If you are making the transaction within Exchanges then you can do it in the way that the transaction fee can be minimize. And all want you have to die is to convert the coins to any of the altcoins that has a small transaction fee and go to the other exchange and copy the address you have converted the coins to in the exchange A and in the exchange B after copying the address go back to the A and click withdraw >>> On-Chain and send the coins to the address from the B.
But if you are sending it to Non custodial wallets then there is no way you can avoid the high transaction fee and you must pay it.
Topic: Is there a better way to handle cross-chain transactions? (Read 108 times)
You know those days when you want to move assets between chains…and it's a whole ordeal? Fees eat your profits, you're juggling multiple wallets, and the whole process is just a pain. I've been there, and it sucks the fun right out of trading.
It's not as painful as you said that above. You were not even specific whether it was compatible or non compatible blockchain. Transferring between one to the another chain in the compatible blockchain doesn't require a lot of money. The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
I'd prefer to use stargate finance rather than zero lend. It has been helping ne to transfering my balance across to the another blockchain. It looks like they're focused on cross-chain compatibility, real-world assets (think less reliance on pure crypto), and even ways to reduce those crazy gas fees. Oh, and privacy features - always a plus in this space, right? I'm about to do a deep dive, but I wanted to see if anyone had other projects in mind that do the same stuff. Let's share some.
It was a lending platform but stargate has been supporting various blockchains compared to the zerolend. Many people have been also simultaneously using startage finance too. Zero lend was a new platform. It's only supporting fewer blockchains compared to the stargate.
New platform with potential due to it's privacy layer feature via zkstack tech imo. Might get to Stargate level or might not, but I'll be supporting it. Saw it on Bitget's pre market trading around few cents. Will bet on it..
I think many projects are already starting to integrate omnichain protocol to their project these days anyway, protocol such as layerzero, hyperlane and so on are common thing, there are many defi that allows seamless bridging of asset across the blockchain, what really become a pain though when you are moving over assets to a blockchain that have different native coin thats used to pay gas, you will forced to pay for gas fee using different coin which means withdrawing from the exchange and thats such a waste of time and on top of that the fee is sometime eating up your asset for long term.
if its still between EVM that still use ethereum to pay gas, i personally have no problem the process has always been seamless the omnichain protocol of these days have matured, the liquidity is abundant.
maybe if you feel so inconvenienced with its whole ordeal you can take the shortest route that is just sending it to exchange instead since most of exchange usually support multi chain anyway, kinda feels simpler.
if its still between EVM that still use ethereum to pay gas, i personally have no problem the process has always been seamless the omnichain protocol of these days have matured, the liquidity is abundant.
maybe if you feel so inconvenienced with its whole ordeal you can take the shortest route that is just sending it to exchange instead since most of exchange usually support multi chain anyway, kinda feels simpler.
Keep us updated on what happened with your testing. To be honest, cross chain transactions are one of the most used proposals of many projects but due to liquidity issues, they're not really a thing today. Maybe someday in the future, we'd see a platform or an existing one that will endorse this feature of theirs because many don't want to trust new projects even if they have something to offer like this. So, coming from you, tell us how's the experience.
You know those days when you want to move assets between chains…and it's a whole ordeal? Fees eat your profits, you're juggling multiple wallets, and the whole process is just a pain. I've been there, and it sucks the fun right out of trading.
It's not as painful as you said that above. You were not even specific whether it was compatible or non compatible blockchain. Transferring between one to the another chain in the compatible blockchain doesn't require a lot of money. The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
I'd prefer to use stargate finance rather than zero lend. It has been helping ne to transfering my balance across to the another blockchain. It looks like they're focused on cross-chain compatibility, real-world assets (think less reliance on pure crypto), and even ways to reduce those crazy gas fees. Oh, and privacy features - always a plus in this space, right? I'm about to do a deep dive, but I wanted to see if anyone had other projects in mind that do the same stuff. Let's share some.
It was a lending platform but stargate has been supporting various blockchains compared to the zerolend. Many people have been also simultaneously using startage finance too. Zero lend was a new platform. It's only supporting fewer blockchains compared to the stargate.
You know those days when you want to move assets between chains…and it's a whole ordeal? Fees eat your profits, you're juggling multiple wallets, and the whole process is just a pain. I've been there, and it sucks the fun right out of trading.
The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
It looks like they're focused on cross-chain compatibility, real-world assets (think less reliance on pure crypto), and even ways to reduce those crazy gas fees. Oh, and privacy features - always a plus in this space, right? I'm about to do a deep dive, but I wanted to see if anyone had other projects in mind that do the same stuff. Let's share some.
It seems the coin is not traded openly yet, that being the case I will recommend that you are cautious about investing too much money in that coin, the reason for this is simple, the developers of those projects always paint a perfect picture of what it will be their road map, but things never happen that way, so while a solution for transactions between different blockchains is indeed needed, it is unlikely you were able to find out the project which will do this out of the thousands that will be released just this year. The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
It looks like they're focused on cross-chain compatibility, real-world assets (think less reliance on pure crypto), and even ways to reduce those crazy gas fees. Oh, and privacy features - always a plus in this space, right? I'm about to do a deep dive, but I wanted to see if anyone had other projects in mind that do the same stuff. Let's share some.
You know those days when you want to move assets between chains…and it's a whole ordeal? Fees eat your profits, you're juggling multiple wallets, and the whole process is just a pain. I've been there, and it sucks the fun right out of trading.
It’s truly bad and I am left finding for better platforms to buy crypto in without having to sacrifice so much for transaction fees. This is a very busy time where we would be expected to move our holdings in and out so it’ definitely an inconvenience to have to pay really high fees all the time.Quote
The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
Researching it and there is not much to see. It’s still relatively new and I have yet to see reviews.Seems it's not on CMC yet, but here's the website. It's because it's new that's why I might consider early entry. Their token is trading on Bitget's & Bybit pre market, but I'll explore the former because of their safety features..
Agreed, developer support for a cross-chain is critical to its security and longevity and creates problems for platforms. A strong, active community cannot contribute to potential issues and security for transactions. Developer involvement is immediate to ensure that any emerging vulnerabilities and updates to the connected blockchain are kept abreast, there is a lot of hassle and the frustration of high fees to face.
You know those days when you want to move assets between chains…and it's a whole ordeal? Fees eat your profits, you're juggling multiple wallets, and the whole process is just a pain. I've been there, and it sucks the fun right out of trading.
It’s truly bad and I am left finding for better platforms to buy crypto in without having to sacrifice so much for transaction fees. This is a very busy time where we would be expected to move our holdings in and out so it’ definitely an inconvenience to have to pay really high fees all the time.Quote
The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
Researching it and there is not much to see. It’s still relatively new and I have yet to see reviews.
You know those days when you want to move assets between chains…and it's a whole ordeal? Fees eat your profits, you're juggling multiple wallets, and the whole process is just a pain. I've been there, and it sucks the fun right out of trading.
The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
It looks like they're focused on cross-chain compatibility, real-world assets (think less reliance on pure crypto), and even ways to reduce those crazy gas fees. Oh, and privacy features - always a plus in this space, right? I'm about to do a deep dive, but I wanted to see if anyone had other projects in mind that do the same stuff. Let's share some.
The other day, after finally getting a transaction through (and paying waaaay too much in gas), I came across ZEROLEND in my research. Turns out, it aims to solve a whole bunch of the issues I keep running into with cross-chain activity and lending. Now, I wish I'd found it sooner, but hey, maybe someone else is out there facing the same frustrations.
It looks like they're focused on cross-chain compatibility, real-world assets (think less reliance on pure crypto), and even ways to reduce those crazy gas fees. Oh, and privacy features - always a plus in this space, right? I'm about to do a deep dive, but I wanted to see if anyone had other projects in mind that do the same stuff. Let's share some.
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