Uniswap offering is different from CEFI and those people using it understand the price they need to pay, but I believe with better scaling means the transaction fee would come down. There are reasons the volume is going up, today the trading volume surpass that of CoinBase today and I expect it to keep eating deep into CEFI volume
If I'm not wrong, I can't see that the "Unisawp" decentralized exchange volume isn't higher than Coinbase pro exchange. Now is the biggest advantage of centralized exchange. Some projects are moving to another blockchain for high transaction cost. It is impossible to trade in decentralized exchange but we can trade with fast TPS on centralized exchange. 
Topic: Uniswap - page 7. (Read 1402 times)
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...
The cost of Gas today actually reached 240 Gwei, and this is really a very large number, especially for Sunday, but you exaggerate the size of the Commission of 100 dollars.
Now the cost of Gas has fallen to ~100 Gwei you can see it here: https://ethgasstation.info/
And a leader in the transaction really was Uniswap:
Man I really got frustrated just earlier coz I paid $6 for my transaction that arrived for about 30 mins, like what is happening to ethereum network. What's bothering is that I only got a small size transaction happens to be transferring just $3, I need it instantly so I chose ethereum little did I know that it would costs me more than using bitcoin for time and money. Now if you gonna tell me why I don't wanna trade in uniswap this is why.
If this is the case then Uniswap or DeFi should be looking at scaling right now because everyone will suffer if the price of gas fees are continue to increase in the next couple of months. I don't know how viable it is, but this is the only solution otherwise we will hear a lot of complains and there will be a time that this problem are going to be out of control.
I really fear trading on uni swap, not because of anything, but more because of the gas fee and slippage you need to increase before you can get your transactions through, most especially at this time of congestion in Ethereum network.
I also tried to buy some shitcoins from uniswap and catch some profit. But I don't think it's worth for the person like me who have really small amount in hand to do some trade. The fee is highly insane. Yesterdays I tried to buy a token of 0.5eth, The gwei was 145. It almost took 7$ of my wallet as fee. That means I am already on 7$ loss. So, I don't think it is worth for me I would rather go to binance and try some day trading.
Yeah, it's pointless for me now. I can't sell $10 worth something without paying $20 in fees. I need to wait for the gas prices to calm down a lot before i even take a look at that again.
did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
I just want to ask you, why you still want to try it or know about it if you already know of so many negative reviews, like you said the fees are insane, bunch of shitcoins etc. For me, I would stay away from any exchange if I didn't know about it and don't forget it's DEX, and ethereum fees are very high. Choosing Uniswap is a bad solution im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
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 just want to ask you, why you still want to try it or know about it if you already know of so many negative reviews, like you said the fees are insane, bunch of shitcoins etc. For me, I would stay away from any exchange if I didn't know about it and don't forget it's DEX, and ethereum fees are very high. Choosing Uniswap is a bad solutionim fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
as the usage of uniswap is getting popular these days owed to the DeFi hype, expect that the fees will be high. dont be tempted with the current hype as most of them are really crappy projects. if you will look at their foundation, check their whitepaper - and most of them have existing allegation as plagiarized whitepaper, no team members published, generic roadmap and so on...
so as a piece of advice, do your own due diligence before joining aboard to avoid loss of funds from these projects!
Uniswap offering is different from CEFI and those people using it understand the price they need to pay, but I believe with better scaling means the transaction fee would come down. There are reasons the volume is going up, today the trading volume surpass that of CoinBase today and I expect it to keep eating deep into CEFI volume
Fees are insane due to crazy gas fees of the ETH network. I frequently trade on uniswap exchange and paid as high as $40 and as low as $3 as a transaction fee. I avoid trading a small amount on uniswap when ETH is clogged.
did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
First of all be careful how you fomo into shitcoins on uniswap, there is no stop loss function. Also do not use coin ticker to buy a coin, it might be a wrong coin entirely, always use smart contract address. For fees, eth network is congested due to the DEFI hype and other factors, I spent 18$ today as fees on a 450$ swap on uniswap today. Always watch your slippage tolerance, do not use too high slippage. im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
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...
Uniswap is currently being talked about a lot, because many new DEFI projects are listed there and the increase is very high, im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...
but indeed the cost is very expensive, making me reluctant to use it.
those 3 are on my aim list and they will probably go far, but the dam fees...
https://coinmarketcap.com/currencies/yflink/
https://coinmarketcap.com/currencies/yffi-finance/markets/
https://coinmarketcap.com/currencies/yfiexchange-finance/markets/
https://coinmarketcap.com/currencies/yflink/
https://coinmarketcap.com/currencies/yffi-finance/markets/
https://coinmarketcap.com/currencies/yfiexchange-finance/markets/
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
Despite the high fees we are seeing lots of traders going there on uniswap. Catching profits before the dumps for shitcoin would be good but this is if you can do it the first. Also make sure of the contract address of that shitcoin, there are fake ones.
The defi seem to have offer rooms for arbitrage trading through the flash loans and going to uniswap and back to the lending platform which many have been trying. Very risky but must be worth because the prices and trading fees are ignored because of the price difference.
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Yes gas costs on uniswap are insane.
Most of those new Defi projects launch on Uniswap first and as a normal user you have almost zero chance to get one of those tokens for the listing price.
Big whales are already waiting with their bots and 2000+ gas settings to get all the cheap tokens 1 sec after the uniswap pool is created. Pretty crazy and unfair, but that's how it works.
Most of those new Defi projects launch on Uniswap first and as a normal user you have almost zero chance to get one of those tokens for the listing price.
Big whales are already waiting with their bots and 2000+ gas settings to get all the cheap tokens 1 sec after the uniswap pool is created. Pretty crazy and unfair, but that's how it works.
I have not tried trading at Uniswap. But if what you've heard is that the fees there are insanely high, then I recommend you not to trade there.
A couple of little pieces of advice here:
First, don't get FOMOed, especially over shitcoins. You are more prone to get scammed if that is your attitude.
Second, please be very careful about coins being traded in Uniswap. There are so many fake tokens there. With your attitude of chasing small profits from shitcoins, you might end up buying a scam token.
Do some research. News are everywhere about Uniswap being swarmed with fake tokens.
Take time to read these:
https://cryptobriefing.com/defi-exchange-uniswap-is-being-swarmed-scam-tokens/
https://cointelegraph.com/news/fake-tokens-on-uniswap-are-trying-to-cash-in-on-defi-hype
https://www.investing.com/news/cryptocurrency-news/fake-tokens-continue-to-plague-uniswap-2270356
A couple of little pieces of advice here:
First, don't get FOMOed, especially over shitcoins. You are more prone to get scammed if that is your attitude.
Second, please be very careful about coins being traded in Uniswap. There are so many fake tokens there. With your attitude of chasing small profits from shitcoins, you might end up buying a scam token.
Do some research. News are everywhere about Uniswap being swarmed with fake tokens.
Take time to read these:
https://cryptobriefing.com/defi-exchange-uniswap-is-being-swarmed-scam-tokens/
https://cointelegraph.com/news/fake-tokens-on-uniswap-are-trying-to-cash-in-on-defi-hype
https://www.investing.com/news/cryptocurrency-news/fake-tokens-continue-to-plague-uniswap-2270356
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.
on uniswap hype on fire now, each new project asked they will listing in uniswap or not.eventhough transaction gas very high , traders dont care about it. if each trade need gas around $10 so we will charge $20 for each buy and sell. trading on centralized exchanges will not required high fee like uniswap but there is no hype there. 
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well if it's like this and when the project can't be opened and has access problems, it ends up making a lot of people lose money and that will definitely make the cryptocurrency name worse again, so therefore you should be careful when you want to enter a project like this, do not let you lose. Jump to: