Bitcoin Forum

ethereum wants to charge me 0.05 Ethere tx fee for a transaction and this is the cheapest possible option

what the hell is going on? this is 37.5 USD

sorry that there is no translation

Günstiger is german it means cheaper,

Schneller means Faster

https://i.imgur.com/avt44Bk.jpg


regards

Whether you set up too expensive service fee, such poundage is obviously too expensive. Is the gas value unreasonable? ???

it is,

what i am supposed to do with such a high fee and interexchange transfers are even cheaper something i am doing wrong

maybe its because i still didnt updated this wallet

regards

I haven't yet made any transactions through Ethereum so I think it depends on the amount you're about to send? I was planning to send some coins into Etherdelta but it says it will require only 0.002 for gas. Did I miss something else?

i have no idea what i am doing wrong

i want to get rid of this ethereum kryptokittis, and other hackers are breaking this network,

waves is always 0.001 and always fast also between exchanges, much better than this garbage

I think its the wallet that you are using that gives you give gas fee. Haven't made transactions lately but its never that high even when transacting more than 1 eth.

jes this is also for me unusual i also dont have even for ethereum such a high tx,

i have now updated the wallet and its still 0.05 ether this ethereum shit is broken i mean this is the wallet from the website ethereum.org

regards

I checked ethergasstation and the gas price is just 8 Gwei that translates to 0.00017 tx fee. Your fee is way off.

Maybe you can open your address in MEW so you can control the gas that you use.

MEW no idea what that is,

if this is what ethereum is going to become i am reconsidering its value,

because you cant simply pay constructionworkers with this, when they have to be hobby computer hacker to be able to use this cryptocurrency

Are you serious, that is ridiculous, I know the transaction fee on Ethereum has done up but not to that level, you can make use of other wallet which charge less transaction fee, I think something need to be done about these transaction fees generally

Wow the ethereum tx fees are as expensive as bitcoin now.

I guess his serious about it and I find it unusual mate. MEW charging that seems legit but that's truly high and that's why we are using alternative method to send funds to avoid higher fees.

---

Did you paid that much or you just cancelled it?

---

It's not a bug and if that's the fee MEW is suggesting then you just have to try it some other time again.

---

It's the same with bitcoin for it's miners fee, you are getting it wrong mate.

And sometimes slower.. which is pretty damn bad considering the ETH ICO scam coin shills use to flood this place with comments about how it scales so much better and is cheaper to move etc.

Goes to show you how full of shit ICO/Scam supporters are here.  :D

ETH = Scam (2014 Spoetnik)

i never been in that situation before. it kinda weird to see ethereum charge a very high fees. is there something has been happen. or it might only you have this problem? in etherdelta i use only 4gwei for any transaction. cause i never care to has slow trade rather then losing to gas a lot.

I have never seen a standard Ethereum charge reach that high without somebody making a mistake with their transaction settings. You should always check somewhere like ethgasstation before you plan to send to get the most economical GWEI figure.

You should check on Etherscan.io about txfees every transaction. I sent ETH by using 0,00001 fees  ;D ;D

It is an ethereum wallet that is only browser based. Check myetherwallet.com , if you have a private key, you can open your wallet in there. I use it and I set lower gas to have lower fees.

WOW, what the fuck? 0,05 eth for a single transaction? that is more than the eth that i have holding on my wallet, are you serious? a few weeks ago i sent a transaction and it costed me only $1 of fees.
This is insane

That will be the best thing to do to have lower fees. But the transaction will take too long to take effect so just expect a pending transaction for a few days.
Maybe next year there will be a fork to ETH.  ;D

On the one hand, you can set the gas and gas limit before your transfer, on the other hand, you should avoid to transfer when the Ethernet is very crowded. I have also spent a lot of transfer fees, so I went to find some articles to learn, so you can. In general, the tx fee of Eth is stil cheaper than Bitcoin

Last time i ent ETH was from my jaxx wallet to an exchange, fee was around 0.000044 if i remember it correctly, it was before crypto kitties madness

I do think it is due to the wallet you are using. Many wallets are already taking high transaction fees because they know how in demand trading is right now. It is very unreasonable for you to pay about 38$ for a transaction. Most transaction fees only values not higher than 10$

jes its cheaper than bitcoin, but the system should be easy to use, or consumers and workers will dush bin/trash it.

others dont have time to be computer hacker freaks like buterin

regards

Waves have always been cheap but we cannot really compare for now since it is still on a low scale usage and Ethereum problem started since the introduction of the cryptokittens on the Ethereum blockchain and I wonder if the devs are really trying to find something to do to scale up.

Nevertheless, that is pretty huge and no matter what, 0.05ETH for a transaction fee, your wallet may be the one to be questioned in this case.

but what i am supposed to do i didnt made this wallet myself i download it on www.ethereum.org

regards

Always check https://ethgasstation.info/ for the appropriate gwei to use.
Gwei is the determinant for the price of transaction.
You can set gas to 200,000 if it's a smart contract/token, unused gas gets returned anyway.

I've seen tx that use as little as $0.001 usd and as high as $70,000 for 1 transaction.

that is crazily high, but I still did a transfer from MEW wallet yesterday and I was not charged up to that. In fact I was charged around 0.002ETH instead and my transaction did not take that long to get confirmed. 0.05ETH ? That is a whole lot. If you have your private keys, why not try making use of MEW instead as that at least should be able to solve your problem. The network should not be that congested to take such a huge one.

Even from here, https://ethgasstation.info, the gas price that you are supposed to pay is not as much as that and it does not even show much congestion in the network. Probably, there is something about the wallet that is wrong and you may need to use another one. I can imagine cheaper showing 0.05ETH, I then wonder what faster is going to be showing.

The charge if $0.05 on $37 is nothing. You are been charge just a little bit over 1% of the amount you are sending. Ethereum tx charges us still incredibly cheaper compare to bitcoin. So you should calm down and pay your fee.

Asking for high transaction fees is not good for business. People are using crypto currencies because of its low transaction fees this will make people to move to alternative cyprto currencies that will have low transaction fees.

I am trading on EtherDelta but I didn't face such problem. I pay .000178  to .0004265 ETH for withdraw ,deposit and trading.

I love for ETH's price to increase but this also hurt ETH as the fee or fuel become too expensive.

Useful website to check how much gas you should set for an ETH transaction:

https://ethgasstation.info/

Currently you can send a fast transaction with 4 gwei (0.059 $)

Why is that so? I do not mind my transaction fee is only about 1-2 $. Relative to 0.002 ETH. ETH gas is very cheap. It's not as expensive as Bitcoin

you need to read more carefully before you start posting random answers!

the OP is clearly saying he is charged 0.05 ETH and even in the picture it is crystal clear that the wallet is suggesting him 0.05 ETH as fee which is $37-$38 for transferring a 0.1571 ETH!

Any news here ?
I got the same issue.

Why is too high? Is that fee from exchange or etehrium network??
Because as i know i get charge 0.001 or 0.002 for sending etherium in myetherwallet. No more fee need to pay the gas.

I still remember the days on december i couldnt able to make any transaction of ethereum network congestion caused by cryptoKitties . But over the time the coin i held because i could able to convert to bitcoin . Now its grown and having better profit.

It depend on the amount of ethereum you want to send and you didn't not tell us the value of ethereum in case you are sending a large amount of eth it is possible to have such huge transaction fee.

I am opening this because I think this is still relevant today. I want to share to your my colleagues experience with his ether. He saw a coin that he wants to invest with and he has at least 50 dollars worth of ETH lying on his old HitBTC account. He did some research and saw that the coin he wants to invest in can only accept Metamask ETH addresses so that he can buy the said token. Unfortunately I cannot sell him ETH because of the fees. I told him to try and see if he can release the ETH from his HitBTC account. But he says he cannot do that as the fee is 0.0115 ETH and he only has slightly above that amount. Even Binance has 27 dollars worth of fees to withdraw ETH. That greatly discourages him from doing crypto but I told him there is nothing we can do at this point.

Do you have any pointers as to how he can at least buy cheap ETH and transfer it to his Metamask account?

Personally, I think it's not too important, just the game is still not ready for the masses and not everyone will accept such fees for their transactions. You can just wait until the gas is low or you will have to accept metrics for your transactions.

I am afraid you would say that. My only thought really is for him to think of other Ethereum like coins and maybe find the ones with very little fees. He really wants to find some cheap coins or tokens that he can invest in. Much the same as with Penny stocks, like spend 100 dollars worth and watch it magically grow to 1000 dollars in a few months. I told he needs to be patient with crypto and he says he is patient but I think ETH is off limits for the meantime unless he can find ways to buy ETH and directly transfer to the metamask account with small fees, but that is unlikely. Anyway, I think the only choice right now is find a different coin to invest with right now.

No one in the masses will accept to pay this high gas fees, transactions with Ethereum now are for the rich people alone, cause the average man in the society won't accept to pay $20+ just to carry out one transaction, the current eth isn't ready for everyone to use, maybe the ETH 2.0 will be okay, but who knows till then.

This problem already appeared last year but I think he already solved his problem. people can't just only wait for the gas price to go down because there's no ETA when this will be happening.
This garbage blockchain is so expensive as fuck.

I have been watching a project over the last few weeks that I find very interesting and wanted to invest in as soon as it was listed on uniswap. I planned to invest like 300 or 400 $. Well yesterday was the listing and with this high gas prices i would have to pay 100-150$ for that uniswap trade. That is absolutely ridiculous and i now have to wait until gas fees are going down again like they were in the last 2 weeks, i really thought that the days of extremely high gas fees would be over but that spike of ETH to over 4k$ created a lot of network traffic again i guess.

if the price of ETH gas continues to soar what will happen, surely everyone will move to cheaper gas prices, is there the best solution for ETH gas prices or we have to wait until the price of ETH gas drops for each of our transactions.

I really find it frustrating that the expensive gas price is what is driving small time investors away from ETH tokens especially those who are investing at startup tokens. I guess you are right, that we just have to find coins similar to ETH but with very low gas price. Bitcoin and Ethereum are now assets that only the rich can afford. Common folk are left to fend off with lesser known and cheap coins that has low profit and even low risk. Depressing is my colleague that he was not able to invest on a token he wants.

The last time I withdraw ETH from hitbtc is 1,2xx and the fee is about 0.009 eth. That is still not too high compared to the money that I will receive in the other wallet. I think the exchange will adjust their fee based on the network fee but for personal wallets, maybe the fee will be high than the exchanges. I hope the fee will reduce so we do not have to pay a high fee as before.

Its not ethereum going mad. It is miner who only willing to proceed the highest people who want to pay for highest transaction fees, this need to be stop. Ethereum now become institution only transaction and does not fit for retail transaction. Or else people will choose bsc again for retail transaction.

At least as far as Ethereum and Bitcoin are concerned, the high fee is here to stay. Both the coins don't have any mechanism to cope with an expanding user base and increase in the number of transactions. The miners usually give the excuse of Lightning Network for Bitcoin and ETH 2.0 for Ethereum, fully knowing that these are just excuses and don't really resolve the issue. Don't be surprised if the fee increases much higher in the near future. What we can do is to keep BTC and ETH reserved for high value transactions (>$1,000) and use coins such as ETC, BCH and LTC for smaller amounts.

Its getting worse to worst day by day.
Its very unusual for us to give that much fee.
Now days you have to pay 200$ fee for a simple 10$ shit coin investment.
Its really tough.
This fee Problem should be solved as soon as possible.

I do not hesitate to say that they are greedy when not understanding the basic knowledge to participate in investing in this market. Obviously, with a small amount of money, from anywhere should learn and allocate it properly, and this is also seen as a lesson for newcomers, not anything profitable will also find them profit.

How dare they invest if they don't have a basic knowledge,
which is certain in any case at least we have basic knowledge because it is important so that we do not do careless actions,
I think learning is mandatory and hopefully beginners will do that too

No one would be stupid enough to want to pay $20+ for just a simple transaction, have been unable to use Ethereum dex's all because I can't pay those crazy gas fees, lately I avoid token running on Ethereum blockchain, cause transferring them to another wallet is something else, i think people have already moved over to other blockchain with cheaper fees, the reigning blockchain now is Binance Smart Chain (BSC) which IMO is the new breeding ground for upcoming projects, since its faster and uses less fees ~$0.5 to perform a transaction.

Another proof that Ethereum blockchain is only for those who can afford it. It was proved even in 2017. 3.5 years has passed and devs havent fixed that or figured out how to decrease fees. Of course I'm overreacting, the reason fees are so expensive is that Ethereum is expensive. When the price of Ethereum was less than $200, no one would even bother paying 0.05 for a transaction.

What makes me sad, that such fees nearly kill small projects that use Ethereum blockchain. Small investors (like iTradeChips colleagues) simply cant buy anything right now, without loosing autonomous amount on fees.  All that they can do is to buy altcoins and become holders. But to me, holding = doing nothing. This neither helps to develop cryptocurrency in general, nor to bring any kind of innovations.

The high price of Ethereum is because many people are staking ETH 2.0 to welcome Ethereum even better, so they buy large quantities of Ether. We all understand that transacting at Uniswap for now has seriously disrupted our economy as Ethereum users, that means that instead of spending our energy and money on gambling now, we better invest more and stake Ethereum 2.0 which is more certain. bring big profits at launch.

You are right. Maybe that is why bitcoin and ethereum in the long-term investment do not have to send bitcoin and ethereum if we want to hold it and sell it for the highest price. Converting bitcoin and ethereum into other coins will be the solution, and I like to convert it into LTC because the fee is much comfortable for me. Or I will use the other coins, but still, LTC is my favorite coin to make a transaction.

There is a lots of activities on ethereum network  now.  I tried not to transact especially on Dex at this time until the fee is lower.  As ether rises in value,  the fee will rise as well!  Let's hope the future updates will fix this ridiculous fee on ethereum!

The lowest fee for erc20 transfer right now is 86$. Even though the thread is old, the problem still remains the same. Still, ETH is mooning, because the same fees will start burning once the update comes and the supply will get less compared to demand.

Sucks to be a small-time trader, imagine buying a $60 token on uniswap with a $150  transaction fee  >:(.  It is ok to whales that buy hundreds ETH worth of token but for small-time user, this outrageous fee makes it very hard for us.

Do you remember what were the fees 1-2 years ago? Lowest fee of 86 bucks is at Ethereum price of 4.3k. But if Ethereum would cost 300 bucks, fees wont be as expensive as they are now.

I think it will be correct to name Ethereum fees in ETH. I just check "last made transaction" on https://etherscan.io/ and it showed that transaction fees is 0.00667590003368 Ether for transferring 0.3 ETH. If we calculate it in ETH then this transaction cost only 2% of the amount sent. That is not that much.

If "86$" is a lot, then if Ethereum would cost 20k, this transaction would be almost 750$. I guess if Ethereum would really cost that much, people would cry paying that much for a transaction.

P.S. https://etherscan.io/ says that lowest fee right now is 328 gwei  $30.02 | ~ 10 mins:26 secs.

We all try to advise new entrants to learn before deciding what to do, but most of the people don't care about that, not even ourselves in the first place when we know this market. It takes money, time and effort to get the results you see now. Most of the results will be paid for by the above, and newcomers to another field will experience such things.