Bitcoin Forum

My wish might not be acceptable but i hope some people will understand that Ethereum is getting frustrating on a daily. i have lost over 200usd on fees within this month. yes the bull market is here but people are not aware of the huge amount of money been lost while trading on Uniswap and other dex platform. honestly, it hurts daily. i have decided to move 80% of my investment to other blockchain platform like BSC, tron and Terra. thiis might be helpful.

How is it possible to happen? If you are using uniswap for daily trade when the bullrun has come and then it's your choice dude. Ethereum will never leave from the fees problem until sharding will be fully implemented. there's no also exact date about when the sharding solution will come for sure.
Why don't you just cex? it will save you $200

You do not have to trade on Uniswap or other dex platforms, and I think you need to know what is the risk in the trade. Maybe you need to think again to trade if you do not have enough skills in trading. Before we trading,  we need to learn the basics of trading and we know how to anticipate or minimize the risk. In this bullish, I think many of us are making a profit, and even if you can not make a profit now, you still have a chance to make a profit in the future. So do not give up and trying to learn more.

It's your problem if you can't use centralized exchange for trading, must you use DEX? transaction fees on CEX are way cheaper than DEX, you can even use other coins to cash out on CEX is assuming Ethereum gas fee skyrocket, I only use DEX for tokens that aren't available any where else

$200 for fees is quite high I think. How many USD had you traded? The fees had you spent on mistakes? During trade on the DEX, you have to be more careful specially choose the right token (correct contract address) and regarding transaction fee. Otherwise, you have to move into CEX. Also, there are many scams happening on the Uniswap, so make sure you aren't falling to scam trap as well by wrong contract address. I am wondering how you can make a profit if you had to spend such as high trading/transaction fees.

fatal mistake of daily trading d uniswap. this should be avoided, and in no way a viable alternative. You got into trouble. I experienced your feelings, but considering the extremely unaffordable fees, I decided to hold on to it and trade on CEX.

If it didn't work out with one exchange, why keep losing your money? there are also many options for other crypto platforms. Analyze what is available today and make an alternative choice. i'm sorry that people lose money, but it means that they make some mistakes.

some traders didnt calculate correctly for their trading fee . in DEX market its really be trouble for traders, they take alot fee for swapping tokens, and the funny things is there are much traders still use it. trading in uniswap we got double fee, for approved transaction and buy/sell. better to use CEX that not required personal identity to withdraw, they take lower fee if compared with uniswap.

The frequent daily transactions in the crypto market will make your own transaction costs very high. Our crypto market has a very famous word HODE, which makes our long-term experience suitable for most new entrants. Of course, if you are a trader, then I won't say much. Maybe you have experience in this aspect of the stock market.

Do not settle on uniswap or any dex that eat lots of gas fees, you can try centralized exchange and with that it will surely save your gas fees and it will not bother that amount of losses just paying the high fees. It is troublesome because of these gas issues and hopefully the version 2 will give us relaxing time without worrying those damn high fees while trading.

If I may ask, the tokens you are trading on Uniswap, is the token only listed there? And what's the potential of the token or tokens that you are spending such amount on fees alone? I am just trying to understand why you would want to limit your trading to Uniswap while there are other better exchanges with good volume and lower trading fees as well as withdrawal fees. Therefore, presumption is, spending such amount on fees was your personal decision and do not look profitable as well, hence it would be better you check other exchanges so as to maximize your profits. Lastly, Ethereum blockchain has come to stay and from the look of things, more people will keep joining up because of the value and potential within it.

As far as I know, it is really true that the gas fee transaction charge for ETH is too high, but I never think it come up into 200$ if I am not mistaken with your statement. Or if ever you've charge by that amount, how much Ethereum did you withdraw, for sure it is big right?
The platform won't charge you a big amount if you only withdraw a small amount of it.

OP may have tried to invest in hyped DeFi or ICO crowdsale or may be Uniswap arbitrage. ethgasstation.info (https://ethgasstation.info/) is something you will need to check before executing transactions on ETH blockchain.

it is your fault because trading on a DEX exchange, which clearly costs much more than the CEX exchange, to be honest I trade on DEX only with certain tokens, because it is impossible for all tokens to only exist on DEX, of course, still on other exchanges

I wish to have 1 million usd in the year 2021 and good health to my family and peace in the whole wide world. :P (https://twitter.com/i/events/1340657159021858817)

he was a regular trader on uniswap and he can't avoid such fees when he wanna try to trade on uniswap. Ethgasstation will not help a lot in this case consider the daily traders on uniswap must have agreed with it. Uniswap pegged with ethereum blockchain and the high fees can't be avoided when someone wanna trade on the uniswap when the fees are so high.

You are right. We are very upset about Ethereum high transaction fees. Uniswap is deducting about 4.5-5 usd as a fee for each transaction. We thought Ethereum's new technology ETH 2.0 would actually solve this problem. But it has not been solved yet. So I think now is the time to move on to another blockchain.

I think I have a different thought about the issue of eth high transaction fee. And if I'm to make a which right now, I will say it should be reduced to as low as $0.50. That's a better deal. I wish this wish could be granted right now. Because what this has caused me alone this year is something big. I'm talking about something more than $200 dollars. If there is what can be done to this ETH blockchain technology to reduce the fee, I personally will be very glad. Thanks

my wish thatethereum will also perform like bittcoin in future .and when it will happen i wll be  the most successfull person.

When dealing up with DEX then i can say that fees is somewhat different but if you do feel the pain then you can always make use of CEX instead and try to tell the difference
when it comes to fee savings..Its your choice to make use of Uniswap and other dex platform even the fees arent really that much off difference but hey every centavo or dollar counts.
Also, you can always switch up on other alts which do have almost free when it comes to its fee and with some almost instant confirmation.
No one would force you out on which one you would engage on and if you do find out that fee sucks then there are various ways for you to switch.

The eth transaction fee is not that high anymore especially for open transactions but yes for trading on uniswap it becomes expensive because of multiple internal transactions that include platform fee, comission and also liquidity mining charges plus eth transaction charges so if you are still concerned about high fee it is better to trade at centralized exchanges.

It doesn't matter how much you pay for transaction fee and trading fees as long as you are making money, in a bull market people make money and I don't think anyone is ever tired of making money, ever. Just play along and you will be fine.

How are you trading on uniswap? That's not trading it's swapping, what's wrong with binance exchange or other top exchanges? They have the cheapest trading fee, why aren't you using such exchanges instead?

Ether gas is enormous mostly because of DeFi staking. Currently trading on DEXs in unprofitable.

But I want other stuff, my wish is unrealistic, still:

I wish governments to leave us alone, without chasing us for taxation nor regulations. They to watch and print fiat, us to watch and mine crypto. That simple.

If your trading capital is 100-1000 dollars, then projects like uniswap are not for you.
For example, I trade through uniswap at 5-10 ETHs at a time, and with a trade amount of $ 3000-6000, the commission of $ 10-15 does not seem large, because the minimum profit from the transaction is much higher.
I sometimes pay large commissions, but I understand that I pay them for my peace of mind, because no one can block my transaction or demand explanations from me.
I mainly trade in a pair of ETH-DAI

The year is already coming to an end, my plans were all fulfilled and I'm greatful for all, it wasn't easy since the spread of covid-19. The lost jobs the economical downturn and brouhaha, human losses and trauma. The challenges were endless but we survived.
As the year comes to an an end with just 10 days to go, I hope bitcoin don't make crash like that of 2017,it will be a joke on entire cryptocurrency if such collapse should repeat it self. As OP already stated, I wish we find an everlasting solution to Ethereum network, enough of all the huge fee on a small transaction.

There are really frustrating events to be encountered while dealing with the crypto market and that is normal just like experiencing high transaction fees which can still be manageable on choosing the right exchange which suits for your preference. If it doesn't work out dealing or working with an exchange you are currently with, better seek another one instead of keeping yourself into the same platform knowing that you are more on expending rather than earning. It will be fatal for you to be on that situation so you must make a brief observation and urgently make a move to resolve the problem instead of just watching your funds run out.

Transaction costs are quite high on Dex. When making a transaction, you should take into account both your profit rate and the amount of your fee. Otherwise, you may lose money with the fee you will give. But you don't necessarily have to use dex exchanges. You can get profit by trading on other exchanges.

Ethereum fees are high but the best coins to trade are mostly on Ethereum Blockchain. Moving 80% of your coin to other Blockchain will probably make. You not to be able to trade as much as you wish.

https://i.ibb.co/YdtM8kD/image.jpg (https://ibb.co/Ks9k7qN)
Here's everything you need to know about centralized exchanges. The exchange is under maintenance and deposit, withdrawal and trading are disabled.
I wanted to withdraw the balances from binance, but I can't do it yet.
Russians have a saying: "Everything is expensive until you understand what you are paying for."
Think about it, blockchain has no maintenance and no withdrawal locks.

So you’re making use of Uniswap? I don’t make use of the Uniswap but from what I know the fees for trading on Uniswap is 0.3%. if you’re not okay with the fees they are charging then you should look out for other exchanges, you can even go for centralized exchanges if you can find any one that charges lessers.

I have even seen DEX’s that are charging 0.00% fees but I don’t know how good these exchanges are because I have not used them before. But as for centralized exchanges, you can check out Binancethey are charging 0.1% for both taker and maker, and then Coinbase Pro is different, it’s 0% for the maker and 0.3% for the taker.