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Author Topic: ETH ideal transaction fee using MEW?  (Read 322 times)
marilynmanson21
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November 30, 2020, 02:25:45 AM
 #41

It also depends on fee gas and you can check it here: https://etherscan.io/gastracker
When using metamask I always set up everything to trade at normal speed and I realize that it doesn't take too long and the fees are not too expensive (always under 1 $).
Normal speeds are usually not more than 2 minutes, usually under 1 USD, but if the ETH network is congested, ETH transaction fees can be very expensive, for normal speeds it reaches 3 USD for a single transaction and if you want to be fast, at least prepare a transaction fee of 7 USD to 10 USD.
NoG-NoG
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November 30, 2020, 04:24:35 AM
 #42

Code:
Warning! Error encountered during contract execution [Out of gas] 

i tried sending about $50 to someone using the browser extension of MEW on firefox. i pick the fast transaction that the MEW set for users and the gas is about $1.10, but why do i get the error " Warning! Error encountered during contract execution [Out of gas] "?

i tried slow, average and fast all transactions didn't went thru so i want to use the advance option, how much should the ideal fee to put for transaction to go?
I think its not about how fast the transaction method and the price of the gas is but maybe it is because there is just an error while you are having a transaction. There are times that this error happen to me while having a transfer transaction as well what I did is I do another transaction and it works afterwards. In addition, the ideal transaction fee in MEW is less than a dollar.
Banulit
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November 30, 2020, 05:06:24 AM
 #43

The price of the gas fee in myetherwallet varies from time to time so there is no really a fixed price but if you wanted to atleast make a transaction even if it will be slow then the ideal fee is lesser than a dollar. However, if you wanted to make your transaction fast then it will really costs you higher than a dollar sometimes ranging from 3 usd up to 10 usd.

trauchot
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November 30, 2020, 09:24:24 AM
 #44

Unfortunately, the gas prices of transactions on the Ethereum blockchain are constantly changing and at any time a different amount of ETH is needed to make a transaction and therefore you should always check various websites where the gas prices are shown at the moment in order to set the correct gas price and so that your transactions will be successful.
arteis406
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November 30, 2020, 11:08:21 PM
 #45

There is no ideal Ethereum fees, because Ethereum Fees are always unstable,
this makes Ethereum users if they want to transfer they have to check the gas station first, https://ethgasstation.info/,
if GWEI is getting bigger then the fees are also getting bigger, currently low The Gwei is at 30, pretty cheap

yes, I always check before making a transaction. but if I want to do a SWAP on uniswap and the price soars I will do it right away even though the cost of GAS is expensive. so, I can cover the cost of GAS from this profit

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