Pages:
Author

Topic: insane fees on eth (uniswap) - page 7. (Read 756 times)

full member
Activity: 1204
Merit: 162
March 17, 2021, 03:00:44 PM
#10
This is too familiar when using the services on ERC20, the advice for you is to limit small transactions if it is not profitable for you, do not trade because it only makes you lose money add crazy fees. Choosing BSC is a better solution in the meantime.
Hope the solution they come with will be good since this is killing small traders. Fees are crazy. I'm small trader and all my trading is done on Binance for now since ERC20 tokens on UNI are not in the reach for me now.
full member
Activity: 944
Merit: 101
PredX - AI-Powered Prediction Market
March 17, 2021, 02:57:29 PM
#9
This is too familiar when using the services on ERC20, the advice for you is to limit small transactions if it is not profitable for you, do not trade because it only makes you lose money add crazy fees. Choosing BSC is a better solution in the meantime.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
March 17, 2021, 02:54:03 PM
#8
Because of the insane fee on ETH even though I don't want to hold my balance on trading site it is the best option for me if I want to hold some erc20 tokens.
I don't want to spend most of my investment on fee's I am just a small time trader so if I want to take out my money on trading site it wouldn't be on ETH or any erc20 tokens.
hero member
Activity: 3080
Merit: 603
March 17, 2021, 02:42:53 PM
#7
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
2.0 is already coming but there's no definite time when it will be finished. Wait until July, there's the improvement that Vitalik has proposed abou the EIP 1559.
I wonder why you are paying that much fees just to pursue the transaction if you can set it to the lower amount. Maybe that's the fixed amount that will accelerate your transaction. I've done a transaction and have to pay around $5-$10 and it has quickly got the network confirmation for Ethereum.
legendary
Activity: 2268
Merit: 2327
Marketing Campaign Manager |Telegram ID- @LT_Mouse
March 17, 2021, 02:39:51 PM
#6
For a faster transaction, with high priority, the total fee one have to spend on uniswap is ~$116. Who the hell using this rich network to swap tokens? I'm not that rich and I'm fine with CEX.
I was looking for buying Arcona and found this ridiculous fee.
sr. member
Activity: 2226
Merit: 259
DGbet.fun - Crypto Sportsbook
March 17, 2021, 01:05:33 PM
#5
I have BitSong coin worth of 85$ 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.
full member
Activity: 1498
Merit: 146
March 17, 2021, 11:47:59 AM
#4
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
Binance smart chain is an individual chain and yes it can be an alternative to the high fee but every project need to swap their tokens to BSC chain before you can transfer them for cheap price but ethereum is decentralized while BSC is completely centralized as far as I know so we can't really trust them in long term.
member
Activity: 826
Merit: 17
2023 would most likely be as bearish as 2022
March 17, 2021, 11:35:28 AM
#3
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
BSC is an improvement version from ethereum in term of scalability. that's why BSC cost less compared with ether and it will be easily to be adjusted consider BSC was totally a centralized chain.

Approve means you re giving permission to the swap to access your asset and then swap means your asset being swapped into the destination asset.
The solution for this problem already created but again since ethereum decentralized and it can't be implemented easily.

you are extremply explained it. i will research more. you answer is very good
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
March 17, 2021, 10:56:48 AM
#2
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
BSC is an improvement version from ethereum in term of scalability. that's why BSC cost less compared with ether and it will be easily to be adjusted consider BSC was totally a centralized chain.

Approve means you re giving permission to the swap to access your asset and then swap means your asset being swapped into the destination asset.
The solution for this problem already created but again since ethereum decentralized and it can't be implemented easily.
member
Activity: 826
Merit: 17
2023 would most likely be as bearish as 2022
March 17, 2021, 10:25:24 AM
#1
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
Pages:
Jump to: