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i have sent some erc20 token to binance. now almost 5 hours still going. am really fed up with this.... bsc is the best and trc20...  eth sucks

Yeah , Ethereum blockchain really sucks to transact on at the moment, ive also had my erc20 transaction stuck on several occasion for more than 9, 10 hours even some for 3, 4 days, if youve had yours stuck for just 5 hours and you already complaining, then you arent seen anything yet, ive personally made a declaration to do all i could to stay away from ethereum blockchain for the time being, there are so many erc20 tokens i was supposed to buy on uniswap but cant due to the high fees and possiblity of transaction getting stuck.

Not just ETH, my Bitcoin transactions are still pending for almost 12hrs now and I think the traffic is really huge right now since everyone is trying to exit the market as soon as possible. The whole market are very congested for the past 24hrs, this should normalize when panic selling was done already and I’d hope to receive my funds as soon as possible.

maybe you need to increase the gas price
but it will definitely cost a fortune.
or maybe your network? should have sent a maximum of 1 hour.

have you confirmed it is the same ERC token?
Have you confirmed that you provide sufficient gas fees for the transactions you make?
You try to check the status on your Etherscan, whether it is failing or just pending because it is waiting for insufficient gas costs.
determine the problem first, I'm sure you will get solutions from other members.

That was a new norm in the Ethereum Network nowadays and this problem will not stop until Ethereum 2.0 development is not yet fully implemented the Ethereum Network Congestion resulted in very expensive gas fees that affecting us small-time Ethereum Network users nevermind those whales they can take care of themselves. IMO, the only temporary solution is to migrate in BSC or in the Tron Network in the meantime until this problem persists in Ethereum Network. 

Expect it not to cleared in the next 24 hours, Lol, just kidding, 5 hours and the fee is already very high, similar to what bitcoin is experiencing right now. And that is the main reason why we will hear projects shifting now to BSC because of ETH's scalability issues. And unless is not being mitigated by ETH devs right now, they will lose a lot in this battle.

@bison - it's pretty clear that ETH network is congested, and you have to pay a lot in order for your transaction to be cleared. Not good for average joe like us.

It's not easy like you said dude if he will be replacing his transaction with a new one and he will be losing his fees and this time the fees are totally nonsense and i guess he should pay double or even more to increase the gas fees.
It has nothing to do with the network because ethereum network is getting congested agani and again. People are feeling tired with it and the users just make the miners become rich person.
That's why people started to leave from ethereum platform to the another one like BSC.

Yeah, luckily there are other coins that can perform much the same function that ETH does and TRX is just one of them.  NEO is another and there are probably a dozen that I'm unable to recall since I don't own any of them.  This is the first time I've heard of the ETH network being congested.  Usually it's bitcoin's network that gets bogged down to the point of unusability, not ETH.  I don't know what's going on, but it probably has something to do with all of the speculation that's been going on for the past couple of months.

Hopefully this will all rectify itself with time, and hopefully sooner rather than later.

If the developers of the ethereum blockchain did not decide to update which was the problem from last year I don't think many projects may migrate to Binance Chain. that is very possible and Binance Chain also has a wide range of products with large market support as well as more transaction fee friendly ones.

That's what makes a lot of traders and investors have a hard time when they want to send their ERC tokens to exchanges. an overly busy network keeps transaction costs up. when we determine the small gas or not in the running costs I think we will experience the same problem.

People are trying to get out of the market and they are simply making miners to get rich, anyways it's wise to swap your coins for USDT and when trying to make ethereum transaction right now make sure you send with high gas fee

Ethereum is getting slower and it really doesn't have the strength to withstand these transaction tests. I am surprised when people accuse Binance Smart Chain of dishonestly enticing users and advise them to gain popularity in other ways.

And what remains to be done when conducting operations on the Ethereum network turns into a real torture. Did you notice that the news about the July Ethereum update came only after the massive transfers to BSC were recorded?  :P Perhaps the ETH developers realized that they were at risk of losing their reputation.  :D

That's why the massive exodus from ethereum to the BSC is still happening right now. I have been leaving ethereum ecosystem since a few months ago due to the non-sense fees and it looks like so many people were starting to be frustrated caused by the fees that will remain forever until the next EIP will be implemented.


When EIP1599 might be rejected by the miners and it could be a disaster, I hope that miners can understand it and they will be updating their client. We will see that what will be the result in the next months.
I hope that will make the small traders back again.

It could be due to using less gas or gwei because my transaction to binance has gone through smoothly so i do not think we can blame anything else while transfering to a centralized exchange because i have no problems whatsoever so maybe you need to re-try with better gas prices.

IF you do like for your transactions to push or confirmed fast then pay up fees/gas even more.You would really be prioritized but if not then you would really be ending

up on that long waiting game until the entire network would subside and those low fee transactions would be processed.We cant even deny that Bitcoin does have the similar problem.

When it comes to transaction confirmation then nothing beats out with those known platforms like TRX,EOS etc.

It made me trade only the coins that are on Binance. I had same experience like a month ago. There are some other blockchains that are going to be big hope a lot of coins can switch to them in near future.

I am really fed up with ETH as well, all jokes aside I want ETH to drop to under 500 bucks once again, even under 200 dollars, not because I hate ETH but because I want miners to realize that they can't take control of ETH like this and I want those miners to start losing money so they can leave people alone.

I want eip 1559 to happen, I want eth 2.0 to happen, it is enough already that miners have been screwing people over. Their defense is "well people are paying us, should we say no??" and YES , you should say no, that is not how "free market" works, if you do this in the end you are losing long term customers and places like BNB will pass you very soon, look at pancakeswap being more used than uniswap already, if in the future ETH becomes 1000 dollars while BNB becomes 3k, you will know that miners took the money for now and lost it in the future.

Better to pay it at a higher fee, then you will expect a less than 5-hour arrival.

I really think that this congestion will take longer to stop. We can expect an instant confirmation this time unlike before. So many traders, buyers, users appear this time, transactions boiled up high and the number of miners is not enough to cater to all of these things that is why we experience long delays and might possibly it takes more than 24 hrs.

i think you already used bsc and trc20 coins before because you rate them good  but why would you still insist yourself into something is buggy like eth, ah i know maybe this was your last coin and after this you are planning to migrate from other chains/platform but anyway how much fee did you put on your eth transaction earlier .

 your fee might have been pretty small than what is the recomended fee now that is high and high fees suposed to process alot faster .  all you can do now is to wait

With the situation we are seeing now, we can wait for the moment when the most dedicated followers of ETH will abandon it in favor of the BSC. Indeed, the impossibility of working on the Ethereum network is already beginning to enrage.

This is not good for eth if they will not implement asap the needed eip 1559 as many believe its the only solution for now to this huge transaction fees erc20 token transfer currently costs you 15-40 usd depending on how fast you want it only rich people can afford this fees small retails investors cannot take this kind of fees anymore just dont use eth for now.     

Every network will be in the same way if the network becomes really congested so it is now happening in ETH, so users who wants to send ethereum and erc20 tokens need to set the gas fee as required to the current traffic on the network to avoid waiting for hours.

It should be expected that ETH is very much congested. But days have passed and I think OPs transaction has already been confirmed.

Soon we might see that. But everyone is also waiting for the 2.0 that's why there's no abandonment yet of ETH.

It happens when you do a transaction in eth network and also if you use low fees it will takes hours to confirm in your wallet. This problem of eth do exists even before that until didn't resolve. Others loves bsc network because of the small fees but when their is a massive users I think this could happen a congestion just like in eth network.

Unfortunately we are in a situation where ETH will not recover all by itself, people do have a "free market" situation where as long as you keep paying tons of money for transactions, you will keep increasing the price as well, and people are idiots who accept paying more than needed instead of waiting so the price keeps going higher and higher, or there are rich people who do not care about whats going on as well.

It means in the end we are living in a free world where people are free to spend 200$ on transactions if they want to, and that is not going to solve the problem, they are not going to just suddenly say "if we all stop for a while, the price will drop again" and this is why someone else has to take control of this. That is where eip 1559 comes into play and by this July it will be cheaper again and ETH will be just few dollars to move money around.

Everyone is facing the same problem and the depressing thing is that some tokens can only be moved on the ERC20 which means you either keep them which might mean loss of value on the token, either you send it with unwantedly high fees or just wait for days to confirm on the blockchain.

I really pray new projects move to BSC or other chains like TRC because it will make space on the ERC20 and we can finally move our tokens and once I sell off my tokens which I hold on ethereum, I will never again buy tokens on this chain. I think with more tokens moving on either chain like BSC it might slow them down.

Unfortunately this is what we have to endure as long as we have some erc20 tokens to transact, eth network has been a pain this days and I really can't wait to see a lasting solution from the team because if this continues to persist am afraid many people will suffer even more than we already are.

In the past few days, I also experience the same. Yeah, I keep waiting long more than 5 hours but still, it won't arrive and confirmed in the blockchain. Until such time it finally says, FAILed (out of GAS). But the problem is that my balance still deducted and I need to send for another ETH to increase the balance for the Gas Fee. Really disappointing but I need to do this as I need to catch the high price where my token can be traded.

Really unfortunate, but that is the situation now. If we can't afford to pay high fees, then have to let it stuck on our wallet.

Or you can wait patiently and look from time to time when the gas is much lower you can use this tool to monitor the gas https://etherscan.io/gastracker or log in to your wallet or MEW, I have done it and it took me a week before I was able to send my coins to exchange, or you can wait July when Ethereum will try to resolve it.

increase the gas fee on your transactions mate
by the way, if you want to cancel your transactions, i think a trick on this article will help you my friend
https://info.etherscan.com/how-to-cancel-ethereum-pending-transactions

The fees are a lot this time and others can no longer take it. Increasing the fee is really the solution to avoid stuck transactions but if it's a lot, you will feel bad because it shouldn't be that much.

Many days have passed, I think it's already confirmed unless he'll wait for it to be dropped by ETH network.

Devs should release eip 1559 without asking anyone. That would solve so much things going on with eth.

The question is, how can you increase if the fee if it will be more than the worth of your tokens transferred? Not really practical these days to transact under eth network. Better park for now. However, this is bad for those token holders that wanted to trade their tokens before the price deep dive in the market. I really hope eth will address this prob much earlier than their target timeline.

The dev wants implement EIP 1559 but the problem is miners are against it while we know that this solution can be activated when there will be an agreement between all of miners to upgrade its client. A very difficult way for the users of ethereum platform to see the implementation of this solution.
Miners are only taking the advantage from the high fees

of course because at this time etherium began to decline rapidly and this made a lot of transactions that occur in etherium. because there are so many investors who want to buy because they are down and there are those who want to sell because they have already made a profit from their investment.

Don't be too upset, because you are not the only one who has problems with ERC20 tokens transactions. Since DeFi projects hype and the price of Ethereum continues to rise, in addition to gas fees are getting higher. The transaction process is also taking longer, indeed the current alternatives
are BSC and ERC20 which can provide cheaper and faster transaction fees. We are all waiting for ETH 2.0 to be officially released soon, which can solve
the current high gas fees. Therefore, I decided not to withdraw the ERC20 tokens that I have now from my wallet, because of the high gas fees.

Not practical and in that case, you just have to wait until the network calms. If it's more than your token, you really won't have a choice but to wait until the dust settles.
For big transactions, you are delighted to pay a higher fee for your transaction to commence. Whilst for small amounts, you just have to wait until the fees get lower.

if you do not want to spend more money, of course, waiting is the better choice.
but ethereum GAS cost movements are actually moving quite fast. sometimes we need $ 6-9 or more for each ethereum token transaction. but at any given time we can see Gas dropping rapidly to $ 3-6.
but what I see is, even though the transaction fee goes down, we still have to have a balance of at least 0.01 ETH in our wallet to send the tokens we have. if we don't have it then an error will occur when we enter the Gas cost. or even when delivery occurs, our eth will only be lost when the transaction fails because the gas used is too small.

And that's why as you have said it's better to wait, the solutions are on their way, and the developers of Ethereum are already working on it to solve this massive fee problem that Ethereum is experiencing.
Before doing a transaction, make sure that you have enough fees and you're not paying more than the token that you're about to send.

You can read it through this link https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md
As far as i know that will give the limit for the high and low transaction. There will be a lot of things to be implemented on the EIP1559 and you can read the advantage of it from that link.

They should have to come up with a solution for this situation, otherwise, people will stepping away from ETH and ERC20 tokens. Huge fees are now is a concern for everyone, small investors and low capital traders can't move. Huge fees plus delays, it absolutely sucks and I don't think we need to suffer that, we'd rather have to find another way.

Might people now are hoping that the ETH price will drop and turn back to $100, $200 where the Gas fee is low and favorable for everyone. We are not happy anymore at this time.

Now the fee is 100 gwei per gas which is quite "cheap" if compared to when the network traffic is on its peak but honestly it's far higher than other blockchain.
But to be honest, we here have no time of waiting ETH to increase its TPS and many people will try to find alternative to ETH but it's not gonna make people leave ETH because if they did, the fee will also decrease meaning the problem gone.

I hope ethereum team will fix this as soon as possible, many new and old projects are ignoring ethereum blockchain for bsc right now and their numbers are growing, this is indeed a bad news for ethereum, high gas fee is affecting it's growth and adoption

Wonder why they are against it. I haven't fully gone through the proposal (EIP 1559) but it seems they are against because they probably benefit more from the current fee system (which clearly have problems) at the expense of the whole network/users.
Wish they have better solution that'll be acceptable to all network users/participants. Consensus should always be inclusive on truely decentralized system/network

The reason is pretty obvious, with EIP 1559 the miners fee are going to be reduced significantly, that's why the are opposing. It's boils down to business, that's why if their revenues are going to be cut, for sure many are going to raise concern about it.

So the revenue goes like this, from Miners->ETH stake holders. Millions if not billions have been generated by the biggest pools and they want to continue so this EIP 1559 proposal might take years to be implemented.