Seeking help with PEPE on coinbase wallet - page 2.

zasad@

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Quote from: solomonashcroft on May 04, 2023, 07:36:48 PM

Quote from: zasad@ on May 04, 2023, 05:11:17 PM

Quote from: solomonashcroft on May 04, 2023, 09:00:28 AM

Hey everyone, I have some pepe on coinbase wallet, but it won't let me just sell the pepe for money. I tried just swapping the pepe for another coin, but even then, it wants to charge half my profit worth of gas fees. Any suggestions?

Do you trade PEPE token on decentralized exchanges like Uniswap and 1 inch?
The commission on the efmirium network is now high, and nothing can be done about it. I have a minimum transaction amount of 3-5 thousand dollars to recoup the commission and earn some money.

I just looked until I could find a way to get some pepe. I ended up using uniswap through the coinbase wallet's explorer, and even trying to swap the pepe back to eth or something still has a really high gas fee

This is the minus of decentralized trade. Today, commissions are even more expensive. I checked, the 1 inch exchanger does not work. Fusion mod does not work for trading pepe tokens.
The price of the token has already increased 3 times, I hope you have enough to pay the commission.

DeathAngel

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OK f**k it, I’ve just created a uniswap wallet & sent 3 ETH there & swapped for $PEPE. It’s a tiny % of my portfolio so I thought why not. Maybe I missed the biggest moves up, maybe $PEPE goes to $0 but I thought it’s worth the risk.

I will come back to this thread at a later date, probably to say how much I regret my little investment.

Hypnosis00

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Quote from: solomonashcroft on May 05, 2023, 07:55:01 AM

Thanks for all the engagement everyone! After seeing it go up again, my original investment of $20 was $263 this morning. Using the uniswap interface, they had me purchase $90 worth of ETH to pay for the transaction. I ended up converting the pepe to eth and now have about $260 of eth as a final result. It still ended up being a profitable trade for me and I learned how those transactions take place. Next time, I think I'll just get pancakeswap if I want to take a position on high risk assets like memecoins

Well, pancakeswap gives the easiest way of converting tokens. But what happened to you will serve as a lesson for you then and have it realized that it was important to get familiar with how the exchanges work and it also needs wide market understanding. But good thing you still manage to do it and the result is great. And talking about meme coins, you don't need to keep them long in your wallet, they easily get hyped and must not miss it to sell, or else, you'll be surprised that your $100 become $10.

Apocollapse

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Quote from: solomonashcroft on May 05, 2023, 07:55:01 AM

Next time, I think I'll just get pancakeswap if I want to take a position on high risk assets like memecoins

PEPE don't integrated with BSC chain, it's not possible to swap your PEPE coin through pancakeswap. I see there's a coin using PEPE name in pancakeswap, you need to be careful because it's a scam coin since anyone can create their coin and list in swap exchange, those swap exchange don't audit or verify the legitimate of the coin.

So make sure you're do your own research first to know if the coin has a side chain. If not really sure you can create a thread in this forum or asking through their active social media.

solomonashcroft

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Thanks for all the engagement everyone! After seeing it go up again, my original investment of $20 was $263 this morning. Using the uniswap interface, they had me purchase $90 worth of ETH to pay for the transaction. I ended up converting the pepe to eth and now have about $260 of eth as a final result. It still ended up being a profitable trade for me and I learned how those transactions take place. Next time, I think I'll just get pancakeswap if I want to take a position on high risk assets like memecoins. Edit: so roughly 1300% growth, I got in after it had been trending on twitter about 2.5 weeks ago, imagine if I had gotten in when it was brand new.. oh well it's a big W and I'll take it

tvplus006

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Quote from: solomonashcroft on May 04, 2023, 07:36:48 PM

I just looked until I could find a way to get some pepe. I ended up using uniswap through the coinbase wallet's explorer, and even trying to swap the pepe back to eth or something still has a really high gas fee

The commission in the Ethereum network is now very high. And if you have a small amount of Pepe, it will be easier for you to use a centralized exchange, since the commission is lower than on DEX. But in any case, you will have to pay a commission for the transfer, but it will be less than for a swap on DEX.

DeathAngel

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I feel like I’ve missed out on PEPE, it’s risen so much but I’ve been thinking that for a while, whilst it’s been constantly rising.

Do you think it’s got any legs left for further pumping or is it going to dump soon as larger bag holders offload?

ethereumhunter

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Quote from: woez on May 05, 2023, 12:36:05 AM

If you've tried trading PEPE for other coins and gas fees are still high, you might want to consider waiting for gas costs to drop before making a transaction. Gas costs can fluctuate greatly based on network activity, so they are likely to decrease in the near future. Alternatively, you can try transferring your PEPE tokens to another wallet or exchange which may have lower gas fees or offer better rates for your tokens. Make sure to research potential wallets or exchanges thoroughly before making any transfer to ensure that they are reputable and trustworthy.

And while waiting for gas costs to drop, he can continue trading PEPE and try to make bigger profits. At least if he trades on Binance, he doesn't pay any fees and the wallet on Binance can be a temporary wallet to store the PEPE tokens until the token fee goes down.

If he wants to send PEPE tokens to other exchanges, he has to think about how much it will cost to send, is it worth doing so or is it still on Binance. But if it were me, I would keep it on Binance and continue trading the PEPE token.

woez

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If you've tried trading PEPE for other coins and gas fees are still high, you might want to consider waiting for gas costs to drop before making a transaction. Gas costs can fluctuate greatly based on network activity, so they are likely to decrease in the near future. Alternatively, you can try transferring your PEPE tokens to another wallet or exchange which may have lower gas fees or offer better rates for your tokens. Make sure to research potential wallets or exchanges thoroughly before making any transfer to ensure that they are reputable and trustworthy.

Apocollapse

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Quote from: solomonashcroft on May 04, 2023, 07:36:48 PM

I just looked until I could find a way to get some pepe. I ended up using uniswap through the coinbase wallet's explorer, and even trying to swap the pepe back to eth or something still has a really high gas fee

You can't do much because PEPE don't have other chains beside Ethereum network, why you're use Uniswap when you still have an option to trade it through centralized exchange? [1] I think it's should be cheaper.

Quote from: TastyChillySauce00 on May 04, 2023, 08:19:28 PM

You can use https://etherscan.io/gastracker to track the fees.

I checked on Uniswap using their default customization, they're charge $23.27 worth of ETH, it's not ~$3 like etherscan recommendation. This because any swap exchange is usually charge you very high fee, not like when you use non custodial wallet to send your token.

[1] https://coinmarketcap.com/currencies/pepe/markets/

TastyChillySauce00

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Quote from: solomonashcroft on May 04, 2023, 07:36:48 PM

I just looked until I could find a way to get some pepe. I ended up using uniswap through the coinbase wallet's explorer, and even trying to swap the pepe back to eth or something still has a really high gas fee

Pepe based on ethereum blockchain and you shall refrain from using it right now caused by the fees is very high at this moment. You can use https://etherscan.io/gastracker to track the fees. It will charge you a lot of money if you are keep trying to swap your pepe to the ethereum.
I hope that if you understand what is happening in ethereum blockchain right now. Everything is trying to use ethere chain. The fees spike a lot.

solomonashcroft

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Quote from: zasad@ on May 04, 2023, 05:11:17 PM

Quote from: solomonashcroft on May 04, 2023, 09:00:28 AM

Hey everyone, I have some pepe on coinbase wallet, but it won't let me just sell the pepe for money. I tried just swapping the pepe for another coin, but even then, it wants to charge half my profit worth of gas fees. Any suggestions?

Do you trade PEPE token on decentralized exchanges like Uniswap and 1 inch?
The commission on the efmirium network is now high, and nothing can be done about it. I have a minimum transaction amount of 3-5 thousand dollars to recoup the commission and earn some money.

I just looked until I could find a way to get some pepe. I ended up using uniswap through the coinbase wallet's explorer, and even trying to swap the pepe back to eth or something still has a really high gas fee

zasad@

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Quote from: solomonashcroft on May 04, 2023, 09:00:28 AM

Hey everyone, I have some pepe on coinbase wallet, but it won't let me just sell the pepe for money. I tried just swapping the pepe for another coin, but even then, it wants to charge half my profit worth of gas fees. Any suggestions?

Do you trade PEPE token on decentralized exchanges like Uniswap and 1 inch?
The commission on the efmirium network is now high, and nothing can be done about it. I have a minimum transaction amount of 3-5 thousand dollars to recoup the commission and earn some money.

Kelvinid

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Of course, you can't sell them because although you can see PEPE in coinbase exchanges but it was not yet open for trading which means it only stuck there. And the only thing you gonna do for now OP is to contact their support system or withdraw your funds but yes, that will incur fees which is a loss on your side. This is why it is very important to check first before sending our funds, awareness is somewhat needed otherwise, we will be wondering why it happens. As this coin is a new coin, you can't really expect it to be listed and traded in major exchanges.

jacafbiz

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Quote from: solomonashcroft on May 04, 2023, 09:00:28 AM

Hey everyone, I have some pepe on coinbase wallet, but it won't let me just sell the pepe for money. I tried just swapping the pepe for another coin, but even then, it wants to charge half my profit worth of gas fees. Any suggestions?

Please explain how the coins get to the Coinbase wallet, CoinBase is a centralized exchange, and from what I know Pepe coins don't trade there for now. If you mistakenly sent the tokens to the Coinbase address then you need to take some responsibility. I remember when I mistakenly sent wrong tokens to Binance I was told to pay $300 for the transaction fee to get it back, the funny thing was that the tokens were not up to $300 in value so I just let it go.

jrrsparkles

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Quote from: solomonashcroft on May 04, 2023, 09:00:28 AM

Hey everyone, I have some pepe on coinbase wallet, but it won't let me just sell the pepe for money. I tried just swapping the pepe for another coin, but even then, it wants to charge half my profit worth of gas fees. Any suggestions?

Let's make your statement clear, whether the funds are in exchange or wallet?

In past coinbase wallet supported only few cryptocurrencies but not using it anymore so no idea the coin PEPE is existing in their wallet.

Let's say if you're talking about exchange then trading fee is not 50% you're supposed to pay 1% as trading fee so either the coin doesn't have volume for the price you're looking to sell or the value of your PEPE is too low which barely meets the minimum trading requirement.

rhomelmabini

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If you could have tried to contact their customer service that will really help you at all. How many PEPE was there in the first place? Maybe it's only a few that's why you won't be able to get good trade on it. If Coinbase do not charge cheap maybe you need to just sit it there or put it on your personal wallet instead and wait until that amount is good for a trade for good profit plus the trading fee.

solomonashcroft

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Hey everyone, I have some pepe on coinbase wallet, but it won't let me just sell the pepe for money. I tried just swapping the pepe for another coin, but even then, it wants to charge half my profit worth of gas fees. Any suggestions?

Topic: Seeking help with PEPE on coinbase wallet - page 2. (Read 285 times)