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So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

it's been a long time since Gas Fees on Ethereum are very expensive and very joking,
I'm really surprised even though Ethereum has also gone through many big events like Ethereum 2.0 and Ethereum Shanghai,
but they really can't make Gas smaller, I really disappointed.

I thought the so-called ethereuem network migration from proof of work to proof of stake will solve their network problems and to hear that ethereum holders still have to pay high gas fees for transactions is a show off of how the so-called proof of stake propaganda was a failed experiment.


I guess we all have to stick to what we are used to Bitcoin pow is the bee because I can't imagine anyone having to pay such high gas fees to send Bitcoin, and for the fact there have been so much media stunts spreading the falsehood of the proof of stake being the replacement for proof of work which have proven to be lies and false hold.


With Bitcoin green energy and renewable energies, bitcoin proof of work energy consumption can now be converted into some other eco-friendly products that can help provide other resources needed to propel another sector such as agriculture.

There's a small edit button that people often miss when you send eth.

https://i.imgur.com/U4xuv5O.png
( Pic source is a screenshot crop from some youtube instructions so don't let the price fool you. )

After that comes a window with all kinds of settings. You can set your gas limit manually or choose from advanced options or just click from 3 send choices: Low, Medium And High priority. If you don't know what you are talking about it might be better to choose from those 3 options.

I admit that edit button is too tiny and i didn't click that before either.

Have you tried using Trustwallet to import your address before sending out your coin?
Though I think that could be very much better than Metamask wallet, if you try to adjust your gas fee I don't think it will increase by itself or possibly check the gas station to know to send out transaction because there are sometimes sending out erc20 would cost you lesser while sometimes it's would get worst of its price. This is why I dislike ETH network rather than bsc.

That's why most people prefer to bridge their ethereum to the L2 blockchain like arbitrum. I paid $17 for a single transaction in ethereum to bridge from L1 to the L2. This blockchain is crazy as fuck.


Controlling the gas will not help you a lot in this case. If you continue by paying less than what already showed in https://etherscan.io/gastracker

Your transaction will have no ETA to be delivered. it's caused by your tx waiting for the gas fees to decline first.

There's no way to lower the gas fees. You will have needed to pay the recommended fees or your transaction will be stuck for so many hours. I recommend you use L2 blockchain like arbitrum or optimism if you wanna using ethereum. It cost even less than btc transaction.

You can use Orbiter bridge which saves you a lot of fee. As of writing, you can save about $9 to $10 with Orbiter.
https://www.orbiter.finance/?source=Ethereum&dest=zkSync%20Era

After bridging your ETH from ERC-20 to Zksync Era, you can use https://syncswap.xyz/swap with estimated gas cost is about $0.5

You're supposed to know that Ethereum blockchain is high unmatchable and expensive point, I recommend using TRC20 because in most daily bulky transactions, there's absolutely no comparable one except TRC20. Most people are acquainted with the cheaper network because no one would lost more coins all in the name of network charges, it's a very uncomfortable condition to sealed our charges knot with Blockchain that's expensive. Ethereum gas fees is very expensive compared to TRC which is more better and cheaper.

For sure the OP knows that, and that's why he is asking if there is some kind of control just like in Electrum wherein we can chose how to pay and how much for a single transaction.

And in the much touted upgrade of Ethereum, it's supposed to solved the gas fees but it didn't. Most likely everyone will fall for this huge transaction specially in the bull run.

Bitcoin is able to solve its problem to reduce expensive transaction fee on Bitcoin network to lower fee in last two years. It is more cheaper after we have good adoption for Bitcoin Segwit and Lightning Network.

Ethereum failed to solve its issue and after some upgrades, that chain always costs its users very expensive fees. It would become more hilarious expensive when many altcoin projects which use smart contracts on ERC20 chain have their hypes in next bull runs, in altcoin seasons.

today the price of gas is very high and this is very bad for the withdrawal of earned funds, since a decent part of the money must be paid for the withdrawal fee, those days have passed when the price of gas was small, like in 2017, when you could earn and pay a miserable price

I wonder why do you use Ethereum despite high transaction fees? Aside from the hype leftover, I doubt Ethereum has any advantage over its direct competitors at this moment.

Likely yes since its said whats needed. Or at least wait the network to cool down and wait for it wear of first.

Did you converted your eth to btc using metamask? Maybe thats not a native btc or this is on cex?

No. Unless you use a dapp or bridge that have free fees but thats rare and still need to use eth for fees. Cause $0.5 wont any be used. Maybe on L2 likr arbitrum or optimism.

If you think nine dollars is bad, you wouldn’t believe the prices people were paying for the chance to mint NFTs during hot drops. I believe fees were sometimes as much as $1,500 just to buy an overpriced NFT. Pretty insane looking back but people were lining up to do it in the hopes of a quick flip to make some money. During the peak, NFTs weren’t even worth the fees to get them.

Indeed, gas fees on the Ethereum network can be high, especially during periods of increased activity on the network. However, it is important to understand that the gas fee is determined by the market price and is set by users who participate in mining and transaction processing. Gas fees can be reduced by choosing a lower gas price or by using transaction optimization tools such as GasNow or ETH Gas Station.

Bad or not..I think nobody can fault ETH for failing to build a community. They have followed all the marketing ploys needed to keep the blockchain smart-contract game going. I call it a game because thats what it is right now before, if ever, it evolves into something serious in terms of delivering actual value to businesses and the people.

The NFT craze was something else. I don't know anybody who paid 1500 as fee but can confirm that I paid significant fee (20-50 USD per transaction) buying a few NFTs myself back in the craze. Don't ask what happened to the value, lol.

ETH fees are huge indeed. I was using TRX instead of it, but its fees are becoming worse too. LTC is a good option with low fees and fast transactions, but it doesn't have tokens on its blockchain.

I thought this problem has long gone but it seems like they can't do anything about it and they don't want to do something maybe because there are only small users who complain and they don't get any harm when those users will gonna leave and stop using their platforms. That's why their other competitors are now working to gradually reduce their transaction fees hoping to attract more users to use their platform instead of trying hard to take the heavy load of ETH's transaction fees.

just use the second layer like arbitrum and optimism, it's convenient since it requires eth for gas fee same with native eth blockchain and majority of the token you ever need are there, there's reason why these l2 exist that is to add convenience of using ethereum and avoid high gas fee.

I remember earlier I myself set up the price for gas in the Metamask wallet. And now for some reason I can't. And sometimes it doesn’t make any sense to transfer tokens to the exchange because of the gas price, because some tokens cost the same as the commission. Therefore, I abandoned this case and transfer only if the amount exceeds $ 100. I thought that all these network updates would somehow affect the price

This has been the issue of ETH, and this is also why other projects are trying to sold this like the recent one which is $ARB, their fees are more cheaper compare to ETH itself. Well, this is the issue of ETH since then, they are claiming that they can solve this on their previous updates but until now every time the traffic increases, their fees increases as well. Always be mindful with the fees to avoid any costly mistakes, gas fees can pump that much.

ETH tries to solve this issues many times but still they can’t figure why the fees are spiking that much while other networks can still handle huge transactions at a cheaper fees. Their updates probably not meant to solve the fees issues, better to look for other network or alternatives before making any transactions.

I remember there’s a lot of incidents of paying millions of money just for a fee and that is under ETH network.

It's just your thoughts and the mistakes of many others regarding ETH's POW to POS migration. The ETH team did not mention that gas fees will drop after the POS migration, and they have said that gas fees will be resolved soon with future updates. I don't know exactly which update they mentioned and when it happens, but they never said when switching to POW, the gas fee will drop. POW or POS both have their pros and cons, none of which is perfect.

ETH gas fees are really disappointing.  Now it takes much less fee to transfer tokens than before.  When ETH's price was 3500$ it cost up to 30$ gas fee to transfer tokens.  It feels really bad to transfer tokens with so much gas fee.  I use Token Pocket wallet instead of Metamask Token pocket charges the same amount of fees.  However, Token Pocket Wallet can be conveniently used with separate fees for slow, normal and fast transactions.  The thing is really weird ETH gas fees are higher than Bitcoin

The high transaction fees of Ethereum are a topic since i have started to be interested in cryptos, which was back in 2017. Every now and then that topic pops up again, when the market as a whole is moving heavily and a lot of funds are moved. At the moment the gas price of ETH is at 90 gwei, which is just way to high. A normal swap on Uniswap costs around 30$ at the moment, so basically you would have to do swaps of at least 200$ or more in value because otherwise you would pay more than 20% of the transfer value just for fees this is just crazy. We can only wait for the market to slow down again and do our swaps or our other stuff on the ETH chain then.

That's right. It is always invited to think that if we are going to make transactions related to ETH gas fees, I can be high because of network congestion and this can frustrate anyone. Another option is to use a Layer 2 solution, such as Optimism or Arbitrum, which can reduce gas costs significantly and one more thing you may consider using another wallet that supports lower fees, such as Argent or Gnosis Safe i.e. importing your wallet into a new wallet by exporting private key or seed phrase from Metamask and import it into a new wallet.

eth gas fee has always been a big problem, therefore I prefer to use the BSC network in making transactions, for me BSC has a very small and stable gas fee

Possibly this is the solution but I haven't used metamask for long time and even when I use I generally use the high priority because I don't like to wait too long which makes me frustrated. Anyhow even with ETH2.0 the problem still exists which is kind of worry for the future of ethereum because the alternatives are offering lower transaction time and fee but decentralisation is the only difference if I am not wrong.

Seriously this high?
We all know that Ethereum gas fee is always crazy, but I thought that it is during the bullish era. While right now during bearish era, I thought that Etjereum gass fee has decreased. I checked on Ethgass station and this is crazy enough. Some days ago it is still low. But right now, it has been mpre than 80gwei, exqctly rising up crazily again.
So, the Ethereum development has not changed the high fee and not the solution.

The high gas fee is a thing to worry about and it's making some investors to migrate to the arbitrum network. Sometimes you might be charged as high as $20 as network fee to buy an ERC-20 based token. I really don't see any difference in the migration to Ethereum 2.0

It's been already Ethereum problem from the start, since they really got a lot of transactions and many upgrades they did for lowering the transaction fees but seems like it does not solve the Ethereum problem. Right now $9 is nothing when we compare at the bull market begin where there will be more transactions out there

their fees are ridiculous and will always be like this for the upcoming future, executing smart contract definitely gonna require far more than just sending eth, the only way to bypass this is by using optimism, forget about using eth, if you aren't rich enough to spend $10 for fee alone, forget about using eth at all.

since the OP need to use eth network to transfer his funds, what he can do is wait for the gas fees to lower its fees. if he is not in a hurry, he can monitor it from  the  gas tracker site  (https://etherscan.io/gastracker). he has no choice for now as he wants to get out his funds. it has been so long that gas fees are problem. but i've seen that it went down before. so he should monitor the site to know when is the best time for him to transfer funds.

One of the reasons on why i did leave ETH and converted out most of my holdings on BTC and even trying out to invest on new projects which are based on BSC chain because i cant really that take on those high
gas feed whenever you do make some transactions which is something i dont really like considering those huge cut on fees alone but if you are somewhat a whale then these things wont really be bothering you.
There's no way you could be able to reduce up those fees, yes you can do literally but making up confirmation or pushing up a certain tx would really be taking too long.
You would be needing to set on whats the current market suggestion which its always been high.

Sending Ethereum trough metamask automatically setting with highest or faster transaction and have to pay bigger for gas fees, check this picture for calculating how much gas fees how to pay for sending ETH, exactly current gas I check not recommended yet sending ETH to other wallet or coins with ERC20 network because ave reached 87 gwei.

I don't sure its exact price gas fees because could be $9 for sending fees transaction, but I don't use metamask wallet for receiving ETH right now and prefer use exchange wallet because I know gas fees unpredictable and never down under $1 for sending to wallet.

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

even at time, when the gwei required rise around 40 you'll see even more ridiculous fee required for just swapping some token. eth is just for dirt rich people, it even makes me still wonder why eth still being frequently used for airdrops in which in just claiming you already being required to spend $25 for nothing.
the presence of the optimism and arbitrum, even the upcoming second layer does nothing to the overall current fee instead they are quite literally become prominent guzzler of the fee through their bridging smart contract in which in this case even increase the current fee further. these whole concept of 2nd layer is ridiculous at its finest.

Crazy fees again are with Eth and not just it but also in the TRX network. These altcoins are crazy and I think that this won't be stopped even if another coin emerges to have these problems solved.
(https://ethgasstation.info/) tells that it wasn't that much but I guess the accuracy of this website has been gone at least for now. I don't know where its API is getting all of those fees to be said as low currently but it's visible that ETH's gas fee being asked now whether in low priority or not, they're just too much.

Not just on gas fee issue  on making transaction but also in investing into eth chained projects which do really sucks because you couldnt really make out some buys just because you are really that
minding about those high fees which is something that not even that good to proceed on. It is really indeed a joke and i thought with that recent update on ETH did really be able to resolved out these
huge fees. This is where i do only see ETH con's overall where people do always have that kind of complaint when it comes to its huge fees on every
transactions that had been made.

It's freaking worst when you are doing a ERC-20 transaction. From Metamask, I am sending Ethereum to one NFT game wallet which is also Ethereum. I am spending $5 just to send it and when I saw I have $10 worth Ethereum change, I want it back to my Metamask. Sadly, it failed, and it cost me another $5 so I tried again even though I know there's almost nothing that will be left. To my surprise, it failed again. Damn, this network is really getting people nuts with all this high fees. It's not even a bridge that will be exchange to another coin. It's from one Ethereum wallet to another, just under an ERC-20 project. After that, I didn't support any NFT that only accepts Ethereum. They are the worst when it comes to tx fees.

it seems that site you mentioned in determining gas fee has been quite disfunctional, the thing with eth gas is that it's all estimation, not even the blockchain know what's the gas fee in the next block would be at minimum requirements, so it's all just guessing but seeing the trend the gas fee has been really high, swapping now take your entire fortune instead of taxing you 1% of your assets on top of additional fee from eth itself.
if seeing from the current statistics, it seems nft platform are the ones that caused this massive gas fee spike, i still wonder if nft is still trend because if it isn't anymore, how the smart contract that revolves around nft are still being very active. if someone wanna use eth, should use it at certain times like midnight where the gas at least reduced unlike in high traffic time.

I honestly think that it is a temporary thing that will pass soon. I know that spending nearly 3 bucks per transaction, and as high as 20+ dollars for each action taken, that seems like a lot, like approving a new token? That can go as high as 40 bucks depending on the moment. You think this could be sustainable? Obviously that's just a period, and as soon as people slow down and we get this clog out of the way, it will go back to transactions as it happens and the price will fall. It just happened to have a moment when there were a lot, and that caused a clogging in the system that we haven't fix yet, but that will with time and we will be seeing much cheaper everything very soon, this current fees can't be sustained for too long.

This is an already known issue of Ethereum for years now. Scalability is really the issue right now for Ethereum and that's why the birth of layer 2 networks started and it will help to scale the Ethereum network.

To be honest, Ethereum for me right now is only for whales. If you are just a person who want do use Ethereum using small funds, you will eat by these high transaction fees.

Hopefully layer 2 projects will have to solve this. People will have to afford to lose expensive fee from bridging their Ethereum on layer 1 to layer 2 and after that they can enjoy cheaper transaction fee. However, a biggest threat is security of bridges which is unknown and from past stories, hacks, we can see cryptocurrency bridges are favorite targets of hackers.

Development of layer 2 projects is good but we also need to see they spend more resources to improve security especially for cryptocurrency bridges.

It is a hook which was used by Binance and CZ to shill their Binance Smart Chain in 2020. Ethereum is for the rich and make you poorer. Binance Smart Chain is for the poor and make you richer.

Can't agree more, the TX fees makes it impossible to massify crypto in emerging economies, not even talking about the extra resources needed for that.

In theory the fees should be lower after the changes in mining mechanics, right? But if that happens, then what's the point of all those L2s?

Welcome to the world of crypto, where you have to pay more to transfer your funds than what you actually received. Looks like ETH fees are taking more money from you than the IRS. Have you considered putting your crypto in a piggy bank instead?

it's indeed a joke, you could say paying $35 for just a transaction is ridiculous considering other blockchain only requires measly $0.1 and yet ethereum with its classic gas fee will always require something so high, even though many kept saying that there are L2 for alternative and other blockchain like BNB but lets be honest here, those blockchain in general aren't really active like ethereum.

As far as I know, since I've used MetaMask quite a lot in the past, they have the option to edit the gas fees for every single transaction that you initiate, and it depends on the network congestion and the gas amount you select about how much time the transaction will take to get confirmed, it will obviously take more time if you reduce the gas fee.

Paying $9 for a $70 transaction is too much, and you should have first researched or asked about it then you should have done it and you could possibly save a few dollars from the gas fees that you've paid.

So this was still a problem? I thought it was fix already by the time ETH upgraded their system but there must be some improvements and the fees are not really worse as before. I think that's also because new coins have now been invented which is said to be a good alternative to ETH but before them, we have the old coins. LTC is the first alternative to ETH.

TRX is only invented later on. In the early days of TRX, its much better compare to LTC but indeed that it got worse lately. I think that is because many people are now using it. There's also an issue about TRX and its founder. Other than them, have you tried Matic already? or try the Binance chain.

When there is a significant increase in transactions on the Ethereum network ERC20 Gas fees will slowly rise. It will indeed have an impact on the shipping costs made. I've even experienced paying over $10.  There is no other way to save it, or you just need to set the gas according to what you want, and it will be executed when the gas fee matches the gwei setting you did.
It's quite annoying, when you have to convert but are faced with a high cost.

I remember an ugly experience back then with Ethereum where I have to pay fees that is higher than the amount I want to send At that point, I thought what the difference is between Ethereum and traditional banks since we pay high fees and have to wait for long for the transactions to get confirmed some time it takes days if the networks are congested. This have been the measure of scalability issues with Ethereum network and even with the multiple networks migration and upgrades same issues have remain unsolved.

This have made many to consider some other coins that have less fees and faster networks, currently there are several coins that have taken over in the scalability of networks with low fees and faster transaction time..

setting gas yourself is even worse because if transaction is failed to be executed you'd loss your gas, imagine you wanna set up the gas fee instead you're losing the money.
it's just overall something really need to be solved by the ethereum devs, but until now it just doesn't get solved at all.

Not realy a joke but a choice for tokenomics.
more than 70% of your fees are burned...
Just a rich-man choice   :'(

there are so many smart contract being deployed in ethereum nowadays, the rate is even more than it was before and many of them are just overpopulating the blockchain.
I wonder why those blockchain developer of the famous project always choose ethereum for their mundane and rather useless attempt of airdrops.
it's like couldn't they simply choose other blockchain that's well adequate and also cheap enough in term of gas fee required, sometimes it's mind boggling.

Yeah deadily rich man's choice I guess, but why do we have to contribute indirectly to the burnt token through excessively high fees and burning almost 70% of the same fees, it's like a case of the river supplying water to the ocean we're as it is supposed to be the ocean giving the river water.

I won't want to use more harsh words to portray the point I am trying to make, but then I hope you understand, my point is there have not been any benefits for ethereum users from all the net migration and other network development in the ethereuem ecosystem.

High gas fees have been the struggle of many users for years. The developers have promised to lessen it but it still getting more expensive each year. That's the reason why many traders have switched to other network to save fees. Oftentimes, the required gas fee is higher than our withdrawal amount which is too disappointing and in end, we will just hold the funds until its withdrawable and we're able to carry out the gas fees.

Yes its a sad game!!

That's why I move to the Cosmos Ecosystem!

Have a good day!

For some reason, the increase in the gas fee for the Ethereum networm seems to be a sign that Bullish might be coming soon. However, what is certain is that this increase is in line with the increase in the price of ETH. but if you have to pay $9 to transfer $70, I think that's a huge amount. Are the various changes made by Ethereum still not a solution to this gas fee problem? If it's always been like this, over time people will switch to other networks that are much more affordable with the same quality

very true, even binance founder kept saying that only rich people are using ethereum now, the rest are being forced to use other alternative blockchain which aren't quite the same.
but it's good that due to this fact that the ethereum is demanding higher gas fee which equals to more money that so many projects are now spread out across various blockchain so that not all project are all getting deployed and created in ethereum.
but still, it's such a pain in the ass to deal with ethereum, the fee itself quite literally eating up many of our assets, if we have no choice but use this blockchain.

I did it last when I have Ethereum in my wallet and I wanted to withdraw it but I can't due to the high fee, it's a small amount, and if I blindly accept the gas fee, it almost nothing left.  So the best thing that I did is to monitor the gas fee and check it every day when it will cool down the congestion and it's usually the gas fee cooldown when the weekend comes or there's a worldwide event like holidays.

Ethereum isn't ideal to use in a small amount, so if you have this in your wallet just reserve it for a gas fee when moving your token or coins that are based on the Ethereum network.

Find an alternative way if you're in exchange convert it o trade into altcoins that have a low transaction fee.

You are trying to send Usdt when Gwei(gas fee) is high. normally when gas fee are 20 Gwei - 25 Gwei then you have to pay 2$-3$ but if Gwei increases then you have to pay more according to Gwei. Gas fee depends upon number of transaction. when market start up ir down then Ethereum gas fee become high due to increase of number of transaction per block.


I read article about Ethereum fee where they talk so much about fee. After shinghai Upgrade the next phase will be to split transaction into parts. This upgrade will decrease the fee very low. I will recommend to hold until This upgrade but if you still want to use Ethereum network then Keep eye on Gas tracker and when you see Gwei Below 25, you can try to make transaction.

ETH Gas Fee Tracker: https://etherscan.io/gastracker

Don't worry, there's will be new version of ETH, it's ETH 2.0 and the fees will be significantly reduced. But this development had been discussed since few years ago and there's no movement until right now! :D

There's no way to reduce ETH fees because they don't have other way like BTC, you can only choose low priority fees.

Definitely one of the worst features of Ethereum. But you can always wait for it to go down. And the next parts of the Ethereum roadmap address this issue. Along with, in parallel, more development on L2s.

It's block space is in very high demand, so it kind of is what it is. A useful chain might be an expensive one.

The Ethereum fees are very high which is why small traders and investors tend to avoid it or pay high fees out of necessity. However, I would suggest converting to TRX or Doge if possible because the transaction fees for these coins are much lower. I personally do this because the gas fees for sending Ethereum are much higher compared to TRX, Doge, Polygon, and BSC chain. Despite several upgrades made by Ethereum developers in the past 5-6 years, gas fees still remain a significant issue. Hopefully, in the future, Vitalik will work to reduce them.

To be honest, I am really expecting ETH to have much lower fees like in just a few cents per transaction because of transitioning from PoW to PoS. Although that they have managed to lower them down, but not what I have really expected.

Hopefully this upgrade and/or the future upgrades will significantly lower down the fees way beyond my expectations since some of my clients are preferring to pay me USDT in ETH network than in BNB or Polygon without any reason at all. Maybe they trust ETH more despite the fees.

But at least right now it’s a little bit better than the yesteryears where we pay ridiculous high amounts worth of ETH gas fees.

Perhaps, there is a change, and too unfortunate that we think the transition is the solution to high fees, it is even getting worse as per to see.
I was wondering why but yes, the heavy network congestion gives us no option to spare, we really have to face the reality that this is hard to cut it down and bring back the fee many years ago. For now, it was hard to assume that we can pay small fees for ETH and ERC20 tokens, and paying $10 per transaction is seems normal.

Even those who trust it the most will soon migrate to another protocol if this continues, no one will keep suffering with such high fees forever, especially now when there are a lot of new and potential blockchain protocols released every now and then. If ETH developers don't come up with a solution soon, I'm afraid all the projects created on top of it will also start migrating to new protocols.

There are a lot of new alternatives with much lower fees and more scalability and many other options such as interoperability, etc. And they even allow migration from other protocols, especially Ethereum.

I was also under the impression that PoS merge addressed the fees but is actually a later update for sharding what is going to improve that. ETH changed a lot in the 6 months since I reviewed it for feasibility for my project.

There is a big economy build around L2s and that is not going anywhere either. Just for small money transfer ETH is overkill. The community have shared plenty of good tips, but probably the easiest is to just hold until you really need it so it pays the transfer itself with valuation.

Is all about perspective. $10 fee might be a lot transferring $70, but a $70 fee is nothing transferring thousands, millions. People were paying hundreds in just fees to mint NFTs back in the original craze.

even recent ethereum update still make its fee requirements a joke, it just doesn't make sense to use ethereum at this point, such waste of money i'd say.
but in the other hand, many good coins are also in their blockchain, but nowadays considering the trend is second layer with their own token, it just requires converting ethereum form its native blockchain to its L2 and we're done with this silly gas fee.

I was also thinking the same, their PoS i thought was supposed to be massive turning point of solving their never ending gas problem but it seems i was wrong, their solution to their fee was sharding, now l2 didn't even help eth instead making the transaction appear more, in etherscan stats, it's these l2 that become massive fee guzzler.

You think so that holding for the long term with the mindset that the profits will pay the gass fee itself may sound ridiculous since past events with market rise have pointed in a different direction and also pushed the fees up to 3x and sometimes a total networks congestion, this is what have been experiencing with ethereum and just as you rightly said,  with all the network upgrade and migrations it makes not much difference to wait to hope that you make enough profits to settle gass fees whereas some other alternative coins are giving it users better scalability services and fewer fees compared to ETH.

So what point it is then to keep holding a coin with such high networks problems?

The NFT transaction in this blockchain is truly populated if being compared with its counterpart and even its competition.
There's also frequent airdrops coming in that uses ethereum blockchain like the NFTs which just adds the pain towards the gwei required.
In ethereum the gwei always spike somehow and gets normal again in no time so if someone wanna use ethereum, or in need of using it, always check the gas fee regularly, since the fee required may differ from every half an hour.
It also still confuse me why these many NFT platform and airdrops didnt just use matic since they are just far cheaper.

TRX & LTC network fees almost same, but in USDT(TRX) minimum transaction fees is 1$ in mostly exchanges, yeah it’s definitely better than eth network, that's why i'm always using trx network. Because in the last a few years ETH network fees is going crazy, which is unexpected and unaffordable especially for the small traders.

Unfortunately gas fees for Ethereum transactions can be very expensive these days, especially when you are transferring tokens. For me, it's frustrating to have to pay such high fees just to move my own money.

For your question about Metamask, I think there might be a way to lower fuel costs from within the wallet. When you press Submit, you will see an option to "Edit" which will allow you to manually adjust fuel prices and limits.

Lowering this value will reduce the fee you pay, but may also mean that your transaction takes longer to confirm. So, to deal with high gas costs, in my opinion, it doesn't help much by just editing gas costs.

This may be due to the default configuration of Metamask or due to network congestion. Note that the gas fee given will depend on many factors from the network, transaction speed and many other factors. The only best way to reduce fees is to monitor gas prices in the market and choose the best time to send the transaction.Choose the best time to send the transaction. If you want to send a transaction within a pre-selected time period, do your research and make a decision at the right time to avoid high gas fees.

More like Vitalik's choice to me.

If the protocol is literally sending crypto into a black hole, and not even to miners and validators, then you have to question whether this indeed contributes to rich founders. Because it looks like they are trying to do it at the expense of making it a normal person's currency.

Mainstream money doesn't burn its own supply to make central bank shareholders rich (indeed, they make their money through other ways).

If you use Metamask you will find settings when you want to send you can set the gas cost you want, look at the Gas (estimated) section before you press the send button, you can edit the amount of gas you want and it's cheaper but it doesn't guarantee your transaction confirmed quickly, sometimes takes time to get confirmation on the network.

You can visit here https://etherscan.io/gastraker because ethgastation is not really live, so you can see there gas costs recommended by the network, make sure to wait for gas costs to drop sometimes during peak hours and weekends usually gas costs will go down, so it's best to make transactions when gas costs really drop. don't force yourself to follow the network because basically ETH is only for rich people who want to throw their money there just for gas fees and that's why I have been wondering why people buy ETH while their transaction fees are very expensive even though there are many alternatives available blockchain that is more cheap transaction fees, I have never used the ETH network again to put my money in my wallet in the form of ETH tokens. My suggestion is to use a metamask wallet or trustwallet to edit gas costs

The high ETH gas fees have been a major concern for users, especially during times of high network activity.

It can make small transactions expensive and impractical. However, there are various layer 2 solutions being developed to address this issue.

Absolutely during time the high gas fees network in ethereum so that's why i forget. But Don't worry we can jump in bsc network now because low gas fees with faster transaction. We can make small amount transaction with very low fees. Even never upset because every new project has been bsc network and there are many old project realize it now.

But in order to use the Arbitrum or Optimism blockchain, you will first have to transfer your funds from the Ethereum blockchain using the bridge. And in this case, you will still need to pay for gas in the ERC-20 network first.

Yes, it is common for gas fees to be high when transferring cryptocurrencies, especially during times of high network congestion. Unfortunately, there is no way to avoid gas fees entirely, but there are ways to minimize them.

One way to lower gas fees is to adjust the gas price and gas limit when sending a transaction. Metamask does have an "advanced gas control" feature that allows you to adjust these settings, but it may not be visible by default. You can enable it by clicking on the "Edit" button next to the gas fee estimate when sending a transaction.

Another option is to use a different wallet that allows you to set custom gas fees. Some wallets, such as MyEtherWallet and MyCrypto, allow you to manually set the gas price and gas limit for transactions.

i believe this fee will just never gets resolved, best course of action is just move on, this fee is indeed ridiculous, but that's it, nothing we can even do, even trying to set custom fee might even incur loss, considering the nature of eth blockchain, if your transaction fail in execution you will lose your gas along the way, it's just ridiculous.

Q Blockchain has gas fee sharing. Instead of all gas fees going to validators, some of it is redistributed to Q token holders so that you never need to buy Q to pay for gas fees. Plus Q is much faster and more scalable than ETH.

You're right; it's really a joke. Even with many efforts to solve it, it really hasn't succeeded until now. What else could we do to handle this? Nothing else than checking the gas fee tracking tools like ethgasstation.info, for example. From time to time, the gas fee could change according to traffic. It's kind of troublesome, but at least we're able to know when the gas fee is cheaper than other times. I really, really hope Vitalik and his team can find the most effective way to overcome this issue in the near future.

Sometimes it makes us feel uncomfortable during use, but I find this is almost a condition that every market participant needs to learn before using them. We are now using better fees than the previous period of network congestion when it cost hundreds of dollars to make transactions. And that influences a lot of people's usage behavior of small transactions, and it's also one of the factors that new platforms exploit to attract users.

In this case the transaction fees on the eth blockchain are really skyrocketing probably due to the creation of new tokens of great interest such as $pepe

That is a problem as we can't directly convert our ERC-20 tokens to another platform without moving them from our wallet to another. And this gives no option but yeah, we must have to pay for the gas fee for that sake. It is too hard to raise the problem when we know that there is no solution (maybe for now). It was too difficult to imagine paying $100 worth of tokens and paying $10 to transfer, somewhat not fair but we must if we wanted to do it.

We can only wait for the Ethereum team to fulfill its promise and implement sharding technology, which will reduce the commission on the Ethereum network. Actually, it was the implementation of sharding technology that was one of the reasons for the transition to Ethereum 2.0

sharding technology is likely to be released next year, because until now Ethereum has not made a statement regarding sharding,
if you read this article https://watcher.guru/news/what-is-ethereum-sharding-when-is-it -set-to-be-released sharding will be done after Ethereum Merge,
so we have to be patient, Ethereum merge is done and Ethereum sanghai is also done, maybe it will be faster to finish sharding.

It's indeed a very big disappointment to say the least (for me at least). I was among those who also got deceived that ETH2 would be an improvement on what was existing. How wrong I was (I am). The whole long wait and media analysis that trailed the supposed ETH switch for months have now proved it was a mere waste of attention.

ETH is too "crowded" right now. You can blame airdrops and NFTs for that. Many believed the initial PoS upgrade would provide some sort of relief when paying gas fees, but it has been all of the contrary. Unless Sharding is rolled out, don't expect fees to decline anytime soon.

Fortunately, you can use L2 scaling solutions that make use of either ZK-Rollups or Optimistic Rollups for complete peace of mind. With zk-sync, Optimism, and Arbitrum, expensive gas fees would become a thing of the past. Many popular dApps (such as Uniswap and Aave) have already begun using one of the aforementioned scaling solutions. If you're skeptical of making "off-chain" transactions, then you'd have no other choice but to wait until gas fees decline on the main ETH blockchain. That, or you could simply use an alternative chain such as Polygon (MATIC) or BNB for better performance and cost-efficiency. I'm fine with ETH the way it is, as long as it stays decentralized and censorship-resistant. Who knows if it outlives many altcoins in the future? Just my opinion :)

What I know is that the gas fee can be adjusted down in metamasl, then the agn transaction fee is still really high in ETH, but if I compare it to the past it is still higher compared to now, so in my opinion maybe it is cheap howsoever.

      The transaction fee in ETH is really like that because it also depends on the value of ETH at the moment based on my understanding and knowledge of that concept.

not surprised by that. I think many people feel the same way, I've even made transactions with higher fees than that. After all, it's a thing that needs to be done, so like it or not, we have to pay that fee to make a transaction. The only way to make cheap transactions is to always check the gas fee. If at that time the gas is cheap, then make a transaction, that way you might get a cheaper fee.

I would guess that it is not going to be like that all the time, which means that the solution that we have right now is wait until gas fee goes down. Now you may feel like you can't move and it is horrible that it doesn't give you any option to move the money out. However, is it as terrible as everyone talks about? I mean sure the gas fee is terrible, but that way you could hold your ETH until it is a lot lower and meanwhile you would be able to actually make a profit.

I personally hope that happens and we could make a big change, it helps us do a lot better in the long run and I personally would prefer that for sure. Many people do not want to hold long term but if they can, it will help them a lot because while waiting, you will be in profit.

I think ETH gas fees are a lot more expensive than on-chain TX fees on the BTC blockchain. Being a "multi-purpose" Blockchain does come with a certain number of drawbacks. There's less security, higher fees, and degraded performance. Only L2 scaling solutions and Sharding will solve the "high gas fee" problem. Most people don't like to wait until on-chain fees decline, so L2 would be the most ideal solution for those in a hurry.

While there's also the option of using an alternative chain such as BNB or MATIC, I wouldn't recommend them since they're not as "battle-tested" as ETH is. The OP is free to decide the path to take. Gas fees won't stay high forever, so don't expect ETH to die anytime soon. Just my opinion :)

You don't have to think about that because on-chain data shows it all for us.

Since 2018, Bitcoin network has never gave us costly experience when we have to broadcast our transactions with fee rates like 50 sat/vbyte or 100 sat/vbyte to get a first confirmation within 30 minutes to 1 hour. It has never come back in the last couple of years even with Bitcoin Ordinal recent months.

https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),all,weight

Ethereum did not resolve its expensive transaction fee since 2018. Last 24 hours, average transaction fee is nearly $10. https://blockchair.com/ethereum

Full chart https://blockchair.com/ethereum/charts/average-transaction-fee-usd

It becomes cheaper than in the past years but is still very expensive for non-whale users.

The issue with ethereum is that since it is the home of so many coins there is barely any time in which the fees are not high, as there is always a coin pumping out there which increases the price you have to pay to send your ethereum or some other coins you may have in your wallet, this is why it is even more important for ethereum to try to find a solution to this problem, because if the developers cannot do this then they will lose users to other coins which can do this.

well, Truth be Told I stopped Using the Ethereum Blockchain because of the High fees, it's absurd to say the least, you can't do successful business when the cost of doing business swallows up the potential of Profit.
That said I understand that those using it are the ones with deep pockets and even at that you will have to find the optimum time of the day when network congestions are less.

well, if you insist on using the chain, here is a suggestion, im not sure the extent it'll go to solve your problem but...

You can try using a different wallet software that supports lower gas fees, such as Argent or Gnosis Safe. Alternatively, you can try using a layer 2 solution such as Polygon or Optimism that can offer lower gas fees and faster transaction confirmation times.

I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.

 ;D ;D ;D  indeed a Blackmail. the thing has come down to a rip off, of everyone in the ecosystem and feeding only the Miners. i can't see how that's Sustainable.

The Ethereum gas fees has no fixed price and is keep fluctuating from time to time, mostly when conjunction of transaction of Ethereum is much, and it makes it higher at the same time, is good to know a particular hours to carry you're transaction, mostly early hour of the day or late hours is also more favourable and cheap gas fees to carries out a transaction.

Ethereum gas fee was worse in the past, i think $9 is far lower than before.
When ethereum algo still pow, many miners were mining eth and got a good profit because the gas fee is very high.
Now ethereum algo is no longer pow, and the gas fee is getting better than before.

Have you tried using ETH before or atleast last bull market? ETH is known for it's very expensive gas fees that will make you either regret using ETH or question yourself on why did you own an ETH blockchain token. Last bull market people are crazy minting an NFT with the crazy amount of gas fees. I myself paid my most expensive gas fee on a single transaction worth more or less 100$ on just a transfer. Even with current ETH update, Fees are still high in my opinion. I miss the days where the fees doesn't exceed a dollar LOL.

I always find it funny how transaction fee is dependable from altcoins price, people want altcoin price to always grow, but complain that transaction fee price also increase :D Want cheap fees - use altcoin that cost nothing. If Ethereum would cost 200-300 bucks like it was in 2018, than it would be reasonable to complain that fees are high. But since Ethereum price is near 2k now, paying 10 bucks for gas seems to be fair price. If it is still expensive, than go to BSC or other blockchain.

That's because Bitcoin developers have implemented a series of network upgrades targeting scalability. SegWit and Taproot upgrades have made fees cheaper on the BTC blockchain over time. On the other hand, Ethereum hasn't dealt with scaling issues at a deeper level because developers have been hyping the PoS upgrade too much. Until Sharding comes in, ETH gas fees will continue to rise like there's no tomorrow.

Let's see how serious ETH developers are when it comes to making the Blockchain cheaper and accessible to all. I really hope they're not "stalling" people with the PoS upgrade, instead of focusing on what matters most (which is scaling the main Blockchain itself). L2 scaling solutions are good, but not all dApps use them. On-chain transactions is what every cryptocurrency is all about.

Fortunately, ETH gas fees won't stay high forever. With due time, ETH will be able to live the "glory days" as a cheap and fast Blockchain for "De-Fi". Who knows if lower fees will lead towards higher market prices for ETH in the long run? Just my thoughts ;D

for me the eth gas fee has indeed been a problem since I first got to know the world of crypto, because the gas fee is very expensive of course, so it will be very detrimental if we make small transactions, therefore I prefer to use the BSC network

There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask

Yes, there is an option there but it was recommended to follow what has been suggested already because changing it low will likely end up failing the transaction process and short of fees. And sometimes it happens that it was deducted already in your wallet and you need to spend other $$$ to continue, meaning instead of thinking you pay less but in this situation, you are spending more. That is why we better follow what has been recommended gas fee or better to increase it for faster confirmation.

the problem with ethereum is that, their gas fee was initially cheap enough, i'd say the required gwei aren't changing that drastically, but the value of ethereum is increasing so high that each gwei costs really high. therefore I think unless ethereum is losing its value, its gas fee will always stay this high.

There is no other way if you have ERC20 network type assets, I think gass $3 is very standard compared to last few months which can touch $15 per transaction on ERC20 network.
the cheap one at this time is definitely the BEP20 network

this is so true, editing the fee might be detrimental, after all if the fee set was far off with the current average gas fee basically significantly lower you gonna end up wait until few days and ended up cancelled instead which is massive waste of time, what's better solution is just to use alternative layer 2 solution and use the token that's available there after all many tokens like stablecoin in general have their smart contract available anywhere, so I don't think it'd be that big of a deal moreover arbitrum, optimism, have all integrated with most popular swap like cake and uniswap. i don't think one should sweat over the fee once they've switched over to these layer 2, they most certainly exists for reasons.
but if someone really need to use ethereum like maybe they've got nfts in there, then just wait until gwei required is decreasing.

metamask only prepares excess fees to keep your transaction successful, the rest will be in your wallet again, I once sent eth and fees charged 10$ because the network was congested, but in the end I only got 3$ and the rest was returned to our wallet.

Some operations on the ETH blockchain consume more gas than others. For instance, sending an ERC-20 token costs less than swapping tokens at Uniswap exchange. It all depends on the complexity of the smart contract or token itself. If you want to know an estimate of how much you'll be paying in ETH gas fees, I'd suggest you take a look at Etherscan's Gas Tracker.

I wouldn't use the recommended fee set by Metamask, as sometimes you end up paying more than what the network is currently asking. Setting fees manually would be your best bet to save as much money as possible. There's nothing we can do about this other than wait until fees decline, use a L2 scaling solution, or switch to an alternative Blockchain network such as BNB or Polygon. Let's hope ETH scales soon, so it could become much more accessible to the "average Joe". Just my thoughts ;D

You are very correct, i remember building stuff on the chain, testing was going good on the testnet, the moment i wanted to switch to mainnet to do the pilot test, the fees made us to discontinue the project, we have since started building stellar, In my own opinion, if etherum can fix this high cost of gas, I will be among the people to be building stuffs on their chain.

Historically, speaking since EIP1559, the gas fees are pretty low actually:

https://i.imgur.com/Fz0qdRB.png

But yeah, this is very much a weird subject. Because on the one hand, it's super expensive to use the network. And yet the ETH network is valuable enough that people use it anyway. And when people do that, all ETH holders benefit as ETH is burned away from the network, potentially forever since we're presently at -0.17% since the merge happened and decreasing.

The major thing I guess is for anyone that wants to use it to be very patient. Over the coming 1-5 years, there will be upgrades to the L1. Either that or start jumping on and using L2s.

There are many new project taken bsc network so you should move on bsc network for reduce your transaction fees. Personally i totally kick out eth network and now i am very comfortably bsc network. Here is bsc network low transactions cost with super faster network. Even many good wallet have a opportunity to use bsc network.

I agree, the BSC network has lower transaction fees and higher network speeds compared to ETH, which makes it a better option for new projects. Honestly, I don't understand why ETH is so popular with such high fees. There are many blockchain platforms with very small fees but they are not in demand.

@op You should have waited a bit for PEPE hype to cool down.


That's misunderstanding. It was just transition, it didn't decrease gas fees, but it has created a platform for future enhancements that will lower the gas fees.

Read: https://www.blocknative.com/blog/will-the-merge-lower-gas-fees

usually transaction fees go up due to congested network, you can wait until the network is not congested, but if you need it right away you are forced to send it.
this is one of the current drawbacks, if the cost-intensive increases, can the number of transactions not be increased to overcome problems like this.

Current gas fees seems not stable and still expensive, usually when eth price going up not chance for lower fees with ETH transaction, last current faster gas fees on 50 GWEI and need spent above $8 until 15$ for each transaction swap on dapp exchange with ERC20 network. This weeks not any change with ETH gas fees because still expensive with ETH has stable on higher price, we are exciting when gas fees under 10 GWEI and spent 0,1$ for fees transaction. I can't claim with my airdrop coins reward with ERC20 network right now because have expensive fees transaction than coins worth, waiting next week and hope GWEI will drop under 20 and spent 5$ enough for gas fees transaction.

To be sincere if you have small accounts there is no need to keep using Ethereum, the gas fees are too high for small accounts you will lose all your funds to transaction fees and also there is a chance of your transaction being sandwich, One of my transaction was a sandwich on Uniswap and I lost $1400 to this attack. I have decided to move to blockchain which is faster and with cheaper transactions. This issue can't continue the developers need to do something, all these burning and deflation shill to me won't save Ethereum with time

Why you not avoid eth network? You may come on bsc network for reducing gas fees. There are many project now allowing bsc network and old good project had on now. Eth network fees was lower but when ethereum price was lowing. Even now etherum price rising higher so how could expect low gas fees for eth network?

No It’s not like jokes because ETH Gas fees always higher than others chain and eth one of the best strong chain that's why still now many people’s like eth and always going to transaction as well but i hope need to reduce eth gas fees and sometimes also facilities low gas fees just need to know when current time for low gas fee it’s good idea.

No way at all. Even reducing fee from default setup, could make your fund stucked during this highly busy network. Although eth gas fee has reduced a lot if it is compared with previous years. but it is still suffer to give us the best transaction rate what bsc, matic, trx does. So we have to give such fee if we want to transfer tokens through this erc Network. That's why i already moved with bsc.

BSC and other alternative blockchains are not as decentralized and censorship-resistant as ETH is. You're basically sacrificing decentralization for low fees and faster transaction speeds. Rising gas fees on the ETH Blockchain, tells us that people are using it more frequently. There's no need to worry about this, especially when there are L2 scaling solutions for ETH. Or you can decide to wait until gas fees decline to make your move.

ETH developers will soon roll out a series of network upgrades aimed to improve on-chain scalability. Once that happens, high gas fees will only become history. As long as ETH remains decentralized, nothing else matters. Just my thoughts ;D

Ethereum gas fees are a big problem, but there is a solution to this problem. The solution is to not use Ethereum. :) Unfortunately we are in such a bad situation. Still, when I have to use Ethereum, I try to prefer Layer 2 solutions. When Layer 2 alternatives do not help me solve my problem, I transfer a little over the economically recommended gas gwei and get my job done. You know, failed transfers on the Ethereum network are also charged. That's why I want to secure my work a little bit. Unfortunately, Ethereum gas fees continue to exist in our lives as a joke that does not make us laugh.

Frankly, I am not a fan of the Ethereum network because of these expensive & joke fees, which represent a loss for every person who makes transactions on this network. The fees of the Ethereum network constitute the liquidity needed to carry out transactions, and they vary from time to time according to the supply and demand available in real-time. Because of the congestion of the network and its adoption by millions of investors, companies, and amateurs of NFTs, the network has become very crowded. Its fees doubled more than many years ago, so if it wants to do transactions with relatively low fees, choose the right time when the network is not busy and not crowded, and you must not adjust gas fees from your wallet because the transaction may fail if the fees are not appropriate and you will lose these fees without completing the transaction, or you can use other networks not based on Ethereum, and the fees are reasonable.

I left the Ethereum game precisely because of that gas fee debacle. I'm not a whale and don't know how I can be wasting close to $20 trying to move just $50. Its just plain stupid

It never helps at all. No other way to skip paying huge trx fees with ETH, it is absolutely disappointing but despite this situation, people had never given up and still using this. The only option I see is to transfer them in huge amounts just to save some gas wei rather than sending them in small amounts which also cost multiple transactions. I'd never see this situation turn back low but rather expect it to grow more.

---

In fact, I have had some bad experiences with this before, I taught setting on the lowest fee saves me but it turns out that it fails and I need to adjust my fee causing it to double my fees.

it's silly how swapping simple token in uniswap requires $20 nowadays, I still wonder why such massive activities in ethereum blockchain, even the L2 are now being affected by this increase in fee because the L2 also need to submit their transaction batch in ethereum blockchain which is kinda defeats the point of being l2 if also them requires massive fee.

One of the shittest thing on the time i would really be making up some erc20 transactions specially on small tx is its gas fee which it is really that unjustifiable. I do agree on some points on here
on what the heck for ETH to remain on #2 if its gas fees are on the roof top? We do understand that smart contracts is indeed revolutionary but having that huge gas fees? Nah i would really be
looking on another place to check on.

I do want to touch up Erc-20 field when it comes to buying coins and token into those dexes but whats the main issue that i couldnt easily do it just because of the fees.
I cant really just take that much because im not some sort of whale who could afford $10-20-40 in terms of fees in every transaction.
This is why it would really be that worth that you should really be making out transactions in bulk so that you would be able to save up some gf.

the problem with smart contract blockchain in general is that they always require so many transaction just for an action like swapping requires involvement of various contract which surely increase the gas fee needed for each action, but I think in this regard that won't be problem if the transaction of smart contract blockchain spread out evenly the thing is, right now ethereum got most of the transaction in its blockchain.

even layer 2 are also gets affected by this ethereum increase in fee, after all these layer 2 also needs roll up basically submit batch transaction in the ethereum blockchain, i've seen most of l2 are increasing their fees yesterday when ethereum reaching its peak in which in this case basically still left ethereum problem fee unresolved but at least in l2 it's significantly less in term of increase in gas fee required compared with ethereum. but if you've observed all these l2 actually also caused massive transaction increase in ethereum blockchain which you could simply know by seeing their contracts which are generally quite active in ethereum blockchain.
judging from this I think we need more effective solution than just these l2 which still somehow depends on the ethereum blockchain and also becoming one of main reasons why the fee in ethereum is increasing so much.

Yes, there are ways to lower the gas fee on metamask. You can try setting a lower gas price to see if it gets confirmed in a reasonable amount of time. Another one is to adjust the gas price manually when sending a transaction. You can try as well to use a tool like gas tracker to check the current gas prices and you can choose a time when the prices are lower. You may also try using different network with lower transaction fees. I hope this simple suggestions might help you to reduce gas fees.

This phenomenon has been running for a long time perhaps due to the current bottleneck on the Ethereum network especially for Ethereum miners to process their transactions and execute smart contracts. What is a layer 2 solution, which can help reduce the burden on the Ethereum network and lower gas costs in the future I haven't tried it yet because I'm mostly looking for more affordable eg Polygon or BSC Networks.

What do you mean miners? its a POS now and not in POW so it must be cheap and scaled now like other L2 but this is not guaranteed as eth still suffers from network congestion especially if you interacting in 2or more contracts at the same time, eth for now still need many improvements to cater more demands.

What is the cheapest way to transfer the ETH now?

use layer 2 solution like optimism and arbitrum, of course if your eth already in homestead blockchain you'll definitely have no choice but just straight transferring with the high fee but you can always edit the fee.

Well i was answering to OP and OP was using metamask. Also i am not sure what you mean by "ETH2.0 problem" or what alternatives are you talking about. You can always use Layer 2 options like Polygon or Arbitrum as they run of ETH so you don't need to use more centralized blockchains. If you are sending wrapped eth, or any token really.

But you can equally choose the tracking moment when the transaction fee is minimal. Of course, with such a fee value, the desire to use the main ether network disappears. It is easier to overtake tokens over the bridge into Optimism or into the Arbitrium. It is at least less fees. But this is if the volume is normal, I think a trifle is not profitable to send through the bridge.

It is undeniable that the transfer fee for the Ethereum network is very high. It hasn't entered the bullish era yet, but the cost of ethereum gas fees has increased dramatically. Tomorrow you can figure out how much gas the Ethereum network will cost when it enters the bullish era. That must be very annoying because it will definitely go up again at a very high cost.

this is true, the high gas fee caused by the fact that ethereum has really high value, not because their gwei is high, even at really low gwei it still costs a lot, really unfortunate.

even bridging gonna costs you more than just transfering your token, there's no way out, if you've already got token in ethereum, you can only transfer from there and maybe to some exchanges to avoid fee, swapping is definitely worst idea right now.

if it entered bullish era the fees will become absymal and that's for sure. even right now swapping in platform like uniswap requires $30 which is crazy, i always reminded of the fact that in its competition that is bsc the fee was normal, only require less then a dollar, then in ethereum it's really high, i wonder how much the gaps of traffic between the two, is it that much difference that the fee could be really far from each other.
even layer 2 like arbitrum are just making things worse from my 2 cents, their batch submitter contract and sequencer are so active, that I wonder if things will get better or worse.

PoS didn't have a positive effect on gas fees due to high network congestion. We can blame Vitalik Buterin for making ETH an "all-in-one Blockchain". Both smart contracts and accounts are running on the main ETH blockchain. It would've been best to separate contract deployment and/or execution from the main chain to avoid any bottlenecks in the long run. Now it's too late, as fees are rising like there's no tomorrow. Danksharding needs to be implemented fast for on-chain fees to decline by a large rate. Otherwise, we'd be stuck with L2 (off-chain) scaling solutions and alternative Blockchain networks that are centralized and unreliable (especially Solana).

Consider how Bitcoin's TX fees have been rising due to the Ordinals NFT craze. Would you imagine BTC being used for other things like domain name registration and tokens? It would add more burden to the Blockchain, resulting in higher fees and longer wait times. Let's hope ETH scales fast before other chains "eat its cake". Just my opinion :)

I mean the alternative blockchain like BNB, Tron and others are cheaper however ETH moved to Proof of Stake so the developer working on the switching process but it didn't solve the problem completely cause the gas fee of ETH is still high but lower when comparing with PoW however it's too high to do make transfer in day to day life.

I think it is due to more users, those who hunt airdrops making transactions again and again. In the Ethereum network, if you have more users, then it will congest the network.

those alternative blockchain usually just didn't cut it because rarely some rather smaller scale coins deploying their erc20 tokens in various blockchain at best they'd just deploy it in layer 2.
so definitely there's reason why eth still being used so massively and frequently despite having some alternative blockchain because many tokens that are active still there.

Let's see the current gas as of this writing,

Lowest - 106 gwei
Average - 106 gwei
Highest - 110 gwei

That's high and not just because ETH valuation has increased. I've seen lower gwei at the same price in USD. Let's just accept the fact that it still couldn't handle the high traffic so the headache of transferring ETH and ERC-20 tokens remains.

seemed right, eth gas fee so expensive because it couldn't handle the traffic, its scalability is just really bad, also the gwei required for transaction each block varies a lot, it sometimes only 15 and it sometimes require 110 like what you wrote, and the funny thing is that, many people are still willing to pay such fee just for the sake minting of some useless nft.

You can try Polkadot instead of ETH. Polkadot is developed by Gavin Wood, he's very experienced. Polkadot can maintain a good position currently, where it has a good base to start growing once needed.
Polkadot is already developed very far compared to new projects because Gavin Wood has experience from ETH and now tries to build a solid coin, Polkadot.

switching over to alternative blockchain is easy, but what if the token and dapps that's available in eth didn't make their multi chain alternative and deploy their smart contract in something like polkadot it will be absolutely useless then, I think that's not good idea, if it's selecting alternative blockchain layer 2 will always be better.

On the one hand, the problem of expensive gas costs is an alternative way to burn the available amount of ETH supply, as we know that ETH supplies are not limited but they are used more by many projects so that the value continues to be more expensive, but apart from that there are also many a project that makes another alternative with Layer 2 to help with that problem, Ethereum hasn't really become a solution to be used by small users, most of them are rich users who burn tens of dollars just for transaction fees and I'm sure many millions of dollars every day burned for it. sad but strangely those people are still using EThereum

I think people should switch to blockchain networks which are cheaper in transaction fees because it helps cut spending on crypto transactions. My advice is to transact using ETh preferably on weekends because gas costs usually go down because there are not many transactions on that day.  ;)

It will take a time for project to be upgraded to new technology.
And many Altcoins have support of Ethereum.
Such coins, you can send easyli to an Ethereum address, Sir.

About DeFi application, it is a different issue but DeFi is also very high risk, Sir.
Ethereum is too slow still.

I have the same problem. What is the point of the Ethereum 2.0 update? This will frustrate retail investors. What you can do is do the L2 transactions rather than using the L1 transactions.

Swap is always expensive,i have an experienced in UniSwap exchange where i spend 100$+ transaction fees in 600$ worth of tokens when there was no way to reduce it. I stopped using Eth network for the long time ago, but sometime i can't avoid it, because of my several favorite coins are developed only Ethereum network.

ETH gass fee is very high. It is very difficult to pay that’s fees for traders and holders. For high gass fee eth network people reduce trajection.  I think it is very helpful for eth goodwell. Many prople use eth network but the now use BSC, Polygon or another Network. I couldn’t sell some  erc-20 token for high gass fee. I think the team members of this project should control this gass fees. Otherwise people will avoid eth.

the best way to avoid high gas fees on the ETH network is to wait for transactions on the ETH network to decrease, if transactions on the ETH network are still high there is no way to avoid high gas fees. arbitrum and SUI are making retroactive airdrops even more desirable and many people britge and swap using ETH. this is not a joke, if you are an airdropper with small capital you should avoid the ETH network. Yesterday I tried some of the features on metamask and did britge on the zk network hoping to qualify for the airdrop and from $100 ETH I only had around $70 ETH left.

Expect doing that,  i don’t aware of any method that help to make eth fee low along with smooth transaction. If anyone hesitate to sacrifice, then giving high fee is only an option. I agree that Rising fee means more traffic, more user using ether but i guess most of them have ability enough to afford such fee but alas! op isn’t in their list and so he is complaining.

agreed. decentralized is only matter, otherwise Ether developers have been trying for many years but still no significant change has been seen durning transaction fees but i'm also optimistic about ether network upgrade what will let people transaction with low fee

the only way it goes lower is wait for a day where transaction is low.
what acitivity push eth gas high anyway? market is bearish

Oh don't misunderstand me I'm not defending Ether, neither I'm going to endorse any alternative, I don't hold anything and a $50 is not too little from my POV, is higher than just doing an overseas SWIFT transfer + Taxes + bank tax. Even if the L2s were the real solution, it goes back to your question. Then what's the point of holding ETH?

I'm probably biased because I'm developing an idea, but seems like the pragmatic answer is: the EVM and ecosystem. I wish, but I'll not be using ETH due to, precisely, the fees and congestion. Even the fees and constrains of an L2 are too limiting for what I want to so, so I'll be doing a sidechain, and that will eventually need a bridge, and then we are back to step 1: you'll need to hold ETH and likely the token of wherever you want to bridge.

And free market kinda doesn't apply completely here, by having more L2 fees should go down, but since those are intrinsic to the L2 tech, then having more L2s will only make it harder to lower fees since there will be more pressure to keep the L1 fees as they are. 

ETH fees may lower someday, but it will not go that down as to nuke the L2 ecosystem, not happening.

Great to read this reply from you and of course I did not totally misunderstood you point in the previous comments and even at that I am glad to see that my comment drive you down to this reply where you covered a wide rang of areas including the limitation with L2 network Layer which were supposed to provide the best alternatives.

And also hope to see the lunch of your project very soon and how you develop your one chain that could possibly push down gas fees against what is mostly achievable with layer 2 networks.

The thing is really frustrating just today Gas in Ethereum Goerli testnet exceeded 4000 gwei ($600) probably due to Linea testnet. if you imagine this to a mainnet then you start wonder when or how will the adoption happen
 

I went to Binancechain at that time to buy a few tokens after finding the gas fee on Ethereum to be abnormal but I was able to compare the gas fees that we charged when doing transactions using Metamask. I assume that the gas we need is considerably more when we use a third-party wallet because we will need a higher gas price when using Metamask than when using the online wallet offered by the Ethereum platform. We can also decide how much gas we'll need or when the transaction will be void.

It looks like the tables have turned, if we look at the current spam on Bitcoin blockchain. That's what Ethereum network has been dealing with since the Bull run of 2017-2018 and the problem has refused to vanish to this date

I think something needs to be done about the Ordinals or those so called BRC20 before things go awful on the oldest and most decentralized blockchain network..

Thanks for your wishes. I think my solution would be a bit different because we are somewhat centralized and anchored in real assets so the dynamics are a bit different.

In most cases I would say that, if the org behind the chain could be profitable besides the token, the org should cover the fees of the TX (as in permissioned network or downright having their wallet pay it). For cases when full decentralization is not possible or required.

I plan to do just that, have a minimal tax for TX that goes to a common pool/fund that will pay up the cost of providing the chain (hardware, network, talent). For me is more valuable to offer a relatively free chain so people can learn, and play around so they can stay, bring their assets, and develop in it.

Developing a real business, you don't get to be established as a company in a "Testnet Estate", you go right in to the real deal. As @Bolivar_Tony said, even glitches and high fees on testnets can scare potential users. Days ago I was being charged ~$150 gas for minting a BSC test token in some ILO platform. $150 is probably reasonable in ETH, but BSC?

My last transaction was 1.5 ETH. I had to cancel. I will not understand at all that there is Buterin with gas to joke like that. Maybe the time has come to completely abandon the first-level blockchain.

We really got hit the heavy network congestion and it was disappointing to see the huge fees. I'd see that it was impossible for small investors to buy and more their money in this situation. For now, nothing to do but to check regularly the chart fees and wait until it goes back to low fees. Honestly, the entire market is been suffering huge fees which include Bitcoin as well. I've been looking for another option but it was hopeless, we can't any other than just wait to calm down.  I think we are urged to hold because of this situation...

I just don't know now why the transaction fee of many coin are desperately increasing with a reason that is so annoying. Take a look at Bitcoin that we all think will spear us but now the gas fee is just like Ethereum. I hope all these high gas fee would reduce with time especially for Ethereum and Bitcoin that had suddenly been increase. I have to pay $7 to transfer $11 in Bitcoin...so annoying.

That's the problem with NFTs and "meme" coins. They often clog the network as people hunt these digital assets like crazy with the hopes of becoming rich quick. That, and also the fact that scammers flood the Blockchain with worthless "meme" coins for their own personal benefit. It all started with ETH, and now it has ended with BTC. Don't expect fees to decline anytime soon unless this craze is over (which I doubt it'll ever be over).

Developers need to act fast before it's too late. High network fees prevents the average person from getting onboard. They only benefit validators and whales alike. If Blockchain is all about equality and decentralization, then ETH must increase its network capacity to fulfill this. Otherwise, it would become no different than the traditional banking system where the rich get richer, and the poor, poorer. Maybe there will be brighter days ahead for ETH? Just my thoughts ;D

Q Blockchain fixes this. It has reverse gas fees so you never need to worry about gas fees after you initially deposit some Q. Gas fees are redistributed to holders instead of strictly going to validators like other chains.

I think it's become a classic story for eth gas costs especially during periods of high demand, and it causes frustration and concern about the viability of the network in the long term. what is a question mark now is that many platforms are suspending payments especially at this time. I'm also confused about why it can be delayed, oh, there are those who use the App Trust Wallet here in making transactions, please see if I'm right.!!

there is no way to reduce gas fees from ETH, because indeed gas fees from ETH are very expensive, but of course transactions using blockchain from ETH are very fast and even then I'm still too lazy to use blockchain from ETH, because in my opinion the gas fees are very expensive and doesn't suit me, that's why I always use blockchain from BSC or Matic.

there are many meme coins and airdrops claiming, which gonna push the activity more over there are also NFT, added with the fact that the sequencer of l2 are also keep on submitting their transaction on eth blockchain, there are so many activities in ethereum despite market being relatively bearish.

seems like common case is if the blockchain has becoming big and congested enough it will surely face scalability issues, the problem needs to be solved fundamentally, even layer 2 right now aren't better either, they requires massive fee unlike before, it's again coming back to the scalability issues.

Never heard of it. But actually giving users a "rebate" for every gas fee paid, sounds like a good idea to me. Why not even remove network fees altogether? TRX, EOS, STEEM, and NANO have zero fees which makes them useful for "De-Fi". There's even a new Blockchain network called "ThunderCore" with near-instant transaction processing times.

With many options available on the market, high gas fees would only become a thing of the past. ETH won't stay expensive forever anyways, so sit tight and wait as the best is yet to come. Who knows if a sudden decline in network fees will boost mainstream adoption for ETH like never before? Just my thoughts ;D

When I make these investments, I only spend time with losses.  The sad thing is that when I invest in an altcoin, the coin only goes down in price instead of growing.  A long time ago I had a few dollars with which I bought the Matic so that it would make some profit if the price went up later.  But unfortunately, bro, what should I say, since I bought it, the price has not increased even a little, only the market has gone down.  When I bought Matic it was at $1.32 I thought the market was down a lot and would go up a little but then it didn't.  So I have been spending time with that loss for several months. I ask for prayers from all the brothers of the form so that my loss is recovered.  If I had bought all the bitcoins instead of buying Matic with the amount of bitcoins I invested, I would have made a lot of profit with all the dollars.  But the sad thing is that I bought the Matic with a few dollars to trade in and now it's hard to get my shipment back.

The concern to me is why are these L2 platforms Polygon, Arbitrum, Optimism and ZK were all hyped as the solutions to this stupid transaction and gas fees projects are just using them to mine Airdrops and refuse to deploy projects on them. I just don't understand why someone would pay $120 transaction fees to trade a token of $80 value, maybe some of these retailers don't check the transaction fees at all before they execute trade, I can argue that Ethereum is making retailers poorer than any of the Alternate chains. If your portfolio is less than $100k don't use Ethereum.

To be fair, AFAIK the changes in its consensus mechanisms aren’t supposed to make the transactions within the network cheaper or faster (which honestly bugs me cause why the fuck would you change to a much inferior consensus mechanism than POW if there’s no upsides), so you  can’t really count those changes as “quality of life” updates that you can rely on. I think as long as crypto’s a thing dizzying gas fees during high volume periods is going to be a problem that we’ll have to face. Just last week I withdrew my BTC, which is around 20 bucks, due to the issue with bitcoin’s transaction processing I only got 7 bucks back from that and I even had to wait 4 days for the transaction to push through. Absurd times but I guess we’ll have to deal with it as long as we’re here.

It’s very frustrating but meme coin season peaked & seems to be phasing out. The issue with bitcoin fees due to ordinals & BRC20 spam has also seemingly peaked.

We should see gas fees really plummet soon. I hope to see them slashed to at least 50% of what they currently are in the coming months.

Now most of the project deployed in the multi chain so i think small traders have another option to buy/sell, specially i don’t use Etherum when it’s gas fees is crazy.  BSC can be good option for the small traders, i am using this network after i left from Eth network. I will never back in eth until it’s gas fees will decrease.

most but not all, even the newer trending coins rarely deployed multi chain, I think ethereum still needed for someone that seeking an opportunity, even though the gas fee is too high but there's nothing we can do if we gonna find some gems like some meme coins that gonna rise.

Since then, the cost of ETH gas has been very expensive, so many people have switched to BSC or polygon. So far there is no way to reduce ETH gas costs from metamask because gas costs on metamask are automatic so they can change in an instant. Maybe one of the ways that you can transfer USDT with low gas costs, you can migrate to the BSC or polygon network.

That has really been a problem for the Ethereum network. Before, I used to gamble using ETH and USDT on the ETH network. However, when the gas fees became unaffordable for most gamblers, I switched to USDT TRC20. It's very affordable, and the confirmations are instant. I no longer follow ETH since I have withdrawn my investment and sold it for USDT. However, I'm interested to know what they would do to make micro-transactions possible in the future.

This problem has often occurred on the ethereum network with very high transaction fees, making people who want to make transactions in small amounts an obstacle so that many people have to wait for transaction fees to drop again. and in my opinion there is no effort to reduce transaction costs that have been determined by the network. if you insist on lowering it then your transaction will experience delays and has failed.

We have to wait for the normal transaction fees in a few days because when the price decreases there is an impact the transaction will be dense from the traders panic but we have now another alternative network option to withdraw the token from the exchange but if the asset is from the ETH network wallet then there is no other option but to wait for the transaction fee will be normal.

migrating is one way to solve the problem with ethereum but generally one couldn't really fully migrate over to the other blockchain.
the reason being, the other blockchain have different ecosystem and by different is like really different, even ethereum and bsc have masive difference ecosystem and the token deployed is quite different, meaning that sometime you have no choice but keep using ethereum, maybe layer 2 is better solution than just instead having some drastic effort of migrating over to other blockchain like polygon,it's a lot similar with ethereum too, even it used ethereum as a gas fee in which other blockchain isn't doing, but the implication sometimes, the fee usually also follow ethereum despite only portion of it.

There are a lot of worthless "meme" coins on both Ethereum and Bitcoin blockchains (especially ETH). How can we expect gas fees to decline when the network is being flooded with "meme" coins like crazy? Either developers scale the Blockchain by introducing network upgrades, or everyone moves to off-chain (L2) scaling solutions altogether. The hype won't last forever, so there's hope fees will get cheaper soon.

If you're in a hurry, you can use an L2 scaling solution such as Arbitrum or Optimism to save big on gas fees. Or you can use an alternative Blockchain network such as BNB or TRX for complete peace of mind. It would be a "miracle" if Vitalik Buterin and his team manage to solve the "Blockchain Trilemma". That would make ETH the best solution for everything. Good things take time to build, so I have no hurry to see this happen anytime soon. Just my thoughts ;D

As far i know, metamask allows to edit your transaction fee but i Don't recommend that. Cause durning high network activity, it may takes a day to compete transaction. Thats why its better to have fund on exchangers so that you can convert anything without giving fee or use bsc network for transactions.  But 9$ is a pretty fair amount if you remember those days when ether needs 100$-250$ per transactions durning high network activity.

ETH gas fees are a joke but a reality. I've also tried it too. But if the context is in the ETH network we definitely have other ways to get out of that situation for example we can process the transaction when the Ethereum network traffic is low, like in the middle of the night or during a period of inactivity and one of the other options is to set the gas price level for example if someone made a transaction using Trust Wallet at the end of the command before entering the requested written amount, Yeah. Just edit and than Enter.

some time ago Ethereum Gas Fees had dropped to $ 1, and there were lots of transactions and made the network very slow,
this is proof that Ethereum really can't provide the best now even though Ethereum 2.0 has been completed but in reality it is still expensive for Fees,
this is clearly a a loss because we know that Ethereum still has a lot of users, and I miss the old Ethereum because of the cheap Gas Fee.

I used to like doing transactions with ETH GAS Fees. The fees were very cheap but now they are very expensive for small transactions. Now I prefer to make transactions in BNB or Polygon. I prefer BNB for its fast and easy transactions. Yes, for me ETH GAS Fees at this time is a joke that must be found a solution.

Last week was unbearable for me. Had some Eth, Matic on eth network. Wanted to move like 60-110 bucks at most. Gas fee’s was literally from $23-58 depending on time and day. Had to stay up late until 2 am one day and tried finally saw like $9 lowest fee.

I understand your frustration with high gas fees on the Ethereum network. Gas fees have indeed been a persistent issue on Ethereum, especially during periods of high network activity. Ethereum has experienced significant growth and adoption, which has resulted in increased demand for block space and higher fees.

when the network is high that will happen,please note that while adjusting gas fees or exploring alternative wallets may help reduce transaction costs, they are subject to the current state of the Ethereum network and market conditions. It's always recommended to research and evaluate the specifics of the wallet or service you choose to use to ensure they meet your needs and align with your security requirements.

Locking this thread as it has become a bee's nest for AI-generated robot replies. Thanks but I don't need ChatGPT to figure out that crypto fees are becoming a sad story.