that ETH conversion or swapping charges will be applicable.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: MUG1WARA on February 17, 2021, 08:25:07 PM

What do you mean by the Cosmic Commission? you mean fees of gas? now the ethereum network is really very dense since there was Defi and now plus ethereum prices are growing and there is no other way to pay gas fees cheaply, because paying low fees means chance of making the transaction fail

Miners will choose those big fees as surely they'll get good compensation, ETH price is rocketing there's no other alternative to avoid
paying for the gas in order to process your transaction.

Either to keep your asset or to pay those fees for you to enjoy the service, if you have huge amount of asset from ERC paying the
fee might be consider but if not then it's not practical to continue.

MUG1WARA

full member

Activity: 1008

Merit: 101

What do you mean by the Cosmic Commission? you mean fees of gas? now the ethereum network is really very dense since there was Defi and now plus ethereum prices are growing and there is no other way to pay gas fees cheaply, because paying low fees means chance of making the transaction fail

adekogbe

member

Activity: 854

Merit: 21

There is absolutely no solution to this when it comes to paying high transaction/gas fees on the eth Blockchain.
If your purpose of using eth is only as a store of value, then i believe you can go ahead and keep a lot of eth. But if i you are actively using your cryptos for transactions, then i believe you should find a coin or token with more respectable gas fees, e.g litecoin

smoolae

full member

Activity: 602

Merit: 106

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.

Ryushin

member

Activity: 322

Merit: 10

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 ?

Sounds like you are talking about gas fee, there is no solution to this mate, if you don't like the high fee just wait, every day or even hours the gas fee adjusts itself, you can keep track with https://ethgas.watch ,also few wallets have high gas fee automatically for example trust wallet, I find coinomi wallet to be better because it gives the cheapest gas fee

reza7777

sr. member

Activity: 1414

Merit: 255

Quote from: Heroalt on January 13, 2021, 08:23:06 AM

I don't think there is any way around it, but I recently made Eth transfer very late in the night though the amount wasn't high and the fee was less than considerable low, so am also thinking that maybe the transaction fee tends to be very high during rush hours

Yes the fee will be expensive when everyone is making transactions and just like you, I also make transactions when everyone is sleeping, but when I am in a hurry I sell ethereum for other coins as an option to lose a lot of fees

Topic: How to avoid big commissions to pay ethereum ? - page 2. (Read 559 times)