Topic: insane fees on eth (uniswap) - page 4. (Read 749 times)
It is killing the small time traders and bounty hunters. If you were paid in a bounty having a 100$ worth and the eth gas is in 20$ or so + after exchange the withdrawal fee is much likely to be that high. Lucky are those who have big trading portfolios.
This is one of the problems of investors as well as holders of altcoins and they are looking for a solution on how to save on the gas fee because the eth gas fee is now too high but if the eth 2.0v ends there is a chance that the gas fee will fall and you can transfer altcoins again now, all you can do is hold first.
This problem with high commissions occurs mainly in bounty hunters when they try to transfer their earned coins from the wallet to the sale. For those who constantly trade on decentralized exchanges, such commissions are not critical, because the profit received from trading is thousands of dollars.
Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
BSC fee's are the only posivie thing that go into BSC favor. Rest is not.
Fundamentally, BSC is crap, and within a month or two, ETH fee's will come down, and BSC will be dead like xdai and matic
The fees are really getting out of hand. I'm afraid that the fees are going skyhigh and that 'normal' dont swap or buy ETH anymore. ETH is a coin for rich people in the future. This is really bad because trading on the Binance chain is really cheap so alot of coins are migrating to binance because of that. SO ETH FIX THIS PROBLEM...
Well, Ethereum gas is really high and if you do trade on uniswap it will cost that amount which is ridiculous. If you still insist to trade on Ethereum Network especially Uniswap, You can try to wait until Midnight UTC Time, The gas fee was much lower on that time (60-90 Gwei) but it's not efficient right? Then you can use BSC or maybe some Layer 2 Exchange or Network like 1Inch or Matic network. Well, let's just wait until ETH 2.0 launched or EIP-1599 Implemented.
To use BSC or Layer 2 Exchange you will have to pay a commission on the Ethereum network.If you have $ 100 worth of tokens, then you will pay $ 40-50 in commissions anyway.
Then it is probably easier to pay a commission for transferring these tokens to a centralized exchange at a time when the cost of gas is low.
It's not worth it anymore to use defi platform with ethereum network. Due to the gas fee, it is only for the whales. Also I never use uniswap anymore since the first time I use it and they charged me more than $10 for approval.
If you have 10 tokens with each value no more than $100, I recommend you to just wait patiently for exchange listing to sell all of them.
If you have 10 tokens with each value no more than $100, I recommend you to just wait patiently for exchange listing to sell all of them.
Well, Ethereum gas is really high and if you do trade on uniswap it will cost that amount which is ridiculous. If you still insist to trade on Ethereum Network especially Uniswap, You can try to wait until Midnight UTC Time, The gas fee was much lower on that time (60-90 Gwei) but it's not efficient right? Then you can use BSC or maybe some Layer 2 Exchange or Network like 1Inch or Matic network. Well, let's just wait until ETH 2.0 launched or EIP-1599 Implemented.
and to make it worse many and many projects still creates token inside etheruem blockchain like dude, aren't there any smart contract platform out there other than ethereum.
it really grind my gear lol and to cope up with that I just don't really touch ERC20 token like again, this one coin just making me poorer and poorer for each transaction executed.
I don't understand why that still is. And come to think of it, the Ethereum team will continue to ignore this issue or not respond to it as quickly as they ought to because of new projects keep developing on the network. If it where that there is some significant shift from them, then maybe they could have look at this problem swiftly but lets see how far we go with this. it really grind my gear lol and to cope up with that I just don't really touch ERC20 token like again, this one coin just making me poorer and poorer for each transaction executed.
They are still getting support and there are many traders who are not minding this fees they are capable in paying that insane amount
and just continue doing business using this chain.
The team will continue to ignore as there's not much impact to this chain, unless many developers will switch and and use other chain
for transacting might force the team to think of this fees.
and to make it worse many and many projects still creates token inside etheruem blockchain like dude, aren't there any smart contract platform out there other than ethereum.
it really grind my gear lol and to cope up with that I just don't really touch ERC20 token like again, this one coin just making me poorer and poorer for each transaction executed.
I don't understand why that still is. And come to think of it, the Ethereum team will continue to ignore this issue or not respond to it as quickly as they ought to because of new projects keep developing on the network. If it where that there is some significant shift from them, then maybe they could have look at this problem swiftly but lets see how far we go with this. it really grind my gear lol and to cope up with that I just don't really touch ERC20 token like again, this one coin just making me poorer and poorer for each transaction executed.
Really disappointing how the situation goes like this and Vitalik don't have any update for their status in regards to ETH2.0. People have come to think that Ethereum developers don't care about this issues, yeah, it is obviously we don't see any. And even they have a solution but this never give the comfort to everyone. Why? because they are dumb to late to make actions and many traders and investors had suffered already.
legendary
Activity: 2982
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
BSC aimed to solve ETH platform's problem which is high transaction fees. This had been ETH's problem since the DeFi hype started, I've lost some of my tokens where swap is needed due to this high fees. Imagine holding about less than a dollar token and the team requires swap in a certain time but you will have to pay the fee for the swap, microtransactions are not viable and it is not economic.
Definitely, microtransaction isn't ethereum's thing as of now same with bitcoin I suppose, it's only worth it if we have more than $300 not to mention how volatile eth gas price was it's like gambling when we trying to send a transactions within eth blockchain. but july is near so hopefully the devs of eth can prove their words. but the selection of projects is still small, it also needs time to grow big.
It's caused by BSC was still a new platform and it has no big community like ethereum. The majority of various tokens were still centralized on ethereum chain and that makes people have no choice rather than still use ethereum as the chain to trade their tokens. Anyswap will always need approval from the users and it will be interated with the smartcontract to call a function to swap the token.
BSC and Ether have almost the same mechanism.
Lol. Topic about fees created on March 17 2021. Where have you been buddy in last 3-4 months? Fees has been like this already for a long time. Just get used to it. Or try to catch “a bit lower fees on saturday/sunday nights”.
BSC aimed to solve ETH platform's problem which is high transaction fees. This had been ETH's problem since the DeFi hype started, I've lost some of my tokens where swap is needed due to this high fees. Imagine holding about less than a dollar token and the team requires swap in a certain time but you will have to pay the fee for the swap, microtransactions are not viable and it is not economic.
Yeah it's getting ridiculous. Ethereum GAS Fees are unacceptable and also unbearable in terms of micro transactions. Time is moving too fast, but unfortunately until now we're far away of getting cheaper and fast transactions. Binance smart chain is here to rescue us from ETH platform's problem. Ethereum suffers, but BSC will replace. 
Yes, Binance smart chain is much better than Uniswap because of fewer transaction fees. If the total fees reach 50-80 USD that means small players can not imagine trading on Uniswap because of high fees. It should be within some limit. Let's see what happen when Eth 2.0 launch but at present BSC is a good option to trade. If the gas fee is continuously high in Uniswap small traders will be away from Uniswap and we must know the small traders are much higher in no as compared to big traders. I want to sell my coins listed on Uniswap now desperately waiting to list my coins on other exchanges so that I can sell and save the high fees.
BSC aimed to solve ETH platform's problem which is high transaction fees. This had been ETH's problem since the DeFi hype started, I've lost some of my tokens where swap is needed due to this high fees. Imagine holding about less than a dollar token and the team requires swap in a certain time but you will have to pay the fee for the swap, microtransactions are not viable and it is not economic.
I just don't use the service because of the high commissions,always looking for alternative ways to sell if there are any.There is no desire to overpay once again.
Actually, it is a thing we do but OP didn't find any exchanger for his token and that leaves no choice either, he has to sacrifice the fee or just lose that price opportunity. Because if I am in his situation, I should still have to sell/swap it. But of course, we consider first also the value of the token (total price) versus the fee collected. If that we are still profiting why we should have to wait for the fee to lower down? This is just an opportunity, I don't know that if it knocks you again in the future. 
Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
You can not compare the ETH network with BSC network.
I agree with you, ETH desperately needs huge improvements in scalability. But these will not be really achieved with ETH 2.0. The fees will drop a little, but still remain comparatively high, so the issue of high fees will remain for a while longer.
I just don't use the service because of the high commissions,always looking for alternative ways to sell if there are any.There is no desire to overpay once again.
me too am tired of this crazy gas fees, what we just need is to endure till solution is find to it, and if the you want to do worth it, you can do it. just like me have not conduct any transaction since last year december.
Uniswap charges extra. Much more that can be caught. I sold a coin and got 60$. Calculated that the total fee is 50$. Uniswap does not want to trade from there for a hefty fee. Finally, i see loss is calculated for the fee.
Jump to: