Bitcoin Forum

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  :(

https://i.imgur.com/vbrUcFF.jpeg

You are certainly missing something here mate. It is not possible now fee to reach $3900 per tx. It is supposed to be $20 or near this amount all the time as long as network is congested. But in your case, I'm sure something is missing here.

Yeah, sure that's insane.

I will wait the right time for me to send those tokens wherever I want. I'll just skip the day and wait until the network's somehow free and will charge me lower fee.

But with that fee, it's not tolerable and it's the solution that I can think of. Skip the day and do something else while waiting for the fees to somehow drop.

Impossible, you have to double check the wallet fees before clicking that send button. In my opinion, you have adjusted fees to the maximum and the insane fees appear on the transaction processing screen. Change it to a minimum and try again. The transaction fees are insane on all exchanges, just make your research and find the cheaper ones in order to avoid the loss.

With bloated and congested eth network transactions are almost becoming impossible. Personally i have stopped many transfers and adjustments just because of high fee.
I do not know exactly when will eth 2.0 chain activate and take us out of this very troublesome situation.

I'm trying to unwrap my ETH on Uniswap and its not being able to do that even with a fee of over 0.0035 ETH which is over $6.
If a simple transaction on a dex requires such fees, how could one use such dex and defi based on the platform on a long term? ETH transaction are costlier than bitcoin which is wrong in so many ways as bitcoin is nowhere a competitor to Ethereum.

I had this thinking too, maybe the op should check in the default fee and can edit it to his/her favorite transfer fee, but one thing with what the op is seeing on the fees is that transaction would be very fast for the op if they accept the high transaction fee they are seeing now.

this is so scary, you should double check your transactions again before you confirm it
or click the advanced button then setting up the gas fees there mate

The fees calculation that already shown on your metamask wallet is not synched with the result that already published by etherscan.

https://etherscan.io/gastracker

There are still bugs in metamask and that's why i call this a garbage wallet that doesn't have accurate data. I just feel curious where metamask was getting its api and how the formula is used to calculate the transaction fees. Metamask is a crap wallet.

Its a general issue that everyone is facing. All you need to do is to find a perfect time when the transaction fee wont be too cost such that you can afford it. This type of transaction fee you showed in wallet is the height of it which you have a choice to cancel. There is nothing we can do about it now. Its better to find a way around it to claim your oken

Mate, check the screenshot again. The settings were on Basic and low fee was at 1.3 ETH with 2.3 ETH as fast. Unless OP edited the image, what appeared there seems legit or maybe a glitch in the wallet as pointed out by @shinratensei_.

There are so much complains about spending gas fees on ethereum that cost higher than the amount that you are going to sell. Checking in your screenshot I don't think it costs more than 1 eth, might as well to review the transactions since it happens in the network failed or error. This is also the problem I'm facing that I can't transfer my wallet because of this expensive fee.

This is very unnatural for gas fees, because you pay very expensive gas fees just to send DEGO, therefore now I prefer to use binance smart chain than Ethereum and invest in altcoin that are on binance smart chain (like BAKE, CAKE, BERRY), because the transaction fees using Binance are very low and besides that the prices of altcoin on binance smart chain will definitely increase very high, that's why I prefer to use binance smart chain instead of using Ethereum for now.

Hmm, is that DEGO from bounty right ? I also have it, but it hasn't been claimed yet.
Don't make a claim, because you will only waste your ETH. Look at the discussion in the bounty group, many people fail in claims.

It's not even a policy consider you can adjust your tx fees when you are using the advanced tab and I think that anyone able to put how much gwei and gas that they are willing to pay that.

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OP, if you are encounter the problem and you could export your privatekey and try to open your wallet with another app like mobile wallet, MEW or mycrypto.
The formula that used by metamask totally non sense.
You must move from metamask to the another wallet.

It looks like you wanna claim your doge. Forget it and you will waste your money to pay the fees and it's not worth with your total dego token worth in USD or ether.
If you wanna send a personal tx and move from metamask.

What platform do you use to transfer the DEGO tokens? if you use the Ethereum platform, then obviously the transaction fees will be very crazy even you yourself will be surprised by this.

This kinda true because Try using uni swap to exchange token and you will see how big the fees are right now, This the effect of so many traders and people making transactions, I think there is time that fees are low too

That's not normal at all. Even my fastest transaction only cost like $20 compared to yours.

https://i.imgur.com/nIRqlp0.png

If you think you can use other platform, then do so because sometimes, Metamask eth gas fee is absurd. I you don't follow their standard fee, your transaction won't process at all.

what an insane gas fee, this is why binance chain, is where other holders transfer their tokens, this will make a big impact on ethereum, and what will the projects do, are they going to shift to smart chain? the way I see it this is what push binance price to go up, hope ethereum will make things better, soon

This is unbelievable, something must really be wrong to be charged with those astronomical gas fees to do a transfer of a digital asset under the Ethereum network. What can not be denied is the fact that Ethereum right now has become like a big insult to all of us crypto users and enthusiasts. Very insane and as of now nobody can say when this insanity gonna end up. Seems to me that we are dealing a very inefficient network in Ethereum and nobody can guarantee that Eth 2.0 can solve this problem by the time it is rolled out completely. No wonder a lot are asking if BSC should be the better choice compared to Ethereum.

I doubt it could go that high, maybe $30 but a thousand dollar? that could become a news headline or maybe there's something wrong with this DEGO token that causes it to use so much gas.
Otherwise just try to use other wallet because I'm sure that's error from your metamask.

Yeah something is surely wrong with that wallet. Lolz.
Looking at such fees people might just switch to another atlcoins which are way cheaper and has lowest fees. ETH needs a development team who will work on their transaction fees somehow. It is still unclear to me why take such huge fees even when the ETH network is upgraded since ETH 2.0 development. Why they don’t work on network congestion side ? If they do then network won’t get congested and they will not need to hike the prices. BTC is also going down like hell on the side of fees. If the king and queen act like this then soon they will loose the big portion of investors.  ::)

Hey, I think its not right. Some of my friends claim DEGO token without facing any problem. However, the claim of one or two is failing. Most of the people who are using Trust wallet are failing to make the claim. The chances of failing to claim using Metamask are very low. DEGO tokens now cost more than $4. Then why not claim? Although the transaction fee is much higher when claiming, $20-30 is required. Tomorrow is the last day to claim DEGO. Those who have not yet claimed who should claim.

With the price of Ethereum reaching $ 1900, it's no wonder gas fees have become so expensive. therefore if there is no urgent need I will not move
my tokens from wallet. Because there is nothing we can do but wait patiently for gas fees to drop. The problem related to gas fees has been
a very long discussion and there is no best solution regarding this matter. So from some of my tokens in metamask, I could not send them to
exchanges because of the high gas fees.

That's one heck of a gas fee right there, this is probably a mistake try loading it again, there's no way a transaction can cost that much, the highest gas amount have seen recently is just about $100 not this insane amount $3900, not sure if it's possible for a gas fee to ever go that high, during the day I normally see gas fees at $30+ while at nights it somewhere around $20 to $16,i can't remember when last I saw eth gas fee below $10 after eth crossed $1000.

I agree with you here I have not encountered fees that go higher than $100, that's very insane, if this will continue all altcoins that we want to trade are stuck in our wallet as long as these fees are insanely high, I wonder how did it end with that huge transaction fees, it just doesn't make sense.

Something went wrong for sure but I also didn’t encounter such fees with a small amount of transaction. We know many are calling for the fees goes insanely high over the past weeks and I don’t know if this propaganda is just to lure many project to shift from ETH to BSC, let’s see the effect of this one in the market. Anyway, a lot of hunters are raising their concern about the higher fees on claiming their rewards with Dego and I think we can’t do anything about this, the traffic is too much and that’s why the fees are getting higher.

it was clear something went wrong. it couldn't possibly cost that much gas. I myself always look at transaction fees at ETH Gas Station. at least to be able to carry out transactions normally we have to set Gwei at 200. but the calculations that happen are constantly changing.

well in this case, I am also almost the same as the current OP problem but not that expensive. in the case of the OP it costs more than 1 ETH and it seems to me crazy. whereas i had some dego and made a withdrawal via the Dego platform for around $33, after the process was complete I tried to transfer to another address it cost fee around $27. I think this is ridiculous, and in the end I have to do that, otherwise I will lose heavily because I ran out of initial transaction fees. and until now I still don't understand that this coin is really costing me a lot. This is the first time I have seen coin withdrawals require such an absurd fee.

You are right, high fees on the Ethereum network are insane, which prevents ordinary crypto users and novice and small traders from using the Ethereum network. Personally, I have a part of the tokens in the erc20 format and I cannot transfer them to the exchange, so I have to pay a commission of $ 10 or more. Perhaps for some, this is an insignificant amount, but for part of the crypto community, this is the money that they would like to have as profit, and not give it away for paying commissions. I believe that at the moment Ethereum does not have a solution to the problems associated with the high cost of commissions, and if there is one, then they do not use it on purpose.

WTF is this? $4620 as transaction fee to transfer a few tokens? Seriously? I have been in to cryptocurrencies for more than 4 years now and never in my life I have seen such insane gas fee with Ethereum. The developers need to take care of this issue right now without much delay. This is just insane. Is there anything special with the DEGO token that takes so much gas? Or is it an error with Metamask?

It seems like a bug and it's not only him who already encountered such problem but someone ever created the thread that was discussing about how inaccurate the fees that already calculated by metamask.
that's why there are lots of negative reviews on metamask adds on consider there are still lots of bug on this wallet.

This forum is full of complaints about very high transaction fee, but I have not encountered a fee this high, this is really insane this is a big turn off for traders and developers, I have a problem transferring my altcoins with $10 to $15 fees but this fee is really insane and unacceptable if this continues people will be making a big shift and it will become a good opportunity for other chains.

I think that was a glitch on part of that Metamask wallet. but you are right that was an insane gas fee, Imagine $3000+ no way if thats the price I dont use that coin anymore because its a disgrace and can be the cause to slow down the momentum of the cryptocurrency adoption just look for another alternative or use BSC temporarily instead because the fee is just minimal.

Even if you select slow processing time, it will still cost more than an ethereum as a fee which is too much. We do not have any option for now for low fee.

By the way Have you perform this transaction ?

That's insane, but I guess that's one to tell that I didn't experience the worst before as I thought before that I had the largest gas fee when I was still trying to send my ERC-20 token to EtherDelta to sell it and trade it as well.
Learned my lesson from my experience before to be prepared to cover these gas fees as they might be my losses rather than get your trades. ;)

I think you made a mistake because it is impossible to send token with fees more than $1000 because what I observed during the increase in gas fees the transaction only need about $20 to $35

I believe Metamask support adjusting the gas price manually so you can set whatever suits you.
But since no one else faced the same problem, I suggest moving to another wallet and stop using this one in case you ate using a fake version. Is this the first time you use it?

bro these are crazy high fees, stopped using ethereum long ago but this doesn't make sense is too high,
are all transactions in ethereum got so high fees ?? and if so why developers don't do something about this???
this is not very good if you want to use it for real transactions

Not yet. I was informed that this is a bug caused by the DEGO smart-contract. They said not to withdraw DEGO tokens until further information.

I've been using metamask for a long time. I think from 2017, and there haven't been any problems until now. So that I know this is not the fault of metamask. Maybe this has to do with the DEGO smart-contract.

The transaction fee problem must be solved soon. If it goes like that Ethereum will unbearable to operate. Why they use Ethereum instead of BSC if transaction fees are so high?! Yeah, lots of DEFI projects are on Ethereum but the gas fee is so high. People wait for ETH2.0 to see the solution, but it can be late.

This can't be true , there must be an error somewhere , if transaction fee cost this much that means there will be a problem Making transaction with this Blockchain , because not everyone can afford such , transaction fee can't be higher than the estimated value of the asset being sent, just imagine an amount hasn't been opted in but it's already showing this high amount, it's very wrong .

Some EIPs already prepared by the developers but it's not easy to fix it dude. there must be an agreement between all of the nodes that were helping ethereum to run its network and the majority of these nodes didn't agree with the new proposal that already released last month. The power gets centralized to the miner and this is the problem when a project use POW.
The buyers or owners of the token have no power and that's totally non sense thing to see that and this problem will remain forever.

At the moment, the commission for the sale of tokens has grown very much on the market. In order to bring tokens to the exchange, you need to have a large number of toens, and you also need to pay a huge commission. And what remains to be done is to wait until the commission becomes available for a profitable token sale. I believe that soon the situation will change when the price of Bitcoin drops sharply. And, accordingly, the price of the commission will become available to everyone.

I tried Metamask at once but I don't feel being user-friendly than using MEW. But if OP uses the fake wallet, that be sorry.

But in regards to the gas fee, we have nothing to do with this until the bullish trend end. Everyone has in a bad sentiment looking for any ways to save some fees but it is very unfortunate that we can't find any. We have no choice but to face these changes. It becomes cheap sooner.

The team said we have to withdraw the token from the wallet until February 22, after this due date we cannot withdraw it. But seeing these insane fees I am quite upset now.

It looks like there is an error in their smart contract or their token calculation on website is wrong. It all started few days back when you could suddenly claim more tokens than you were entitled to acording to their website. Of course when you actually try to claim them, you first see those ridiculous fees and then an error.

It's hard to believe that your gas fees reach more than 3900$  :P :P try input gas fees manually by using advanced option, maybe it can help you to transfer your tokens. When this crazy gas fees increase normally I paid around 25-70 for each transaction, wondering how do you get that insane fees  ???

This has become the main concern by all of the bounty participants from dego finance. I have heard that when you are missing the deadline and the participants were not able to withdraw their doge.
That looks very strange consider the smartcontract has nothing to do with the gas fees. As far as I know, if the gas fees will be determined by the miners and it's not from the smartcontract.

When you try to claim, the transaction fee will show a lot, but it will not deduct that much. It will take much less than what is shown.  You can try. However, claims can often fail. If you try two or three times, it will be done. And as far as I know, today is the last day to claim.

Transfering a token requires further fees for ERC20 tokens. There is the gas price and gas limit. The gas limit for Ethereum transactions is 21,000. In order to transfer tokens gas limit depends on the smart contract and how it is written. I often come across 200,000 gas limit and perhaps the smart contract of this asset (DEGO) asks for a million or more.
When the gas fee you see in etherscan is recommended at $20 it means that moving tokens will require $100-$200 on an average. It depends on the smart contract features.

It is so disappointing knowing that you should pay for gas fees like that. It could buy you a new car with that price. I think.theres something wrong going out there with the platform you are using. It's not advisable to transact with such high fees unless you are talking about millions of dollars, but for just merely few profits you could get then it's a no. Id rather wait for decongestion than to suffer with gas fees.

Fees are just high at this moment to most of the exchanges probably because of high market prices of cryptos but I am also surprised of how big is the mentioned gas fee and it is possible that there is a problem with that platform especially because of the huge difference from other platforms. However, it will be a major problem if that coin is only tradeable in that platform because consequences will not be avoided. In such cases, I do tend to wait for the enlistment of such coin to other exchanges and not pushing things if profit will be more of a loss.

I have a token poolz worth $78 and I tried to send it to exchange but it seems the flash crash worst the network today. I was seen 800 gwei for low transfer fee that was approximately around $60 which is not economical for retailers.
Ethereum is becoming too congested and miners are somewhere smiling, I bet they wouldn't want this to end anytime soon. I don't expect crash of market but if that happens soon, transaction will be increasing and Ethereum price Wil be declined. This is insane innovation I have seen.
Bitcoin so a blast to the upward but the fees has never as worst like Ethereum. Lets all developers and Vitalik Butterin do something other wise eth price will never increase.

Are you sure that they've said that? it would cause panic if that's for real. Do you have any valid source for that? AFAIK, there's no need to withdraw if you're just holding it.

Verify that first if that's for real.

Because it sounds bad to read that after that you've said that it came from the "team".

The amount of gas fees we currently have is really incredibly insane that you seems to be cutting of your potential profit for the sake of paying the needed fees for the transaction to make success. It is really awful at times like this that you cannot handle little amount of transaction for you will needed to take care of the gas fees that it will make you wait for a little longer if you do not have enough budget to sustain or fund the gas fee. Holding for a while is the best option we can all do if such transaction we are planning is not really that urgent specially if it just for personal use. But if it would be that important, prepare to at least spend because currently it is the reality we have.

Wait the gas decreased a bit, you can do it with half of it or cheaper. Check it this time, now its "really cheap" for you if you want to transfer your erc20.

https://i.ibb.co/GC2r7wq/gas.png

Not only you many of us here feel and experience the same issues, but all my altcoins are also stuck to my wallet I can't trade them because I'm not comfortable with the very high transaction fees, I already waited for a month now I guess I have to wait for more months until the fees are fixed, I just hope all my altcoins are still profitable to trade.

Of course, gas fees for transactions on the ethereum network are now too high.
However, the light at the end of the tunnel is already visible. About four months later, in July, as part of the improvements being made to Ethereum 2.0, we are already promised that the gas problem will be resolved,
and this time finally.
Ethereum Improvement Proposal (EIP) 1559 has been one of the most anticipated updates to the network since the launch of ETH 2.0 on December 1, 2020. The EIP must solve this problem of high gas prices, which is why everyone is so outraged.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/

I remembered that day when 90 gwei is already considered as cheap and not this ridiculous 120 gwei  ;D ;D
. However, as I've observed the fee required for ethereum transaction varies a lot between time to time within minutes. maybe we can set current fee to 90 gwei because recent block also have that median fee but it doesn't guarantee that our transaction gonna get confirmed.

That's right, but not long ago when I buy hydradx on balancer exchange and cost fee = 150 dollars. It's cursedly, but when I read twitter: Refund gas for every buy transaction for everybody) And this amazing news for me.

All of you wants token price to be as high as possible, but transaction fee to be low as possible. Was it ever like this? Just drop ethereum price back to 200 usd and you will see good old <1 usd fees. Or am I wrong? With great money, that came to crypto, be ready to pay huge commisions. They will never be agains like years ago. Rich people or people that earn enormous money by trading, dont care if the fee is 1 usd or 100 usd.

what OP showed doesn't seem normal to me either. but 2 days ago when I tried to remove my liquidity from Uniswap it showed me the 3 Gas and the slowest one was $250. so I assume the GAS price is different for different things and tokens. removing liquidity from uniswap and sending a token are 2 different things.
maybe OP has some problem with his smart contract or something. otherwise, the fee shouldn't be that high at all.

Welp I hope most of erc20 tokens also have other blockchain version like how USDT and BUSD got their tron version but that's impossible since they aren't stablecoin.
The only problem most of us erc20 and eth users face when it comes to migrating to other blockchain is the fact that our asset is like imprisoned to eth blockchain by the fee, the only thing left for us is to wait 4 months I guess.

That's why so many people are getting frustrated to see the fees, If you are exchanging more than 1k and that is still worth but for people who wanna try to convert less than 300 USD and that will never worthed anymore due to this non-sense fees. I wanna send a token that worth $30 and the fees was more than $100 a few hours ago.
Day to day and ethereum fees become even crazy than before. No chance for small users to send their tokens.

The team said that they will review their smart contract and asked us to hold the token until further notice. They plan to change their smart-contract to BSC, where the fees are lower and faster. Well, this is a wise decision, but why not use BSC from the start, right? LOL

:o are you for real right now? I know Ethereum transaction fees are crazy nowadays, but I didn't expect it to be this high, honestly have never seen any gas fee this high,this is way too much for just one transaction, are you sure it's not a mistake from the network, it could be because that's way out of the line, quit the page then maybe try it again later, even the gas fee is still this crazy, I heard you can now claim DEGO on BSC, here's proof : https://docs.dego.finance/modules/bsc/why-bsc

Well, I better wait until further information from the DEGO Team, because they said they would change their smart-contract to BSC, where fees are cheaper and faster.

But, do you also take part in this bounty?

Ethereum is too old, the architecture is absolutely not scalable. I don't fancy paying hundreds of bucks for my transactions.

What the? that is so crazy how you end up that high gas fee? the eth 2.0 is really failure, I thought this can solve to lower the gas fee but still the gas is so high. I don't think if someone willing to pay $4k fee just to transfer their ETH or a token..

If someone were to pay 4K USD for a transaction that was worth hundreds of dollars, I think he's crazy. Lol

Is screenshot OP serious? because on February 20 I also made transaction but did not find gas costs like that
For OP, did you use the same GWEI as https://etherscan.io/gastracker at that time? or are you making GWEI much bigger?

Even the big companies are now halting their withdrawals and making it happen in batches or charging higher fees now. I still think sending BTC on your own is okay, if you don't use many inputs, but I can imagine ETH is painful now for smart contract transactions I saw it's $100 for reasonable timing which is frankly, not right:)

I'm serious and don't manipulate anything. You can ask other hunters who hold DEGO tokens, they also complain about the same thing.

The gas fee are changing rapidly I just check a few hours ago it was around 110 gwei then after a couple of hours it was around 400+gwei and now the standard gwei is only at 272 gwei.
I think it is better to wait for it to drop down so you could save up some ETH if your transaction isn't in a rush.
P.S I am checking the gas fee at https://ethgasstation.info/

And that is what makes ethereum unpopuler now and many developer and eetail investor move to BNB and project in BNB, and also happen to polkadot. I also hate those fees it is like ethereum is only for big investor now. And minimum investment arround $10k then uou can cover your ethereum fees.

ethereum gas so high bro why beacuse of eth also price going up also same on bsc chain the bsc gas is going up also beacuse of the bnb going high price lets wait the network of holo chain they do the they holo network ithink the gas in there will be low.
ihope eth adjust the network fee transaction when the ethreum price is high

This issue with Gas is something that cut across everyone, I wanted to buy SFI today and when I saw the transaction fees I needed to pay I decided against buy the token, if it cost $6 to send Ethereum then you will need to pay $40 or more for ERC20 transfer and even higher, if Uniswap wants to retain their 1 number spot they need to deploy their Platform on L2 now or another project with better solution to this transaction issue will come up and take their spot

$ 50 if during the swap process you interact with one smart contract, for example, an Ethereum - token.
If the exchange takes place according to the token-ethereum-stablecoin scheme, then the amount will be much larger.
It is better to set the commission above the average, otherwise there is a chance of getting a Fail with error transaction.
This often happens when the smart contract does not have enough gas limit.

BSC has started replacing ETH...
all people in the world who transact using the ethereum network complain about this. who is comfortable with such unstable gas fees? uniswap fee is a joke. bsc is the current favorite. *to vitalik, don't blame the user for switching to bsc

Insane gas fees when you want to transfer token from your wallet it cost you much. Small time investor are the most affected of this expensive fees. This is why also other users prefer to have a transactions in bsc network because of the cheap fees. Eth users are always asking when this will be resolved so I'm also hoping for the resolution of network fees.

ETH 2.0 is the second major version of ETH created to mitigate the current eth network issues. It's true that small time investors are the ones who are mostly affected by the high gas fees on the network. Sometimes, gas fees cost more than the actual cost of my tokens. It's difficult to conduct low to medium transactions now if costs is being considered. That's why bsc has been in the hype lately. It's like an eth mirror change only better.

Yeah because of this problem, the team from DEGO is doing a smart contract renewal and starting to adopt BSC as the basis of their smart contract. And this is a good step taken by the DEGO team.

It's not a fact that the fiies will fall a lot after the update. Now is a great time for small investors. Because they can enter projects through different chains (bnb and heco).

It's needed for this adjustment as fees really hurting small investors, with some adjustment to
lessen it will help traders and investors to continue chasing for good project that based from
ERC20, Team should take this to help those traders who are now trapped with high fees and
can't do anything with their assets.

Now erc20 platform coin make you crazy with gas fees and not good ideas if you want to send now and looking early how much your coin value and compare with gas fees still profitable or not before send you coin, I have forget with my assets have value under $20 or $30 because I need to pay more than $15 fees transaction if success but if failed my fees gone and I miss to get profit with selling coins.

Last night I sent tokens from my personal wallet to exchange, and it cost me $50. I'm also waiting for a low fee to unstake my liquidity pool. Hope there is a solution for this all.

I hope it will be , because we're slowly being killed by the gas fee, sometimes the value we are transferring is much lower than the fees that are very very high, that's why it is no doubt many projects turned to bsc because their presale is being paused or getting slower because of this fee and if we want to participate in some presale we should buy in tons because it is expensive to have multiple transactions now.

For the Gods Unchained trading card game on the Ethereum blockchain, the in-game market is unbearable due to the insanely high gas prices. In order to buy a trading card which may cost a penny $0.01, Could have cost you $30 because of the exuberant fees. Luckily the game doesn't require the market in order to play, but still this has a very  negative impact upon the games ecosystem. So, I really feel you pain, I also believe that the gas prices may or may not be the reason Eth hasn't mooned as much a Bitcoin has been.

That fee showing in OP is for claiming bounty rewards for DEGO. Actually, the smart contract that was created for claiming DEGO was ended early so later on anyone tried to claim their rewards it shows an insane amount of gas fees. These insane fees are because of the fault of the smart contract, not eth network. Till now a transaction can be made below 50$ which is also high but not as high as shown in OP.

Everyone does feel the pain because this doesn't only limit out for a few but rather as a whole specially to those who do engage up with small scale type of trades.

One of the hiccups that we are currently experience and also with that known bitcoin network too where fees are way too high for a very small amount that had been transacted.

Solution? ETH 2.0 maybe but lets see if this one will really be significant or would able to resolve out those problems and issues towards this matter.

This is a really unrealistic price per transaction, a few days ago I withdrawn DEGO to my wallet, and it cost me $ 30. And this price is too high. With such a fee, new projects will refuse to use the Ethereum network, since there is an alternative in the form of BSC.

The gas price on Ethereum is crazy for now and I think people trying to sell their tokens during a dump was what cause the spike in gas price to that level, the cost of transacting has come down but not to the level we all want it to be, I am seriously waiting for Uniswap V3,if they fail to move to L2 solution, they are likely to be surpassed by other DEXs because people can't continue to pay this ridiculous amount for transaction fee

The high fees are incredibly frustrating, not only that to get a coin you have to enter into gas-war (and possibly lose the fee with no token) but makes any transactions almost not worth while.

With average fees around 50-100$  makes Uniswap usage and just sending coins across the blockchain accessible to the rich. This is a grave problem, and Ethereum v2.0 needs fixing up (and fast).

That was the problem with the most right now, they can't move their ERC20 token because of the huge fees. If you are moving a huge amount of money, maybe that could still compensate you in the end but if that is just a small amount, that is really insane. Maybe we don't have to force it.

For your case, I'd rather not move it. The fees are not really acceptable and that be considered a loss on your end.

The alternative solution might be sending the tokens on another chain like TRC-20 but if the token supports that kind of transactions. I mean I was facing the same problem with some coins but the usage of TRC-20 chain solved my problems so it might help you.

I am not sure because I haven't made recent transactions in ETH but aren't there accelerator for transactions just like they exist for Bitcoins? If so you can use very cheap fees for transaction and just use accelerators to get confirmations.

But overall it is quite crowded and I think people are losing interest in ERC-20 because of all the fees issues recently.

LOL, this is what makes people want to move away from Ethereum. Yeah, but right now it looks like people are already using it and are comfortable with it. well, because of this high fee, I also experienced some problems in making transactions. However, I still really hope that there will be a reduction in fee prices for ethereum. I hope Vitalik does something about this  :'(

Now the transaction fee is low, even under $ 5, there is a high probability that there will be an airdrop which makes the price increase quite high. like yesterday's Uniswap airdrop and also 1 inch which made the ethereum platform transaction quite solid. Besides that, the increasing ethereum price factor also makes an estimated increase. every day the gas actually goes down if you can find the right timing morning or evening

Yes being away from the crypto space for quite awhile, coming back to these crazy eth gas fees caught me by surprise. Not worth it at all for a small time trader, IMO. Moved some to a wallet on my phone and to move it would cost over $100 apparently? If i can be patient enough to recoup those loses, im running from Ethereum. Ive got alot to learn about it but these are expensive lessons.

It better you do your transactions at the early hours of the day in that way you get a cheaper transaction fees in the entire blockchain and also less congested network which make you transaction fast

The high gas fees encountered by the OP is really unusual. I think there is something wrong with the network at the time of his checking. Never seen that high though. As others have suggested, check in the ethgaststation.info first, to know what is the current gas prices. Won't transfer the token if you have unreasonably high fees, expensive than the value of your tokens.

Yeah for now several platforms use BSC to deal with high fees. They say that BSC is faster and has lower fees than Ethereum.

This gas fees are placed within reason but of course, it is something that is placed because of the value of we are transferring can also be so high and fortunately, there is always a way to get lower gas fees but you need to wait for it within the day because this gas fees are also changing. This gas fee's change when Cryptocurrencies values change but one friend of mine told me that there will be window of opportunity during a day in which gas fees are lower than usual and we really cannot do anything about it and just accept the fact to move our cryptocurrencies at a slower rate.

why the send amount is zero in the pic ? did you mean it just to show only the fee to us ? but thats indeed a crazy fee for slow transfer and much more to medium and fast transfer but what really drives me crazy is that even if you send a zero valued transaction it will still cost you a thousand dollar fee lol wtf . by the way you arent alone with your problem but many people have this headache lately  . now all we can do is to watch our erc20 coins value drop to a much lower price because we cant sell them on time even if badly want to due to this insane fees .

Pratcially right, why bother to transfer if you are going to pay much higher fees than the actual amount of your assets,
either token or ETH itself.

If the value is far bigger than the amount that you'll going to get no one in  good mind will process this kind of transaction,
you need to wait or double check before proceeding.

I just sent a ERC-20 token transaction and i "only" paid  6.66$ fee and it went through in under a minute so i would say at the moment the fees are ok. Still high but at least ok.
I also have to say that i did my first BTC transaction a few days ago when i did a withdrawal from an exchange and that transaction took almost 12hours to get through and the fees were also around 6$.
So far i only did ETH transactions and therefore i really wasn't used to transaction times this long. So ETH isn't that bad after all.  :)

Well, $6 fee is OK when we compare it with the $15 fee! But I still think it's too high! When we compare Ethereum fees and Tron or BNB fees, and not just fees, also the speed of transactions, Ethereum is in a bad position here! I think if they wish to maintain their top position they will have to find a way to keep transaction fees low and high speed of transactions!
It's Ethereum, it's big... we all know that, but if you need to spend $7to send $10 it can be annoying! And people will search for alternatives that offer the same but with less cost and higher speed!

Dude thats insane tho! Maybe there's something you could do to lessen it? Have you tried asking some DEGO users or their team? Maybe they got a trick

After a week I successfully sent my altcoins to exchange with a much lower fee, you really have to check from time to time, the best time to transact, there were times that transaction is even higher than your profit, just lucky hours ago that I finally sent my altcoins for only $2.50 it really takes a lot of patients.

I have read cases of complaints against metamask fee these days , But 3,000$ for a single transaction ?
Damn forget it mate, this will kill traders if continues .

but, in fact GAS is so big these days, even people want to move to BSC. Well, maybe in the last few days GAS has decreased and is quite cheap, but based on the pictures that TS sent, it really is a very large fee. I also wanted to send coins, it's just that the fee at that time was more than $ 10. I think it's a high price for 1x transaction

it just looks really crazy. whereas for today I just made a transaction with $ 5-6 per transaction for ethereum tokens. I avoid transactions at night because most of the increase in transactions occurs during the day. when the morning the transaction costs decrease.

I didn't notice that, or maybe you are a lucky person who sends ETH at lower gas fees because every time I check on the fees, it is incredibly high and not really fair especially when you are just moving a small amount. Sending $100 worth of ERC20 tokens and we have to pay $9-10 for a fast transaction and so we don't miss the price, I actually do that. Yeah, really sacrificing but have no choice, we need to move it rather than waiting for the price to dump.

Gas price are still quite high at present and will probably remain the same for some time to come. Meanwhile, the Ethereum price correction in the last few days has not at least increased the gas price and as far as I know it is still in the median of 100-110 Gwei for standard.

Most bounty hunter complain about the high price of gas. This is of course because they quite often make erc20 transaction to the exchange where they sell the token from the bounty. Meanwhile, because of the high cost of gas, it will make them refrain from transaction if the total price of token or coin is not proportional to the transaction fee.

Yes, but only for day trader who may have small capital. If the total price of token sent is around $1000, then I think the $5- $10 fee is not a high fee.

As I said before, the DEGO team said that their smart contracts expired sooner than they thought, resulting in very high fees. Now they are thinking about changing their smart-contract to BSC which is claimed faster and has lower fees. If you join the DEGO telegram group, surely you know about this problem.

Yes, before this I made a transaction worth 1K USD with fees of up to 150 USD. I processed the transaction because it was worth 1K USD even though the fees were high and it took a long time to process. However, if the value is small, I prefer to hold it until the fees are normal.

Oh my GOD, its really very high. Unfortunately The gas fee  is too high and we can't control it. The problem is with everyone. It's not like it's with anyone, so we have to put up with it. I hope this issue will be resolved in the next few months

It’s gas fee? I am not sure about it. I see 1 eth+ transaction fee for first time. I am checking ethereum fee almost everyday from https://etherscan.io/gasTracker .  I never seen 1 eth+ transaction fee. I think, That's platform complete more then one transaction for confirming full process.

This is one of the most requested fee for a transaction I've ever seen. I hope you didn't do that transaction. :)
ETH network fees are too high for months and they do nothing about it. Clearly they are taking that advantage and miners make money more from fees than mining itself.
Luckily we have new networks that have very low fees and that make people to realize they don't have to rely on Ethereum only. Market is too big and healthy competition is good for whole crypto-currency community.

On one side of view, ERC-20 tokens are unable to send or move for its transaction cost. But we are all here to take opportunities from every situation. We shouldn't transfer ERC-20 tokens when the price of Ethereum is so high. During the dump price, your tokens are sent to centralized exchange. Time also defend, send tokens during the 5AM-10AM of UTC 0 time.

Im sure that's a bug from metamask, the smartcontract itself will never ask for the gas fees but this is still possible. The dego developer already made awareness about this and almost all hunters were not able withdrawing their doge token. It looks like this is not about metamask that was doing the wrong calculation but the smartcontract has been giving wrong information about the calculation for the gas based on the network's data.
Sometimes metamask was also doing the wrong calculations for the gas fees too.

gas fees these days are really really expensive, i also cannot sell my morph because of the gas fees,
so for now, i think i might have to hold my morph, and expect that morph can go to $3 again,
lets hope that the gas fees will be decrease soon

I usually make transactions during the day, usually at this hour the gas fee will be lower because the trading activity is not that massive in the market.

Yes, it's not normal unless you want to have fast transaction and have large value of asset to transact. Gas fee in ETH is really crazy and I try to send some $100 worth of ETH and the gas fee is almost 20% of it. I ended up converting my ETH to Binance Chain so that I can have less gas fee to use to transfer my token. Ethereum need to fix it and need to lower they transaction fee and even in our local platform increase their transaction fee not even increase the speed of the transaction.

I have been informed couple of sources that in the early morning gas fees comes into reasonable. I have not encountered any transactions yet but will try this asap as I have some erc20 token to cash out. I just waiting a perfect time to minimize the gas fees.

i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this

The reality is that if you are dealing with one coin that as a very low LP that means you could have as much as 3000 dollars and it wouldn't be impossible. You are not just paying the gas fee there, you are also paying the swap price as well. If this gas fee is not for anything like that, like it is only for sending money somewhere, obviously it is just a mistake because sending money somewhere never costs that much no matter what you do, even on the peak points it never was anywhere near those levels, so it means this must be swap.

Otherwise it makes no sense, and in swap there is no limit, you could pay 100k as well for swapping, not that anyone would agree, but it all depends on the coins ecosystem and if it is good it is good if it is bad it will charge you a lot, as long as there are providers the price will get lower and lower so that someone wins, but when it is few they make up whatever they want.

No doubt the Ethereum network is super-clogged as of now. There are a number of projects that require the execution of smart contracts to distribute earnings, tokens or the execution of DApps that are currently thinking on moving to some less cool and distributed networks to others such as the Binnance chain that are private but terribly gas and cost effective.

We can't do anything about high gas fees. Vitalik said that he will launch Ethereum version 2.0 to solve this problem, but until now we haven't heard anything about Ethereum 2.0.

Everyone arewaiting for this since the founder of this project gives this statement, the high gas fees are really hurting everyone
who are using ERC chain.

Hoping that after this update version traders and investors will see much competitive gas fees, it will allow them to transact again
with their supported project inside Eth chain.

This is outrageous!!
Are you just sending these coins from one account to another or interacting with a dex because personally I have had issues with uniswap and paid more money on gas fees than the value of the token....ever since this happened I have avoided these decentralized exchanges. Our ethereum devs need a lasting solution before this gets out of hand

The team behind ETH said it's gonna get resolved in july, but it's always good if projects or people starts using other blockchain whether by wrapping coins or tokens since it's gonna lighten the burden since the traffic gonna be spread out therefore maybe before july the problem resolved itself but honestly it's indeed ridiculous but right now the fee already going down.   

They are not normal. The fee has declined form the insane levels we had for most of February, but they are still quite high. According to Ycharts, the average transaction fee as of 5th March 2021 is $14.05, which is almost 100 times the level we had one year ago. However, according to Etherscan, the average transaction fee stands at $2.43 for high priority transactions. Don't know which figure is closer to reality.

That is crazy. Just 2 days I was trying to send 215 USDT from one of my exchange wallet to another exchange and the ERC20 withdrawal fee was 17USDT though luckily both the two exchange also have the option for TRC20 wallet address and I chooses that for the same transaction for a 1USDT fee. Look at the difference. This same issue have not allowed me transfer same usdt to another exchange I also wanted to use but that didn't have the TRC20 just ERC20 and i ended up not doing that transaction cos that ones fee was 20USDT.

Perhaps it is best not to move tokens if it is not necessary. I hardly use ether anymore at this time because of the high fees. I have turned to Dash and lately bnb. The fees of the ethereum network are already unsustainable.

There are some new networks that are offering low fees. I intend to sell my ether and buy some altcoins like AVAX. It has low fees and I can make fast transactions, it also has a DEX called Pangolin to play a bit because while I wait for the ethereum fees to go down I will have to wait a long time.

https://pangolin.exchange (https://pangolin.exchange)

Gas fees tend to soar the moment you need to make a transfer the most. To keep an eye you can use Ethgasstation  (https://ethgasstation.info/)which will give you an indication of a realistic minimum depending on how much of a hurry are you really in. Most of the times you do not really mind if it takes one minute or one day - at least I don't - so take a look at the probability of getting your transaction mined to at least not paying for what you don't really need.

Different coins and actions have its own gas quantity and and sometimes they are really crazy. Unfortunately there is no solution, all we can to do is to wait. For now gas is already 80-100, which is quite cheap comparing to 300-400 like it was a month ago. Ethereum 2.0 willn`t be deployed soon, so I don`t see any real solution for it

Yes, most platforms now deal with gas fees by using binance smart chains. BSC is claimed to be faster and has lower fees, and I admit it.

Well, brother, this is not the fact transaction can cost as much as 45$ for now but I remember those days when I was paying 0.00015ETH per ERC20 token transaction. oh! what  good days those were ETH= 250$ and BTC arround= 7800$ to 9000$ now I can't even think of it.   

yes with the future terms of absence might trader gains with chance as managing token transmission with least on sums with the network fee as trader to picks time as best to collect returns with the trading while expecting to pay enough with the transaction from exchange to personal account.

Obviously the old users are not complaining much. I got most of my ETH in 2018 (from various bounty campaigns), and I am not gong ballistic over the transaction fee. But for the new users who have just started with their bounty campaigns, this is a serious burden. Many of the bounty campaigns don't pay. Even those which make the payment, provides only $20 or $30 per participant. And in case the gas fee is very high, the participant need to spend almost all of his reward in moving the bounty tokens to the exchanges. In the end, he will be left with nothing. So I would say that the high fee levels are disproportionately having a negative impact on the noobs.

You might adjust the highest peak in the gas fee dude, Because I most often used Trust wallet were every time I made a transactions
I am the one who adjust the gas fee depending if it is slow or if I want fast the gas fee is higher for sure. You are insane if you choose that amount were your the one who set it up to make it happen, besides it is our options only if we like that and you are stupid or crazy if you
choose that transaction fee in the gas anyway.

No individual determining the gas fees, only the users are pushing the fees more, you think that ethereum network is not usable but still people are making thousands of transactions everyday that is the only reason why fees are not coming down. Users need to hold a bit to clear the congestion but people are more towards missing the profits so they are even willing to pay $40 for a token transaction.

Absolutely you are correct sir, this was a real burden for the newbies, in fact, even the old members here in the forum are going crazy about this transactions charge. But others still hoping the fee will get lower in the future. But there are other options for us to avoid this high fee actually, just try to make research on this thing anyway.

it made me cringe to send tokens to my wallet using the ethereum network. and if you see the amount of money that you have to spend, it could be that the number of coins that you will send is a large amount

That's influenced the most, as long as the users continue to use this chain even it's requiring you to pay high transaction fees,
miners will continue to charge it to prioritized your transactions..

If only there's a way to stop those people who are rushing trying not to let go the opportunities that they have in selling their
assets or buying to support the projects.