How to avoid big commissions to pay ethereum ? - page 4.

sallasvve

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Quote from: seleme on September 03, 2020, 05:39:30 PM

Unfortunately, you can't avoid paying high transaction fees in ETH blockchain due to network congestion but you have alternative choices if there is no need to use ETH or ERC20 tokens. You can easily track the current gas fee with this website and try to avoid rush hours by checking the numbers: (etherscan.io/gastracker). A few months ago, paying $0.2 was enough to send a token in the ETH network but now it is around $3 for the same transaction.

I yesterday on the stock exchange Unisvap paid a Commission of $ 12. The price of the token I was interested in fell and it was profitable for me to buy it even with such a large Commission.
Soon, commissions of a couple of dollars will be fantastic.

Denongels

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There is no way to overcome ethereum transactions costs, but if you handle trading tokens on dex there are several solutions using additional token utilities to save a gas cost, for example on 1nch exchange which uses CHI tokens to save 50% costs when trading tokens on their exchange.

seleme

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Duelbits.com

Unfortunately, you can't avoid paying high transaction fees in ETH blockchain due to network congestion but you have alternative choices if there is no need to use ETH or ERC20 tokens. You can easily track the current gas fee with this website and try to avoid rush hours by checking the numbers: (etherscan.io/gastracker). A few months ago, paying $0.2 was enough to send a token in the ETH network but now it is around $3 for the same transaction.

coinporch

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Dolphins Finance TRUSTED FINANCE

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 ?

i don't really know about cosmic comissions buddy, but if you mean gas fee, i think better to convert your eth to other altcoins such as doge or others, then you will pay less fee than use ethereum, thats if you want to send from exchange to exchange

monineklutak

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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 ?

oh you mean GAS? currently Ethereum has expensive transaction fees, you have to pay a fee of $ 5 only for 1 transaction, imagine if you make a 10x transaction,
of course this fee is very expensive, all you have to do is sell your Ethereum and make the transaction in other altcoins like Tron , or Waves

BuNga_cute

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It is difficult to avoid related ethereum transfer costs, if you uses lower gas fees it can make the transfer process take longer.
The best way is to use other coins that have a much cheaper transfer fee. Like Tron, Litecoin and Ripple. Ethereum does have
quite expensive transfer fees right now, probably because there are a lot of hype DeFi projects.

imstillthebest

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Quote from: rajsimran on September 03, 2020, 05:16:39 PM

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 ?

I think you tried to tell about the Gas fees. But that was not commission mate that is miners fees. If the miner stopped mining then trx will not confirm, so your coin will behold. I think you can set low gwei to lower the fees. If you are not making big payments and pay through other cryptos then you should avoid ETH. You can use LTC,XRP,XLM etc. And if you use ERC-20 or other ETH based token then there is no way.

trx ? trx is a coin , you mean to say tx . small or big payments , the fees are still the same . thats why its recomended to transact all at once and avoid transacting micro payments because you are only going to pay more on the fees . we cant just avoid using eth if eth is the only coin that we have and also eth is a coin that is accepted in many platforms . cost for sending erc20 token is still cheap but cost for sending eth are the ones that has a high fee

rajsimran

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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 ?

I think you tried to tell about the Gas fees. But that was not commission mate that is miners fees. If the miner stopped mining then trx will not confirm, so your coin will behold. I think you can set low gwei to lower the fees. If you are not making big payments and pay through other cryptos then you should avoid ETH. You can use LTC,XRP,XLM etc. And if you use ERC-20 or other ETH based token then there is no way.

sallasvve

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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 need to send tokens based on Ether from your wallet, then you have no choice but to use its network. Just wait for the night, usually at this time most traders are asleep and the cost of gas falls slightly. If tokens or coins are on the exchange, it may make sense to consider selling tokens for those coins whose network commissions are not so high.

shakesbear

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You can try to boycott Ethereum, use something else, but I wonder if there is no way to reduce the reward for miners ?

amos77978

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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 ?

I initiated a transaction on the ethereum blockchain had to pay 8usd fee to miners to have my transaction processed.. something has to be done about this fee hike,.. else ethereum platform will lose alot to tron in the coming month..

rizkyalhabsy

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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 is true that this young man said, cosmic / gas is like a vehicle ex: going out of town by plane with high cost but arriving quickly or by car with low cost but arriving at the destination very slowly. all the choice is yours

ryzaadit

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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 ?

I believe you can use ETH (TRC/BEP) from Tron or Binance Chain if you are really want Ethereum.

There is no different at all with the version ethereum of TRC/BEP, they are backed by Ethereum so you can hold by using ETH (TRX/BEP) for right now. I believe soon or latter the gas fee reach 1000 Gwei. If going to your personal wallets, some wallets have a feature swap on their wallets from Ethereum TRC/BEP into Ethereum with internal transaction so doesn't cost anything at all.

robattfield

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Quote from: Strongkored on September 03, 2020, 12:32:54 AM

OP, If this is not urgent things, for example, you need money by selling ETH or Token based on ETH Chain then it would be better not to do right now, even if you choose a lower gas fee, it is still expensive because the difference is only around 30- 40 Gwei. But if your transactions is above $500 I don't think is matter for you to spend a high fee.

It is true, if it is not necessary then we do not need to create transactions at the moment, the gas fee is too high and it makes us pay a lot of money for it. If our transaction is worth over $ 100, we must pay a cost of about $ 4-5 to be able to make the transaction.

Anonylz

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Unfortunately everyone is facing this problem, transaction fee is killing right now, you can not do anything about it as long as you hold an erc20 tokens you can can't escape the high gas fees, this is something we have to deal with in the main time, hopefully there will be some solution at some point.

Upgate

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They been issue since may with the Ethereum network due to Difi-apps

The high liquidations led to network congestions which affected gas prices. So now that it's been established that Ethereum and its DeFi apps could lead to network congestion, which dApp was to blame for last week's network congestion. The culprit this time around was Uniswap.

Alert31

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We have nothing to do about the high eth transaction fee right now. If you will put below minimum gas limit,your transaction will fail. Much better to convert your eth first to other coins if you want to make a transaction or wait until the gas price will decrease. Here in my country there is no problem if we want to avoid the eth high fees and make a transaction directly to our local wallet because we can convert our eth to xrp which have a very small transaction fee.

Raflesia

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_""""Duelbits""""_

Quote from: noorman0 on September 03, 2020, 09:04:30 AM

If your ETH or token is on exchange for example kucoin, swap it to TRX or TRC20 tokens then send them, I have done it (sent usdt tokens to the TRC20 address) and was charged 0 fee. So please calculate and compare only swap fee rather than sending ETH/ERC20 token directly.

It will cost more to exchange with ETH because their gas craze is really going to end, what is clear is that this can be stressed for us, I have always shied away from ETH transactions but now many have switched to cheaper trc20 with higher speeds .

I think now the commission has been replaced because the fees are too big it will burden many people.

budi691

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not much is done when eth GAS is high, making everyone refrain from hoping GAS will go down, but many people do the alternative by exchanging other tokens, with lower fees,

Romanianz

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Ethereum gass are really high at the moment,
my advice is just use only for big transaction and use when its lower than 30 gwei. Wink

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