Topic: Uniswap - page 6. (Read 1402 times)
Yes, it was not a good experience due to ridiculously high transaction fees. Will never try to test the Uniswap even if the gas fees per token transaction goes down. I shouldn't be supposed to pay $8 per transaction on DEXs, normal standard exchanges will do a jog too. Around $3 fee is required for sending a small ETH and ERC-20 altcoin transaction, compare the stated numbers and find the statistical edge between different years.
Uniswap has made trading to become more easy and simple without the stress of passing KYC.
The $30 charge of ETH for each transaction is not encouraging cos it has hinder for so many transaction for the past some days now.
Only for this few days, the money ethereum has made from the high cos of ETH charges, is way more bigger than 2017 bull season of ethereum combined
The $30 charge of ETH for each transaction is not encouraging cos it has hinder for so many transaction for the past some days now.
Only for this few days, the money ethereum has made from the high cos of ETH charges, is way more bigger than 2017 bull season of ethereum combined
If you have a desire to tickle your nerves, then you can work with Uniswap. High gas commissions, the ability to purchase fraudulent tokens, and the illusory hope of getting rich quick, you will get the full adrenaline rush.
The fees are very expensive at this time, if you want to trade there you have to have a large capital. For now even small transactions have to pay a minimum of $ 4 in fees
Does uniswap have option to manually set fees ? I havent used uniswap yet. To me it looks like another forkdelta, where you can trade tokens added by yourself (means you can trade anything). How long does it takes for tokens to get to uniswap and be ready to trade?
I have some tokens that I'm ready to trade on uniswap. Even $4 fee does not frighten me as long as my transaction will not be lost and be quick (dont want to wait hours for a trade, that might end with "order is no longer available")
did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
Yes and as much as I wanted to do trading I cant force myself to do much trading cause the gas fee is insanely high. I would stop trading for while cause the market seems to be really a messed up. I wont be spending so much for gas. So instead using dex for while Im gonna trade on cex since the fee on uniswap can even eat my funds. im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
You are right, decentralized exchanges is good, but gas fee is so unfriendly that even small transactions can use higher gas that is beyond estimation. If this can be more cheap in the future I think many traders will use it. Sometimes there were times when I wanted to sell my tokens but because the gas was so crazy I finally gave up.
Yes, the average constraint on token sales is the gas costs when making sales transactions, because if the gas costs for that transaction can be cheap on average on all exchanges, then all exchanges will always be used by everyone, whether decentralized exchanges or not. , it's just that this is always different on each exchange. 
This gas craze going on with decentralized exchanges are crazy, this is why I still prefer to trade on tier 1 centralized exchange. FOMOS and hype will be gone soon, I just hope this gas fees being charged by dex will be lessen its a big turn off.
You are right, decentralized exchanges is good, but gas fee is so unfriendly that even small transactions can use higher gas that is beyond estimation. If this can be more cheap in the future I think many traders will use it. Sometimes there were times when I wanted to sell my tokens but because the gas was so crazy I finally gave up.Looks like all the bidding’s gonna be on Uniswap soon. Trading volume on this exchange sets one record after another and nowadays exceeds than one for Coinbase not to mention the other exchanges. But I think it’s just a "market foam" that will disappear in a year or two at the most.
The fees are very expensive at this time, if you want to trade there you have to have a large capital. For now even small transactions have to pay a minimum of $ 4 in fees
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The fee is quite hefty and definitely above average, for those who waits for the gas to decrease that's gonna be far away when uniswap doesnt come out on top of ETH25 leaderboard at ethgasstation as that means they are the one that causing ruckus and flooding with transaction in the whole eth platform. Just bear with it until we ethereum could do something to increase the scalability and capability of its blockchain network.
I did a trade on uniswap and how much you will pay for the fees is not depending on the how much you will send but that depends on the network traffic. It says when you are sending $100 and then you must input the same fees like others to be able to make your tx gets delivered in a few minutes and the current fees is around $35 for each transaction in the network.
It looks like the down trend has already started since yesterday.
It looks like the down trend has already started since yesterday.
I have used Uniswap once and it was my first experience, a little surprised because the gas needed is quite much, especially recently eth gas is very out of place. I can't calculate how much you will need but at least not too little. BTW Uniswap is very good.
It will always need more than a few dollars to do a single tx to the uniswap. Uniswap is not a suitable place for the little shrimp as the the high fees will be worthed for the big transaction only. The defi traders are also rushing everything that related to the defi or finance token. uniswap madness is still happening.
did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
I don't like to trade on uniswap at the moment because of the high fees. I try to find alternative exchanges with low fees to trade high potential tokens which are listed on uniswap. But right before this alt-defi season going on, it's hassle free to trade on uniswap. Ethereum really must rush their PoS migration, otherwise many projects will migrate to other blockchains with better network speed and fees.
It would be insane trying to trade in uniwap and other decentralized exchange. A majority, if not all the profit would be spent on transaction fee, because gas fee is ridiculously high these days. I've decided to leave my trades in dex and resume when the gas fee becomes more economical. It feels really bad having to spend so much on gas when the profits on trades are not substantial.
Uniswap discussion
https://bitcointalksearch.org/topic/uniswap-discussion-5268409
(GUIDE) How to trade on uniswap correctly
https://bitcointalksearch.org/topic/guide-how-to-trade-on-uniswap-correctly-5270415
you are right, there is no point in making deals for 100-200 dollars on uniswap, because the commission can be 10-20% of the amount.
But on uniswap new coins appear first, it may be worth spending $ 20 on commission and get a big profit when the price of a new coin rises
It would be insane trying to trade in uniwap and other decentralized exchange. A majority, if not all the profit would be spent on transaction fee, because gas fee is ridiculously high these days. I've decided to leave my trades in dex and resume when the gas fee becomes more economical. It feels really bad having to spend so much on gas when the profits on trades are not substantial.
I was trying to swap another token, but when I see the fees then i rejected the transaction the fees was $7 for little tokens amount, I suggest if you want to do trading on Uniswap, then you should try to buy the token at low prices and sold out 2x or 3 x profit, it will be costly, and you will be charged from $5 to $7 fees due to high Etherum network fee
Ethereum network is killing traders vibes and making swapping becomes something for big whales. I can't imagine moving a 15USDT that cost $10 gas fee, those fee are insane compare to Btc and other blockchain network.This should be a stepping stone for other projects that has always wanted to compete with ETH and take over the lead.
Yeah, it's pointless for me now. I can't sell $10 worth something without paying $20 in fees. I need to wait for the gas prices to calm down a lot before i even take a look at that again.
If this trend will still continue and there was no reason to sell your coin on uniswap. The tx fees will still remain the same if the traffic on uniswap is not get getting down. I was also watching how big the fees to trade on uniswap and that makes it not worth to be used by the small traders. did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
I've tried to trade there couple times and its works just fine.im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
fees are pretty big, thats true, about $18-$28 for a transaction which is obviously insane amount but profits can be ridiculous as well
Uniswap is a gift to all the projects as well as traders . Although the price of transactions are high due to high gas price it is a welcome addition to crypto traders especially those who prefer decentralized exchanges.
Uniswap is only suitable for rich people and deals with large amounts of money. It is not suitable for small traders because transaction fees are too high, if you do not want to lose a lot of costs then the transaction will be delayed and slippage leads to transaction failure. Or if a trader is certain that what he buys will increase in value multiple times over the time he desires, it is worth bearing the high costs because he will be rich.
Before trading you should consider the fees and you should think if it is worth it.
If you would trade with only a small capital then all the profit and even your capital would be eaten by the fees then you would only lose it is better to hold than to trade with an exchange with a high fees.
If you would trade with only a small capital then all the profit and even your capital would be eaten by the fees then you would only lose it is better to hold than to trade with an exchange with a high fees.
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