Ethereum gas fee is currently high mostly due to much congestion on the blockchain.I recently swap my token that is worth seventy dollars with a fee of fourty dollar .I really hope that this problems will be solved soon because we are spending too much for making transactions.
Four dollars for a single transaction is still very good when compared to the transaction fees from the previous few days, because before it was much higher than today although at the moment some people are still complaining about Gas costs because they are overwhelmed to provide it. 
Topic: Insane Gas Fees (Read 1176 times)
Ethereum gas fee is currently high mostly due to much congestion on the blockchain.I recently swap my token that is worth seventy dollars with a fee of fourty dollar .I really hope that this problems will be solved soon because we are spending too much for making transactions.
Ethereum gas fee is currently high mostly due to much congestion on the blockchain.I recently swap my token that is worth seventy dollars with a fee of fourty dollar .I really hope that this problems will be solved soon because we are spending too much for making transactions.
Four dollars for a single transaction is still very good when compared to the transaction fees from the previous few days, because before it was much higher than today although at the moment some people are still complaining about Gas costs because they are overwhelmed to provide it.The scalability issues that were expected to occur on the ethereum network, have now occurred and I think it is good that there are alternatives such as BSC which offer transaction speeds as well as much cheaper transaction fees. The current Ethereum transaction fee of $ 4 is quite cheap when compared to a few years ago which was around $ 0.05.
This is really complete madness. Is the network so overloaded that it is okay to charge such gigantic transaction bills? I do not see a solution to the problems with ETH, the inconvenience is increasing every day. Ethereum is in danger of being overshadowed.
Yes, most platforms now deal with gas fees by using binance smart chains. BSC is claimed to be faster and has lower fees, and I admit it.
That's influenced the most, as long as the users continue to use this chain even it's requiring you to pay high transaction fees,
miners will continue to charge it to prioritized your transactions..
If only there's a way to stop those people who are rushing trying not to let go the opportunities that they have in selling their
assets or buying to support the projects.
it made me cringe to send tokens to my wallet using the ethereum network. and if you see the amount of money that you have to spend, it could be that the number of coins that you will send is a large amount
Well, brother, this is not the fact transaction can cost as much as 45$ for now but I remember those days when I was paying 0.00015ETH per ERC20 token transaction. oh! what good days those were ETH= 250$ and BTC arround= 7800$ to 9000$ now I can't even think of it.
Obviously the old users are not complaining much. I got most of my ETH in 2018 (from various bounty campaigns), and I am not gong ballistic over the transaction fee. But for the new users who have just started with their bounty campaigns, this is a serious burden. Many of the bounty campaigns don't pay. Even those which make the payment, provides only $20 or $30 per participant. And in case the gas fee is very high, the participant need to spend almost all of his reward in moving the bounty tokens to the exchanges. In the end, he will be left with nothing. So I would say that the high fee levels are disproportionately having a negative impact on the noobs.
Absolutely you are correct sir, this was a real burden for the newbies, in fact, even the old members here in the forum are going crazy about this transactions charge. But others still hoping the fee will get lower in the future. But there are other options for us to avoid this high fee actually, just try to make research on this thing anyway.
This is really complete madness. Is the network so overloaded that it is okay to charge such gigantic transaction bills? I do not see a solution to the problems with ETH, the inconvenience is increasing every day. Ethereum is in danger of being overshadowed.
Yes, most platforms now deal with gas fees by using binance smart chains. BSC is claimed to be faster and has lower fees, and I admit it.
I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy 
You might adjust the highest peak in the gas fee dude, Because I most often used Trust wallet were every time I made a transactions
I am the one who adjust the gas fee depending if it is slow or if I want fast the gas fee is higher for sure. You are insane if you choose that amount were your the one who set it up to make it happen, besides it is our options only if we like that and you are stupid or crazy if you
choose that transaction fee in the gas anyway.
Well, brother, this is not the fact transaction can cost as much as 45$ for now but I remember those days when I was paying 0.00015ETH per ERC20 token transaction. oh! what good days those were ETH= 250$ and BTC arround= 7800$ to 9000$ now I can't even think of it.
Obviously the old users are not complaining much. I got most of my ETH in 2018 (from various bounty campaigns), and I am not gong ballistic over the transaction fee. But for the new users who have just started with their bounty campaigns, this is a serious burden. Many of the bounty campaigns don't pay. Even those which make the payment, provides only $20 or $30 per participant. And in case the gas fee is very high, the participant need to spend almost all of his reward in moving the bounty tokens to the exchanges. In the end, he will be left with nothing. So I would say that the high fee levels are disproportionately having a negative impact on the noobs.
yes with the future terms of absence might trader gains with chance as managing token transmission with least on sums with the network fee as trader to picks time as best to collect returns with the trading while expecting to pay enough with the transaction from exchange to personal account.
Well, brother, this is not the fact transaction can cost as much as 45$ for now but I remember those days when I was paying 0.00015ETH per ERC20 token transaction. oh! what good days those were ETH= 250$ and BTC arround= 7800$ to 9000$ now I can't even think of it.
This is really complete madness. Is the network so overloaded that it is okay to charge such gigantic transaction bills? I do not see a solution to the problems with ETH, the inconvenience is increasing every day. Ethereum is in danger of being overshadowed.
Yes, most platforms now deal with gas fees by using binance smart chains. BSC is claimed to be faster and has lower fees, and I admit it.
Different coins and actions have its own gas quantity and and sometimes they are really crazy. Unfortunately there is no solution, all we can to do is to wait. For now gas is already 80-100, which is quite cheap comparing to 300-400 like it was a month ago. Ethereum 2.0 willn`t be deployed soon, so I don`t see any real solution for it
Gas fees tend to soar the moment you need to make a transfer the most. To keep an eye you can use Ethgasstation which will give you an indication of a realistic minimum depending on how much of a hurry are you really in. Most of the times you do not really mind if it takes one minute or one day - at least I don't - so take a look at the probability of getting your transaction mined to at least not paying for what you don't really need.
Perhaps it is best not to move tokens if it is not necessary. I hardly use ether anymore at this time because of the high fees. I have turned to Dash and lately bnb. The fees of the ethereum network are already unsustainable.
There are some new networks that are offering low fees. I intend to sell my ether and buy some altcoins like AVAX. It has low fees and I can make fast transactions, it also has a DEX called Pangolin to play a bit because while I wait for the ethereum fees to go down I will have to wait a long time.
https://pangolin.exchange
There are some new networks that are offering low fees. I intend to sell my ether and buy some altcoins like AVAX. It has low fees and I can make fast transactions, it also has a DEX called Pangolin to play a bit because while I wait for the ethereum fees to go down I will have to wait a long time.
https://pangolin.exchange
I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy
That is crazy. Just 2 days I was trying to send 215 USDT from one of my exchange wallet to another exchange and the ERC20 withdrawal fee was 17USDT though luckily both the two exchange also have the option for TRC20 wallet address and I chooses that for the same transaction for a 1USDT fee. Look at the difference. This same issue have not allowed me transfer same usdt to another exchange I also wanted to use but that didn't have the TRC20 just ERC20 and i ended up not doing that transaction cos that ones fee was 20USDT. 
Now I think gas costs are normal. different from January when yesterday there were many airdrops that required ethereum as a transaction fee.
Over the past 2 weeks the gas costs have gone down and are likely to be normal as usual. So you can do normal transactions for now because gas costs are already low. every day in the morning the gas fee has decreased if you are observant in taking time
Over the past 2 weeks the gas costs have gone down and are likely to be normal as usual. So you can do normal transactions for now because gas costs are already low. every day in the morning the gas fee has decreased if you are observant in taking time
They are not normal. The fee has declined form the insane levels we had for most of February, but they are still quite high. According to Ycharts, the average transaction fee as of 5th March 2021 is $14.05, which is almost 100 times the level we had one year ago. However, according to Etherscan, the average transaction fee stands at $2.43 for high priority transactions. Don't know which figure is closer to reality.
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i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this
The team behind ETH said it's gonna get resolved in july, but it's always good if projects or people starts using other blockchain whether by wrapping coins or tokens since it's gonna lighten the burden since the traffic gonna be spread out therefore maybe before july the problem resolved itself but honestly it's indeed ridiculous but right now the fee already going down. I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy
This is outrageous!! Are you just sending these coins from one account to another or interacting with a dex because personally I have had issues with uniswap and paid more money on gas fees than the value of the token....ever since this happened I have avoided these decentralized exchanges. Our ethereum devs need a lasting solution before this gets out of hand
i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this
We can't do anything about high gas fees. Vitalik said that he will launch Ethereum version 2.0 to solve this problem, but until now we haven't heard anything about Ethereum 2.0.
Everyone arewaiting for this since the founder of this project gives this statement, the high gas fees are really hurting everyone
who are using ERC chain.
Hoping that after this update version traders and investors will see much competitive gas fees, it will allow them to transact again
with their supported project inside Eth chain.
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