Topic: insane fees on eth (uniswap) - page 5. (Read 749 times)
It seems that if you are not too pressed to use Uniswap as a buy token, I better play on the Binance Smart Chain platform which is a bit cheaper in fees
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Are you talking about the exchange uniswap? If so, im confused because i thought you pay a percentage only like coinbase/bitstamp etc? Or do you mean when transferring from wallets?
He was referring to the transaction fee from ETH wallet to Uniswap. Uniswap has a required amount of transaction in able to process the swap. You can’t swap your tokens using the suggested transaction fee of ETH. This transaction fee and exchange fee is what comprises the fees which OP talking about on this topic. Experience it by yourself to have a fully grasp on it.
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
This happen on which coin we have right now, if market only on Uniswap what have to do because we must trade and sell coin on Uniswap, but if you can get your coin listed on BSC exchange like binance or pancake you can get less fees or only 0,2$ each transaction when selling or buying coin. 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
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
We are looking for a better way to save some fees but as a certain coin that only listed in uniswap, we find no choice but to pay for it or else, we don't. Just like if the value of your coins is $1,000 and need to pay $100 is still acceptable (for me) but if that only valued below $500, I don't know? It is really an insane thing but sometimes gives us no choice and we have to do it. 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
I did a small swap $220 ETH, but after giving the fees I only received $161 worth of the token I swapped for. Uniswap trading fees kinda ridiculous and this is not expected. Nowadays it's too much to handle the crazy gas fees. It's not worth using for small traders.
If you don't like uniswap just because the transaction fee are so high, don't use uniswap. Uniswap is not for those with a low estimated asset value, at least you should make a profit after you agree to the fee. Easy enough, right? I think people shouldn't use uniswap if they don't agree with high fee and they can trade their altcoin on other listed exchange. I even firmly believe that uniswap is what make the ethereum fee so expensive.
One thing I don't understand is why I need to get approved when I want to swap on Uniswap? I think it's a trap to steal our money. Most of the tokens are being listed in this exchange after deducting a lot of money from the customers in such exchanges. Project owners are just thinking about themselves and not thinking about what will happen to others.
Are you talking about the exchange uniswap? If so, im confused because i thought you pay a percentage only like coinbase/bitstamp etc? Or do you mean when transferring from wallets?
In uniswap transaction fee is so much high. They take fees two times. First you need to confirm it and need to give fees and next in the final stage withdraw. Also need high fees. Though their transaction speed is fast but gas fee is much higher. I don't know why it is damn high. I'm confirming a token to swap but i can't withdraw it for withdraw fee. This is a sad thing for all small trader.
You have answered your own question: the price of transactions on Uniswap is higher than the average on the network due to the fact that an increased commission is charged, which ensures the speed of transactions. You have answered your own question: the price of transactions on Uniswap is higher than the average on the network due to the fact that an increased commission is charged, which ensures the speed of transactions.
In uniswap transaction fee is so much high. They take fees two times. First you need to confirm it and need to give fees and next in the final stage withdraw. Also need high fees. Though their transaction speed is fast but gas fee is much higher. I don't know why it is damn high. I'm confirming a token to swap but i can't withdraw it for withdraw fee. This is a sad thing for all small trader.
The high cost of transactions fee is not from uniswap rather it's from the ethereum network.
Uniswap just made trading easier and faster without long protocols of KYC.
If the ethereum network continues with its high rise of transactions fees, in year's to come another preferable altcoin will be used other than ethereum
Uniswap just made trading easier and faster without long protocols of KYC.
If the ethereum network continues with its high rise of transactions fees, in year's to come another preferable altcoin will be used other than ethereum
You can't blame the high fees solely on the Ethereum network. 1inch Exchange has released a new update that reduces the amount charged for the swap commission. Thus, the commission charged by 1inch is now 10% lower than for a similar transaction on Uniswap and 3.5% lower than on 0x Protocol.
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
This problem has been discussed for almost a year and is still without a solution...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
Swap platforms usually have high gas fees because many of them also farm there. If the coin/token you want to exchange is another exchange option then just choose another exchange, don't uniswap.
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
I stopped trading on Uniswap because I have a similar experience like yours 70% of the value of my coins has been taken out on one transaction only, so all the coins the tokens I received in the bounty are stuck to my wallet as I have no Ethereum to use for gas and still waiting for the time that the core developers fix this issue, I just hope all my tokens will not turn into shitcoin.
People are increasingly disappointed in Ethereum or rather in the inaction of its creators. I believe that Ethereum has grown so high only thanks to retail users. Now with worldwide recognition, is the development team targeting big investors only?
People can completely lose confidence in the network and go to places where they offer more convenient conditions for cooperation. Ethereum team should think and start doing something.
People can completely lose confidence in the network and go to places where they offer more convenient conditions for cooperation. Ethereum team should think and start doing something.
I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.
there is nothing you can do about it, because the fee at Uniswap is like the price of Bitsong you have, I also have other coins, and only $ 40 only,indeed it means a lot to me, but we can't do anything but wait for fees to fall
The transaction fees charged by Uniswap is just too high and expensive therefore Making small traders being unable to transact using Uniswap because there can't afford paying such high amount and this is actually caused by the ethereum high gas fee for transactions and if this isn't resolved people will be left with no choice but to find a cheaper network to work With. Uniswap is for big traders who can afford paying such high fees for transactions.
The high cost of transactions fee is not from uniswap rather it's from the ethereum network.
Uniswap just made trading easier and faster without long protocols of KYC.
If the ethereum network continues with its high rise of transactions fees, in year's to come another preferable altcoin will be used other than ethereum
Uniswap just made trading easier and faster without long protocols of KYC.
If the ethereum network continues with its high rise of transactions fees, in year's to come another preferable altcoin will be used other than ethereum
Every market have their market i think, people who use uniswap ofcourse already count their profit and $50 its just a common for them i think
I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.
Uniswap was created not so that bounty hunters could sell the coins received from the bounty there, but for traders who trade new coins that are not yet represented on centralized exchanges. Therefore, you need to be patient when your coin will be traded on CEX, or you should use Uniswap on the weekend, when the network load will be lower and, accordingly, the commission will also be lower.
before the BSC was launched and was as busy as it is today. Transaction fees at UniSwap are already very expensive compared to other exchanges. and this is also exacerbated by the increasingly expensive price of ethereum.
UniSwap is not friendly for bounty hunters. would be preferable to UniSwap for large traders and investors.
For a faster transaction, with high priority, the total fee one have to spend on uniswap is ~$116. Who the hell using this rich network to swap tokens? I'm not that rich and I'm fine with CEX.
I was looking for buying Arcona and found this ridiculous fee.
This is the big problem for a small time holder. I do have a $35 token and I can’t even sell it because of the fees. Huge fees network are crazy, they keep on growing as time past by and we’re lucky to have BSC on board though tokens are still with ETH, soon if the update of ETH fails to address this crazy fees, many will shift to BSC.I was looking for buying Arcona and found this ridiculous fee.
I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.
Uniswap was created not so that bounty hunters could sell the coins received from the bounty there, but for traders who trade new coins that are not yet represented on centralized exchanges. Therefore, you need to be patient when your coin will be traded on CEX, or you should use Uniswap on the weekend, when the network load will be lower and, accordingly, the commission will also be lower.
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