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I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

High Fee is now a big problem for low income investor. Of course no one can bear 20% fee.
I have some solution for you to avoid high fee.
First choose Binance P2P trading where you will get Usd or Btc without any fee. Then trade for BCH.
2nd one is tobuae FTX exchange. Send trc20 to Ftx and exchange this xoin with BCH. Ftx has no withdraw fee . you can withdraw btc,Eth,BCH without any fee to any wallet or exchange.

We have found many times that the average problem is the same, which is related to shipping costs which are very unfriendly for small traders. it is difficult for us to find this solution, unless the Dev and his team make concessions for this very expensive cost. but that is not possible, they are doing business and looking for profits not see small or large traders. they assume that their wallet will still be used. It is not realized that gradually, if one exchange at a low cost emerges, it will have a great consequence to abandon the old and switch to the new.

There is direct exchange supported wallets but I don't recommend the mentioned option due to the mentioned reasons. The high fees and extreme volatility will lead the user to lose more on the process, so better try the alternative choices. The best option is to use middle exchange websites that take a small fee for converting one crypto to another. Try bestchange and check the fees. Converting one altcoin to another should be easy if the fees are lower than current market required fees. The $18 fee per ETH token transaction is very high and ridiculous to pay for small amount token transfers.

I'm low volume trader and investor if you can call me that lol... What I do is use Binance if possible... If not i try to move my money with coins which are not eth20 and have low fees...

The hike in tx fee is challenging but I believe the fee is somehow low during the UTC mid night time and prevent some future further situation like this it better to use SegWit support wallet so you can join cheap fee.
Having said that, it hard to provide the platform for you to buy BCH directly from your balance without knowing the wallet provider you use.

The transaction shouldn't be a big problem for small cryptocurrencies if they can follow the mempool status or use the Bitcoin transaction price estimator to know the best to move their coin.

I just sold an eth worth 50$ yesterday and I pay $7 for the gas fees yes it is very espensive imagine that small money that you will not get in whole because of the fees, that the reason why people still waiting for eth 2.0 or they make another chain using binance smart chaiin to avoid this kind of high fees and congested network, this is normal to btc and eth but nobody wants to pay for a high fees, so what I am doing is converting it to xrp or trn for small fees and faster transaction maybe you may follow what I advice too but it's up to you if you want to endure this fees.

I haven't used blockchain wallet for years so I don't really have a "working" method that might help you. I think your best bet is to withdraw from blockchain to either Binance or FTX. Then when you've traded your BTC to BCH, You can proceed to send it back to your blockchain. While you would still be required to fees, I think it would be much more better compared to the $25 in fees that is currently being charged by blockchain as fees.

It feels like high fees are here to stay. Months have passed and everyone just complains only to go back and make tx with higher fees.

Just go to the exchanges like Binance. If you want to do that with your wallet that has an integrated exchange, you're really about to be eaten by the fees. Integrated exchanges on wallets have high fees because of the commission the wallet gets.

Send your BTC to Binance with at least or more than 10 sats/byte and use https://www.viabtc.com/tools/txaccelerator to accelerate it on xx:00 time.

I haven't experienced any transaction accelerator, and I only had the options to wait until network will be free from congestion. Don't be worried about the high transactions of btc or bch, it's still cheap than ethereum. If you wanted your transactions faster then setting a higher gas is the best strategy, but of course the cost is barely high and so painful to think once you don't have bigger profit on your trades.

Well, this perhaps goes the wrong idea. Ethereum also has a high fee and almost the same as bitcoin, both quite have the same busy network.
I may advise instead to use an exchange that has a very low fee when it comes to swapping coins. Perhaps Binance is the answer, but it if does not.
I rather accept the fact that nowadays, it is hard to transact a low amount because the fees will eat it all, I rather choose to stay on my wallet and wait for another alternative ways to lessen the fees.

Why don't you just try to offer your balance on the exchange section. i guess you will get your $35 BCH without any 3rd party fees.
Dude, the transaction fees of BCH is quite small and I think that it will be cost your less than 0.5 cents to withdraw your BCH from the exchange site.
There two ways for you to exchange your balance for BCH.

Transaction accelerator usually also demand some payment IMO that's what I experienced when using transaction accelerator that's kinda premium (no need to queue), however the free ones need you to get in queue and also compete with other to submit your txid.
You can set your fee to lower than standart fee but there's always risk of transaction not succesfull or the confirmation arrives a day later.
Maybe just find transaction accelerator that offers less limitation I guess.

Personally, I currently do not make transactions to send tokens out of wallets, or exchanges. I don't think I'm the only one doing this. many people complain about the high fees, some even think that this is a vital mistake. Well, currently the transaction is quite solid, so I thought about waiting for the fee to return to normal.

The result will be the same and why? you are using bitcoin cash and that has very small amount of fees. it's still nothing compared with ethereum.
When you are paying the actual fees and the total amount will be the same when you are psaying the small fees + tx accelerator.
You just need to pay a few cents only to make it will be delivered instantly. No need to use tx accelerator.

I agree with this. Fees in Bitcoin and Ethereum are right now at its peak.

Because of this, I really stopped doing some small transactions and rather wait for quite some time or at least hold it and I will do just one transaction instead of doing more than 1 so that I will spend lower in fees. I only withdraw in Bitcoin or Ethereum once a month only to minimize my fees. As much as possible, I don't want to transfer small amounts of money right now because fees will eat all of your money. 2 options, just make 1 transaction per month or use other coins to transfer if you really need it.

This is becoming normal when the prices are also mooning. This problem had been around for sometime already, small transactions are always going to be a problem with BTC and ETH. Nothing else we could do about it.

Can't you send your $35 to an exchange instead and since your amount isn't that big, you may just leave it on the exchange like Binance, they are trusted anyway.

Bitcoin and Bitcoin Cash are different. You can claim your Bitcoin Cash from your Bitcoin's private key. Unfortunately, it is not what you can do if you use exchange's custodial wallets.

Bitcoin Cash transaction has cheaper fee than Bitcoin transaction and I don't understand why you want to save transaction fee with Bitcoin Cash  and switch to Bitcoin transaction. It sounds unrealistic.

You can get average transaction fee of them
https://blockchair.com/bitcoin
https://blockchair.com/bitcoin-cash

If I understand you correctly, you have BTC and want to buy BCH, and the BTC is in your personal wallet, I don't think there is any way to go around it than paying the fees, and that alone is highly discouraging. Another thing is, if you try to customise the fee, that is, to bring it down a notch, you might end up having unconfirmed transactions which will take a lot of time and in most cases as well, transactions acceleration hardly works, thus you might end up waiting for days. Also, if you cannot afford to waste such on fees, you might want to hold for a while longer. To be frank, the high fees nowadays is pushing out small investors and the Ethereum blockchain seems to be leading and also, when people see coins they would want to buy, they might only end up losing interest because of fees.

Yeah the fee is expensive not because the fee needed higher than usual but because the price of bitcoin itself is sky rocketing (well maybe the fee needed also higher since traffic is high aswell).
Maybe just wait until the market becomes chill and the fee probably could decrease on its own but its gonna take probably weeks hopefully, transaction accelerator also worth to try if it's free.
Just be sure to choose the one with more nodes.

You can try sending your coins to an exchange with a lower fee and wait for hours/days for confirmation. Once it gets confirmed you can trade your bitcoins for BCH. Or maybe get some other coins that has very low transaction fee.
You can try using those transaction acceleration services (there are free tx acc. services, some people try to "sell" those. So be careful!), but I doubt that is going to work, but since it is going to cost you nothing, you can give it a go.

transaction fee is now a big problem with BTC and ETH chains, if you dont have the bitcoin on the exchange, you will still have to pay for bitcoin transfer fees, and then convert it to maybe usdt and trade it for bch after your deposit reflects on the exchange.

If you have a balance on the blockchain with a transaction fee of only $ 8, I think the amount is still very small when compared to transactions via the ERC-20 platform, because for now the average transaction gas fee is expensive, only the most expensive is on the ERC-20 platform, so the ones on the blockchain are still very good I think.

The gas fee now that we are in a bullish season is also having its bull run and it is hurting us low funding investors whose hoping to invest with a crypto that we desired. Well in this case I suggest that instead of directly investing for BCH, try to invest first to a low transaction fee cryptos such as xrp, doge or ltc these token are good crypto to invest with as well.

Unfortunately for smaller amounts the transaction fee is just too high. The crypto prices increased a lot over the last few months and so did the fees. One way would be to set a lower fee for your transaction, but then it might be taking a long time for your transaction to be processed. At the current price levels I would recommend just to do large transactions with BCH. It might be cheaper to just a FIAT transaction instead.

Nowadays the rate of high gas fees is alarming, a small income trader or small investors are unable to invest due to the high transaction fees needed to carry out any transaction, and sorry It's been a while since I used blockchain wallet, so I can't  recommend any method for now, but I would advice if there's anyway you can move that funds to binance or kucoin I think you can easily change that $35 to any cryptocurrency of your choice there.

Dear the market is very High for that reason All of coin transaction fee is too high it is very pathetic for all of us only TRX may be transaction Price is Low and all of coin transaction price is too much high and also ETH gas fee is more from BCH.

This tells that we are in the bull market now, it's confirm by this usual fees, Ethereum network also has high fees, so just hold on and don't sell if you can't take the fees. This soon will be back to normal once the market begin to be stable, so let's choose whether we like a stable market or bull run with high fees. By the way, fees are not a problem if you are transacting a decent amount of money, so we can't generally say that the fees are high.

Nope, 35$ fees are not make for 1 transaction. He own 35$ and wanna buy BCH but problem is higher transaction fee. Eth & BTC transaction fees rapidly increasing, small amount holder badly facing this issue, they are not able to carry the charge of such a large amount. I think no way to avoid higher gas fees right now. So you have to wait for reduce.

See if you can send that money to a reliable L2 where you can exchange it for BCH. L2 usually have 0 or very small fee's,so you might get some bang for your buck.

I can't see any reason why would anyone have to pay $27 fee for BTC on-chain tx. The current fee is pretty low and I can't remember if I have seen such a ridiculous fee ever. Which wallet are you using & how many inputs are there in your tx? Have you received the BTC more than a few times? If so, that can be the reason for such a ridiculous fee. Or, it's very possible that you have your BTC in an exchange?

Yeah, fees are abnormally high right now. I was forced to abandon all my Eth token based & Bitcoin trades because of these fees.

I will follow to see if anyone will come out with a working solution.

But cryptocurrency is more an online thing and not like shipping. So why will the increase transaction fees just because demand is getting high? That is wickedness and it is not the original intention for digital money. The miners are evil and are killin the interest of people in cryptos.


That was how Binance was able to make a name for itself and beat the exchanges before it becauae it offered zero trading fee then and that got the attention of many traders.

High fees are normal during the bull market. I attempted transferring $10 worth of BTC and guess what the fee would cost me around $40 which is way more than what I will transfer. This market is not favorable for micro-transactions and even for small-time traders since fees will kill your funds.

what exchange you are using and why they charge 27 dollars for the fee but they maybe thinking that bch is an eth and no dont set the fee to low because horible things might happen if the exchange or the wallet that you use dont recomend low fee and accelators are scam.

they will say they can speed up your transaction but it will process with the same speed i have tried lots of them but the true that will work is i guess those that are paid but not worth it if your transacing with tiny amounts .

Indeed, the problem with a large commission is now gaining momentum and, unfortunately, there is nothing we can do about it. This is due to the high demand for crypto assets and I believe that this will continue until large funds are purchased with the cryptocurrencies they need. As for the purchase of cryptocurrency, now it is difficult for investors with small funds, since they have to pay a large commission. In this case, you just have to wait until the commissions return to a lower level.

Some proposal already created to fix this problem again the problem is miners didn't approve this proposal.
The party that can give the best solution is the ethereum developers itself. The users are just using the protocol and follow all of the rules that already created on such platform. i have abandoned all of my tokens due to the non sense fees these days.

Try to transact at your local exchanges if they support BCH. Internal transfer between the same exchange is a more convenient and best alternative rather than transact it from between exchanges.

If not available, no choice but to spend $8 on your transaction or choose the lowest possible one then wait for a longer confirmation time if you are not in rush.

There are already local exchanges that directly convert your fiat to BCH. But it depends on where the OP is. If not, he can use the Binance p2p. Check first the fees involved before proceeding with transaction. As once you initiated the transaction, there's no going back. With such small funds, it is really not practical to buy alt if it will incur hefty fee.

Actually all the coins that below top 10 market cap (except erc20 tokens) have low fees, its just the users too centralized in top cryptocurrency thats why the blockchain overflowed with many transactions as a result the confirmation arrives too long but then people use higher fee to overtake other people's transaction and the cycle goes.

Eth seem to stay this way for atleast few months in the future so be patient or move over to coin with better fee.

I see everyone telling me to pick segwit address or some other trading platform. The thing is that my btc  is stuck at my blockchain address, I've tried swapping for BCH but from those 35$ I'd get 11$ in BCH, not really interested in giving 60% away on fees.

Fees are low as hell right now (6sat/byte) but blockchain still takes a huge chunk when swapping for currencies even tho I remember them saying I could do it without any fees.

EDIT: I've just read my OP and I see that I didn't mention that those 35$ I have are in BTC and on my blockchain address. My bad.

Transaction fees are too high at this time. I think high price of currencies is main problem of it.  ;)

Mainly,  Transaction fees of BTC, ETH is too high.

The issue has not been resolved since the end of last year even before the ethereum 2.0 update was implemented. I think it is all over and is the solution to high transaction fees. but until now when the price increases you can see that many tokens also increase the price but the value will run out when you see such expensive transaction fees.

Huge eth transaction fees right now everydays. It's really a crazy fees because if i gonna 100$ transaction then i will need 30-40$ fees. With the increase in the price of eth, the transaction fees are increasing which is not really surprising and acceptable. I think there may be a long gap between these fees to decrease.

Very valuable advice for now that the majority of people are struggling to cope with extremely high transaction fees. I never thought to do the way you say. I hope your advice is useful for me and for people who are struggling in trading. Thank you for the advice. and I am sure a lot of people will use the advice you convey on this thread.

This situation is very hard to accept, I have faced it so many times. Now either use top centralized exchange or use wallet with swap features. Now you could use swap features (to avoid transaction cost) to exchange another coin from Bitcoin Cash. Without any centralized exchange, we can't avoid these sky high fees. Tron blockchain is the safest one to use at a low cost.

It turns out that ETH is growing and this attracts investors. User activity overloads the network and, as a result, commissions increase. This whole situation should sooner or later return to normal. But so far, high fees of course interfere with transactions and spoil the reputation of Ethereum.

Just a curious question. Why are you trying to buy BCH?  ???
I don't see it getting a good hype anytime soon. Will it be used for a different purpose?

If you really want a little cheaper tx fees you can use other coins.
But if you do insists to force your way then check the time where there is no heavy traffic for tx's.

Fees are the major concerns right now, bitcoin has high transaction fees, Ethereum has high transaction fees, it's really a horrible experience if anyone transacts in Ethereum right now except the person is a whale who is not concerned about fees, few days ago, I lost about $150 usd on Ethereum through uniswap, it's was really a painful experience cus that money is a lot my country's currency

please use another platform to make transactions whose transaction fees are easier than you are using the ethereum platform which currently requires a very large fee. Currently ethereum is not normal in terms of transaction fees and this is what many people complain about because it has hindered the process of transactions they want to send to various market exchanges. I hope this problem will be resolved quickly.

I would probably use a wallet that has a built-in exchange to swap BTC to BCH. Fees are likely going up as the asset value goes up, High fees is really a burden to the small transaction and not really worth to transaction because of the fee. Actually I always go for the low fee and accelerating it but Some Transaction accelerator need some payments but there are some on the internet that provides free accelerator.

Well, this is not an issue for only investors or people who trade on daily basis but it is an issue for people like me who get paid weekly because of the payments in ETH and other ERC-20 Tokens my payments are delayed to next week because of the fee. I am really angry about the gas prices. That is why most new Defi projects are getting hands-on Quickswap, Lower fees, and fast transactions.

Regards

It's horrible. I have not seen such prices since 2017, I was sure that Vitalik will be able to switch to POS and we will no longer see such huge prices, but as you can see, nothing happened and now we have to pay

Yeah that's a very big problem for small investors like us. I also feel same problem. For some coins the transaction fees are too high. If yiu send small amount of coin you can lose almost everything. see I normally change my hole balance to trx if I have to send something from one exchange to another and I send it to other and and change again to usdt or whatever I want. Otherwise you have to pay the fees that's it.

You just have to be smart, look for the coin that has a very low transaction cost, just like DOGE and TRX is good too. Me, I only send coins to gambling site and I use them to save from fees, just like other people, I only send a small amount in gambling sites, so fees would really hurt me if I don't know how to find a way to minimize it.

These high fees are disgusting. What I suggest you don't do is send the transaction with slow gas as you're risking losing the gas fee and end up with a failed transaction.

Perhaps, you could transfer your money to an exchange platform like Binance where the fee might not be that high and then buy BCH from there???

Or else just wait until the fees drop as otherwise you will not have  much luck in buying much with the little money you'll be left over with.

Why would uou buy BCH ? It is not even close to litecoin supporter. BCH with only small transaction already coat you that high fees, ut is proof of BCH will have problem in the future when the price is sky rocketing. The most cheapest transaction fees is litecoin and dash and dogecoin now.

The transaction is very high these days which users are complaining. When you buy your funds you can only get a small amount the fee is high than the token you will buy. As I’ve read from others we have an options on this case using p2p you can have a small fee which I also try in binance.

That is for withdrawing but for depositing to exchange you will still have to spend exorbitant fees this is a big issue if your account is on a stand alone wallet like Electrum and Green Wallet that will be your issue having a hard time getting my small amount of Bitcoin on these two exchange , if you are on Exodus, there is an exchange there that you can use just be sure you have the right amount to trade they have a minimum amount to trade.

With 35 $ in BCH and withdrawals will be very high.  So I can suggest, 35 $ option to buy TRX, XRP, DOGE ... these are good trend coins, low conversion fee.  Go to the current good quality DEX like UNiswap, Justswap and hash it for BCH when you want.  By this method, you will get a cheaper price :))

XRP has small fees which is the best option but the problem is if that is available to the exchange that OP has used because we know that some exchangers are delisting XRP coin.
Anyway, what we got from $35? The honest this is that it very small amount to start investing crypto especially during this that fees are considerably high. You have nothing left on us if we only have $35 on our hand.

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What I can suggest to OP is that you add some more. $100 is might be enough...

I was thinking about doing that, tho blockchains *free* swapping service still takes 0.0002btc fee when swapping from BTC to BCH, but I think I've got it, I'd have to upgrade to a gold member to be able to swap more or something like that.


Well because I want to sell them and out local exchange accepts BCH, and I have 35$ on blockchain (BTC) and 45$ (that I'll buy BCH with) on cex.io, so yeah. :d


Fair enough amount to invest in some cheap coins :d The main point is that I want to transfer BTC from my blockchain wallet to my cex.io wallet and buy BCH and eventually sell, but since BTC has high fees, it's somewhat better for me to swap for BCH directly on blockchain and transfer as BCH since the fees are low. So basically, I'd have about 100$ to mess around with a little bit on cex.io.

The fees are not small anymore the way it used to be, and i don't know why its happening and I'm thinking if there's a chance to improve this one since this is not just on BCH but all the whole market, if you are transacting small amount of money the fees will just eat that so its not that worth it.

He just want to buy BCH and its his problem anymore, we all have different strategies on trading so let's respect it.

I agree. I recently withdrew from the exchange, they took almost 50 dollars from me in the amount of 482 dollars

Correct, with such a small amount of capital, there's nothing be left or I mean you can't do much with that small amount, to feel everything better to have much higher amount of funds.

There are particular coins to begin with small fees trx, xrp and doge, you can use those as good alternative especially if you are just starting, the fees are not that much.

You should just use exchange who accept this  coins/ alternative coins in order to execute your trades.

what should have been resolved from last year is this very high and unstable gas problem. we've seen this happen even before this pump happened. the developer really has to work hard to get it done as fast as possible. this is a problem for everyone who wants to make a transaction and they finally cancel the transaction.

If you are withdrawing in dollars, then try to use the TRC-20 platform which is supported by dollars as well, the fees will definitely be very cheap and will not cause you to lose, and the speed is also not too long, this is a good solution for now.

Yeah, that's a very big problem. At least at this moment one in ethereum there is a lots of transaction done so the gas fees is in upper side plus they the price of ethereum is also high. So for transaction you have to pay high price. And it's not a good thing for atleast small crypto enthusiasts. And there is no way to skip it. There are chains which has very low fees and I thing after ethereum 2.0 come the fees will show a good decline. And only then the problem will solve

For now it is the cost of transactions that are always a problem for all of us, let alone us as small investors whose capital is only a little, and the current solution if we want to make transactions we can use binance that gas costs are still low and very easy for us to use, and we as investors hope the transaction costs will return to normal so that we are easy to exchange coins.

The post is a bit confusing. For a while, I though that the OP was talking about the BCH fees being too high.. and I was thinking about it. How the BCH fees can be so high, when they forked out from BTC to keep the transaction fee lower? They have 32 MB block size limit and hardly any of the transactions are queued. And also the last time I checked, the average transaction fee for BCH was given as $0.0037 in Bitinfocharts (1,500 times lower than the Bitcoin transaction fee).

I know that no one is complaining about the high transaction fee right now. When the net worth of your assets go up from $10,000 to $60,000, you are not much bothered with paying $10 in transaction fee. But the rally is not going to last forever and once it stops, the users will start questioning why they are being forced to pay such insane fees for transacting in Bitcoin.

Why don't you move your funds to binance and then buy BCH from there. That's the most cheapest method to buy the coin currently. On the other hand, If the coin is not available on centralized exchange then you will have to buy it from uniswap where the fees are too much.

If it's only a small transaction, I think don't use Uniswap or ethereum token transactions just yet. We know not only on Uniswap but most transactions with the ethereum network also have increased costs. but if you want to play with small capital it would be better to use tokens that are cheap but which are already listed on big exchanges. now all of them are still constrained by high transaction fees.

I have the similar issue, I actually have one of the most known coins in the world and want to move it to another most known yet I can't because it is insanely expensive. I have 21 dollars in USDT at my metamask in ERC20 chain, and I want to send it to binance, that's it, it is the simplest thing ever, and I can't do it, why? Because obviously we are in a bull run that is great but that bull run made things much more expensive yet there are soooo many people getting in that costs are rising constantly.

So, if I want to send 21 USDT to binance, I would have to pay 23 dollars... how does that make sense, I would be losing money if I turn that into anything I want, it wouldn't really make any sense. So, I will be keeping that USDT there until one day gas fee drops, I do not care if it takes 10 years, I will not be using it anyway, but this is the reason why BNB is overlapping ETH on profits lately.

It's seems the $35 you have in your blockchain wallet is in bitcoin, I don't have any experience in using blockchain wallet so I really can't much of help in this case, but I made a research and found this article (https://support.blockchain.com/hc/en-us/articles/209283686-Sending-Bitcoin) where they stated that you could change your transaction fee between regular and priority, I think choosing regular might be still high, but it will be cheaper than priority for sure,so I guess this is likely the only way you can move/get maybe $20 out of that $35, else I don't see any other way out of this.

everyone who plays and makes transactions in crypto experiences the same thing as you now, especially now that eth prices are getting higher and automatically this will also affect the increase in transaction fees on each existing exchange, some people have even switched to binance smart chains now and the impact of this switch is making BNB prices skyrocket even more in the market
https://i.ibb.co/vmyPrZ6/IMG-20210223-WA0000.jpg[/url]

The market price value of top cryptocurrencies are inceasing along with the gas fee of some of them. It is sad that there are side effects in increasing the price and of it is the high gas fee. If affects the low-end or small time traders and investors because most of their investments will go only in gas fees.

High fees nowadays are really big damage dealer most specially for the part of normal small income earners because with the high fees that is needed to be paid off to make the transaction successful, a big part of the total profit is being spent more likely just to be able to withdraw the amount you needed. It is an awful situation for the most of crypto users nowadays and many are having a hard time dealing with it because instead of big possible profit, a big amount will be needed to be allotted for the sake of those fees. You can hold it up for a while if it is not badly needed for it is better to wait until the fees get a little bit cheaper or you just make a full blown transaction so that you will be just having to pay for one decent gas fee for transaction confirmation processing.

That's why you have to look for other coins that don't run on the ethereum network :), many projects are moving from the ethereum network to the binance network, so research before you buy coins, such as USDT which runs on many networks such as ethereum, binance, omni, tron .
So when you want to withdraw you can choose the Binance or Tron network because the costs of these two networks are cheap.

The longer the delay of moving to PoS ETH 2.0 the more harm to ETH itself. BNB, ADA and the like networks with $0 or minimal transaction fee will kill ETH sooner or later if it won't change. Low cost, without 3rd party and private was the reason for cryptocurrency to roar but current ETH model kill it. Currently using ACH transfer cost you $0 to move between accounts but to transfer ETH to your own wallet it cost a buch of money.

Real world middle man do it for you for free but crypto world middle man bite as big as he can. Free fiat transfer fee to crypto exchanges but huge fee to move your own crypto this is not the right way and violate Satoshi's original vision "private/ p2p / low cost (or free) transaction fee".

In real world we respect first come first serve basis but with crypto it's not. Imaging lining up to buy pizza in front of Bill Gate and he willing to pay higher for the same meal then step up in front of you and another 100 people and the shop serve him first.

That's not wrong, but today the price of Ethereum has also decreased from yesterday to the present, but I see that there is no effect at all with Gas costs, so the relationship between Gas costs and Ethereum prices is only a little, because in the past never experienced anything like it is now, even though at that time the price of Ethereum was also starting to be high and the cost of Gas remained as usual.

But how about the conveniency and effectivity of those altenative networks? Is it often to experience the data traffic while the transactions are on going? If those alt networks are worth it, then I go with it and leave ethereum.

Yeah for last 5-6 months the gas fees in ethereum is touching sky. And day by day it's increasing even more. After uniswap and more likely the defi projects the gas fees started to pumpnand if the market go more up it will go higher. But after ethereum 2.0 come to market this problem will be solved. Before that we don't have anything to do. That's it.

The question is if when will it happen? We must see that if there will always be the delay before the implementation of old proposal. That gives us a small insight about the possibility for the proposal to be delayed again.
The proposal already tested but that needs more process to be implemented in the network.
Implement the proposal is not an easy task dude. This is always having various contradictions.

Yes, but the problem is when will Ethereum 2.0 be fully resolved? this is what a lot of people are waiting for right now, because so many people say so that makes everyone wait for it, so are you sure when Ethereum 2.0 is finalized there will be an effect on the Gas cost?

Up until now the most concern of every traders and investors of cryptocurrency was its fee which is as high as the sky. Which is i understand that some of us here were thinking twice if they were going to convert their crypto to in cash it in their respective nation currency. Even myself, it is my most concern and if i had an extra source of income that i could use to sustain my needs in life, i wouldn't want to convert my crypto unless it is so important.

I did everything as you described and at the moment FTX exchange has changed its policy for withdrawing funds. At that time i was withdrawing ETH from the exchange and paid commission of 0.0025 which isnt much compared to other exchanges...

Ethereum developers make no claims about any solution to the problem of expensive transactions. This puts people in an uncomfortable position and they have to look for alternative methods of transfers in other networks. You can see how the price of BNB jumped and the volume of transactions on BSC increased

Impressions that i do have on this moment or whats up into my mind on telling, what he heck ETH developers been doing this time? Fees are way too high and there's
not sign of some sort of network becomes normal and still continuing to experience the same problem which isnt already tolerable for a long period of time.
If we do compare it on Bitcoin clogged network and the time or duration on where the network becomes calm then you can really tell the difference.
They do have their own flaws but you can point out which one is bearable and which one isnt.Time for jumping on other boat?

Actually, there's already a solution that's about to come somewhere around July of this year.
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July (https://www.coindesk.com/ethereum-improvement-proposal-1559-london-hard-fork)

In my opinion, BCH transaction fees are not very high when compared to Ethereum which has much higher transaction fees. Maybe you chose
the wrong platforms to buy BCH, so you will be exposed to quite high transaction fees. I recommend using Binance to buy BCH, you can first
deposit to Binance exchange and after that you can buy BCH. You can later prove yourself that the BCH transaction fees are not that high.

Sad to say that fees are also soaring high and it is not profitable on the side of small scale investors. Well I read that by the month of July, the issue of high gas fee in ethereum will be resolved, I hope that other tokens with high gas issue will be resolved also.

Does your local change have XRP? Because in my local exchange there is an XRP where I can able to convert my fiat into this currency,
then once it's been converted the transaction fee is too small or cheap. And once it has been transfer I can now sell it in the platform where I transferred it to start an activity in trading in the exchange, just simple as that.

Yea, high fee is a big problem

Bruh there's already proposed solution and it's still ongoing on its implementation, you know what the devs could not do much without miners support and it's really annoying I know but for the implementation to take an effect it needs some time, not to mention last time I checked the last block average fee it's already relatively low although still higher than other blockchain so our best course of action is just to wati.

i think bch would be the wrong choice for you. choosing other alternative coins that you can probably gain you extra income. if you buy $35 and you will get only 8$ it would be too much fee and its quite high . i would suggest you to buy alt coins on exchanges and trade it so that you can earn and gain profit.

I really don't know how going to fix this, if eip 1559 will help ETH or if there is a situation with bitcoin that will be fixed but this really keeps people from buying. Think about how many people will decide not to invest if the entry point is paying 40 dollars as a fee for getting in, and think of how many more people would join if the fee for getting in was 70 cents?

I mean they are obviously different and I would say that it slows down our increase as well, which is why I do not believe that we should be getting these fee's any higher, but I do not know how we will get it lower neither.

You know the reason why its high right? Miners do not "charge" people a lot, it is the people that pay a lot, if people decided not to pay we could drop it right away today in an hour make it small, but people pay more to get theirs go faster and that causes it to basically go up more than we can assume because they compete with other rich people to pay more to get their transaction done and poor people left in the between get the trouble.

Yes it is very annoying but still have to accept and wait, I still have some coins on ERC20, and it really makes me crazy when I withdraw $50 and lose up to $20 in fees, that's why I specialize in BSC more recently. I also heard about EIP1559, and they will start from April 7 and hope by then things will become more stable.

That's actually one of the struggles that I have been facing these days. Out of 100% of the coins that I'm withdrawing, I'm usually spending 40% on the fees. I tried using lower fees and my funds ended up being stuck and unconfirmed for weeks but we have to deal with it since that's a part of the market growth.

Exactly, I was going to do some transfer with Ethereum and this was even before all this madness of high gas fee and I noticed it would be cheaper for me to convert my bitcoin into Tron and send the Tron to the other exchanges which as you said was faster and cheaper. I think we just have to be wise with this things as we navigate the crypto ecosystem.

Sounds very good solution for the OP. However you can also try to go with the BNB as fee structure. I think they are having 50% off on your fees if you pay with the BNB. But again the challenge is you need to have BNB in your possession to avail that offer.

You can also try to go with the SWAP option from other sites. I think that will have less fees and your swap would be far instant as compared to sending the money to BCH broadcast.

Yeah for last few months ethereum gas fees was just sky rocketing. And day by day it's also increasing. For defi and nft many transactions are happening on the chain. And ethereum price is also hike. I think there is nothing to do but wait for the ethereum 2.0 to come to this space. Tillbthen we have to pay this kind of high fees. Hope ethereum 2.0 will come as soon as possible.

i have my business as selling bot for customers whom work with the binary option and selling bot to accept payment with the bitcoin that is one of the condition as referring uses with the least on buyer as might they feel boredom on high fees with the transaction.

the increase in transaction costs has occurred in the last year. maybe it is not as expensive as it is today but the increase has been happening for a long time and until now we will still see the solution in July.
too slow indeed, but we can't think that this handling can be done quickly. everyone's shouting and the developers always say the same thing.
finally, many projects decide to switch chains to keep their market.

It seems that the price of Ethereum was the one that should sky rocketting and is a must thing to grow high but this happened oppositely. So yep, up until now the main concern of ethereum investors and traders was its transaction fees that was totally too high enough that you may second thought if you were going to made any transactions or not, if not really needed i bet that none of them would take risks to make any transactions. Hoping that Ethereum 2.0 can make it's transaction fee lower than the today.

The current ethereum price is indeed comparatively very low. Compared to the price of Bitcoin, ethereum should now have a price of over $ 5,000. The reason for this condition is the high level of gas for transactions in this network. Some campaigns, including AMEPAY, are still hesitant to pay out part of their tokens to bounty company participants because of this. However, this is a temporary problem and, as Buterin assured, this problem should disappear in July. So, if possible, we should give up making small transactions on the ethereum network for now.

I think with July update it is going to go down, that is what I am expecting ethereum to do next, drop the fee to low levels and have a high price instead. That is going to be great, it would help miners because even though they are charging less ETH it is still a lot of ETH that they are mining so the price of ETH being high would help them, and it would help anyone who holds ethereum, and who deals with ethereum and people who want to move it around would have easier time as well.

It is just a logical method, it is not going to hurt anyone and it would definitely help anyone. So fee under 5 bucks and price over 5k will be the only way to go for ethereum to survive. I think it was basically 10x compared to last year so that is not bad, but it could definitely get bigger, could go towards 3k easily with this kind of change if the fee is dropped.

any Update on how much have you purchase from that 35$? I bought BCH also back in February and the Fee almost the same of what i need to purchase lol.

But since i have no choice so i go on and luckily that the coins i bought is for my gambling activity.

And i made it 5 folds from the amount i purchased so the fee does not really affect my day .