Lowest withdrawal fee for ETH? | Bitcointalksearch.org

kotwica666

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Unfortunately, this solution is not good as the OP keeps its USDT in MEW. It is in order to send USDT to CEX that he needs to cover the ETH fee.

I'm afraid there are only two options. Either cover the cost of the ETH transfer fee to MEW and then fee of transfer USDT, or just wait until the fee costs drop. The good thing is that USDT price is fixed, so you won't be at a loss due to the eventual price drop.

xzone

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This is the worst feature of ERC20. Unfortunately, there is not much you can do about it, the fee you will pay for gas is always very high. Sometimes it drops a little, if you are constantly at the computer, you can send it at a lower cost if you constantly follow it. But in any case, you will have to pay a lot of money.
If the amount you want to transfer is not very important to you, you can consider it as a long-term investment. If you wait a few years instead of sending it now, you may have a chance to sell it for a much higher price, it will be very profitable for you

nimogsm

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According to my observations, the best day for cheap transactions is Sunday evening, right now, for example, a transaction costs around $ 7, which is quite good compared to what it was quite recently.But it is also not right to wait for the moment to send.And as many say in this topic, ftx is still the best option.

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Quote from: LUCKMCFLY on February 27, 2022, 01:31:23 PM

Quote from: bhooscream on February 18, 2022, 06:52:54 PM

Quote from: kentrolla on February 15, 2022, 07:18:15 AM

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16,

The best way is to wait for the gas fee a bit cheap. Your coin is USDT, you don't need to worry about the price, it is a stable coin. What you need is to buy ETH at a cheap price. Because we seem to have a decline phase in the next few days, it is your chance to buy ETH. Then, you can send it to your MEW. or if you need urgent fresh money, you just force to send ETH to your MEW now. We don't know when the gas to be cheap enough.

This is great advice, honestly for now that ETH is not at its maximum price, you should buy it and send it to your MEW, however it is the best advice so far, 15 or 16usd may sound like a high fee, but until If the rates do not drop, it is not possible that you can make new turns, if the price of ETH rises as BTC rises, it will be more difficult to pay the corresponding gas, although currently I prefer to use Metamask instead of mew, it seems to me that it is safe and that in the same way you can make your tokens available or in this case the usdt.

I think 15 to 16$ eth fund is more enough right now for sending erc20 coin trough have lower gas fees transaction now, but is not stable with 15$ fund enough because eth gas fees always change day by day or some time hour by hour. I think if you try to send your erc20 coin to exchange market right now is good time for doing it and you can buy ETH on FTX exchange, deposit your USDT or another altcoin like trx, xrp or xlm and later convert on balance menu and choose which one coin do you have to convert with ETH, last withdraw eth coin to your metamask wallet address.

LUCKMCFLY

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Quote from: bhooscream on February 18, 2022, 06:52:54 PM

Quote from: kentrolla on February 15, 2022, 07:18:15 AM

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16,

The best way is to wait for the gas fee a bit cheap. Your coin is USDT, you don't need to worry about the price, it is a stable coin. What you need is to buy ETH at a cheap price. Because we seem to have a decline phase in the next few days, it is your chance to buy ETH. Then, you can send it to your MEW. or if you need urgent fresh money, you just force to send ETH to your MEW now. We don't know when the gas to be cheap enough.

This is great advice, honestly for now that ETH is not at its maximum price, you should buy it and send it to your MEW, however it is the best advice so far, 15 or 16usd may sound like a high fee, but until If the rates do not drop, it is not possible that you can make new turns, if the price of ETH rises as BTC rises, it will be more difficult to pay the corresponding gas, although currently I prefer to use Metamask instead of mew, it seems to me that it is safe and that in the same way you can make your tokens available or in this case the usdt.

bhooscream

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Quote from: kentrolla on February 15, 2022, 07:18:15 AM

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16,

The best way is to wait for the gas fee a bit cheap. Your coin is USDT, you don't need to worry about the price, it is a stable coin. What you need is to buy ETH at a cheap price. Because we seem to have a decline phase in the next few days, it is your chance to buy ETH. Then, you can send it to your MEW. or if you need urgent fresh money, you just force to send ETH to your MEW now. We don't know when the gas to be cheap enough.

poodle63

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as you can see the most effective way is using FTX as a centralized exchange that allows discounted fee in ETH platform, there’s definitely no other way around that could helps you in avoiding the sky high fees.
if you think your asset isn’t much you should just avoid ethereum altogether, BSC and any similar platforms that are second layer of ETH are made solely for this purpose alone.
the recent news of twitter allowing tipping in their platform using ETH also carries controversy because of this reason, the ridiculous fee required, make a lot of things related with ETH seems becoming rather pointless and kinda useless since it’s gonna be eating up quite the amount of your assets.

danherbias07

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My same problem a month ago and trust me, I did all the homework and nothing was found. I even tried checking every hour to see how much change it will make. Like if there will be a perfect time where the traffic is lower or if the fees will go down just for some other reason. Yes, there are changes but its just cents of a dollar and you wouldn't even feel it.
Swallow the reality or go wait for new things to come out which they say will be a better one.

leea-1334

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Quote from: makishart on February 17, 2022, 08:48:30 AM

It will not work. His fund was in ethereum blockchain. It's not possible to use binance smart chain in this case. you will always need ethereum to pay the fees. If it's about converting or bridging and the fees was also very expensive.

his asset on ethereum blockchain.

Secondlayer then I guess,,, Never used myself but supposedly like loopring works.

Second option is to use like some ERC20 token if you have any? I do not know if this works for OP, but just another option to try. Supposedly ETH 2.0 proposal could also include something like this in the futur. https://medium.com/biconomy/moving-forward-save-your-eth-pay-gas-in-erc20-tokens-7fcd9969d9ff

makishart

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Quote from: leea-1334 on February 16, 2022, 05:49:37 AM

One solution would be to use wrapped ETH perhaps? I mean, it is not real ETH but you can opt to receive wrapped ETH on Binance Smart Chain maybe, and then using pancakeswap to withdraw it to Binance CEX, which is still ETH in the exchange.

It will not work. His fund was in ethereum blockchain. It's not possible to use binance smart chain in this case. you will always need ethereum to pay the fees. If it's about converting or bridging and the fees was also very expensive.

Quote from: leea-1334 on February 16, 2022, 05:49:37 AM

You need BNB to pay for fees but it is still cheap at the time being.

his asset on ethereum blockchain.

Quote from: ?? on ??

The issue of the high cost of gas from ETH annoyed me,

Be patience and wait for the developers to fix this scalability problem but again no ETA. it may come this year, next year or even next decade and only the time will answer this. Grin

Quote from: ?? on ??

I didn't expect gas costs to continue to increase and I couldn't withdraw a lot of tokens, I've tried almost all platforms but the result is that gas costs are always expensive.

That means you didn't know how blockchain works. If you didn't have money to pay fees and forgot your asset.

trendcoin

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Quote from: kentrolla on February 15, 2022, 07:18:15 AM

...
Looking for some reasonable suggestions to avoid hefty fees.

You can try P2P methods to circumvent CEX. Also, keep track of when Ethereum gas fees are most affordable. You can use this address: https://ethereumprice.org/gas/ According to UTC, the density decreases a little at noon. Do not use the Ethereum network unless you have to. Use TRX, SOL and BSC networks for your $100-200 transactions. I wish you good luck.

asyakashi

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if it's an ethereum network there is no other way but to receive high gas, what you do is don't do too many transactions, only 2x transactions go to CEX to make it fiat, if necessary, don't need to use a swap platform like chanlengy because the fees will be more expensive.

Gozie51

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The issue of the high cost of gas from ETH annoyed me, I didn't expect gas costs to continue to increase and I couldn't withdraw a lot of tokens, I've tried almost all platforms but the result is that gas costs are always expensive.

If your altcoins are erc20 then you don't have choice that you won't use Ethereum for your transaction because they are under the Ethereum blockchain. The fees of Ethereum has increased making transaction in the blockchain discouraging for many investors.

Jackl87

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Quote from: kentrolla on February 15, 2022, 07:18:15 AM

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16, please suggest me a way to shill out less as I am trying to find a way to bypass this hefty withdrawal fee applies for ETH in CEX and I have alredy tried exchanges like shapeshift, changelly but they minimum order quantity is more.if i pay gas fee at myetherwallet and withdrawal from in CEX to transfer the ETH to MEW for withdrawal of ETH and gas fee then i will end up losing almost 30%-40% of amount which I am trying to withdraw. Looking for some reasonable suggestions to avoid hefty fees.

If you wanna sent it from your MEW to a CEX then there is no option or trick that let's you avoid paying the transaction fees on the ETH network. The only thing that you can do is to wait until the gas price goes down again a little. As i am writing this replay the gas prices is at around 30-35 gwei which means a transfer of USDT would cost you around 6$ worth of ETH at the moment, i mean this is still a pretty high fee in comparison to the value of the transaction but it is definitely better then 15$. Usually the time period around 10 am to 12 UTC is a pretty good one to make transactions on the ETH chain because the US are still sleeping at that time.

kentrolla

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I would like to thank everyone who has shared their suggestions but we all have agreed that nothing much can be done unless I have ETH in MEW as I cannot bypass the withdrawal charge from CEX as buying ETH and sending it to MEW is the only way to withdraw the fund i have in MEW. I have decided to wait for a while to see if the gas fee comes down and I have decided to transfer $50 (excluding withdrawal fee) worth of ETH to MEW as this could be utilizes for future transactions.

I would request you all to have a minimum of atleast $50 worth ETH in MEW for gas fee purpose as it's really expensive if you have to keep transferring it from CEX by bits and pieces.

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Quote from: tvplus006 on February 16, 2022, 03:08:26 PM

Quote from: dimonstration on February 15, 2022, 07:28:53 AM

Quote from: Psynthax on February 15, 2022, 07:22:58 AM

FTX will charge you around $4 - $5 for any ethereum transaction to your myetherwallet. This exchange site is operating based from traders to traders. FTX gives you discount to pay some of fees from your transaction. It's caused by this exchange site was allocating some percents from its revenue to its users. There's no other exchange site that was doing this thing. FTX is the only one and it's worth to try. I hope this will help you. There's no way to cut your transaction fees to make it even cheaper.

His concern is sending out his ETH out of metamask to CEX and not the other way around.

OP does not have ETH in MetaMask to pay the USDT withdrawal fee. For this reason, he wants to replenish his MetaMask wallet using CEX. For this purpose, the FTX exchange is excellent, which provides daily free withdrawals on the ERC-20 network for holders of the FTT coin.

Right OP looking for exchange market have lower fees for withdrawing because he want to sent FTT coin to exchange market and sell it, I think right now FTX only as lower fees for withdrawing ETH. Binance take 0.01 fees for withdrawing and other exchange above higher fees, maybe OP have found the right answer here about exchange market have lower fees for withdraw eth but still not getting he was solve with his problem or not depending still not any respond yet from him.

tvplus006

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Quote from: dimonstration on February 15, 2022, 07:28:53 AM

Quote from: Psynthax on February 15, 2022, 07:22:58 AM

FTX will charge you around $4 - $5 for any ethereum transaction to your myetherwallet. This exchange site is operating based from traders to traders. FTX gives you discount to pay some of fees from your transaction. It's caused by this exchange site was allocating some percents from its revenue to its users. There's no other exchange site that was doing this thing. FTX is the only one and it's worth to try. I hope this will help you. There's no way to cut your transaction fees to make it even cheaper.

His concern is sending out his ETH out of metamask to CEX and not the other way around.

OP does not have ETH in MetaMask to pay the USDT withdrawal fee. For this reason, he wants to replenish his MetaMask wallet using CEX. For this purpose, the FTX exchange is excellent, which provides daily free withdrawals on the ERC-20 network for holders of the FTT coin.

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Quote from: Mpamaegbu on February 16, 2022, 03:51:26 AM

Quote from: Zotak337 on February 15, 2022, 11:35:10 AM

There is no way to avoid paying for the gas fee needed to send your USDT out, I have a few tokens in my wallet that range from 40% to 120% that I can't send out due to high gas fee when sending tokens on ETH smart contract.

It's really sad that we get to face this exorbitant gas fees of ETH ceaselessly. If not for its smart contact feature, I'm cocksure ETH would've been dead by now. It's so annoying to the point of frustration. I've had to miss out on transfers from non-custodial wallets to exchanges because of that and on few occasions those tokens I earned through tasks I embarked on evaporated. It doesn't make sense to me to pay anything $10 and above for transactions. Nah! I rather wait it out. I usually avoid any token that has only ETH pair when I'm trading on exchanges. It's really disheartening. ETH is the reason BSC became very popular.

it's true what you say if it wasn't for its features. ETH has long been abandoned by its users to switch to something more friendly like BSC, it took me months to send the tokens I have and when I can send the coins I have are no longer valuable

zonefloor

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In general, there is no way to reduce wages in the current situation. But I usually do my eth withdrawals via coinbase. Because they do not charge a transaction fee, they only charge the current eth gas fee and they do not take brokerage commissions. You can evaluate this. Sometimes it also allows free withdrawals from time to time. I suggest you stay tuned.

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Quote from: kentrolla on February 15, 2022, 07:18:15 AM

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16, please suggest me a way to shill out less as I am trying to find a way to bypass this hefty withdrawal fee applies for ETH in CEX and I have alredy tried exchanges like shapeshift, changelly but they minimum order quantity is more.if i pay gas fee at myetherwallet and withdrawal from in CEX to transfer the ETH to MEW for withdrawal of ETH and gas fee then i will end up losing almost 30%-40% of amount which I am trying to withdraw. Looking for some reasonable suggestions to avoid hefty fees.

Few weeks before it was around $40 for a token transaction so based on considering that it cheaper now and you can pay less fee and wait for the network to clear but you also has the risk of your transaction get stuck for weeks so if you were me I would pay $10 and be happy with the remaining $90. Cheesy

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Quote from: m2017 on February 16, 2022, 06:04:11 AM

Waiting for Ethereum updates can take a long time and I'm not sure if the next update will help reduce fees soon. I'm leaning towards the version that the problem of this topic starter is not solvable. He wants something that is impossible in the current realities. Either he wins his greed and pays a high commission, or let him not touch these coins until new updates.

waiting for all updates to finish is certainly very long. but I have faith, this problem will be solved in the future.
The problem to be solved is not something simple. we have to be patient waiting for it.
while waiting, we can take advantage of the network provided by other platforms to continue to benefit. rather than expecting something that is still very far away. we can take advantage of something cheaper. we don't have to bother or compare with others. Complaining I don't think there will be any good results.

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Quote from: kentrolla on February 15, 2022, 07:18:15 AM

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16, please suggest me a way to shill out less as I am trying to find a way to bypass this hefty withdrawal fee applies for ETH in CEX and I have alredy tried exchanges like shapeshift, changelly but they minimum order quantity is more.if i pay gas fee at myetherwallet and withdrawal from in CEX to transfer the ETH to MEW for withdrawal of ETH and gas fee then i will end up losing almost 30%-40% of amount which I am trying to withdraw. Looking for some reasonable suggestions to avoid hefty fees.

Here are some pointers:

The first thing is that you need to pay gas fees in the source network native token when you want to send tokens. I wont judge you for this, but in your case you have a small amount of ETH based USDT in your myetherwallet. The thing is, unless it is a historical reason, you only store/own tokens on ETH if it is large quantities of tokens or if you are rich. Since you are concerned about $100 I presume that you made a mistake or it is a historic thing and you forgot about the USDT in that account.
The second thing to realize, is that there is no way for you to move those tokens without depositing the required ETH for fees, as ETH is the native token of the ETH chain on which you have the USDT
Once you made peace with point two you can do one of three things (1) wait for the merge and POS and hope fees drop, (2) wait for a drop in gas fees and choose the lowest amount on the gasstation and firstly fund your account with ETH and then send the USDT with the required ETH gas fees and lastly (3) look for a method to reduce gas fees further.
If you decide against the first two options of the third bullet, you should realize that Myetherwallet is a bit difficult to pair with new DeFi options for lower gas fees. You will struggle to get your private key out of MEW but you can try to restore your 24 words seed phrase to another wallet that is easier to get your private key from. Once you have exported your private key from such a wallet, you can try importing the private key to Metamask or another type of Web3 wallet that supports DeFi platforms
Once you have such a wallet going, then you need to execute bullet two above subject to bullet one. You can then use the new wallet to find a good route for cheapest fees to swap to another token that is cheap gas fees like BNB BEP20 or USDC BEP20 or any other version of token accepted by the CEX you want to send to. From there you can send away cheaply
Once you have such a wallet going, then you need to execute bullet two above subject to bullet one. You can then use the new wallet to find a good route for cheapest fees to swap to another token that is cheap gas fees like BNB BEP20 or USDC BEP20 or any other version of token accepted by the CEX you want to send to. From there on you can send away cheaply, or perhaps through the swap you swapped to your destination token without the need to send to a CEX first. Whatever you do, unless you are rich, never ever withdraw anything ETH related from an exchange as it will cost you an arm and a leg as exchange withdrawal fees are very high to ensure their transactions go through and they dont risk lower fees.
A good current platform to swap to get the best rates and route is rubic.exchange

m2017

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Quote from: tyz on February 16, 2022, 05:43:57 AM

Quote from: ?? on ??

The ETH gas fee for sending tokens is already unreasonable, I have also tried many platforms to send tokens and the gas fee is always above $40, even when the ETH price drops but the gas fee does not go down and I recommend transferring the token immediately as long as we still have it profit from gas cost difference.

If you don't need to transfer them urgently, then I would wait for the next major updates/upgrades of Ethereum. At least it is promised that then the gas fees should drop significantly, which I am not completely convinced of, but I assume that those who claim this have an idea about the changes and can better assess this.

Waiting for Ethereum updates can take a long time and I'm not sure if the next update will help reduce fees soon. I'm leaning towards the version that the problem of this topic starter is not solvable. He wants something that is impossible in the current realities. Either he wins his greed and pays a high commission, or let him not touch these coins until new updates.

leea-1334

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One solution would be to use wrapped ETH perhaps? I mean, it is not real ETH but you can opt to receive wrapped ETH on Binance Smart Chain maybe, and then using pancakeswap to withdraw it to Binance CEX, which is still ETH in the exchange.

You need BNB to pay for fees but it is still cheap at the time being.

tyz

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The ETH gas fee for sending tokens is already unreasonable, I have also tried many platforms to send tokens and the gas fee is always above $40, even when the ETH price drops but the gas fee does not go down and I recommend transferring the token immediately as long as we still have it profit from gas cost difference.

If you don't need to transfer them urgently, then I would wait for the next major updates/upgrades of Ethereum. At least it is promised that then the gas fees should drop significantly, which I am not completely convinced of, but I assume that those who claim this have an idea about the changes and can better assess this.

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I'm not using FTX since many people are recommending it because of its low ETH fees but if you are comfortable sharing your personal information to them then just create an account on that exchange.

If you really want to withdraw that 100$ in your MEW, there is no way around but to pay those ridiculous ETH gas fees. Well, as long as you are not paying more than the total amount of money that you want to withdraw then it is all good if you really want to withdraw it. This is the reason why I'm not using ETH anymore when I'm transferring coins/tokens. The fees are very high that I can't afford it anymore.

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Total my ERC-20 tokens are currently around $520, unfortunately the high gas costs make me no profit if I transfer, especially for the conversion from ETH Lend to AAVE which takes more than $200, there is no solution whatsoever from the expensive gas costs and it looks like the ETH team will never lower gas costs for various reasons.

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Quote from: ?? on ??

The ETH gas fee for sending tokens is already unreasonable, I have also tried many platforms to send tokens and the gas fee is always above $40, even when the ETH price drops but the gas fee does not go down and I recommend transferring the token immediately as long as we still have it profit from gas cost difference.

It's been unreasonable for a long time so it needs an option to move to another network so I personally also no longer use the Ethereum Network to make any transactions, and in my opinion transactions on the Ethereum Network are also still very dense so the amount of Gas transaction fees can't be reduced even though the price of Ethereum is going down.

Mpamaegbu

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Quote from: Zotak337 on February 15, 2022, 11:35:10 AM

There is no way to avoid paying for the gas fee needed to send your USDT out, I have a few tokens in my wallet that range from 40% to 120% that I can't send out due to high gas fee when sending tokens on ETH smart contract.

It's really sad that we get to face this exorbitant gas fees of ETH ceaselessly. If not for its smart contact feature, I'm cocksure ETH would've been dead by now. It's so annoying to the point of frustration. I've had to miss out on transfers from non-custodial wallets to exchanges because of that and on few occasions those tokens I earned through tasks I embarked on evaporated. It doesn't make sense to me to pay anything $10 and above for transactions. Nah! I rather wait it out. I usually avoid any token that has only ETH pair when I'm trading on exchanges. It's really disheartening. ETH is the reason BSC became very popular.

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Quote from: Jaered on February 15, 2022, 06:16:46 PM

Sorry bro. I don't think there's a way out of this that wouldn't cost you some ethereum gas.

The user will always need to pay the fees and so many people are trying to avoid to pay very big fees when they wanna create in chain transaction on ethereum blockchain and they were not even able to decreasing the value for the gas fees.
Remember that it can be seen from the chart of the fees is quite stable these days and it will be useless waiting for the fees to go down again. This will not work and im sure about this.

cryptoaddictchie

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I think FTX is good. You dont have any other options but to fund your wallet with eth for fee. This is inevitable unless you dont want to cash out the usdt into fiat right? Thats the only fee youll get burden cause when the eth is on the cex already the fees for trading is very minimal and you wont feel that you have paid something from it. The best thing you do is standby and wait for the gas fee to lower or find a time where you could buy eth and used it for this.

bluebit25

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I see there are some cex have special offers to withdraw ETH with low cost, you can visit more at FTX. But in my personal opinion, it is advisable to limit trading small amounts on ERC20, although things are much better than before, it is not suitable for those who tend to trade often and small. If you have to use it for your needs, then you have to accept the fee and that's why you need DYOR.

yohananaomi

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I can't seem to come up with a solution because I haven't found it myself and have tried to try it, but it seems that there will always be difficulties when using the ethereum platform to get cheap gas costs.
if you wait a certain time for gas costs to come down, it is likely to be difficult to realize, if you delay then you will also be disadvantaged with funds that should be used for other things. all returned to you or wait until indeed ethereum will lower gas costs.

sheenshane

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The same problem on my token that I wanted to sell but I don't have enough gas fee.

So in this case, it seems there's no other option is to have a small amount of Ethereum just to cover the fees. There's no way that your USDT will out without Ethereum as your gas fee.

The same on me, I was hoping and keep monitoring the Gas tracker when the gas fee will become lower.
If you can hold just let your USDT sleep on that wallet and at least you know it's safe or else, you will sacrifice those losses just to get your fund and pay the high fees.

Jaered

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Sorry bro. I don't think there's a way out of this that wouldn't cost you some ethereum gas. The only thing you can do is to keep on monitoring the gas fees to know when it drops to an acceptable level for you

TastyChillySauce00

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the only logical way of having cheap withdrawal fees for your ETH is just to simply wait it out, there is like no other way besides of it that’s the reason so many projects are now migrating in other chain like matic.
if you observe further the gas fee required fluctuates a lot, that opens up a chance for you in having cheap gas fee and reducing the amount of money needed by finding the right timing, basically the moment the fee reduced.
and of course waiting like this doesn’t necessarily guarantee that you will eventually find the right chance, if you really can’t wait it out then there is simply no way but just to pay the ridiculousy high fee itself just like any other people.

I see no solution for your problem. No ETA about when the fees will be going down as well as it seems the chart shows that average fees on ethereum blockchain is very stable. It never gets decrease again.

Zotak337

member

Activity: 232

Merit: 10

There is no way to avoid paying for the gas fee needed to send your USDT out, I have a few tokens in my wallet that range from 40% to 120% that I can't send out due to high gas fee when sending tokens on ETH smart contract.

Teraboy

hero member

Activity: 2282

Merit: 505

This is a very difficult thing for sure. The only problem is you need fill your wallet with ethereum to be able to send the money from your wallet. I think that we have no solution for this even if there was a tool to make it cheaper but it will not work perfectly. The gas price is determined by the blockchain and i think you have no choice other than paid a lot of fees to take your token from your wallet.
Im also looking for this but i know that this is blockchain and this can't be fooled as everything in the blockchain determined by the system. The system itself alreayd fully programmed by the developers.
i know what you feel to pay a lot of fees for a single transaction. You need to send it when people are not so busy in ethereum network.

marilynmanson21

hero member

Activity: 1260

Merit: 510

Quote from: Psynthax on February 15, 2022, 07:22:58 AM

FTX will charge you around $4 - $5 for any ethereum transaction to your myetherwallet. This exchange site is operating based from traders to traders. FTX gives you discount to pay some of fees from your transaction. It's caused by this exchange site was allocating some percents from its revenue to its users. There's no other exchange site that was doing this thing. FTX is the only one and it's worth to try. I hope this will help you. There's no way to cut your transaction fees to make it even cheaper.

Is there a minimum transaction for diFTX? It's been a long time since I followed the info about FTX providing another low cost from the others
so is it true that the news I received if we send ETH from FTX must be in the same wallet, it can't be any other wallet other than the wallet we used for the first time to send ETH to mEW

please help me for the explanation of the news i got

makishart

legendary

Activity: 3108

Merit: 1029

You have no choice other than try to deal with such amount to take your USDT out from your wallet to the CEX. You need to send ethereum from CEX to your wallet and then send back your USDT again to the your cex account and this will cost you double transaction fees. Even if you are try to avoid this and it will be useless. You need to pay that doubled and you have no choice other than doing two transactions to be able to take your 100 USDT or it will always be on your wallet and you can do nothing about that.

masterrex

full member

Activity: 1820

Merit: 107

The Ethereum transaction fees are too expensive to handle in the previous months, but I think it was dramatically reduced nowadays. because I was able to send erc20 transactions in 26 Gwei gas limit? Anyway, the OP is asking where are the cheaper Ethereum fees so far I think you must try the FTX exchange because they have a subsidy for half of the Ethereum gas fees and so far I can say that it was the cheapest withdrawal fees among other exchange platforms and FTX has also offered a free Ethereum withdrawal if you stake some FTX tokens there. FTX is not requiring KYC to trade and withdraw but it was only limited to $2K per day.

bonyaserg

jr. member

Activity: 1876

Merit: 5

Personally, I manage on the Ethereum network only when the gas commission becomes very minimal, about $ 10, then I immediately decide on the transfer of funds to some kind of exchange. For me, losing about 10 dollars is not a big amount, since I will get much more from selling tokens on the exchange. And I don’t see more other options to pay less for gas, and this is the only way I use at the moment.

CaptainCrapper

full member

Activity: 462

Merit: 100

Quote from: Psynthax on February 15, 2022, 07:22:58 AM

FTX will charge you around $4 - $5 for any ethereum transaction to your myetherwallet. This exchange site is operating based from traders to traders. FTX gives you discount to pay some of fees from your transaction. It's caused by this exchange site was allocating some percents from its revenue to its users. There's no other exchange site that was doing this thing. FTX is the only one and it's worth to try. I hope this will help you. There's no way to cut your transaction fees to make it even cheaper.

Is it possible? I have to know an idea about FTX exchange but my friend also tells me the matter I will try if it is possible we can do it. I think their no alternative option but there was a question about the transaction fee I have one suggestion he can see the coin market cap page when seeing the eth gas fee when showing 30 gwaway this time he can complete the transaction this time transaction cost is 4$ to $7 can try it.

sunsilk

hero member

Activity: 3038

Merit: 634

You have no option but to fund that MEW account of yours with ETH. But here's what I can think of, trade that ETH into XRP on your CEX wallet and then transfer that XRP into Binance account if you ever had it.

But after checking the fee for withdrawing it through ERC20, the fee really is a lot so this is basically applicable to all.

Quote from: Psynthax on February 15, 2022, 07:22:58 AM

FTX will charge you around $4 - $5 for any ethereum transaction to your myetherwallet.

I haven't used them but if that's for real, this is the cheapest that I've seen.

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: Psynthax on February 15, 2022, 07:22:58 AM

FTX will charge you around $4 - $5 for any ethereum transaction to your myetherwallet. This exchange site is operating based from traders to traders. FTX gives you discount to pay some of fees from your transaction. It's caused by this exchange site was allocating some percents from its revenue to its users. There's no other exchange site that was doing this thing. FTX is the only one and it's worth to try. I hope this will help you. There's no way to cut your transaction fees to make it even cheaper.

His concern is sending out his ETH out of metamask to CEX and not the other way around.

Quote from: kentrolla on February 15, 2022, 07:18:15 AM

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16, please suggest me a way to shill out less as I am trying to find a way to bypass this hefty withdrawal fee applies for ETH in CEX and I have alredy tried exchanges like shapeshift, changelly but they minimum order quantity is more.if i pay gas fee at myetherwallet and withdrawal from in CEX to transfer the ETH to MEW for withdrawal of ETH and gas fee then i will end up losing almost 30%-40% of amount which I am trying to withdraw. Looking for some reasonable suggestions to avoid hefty fees.

There's no other way to reduce fee when sending ETH to CEX since they have different ETH wallet than the normal metamask so the fee is much higher when sending to them. If you really want to save fees, Try the P2P here in the forum and transact only from trusted user so that you will not need escrow anymore. You can easily sell your ETH in exchange to BTC or stablecoins if you make a sales thread in the currency and exchange board^[1] here. Just deal only on trusted user and avoid new traders..

[1] https://bitcointalk.org/index.php?board=53.0

Psynthax

hero member

Activity: 2366

Merit: 504

FTX will charge you around $4 - $5 for any ethereum transaction to your myetherwallet. This exchange site is operating based from traders to traders. FTX gives you discount to pay some of fees from your transaction. It's caused by this exchange site was allocating some percents from its revenue to its users. There's no other exchange site that was doing this thing. FTX is the only one and it's worth to try. I hope this will help you. There's no way to cut your transaction fees to make it even cheaper.

kentrolla

hero member

Activity: 1652

Merit: 569

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I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16, please suggest me a way to shill out less as I am trying to find a way to bypass this hefty withdrawal fee applies for ETH in CEX and I have alredy tried exchanges like shapeshift, changelly but they minimum order quantity is more.if i pay gas fee at myetherwallet and withdrawal from in CEX to transfer the ETH to MEW for withdrawal of ETH and gas fee then i will end up losing almost 30%-40% of amount which I am trying to withdraw. Looking for some reasonable suggestions to avoid hefty fees.

Topic: Lowest withdrawal fee for ETH? (Read 409 times)