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Topic: Uniswap - page 4. (Read 1402 times)

member
Activity: 633
Merit: 10
September 15, 2020, 08:56:12 PM
#85
Some said they even paid $120 as fee for their transaction and its possible because the network is highly congested and lot of transactions are initiated in the same time which didn't exists few months back.If you are going to trade small amount then don't use that exchange and I will say don't get into the Defi Fomo trap or else you will lose your money.
its true mate, i am paid around $9 for token transaction that worth only $100. it take more than 10% from our initial balance and ofcourse make us stress with condition. personally i am not recommeded for uniswap if we want to buy token there, better to wait in Cex as developers seriousness.
full member
Activity: 714
Merit: 101
September 15, 2020, 06:50:38 PM
#84
Yeah, I have done some trading on it, the thing is the different gap price between buying and selling is too much, also Some times the gas fee gets too much, It is full of robots and you probably can't buy any ico at the ICO price on it, for example, $Frontier wallet has an ICO on Uniswao about 0.08$ on the opening price but I bet it goes to 30c in first SEcs because of the bots , I really would rather IEO or ICO with lottery , Like Oin.finance ICO , it was neat.

In the exchange settings, you can set the value of the price change and then you will not suffer from price slippage if you used a small gas price for the transaction and it was executed after a long period of time. Everything is simple there, the main thing is not to be lazy and do it.
full member
Activity: 1498
Merit: 146
September 15, 2020, 03:23:06 PM
#83
Some said they even paid $120 as fee for their transaction and its possible because the network is highly congested and lot of transactions are initiated in the same time which didn't exists few months back.If you are going to trade small amount then don't use that exchange and I will say don't get into the Defi Fomo trap or else you will lose your money.
member
Activity: 546
Merit: 11
September 15, 2020, 03:01:12 PM
#82
Now several project are developing layer 2 solution for ETH, and I think they will be able to solve the problem of high fee, but it is not yet clear when they will be ready.
full member
Activity: 756
Merit: 107
September 15, 2020, 12:59:16 PM
#81
$5 for unlocking tokens, $12 for token sell. $17 you could buy 8 days of food with it here, horseshit fees.
its really insane mate, but we could not do nothing with this gas fee. every trader set their gas fee higher to make sure transaction confirmed soon. maybe only network improvement could solved this and ethereum 2.0 be solution.
waiting for ethereum 2.0 is too long and it is better in my opinion to use another dex that offers a cheaper fee than uniswap, it's just that the volume is usually not as good as uniswap but that is the most efficient way, and also if you have limited capital, trading on cex exchange saves more fees even though the choice tokens on cex exchange are not much like uniswap but I think they are very adequate.
sr. member
Activity: 882
Merit: 250
September 15, 2020, 04:25:49 AM
#80
$5 for unlocking tokens, $12 for token sell. $17 you could buy 8 days of food with it here, horseshit fees.
its really insane mate, but we could not do nothing with this gas fee. every trader set their gas fee higher to make sure transaction confirmed soon. maybe only network improvement could solved this and ethereum 2.0 be solution.
legendary
Activity: 1862
Merit: 1327
September 15, 2020, 03:44:38 AM
#79
did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...

Yes I used uniswap for fast trading or for some token not listed on knowed exchanges. I like it because it's fast, the gas are a bit expensive but you pay also the simplicity of the platform. I used the first time it with coronacoin
hero member
Activity: 812
Merit: 512
September 15, 2020, 12:14:15 AM
#78
Yeah, I have done some trading on it, the thing is the different gap price between buying and selling is too much, also Some times the gas fee gets too much, It is full of robots and you probably can't buy any ico at the ICO price on it, for example, $Frontier wallet has an ICO on Uniswao about 0.08$ on the opening price but I bet it goes to 30c in first SEcs because of the bots , I really would rather IEO or ICO with lottery , Like Oin.finance ICO , it was neat.
hero member
Activity: 2520
Merit: 952
September 14, 2020, 11:59:12 PM
#77
$5 for unlocking tokens, $12 for token sell. $17 you could buy 8 days of food with it here, horseshit fees.
member
Activity: 518
Merit: 11
September 14, 2020, 10:02:22 PM
#76
Based on what I read on the community feedback, in terms of Fee according to them are really insane. Well, if that's the case for the investors it is not good for sure. I noticed too that some of the coins to this platform are mostly hyped. So, rather than to use this I preferred other exchange that is on top in the market.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
September 14, 2020, 06:44:03 PM
#75
Currently the issue of high gas fee is becoming unbearable, I neglect trading on uniswap for the past few weeks due to the high gas fee, I hope ethereum network finds solution to this issue of high gas fee as soon as possible.

I don't think we are seeing immediate resolution of this problem. Maybe once the defi hype slows down, the fees will be reasonable again. But right now, take it or leave it scenario here.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
September 14, 2020, 06:42:49 PM
#74
Currently the issue of high gas fee is becoming unbearable, I neglect trading on uniswap for the past few weeks due to the high gas fee, I hope ethereum network finds solution to this issue of high gas fee as soon as possible.
When we use Uniswap, this is the problem, the transaction costs are very high, making the capital money we have to be very much, but when using Uniswap we can also get a lot of profit, so in my opinion this is very balanced with the results obtained. but it would be great if the transaction costs were low the more people would use them.
member
Activity: 687
Merit: 11
September 14, 2020, 06:24:41 PM
#73
Currently the issue of high gas fee is becoming unbearable, I neglect trading on uniswap for the past few weeks due to the high gas fee, I hope ethereum network finds solution to this issue of high gas fee as soon as possible.
full member
Activity: 714
Merit: 101
September 13, 2020, 03:07:29 PM
#72
If you are ready to do more gas fees than your altcoin value then give it a try, the many altcoins the whales pump on the exchange in a day, if you can be the lucky one riding the same train why not.

If you are not satisfied with the network commissions when trading ERC20 tokens, you can trade other coins. You can also trade on centralized exchanges where you don't have to pay transaction fees.
full member
Activity: 418
Merit: 100
24/7 COMMUNITY MANAGER 💯
September 12, 2020, 01:55:35 AM
#71
This is an exchange for projects that has no future plans get listed and catch out 100s of ETH, it is the major cause of what is causing the ETH price crash, people are catching out from UniSwap and dumping in the market
I am curious what is the reason you say Uniswap for projects that have no future?
if in case many projects fail there, it is not Uniswap's fault, but because the project team is not serious about developing the project,
Uniswap was founded to make it easier for crypto users to trading there, and also to popularize cryptocurrency about Decentralization, because most people only know about CEX and don't know about DEX.

I agree! If the other projects failed there it is not about the uniswap, it's the project team's fault. Yes uniswap fees is insane and a lot of shitcoins listed there but you can't say that uniswap has no future.
hero member
Activity: 1036
Merit: 520
September 11, 2020, 11:37:58 PM
#70
I have done a few trades on it , I remember I had to buy BZRX in the first day of listing there because i couldn't find it anywhere else , but the gas fee was a lot especially for swapping!
I paid around 37$ for the gas fee but hopefully, BZRX made it up for me , It was 20 cents back then .
legendary
Activity: 1862
Merit: 1015
September 11, 2020, 11:23:27 PM
#69
This is an exchange for projects that has no future plans get listed and catch out 100s of ETH, it is the major cause of what is causing the ETH price crash, people are catching out from UniSwap and dumping in the market
I am curious what is the reason you say Uniswap for projects that have no future?
if in case many projects fail there, it is not Uniswap's fault, but because the project team is not serious about developing the project,
Uniswap was founded to make it easier for crypto users to trading there, and also to popularize cryptocurrency about Decentralization, because most people only know about CEX and don't know about DEX.
jr. member
Activity: 34
Merit: 2
September 11, 2020, 09:41:04 PM
#68
did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
from my personal experience fees are always around $10-$20 when it comes to ETH - $any_token pair, so it makes more sense to order as much as you can so its more profitable
full member
Activity: 1316
Merit: 104
CitizenFinance.io
September 11, 2020, 06:59:38 PM
#67
This is an exchange for projects that has no future plans get listed and catch out 100s of ETH, it is the major cause of what is causing the ETH price crash, people are catching out from UniSwap and dumping in the market
full member
Activity: 714
Merit: 101
September 11, 2020, 06:43:03 PM
#66
did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...

I tried trading on this exchange. I didn't like it. There is a floating price that is constantly changing. To buy at the price you need, you need to set a large Commission so that the transaction is processed instantly. The Commission is certainly not 100 dollars, but it can reach 10-20 dollars.
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