slaman29
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March 22, 2021, 12:03:54 PM |
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There is no solution other than to keep monitor of the average gas price of 10 blocks earlier and if you happen to be lucky enough you might find the right time to send the tokens since some people said the gas price fluctuates a lot and it could go down as much as 80 gwei per gas. it's really tricky though but definitely worth trying.
Nah, I still think you can always set a low gas fee of about half of what they recommend on gas station or gas tracker. It won't be super fast but it will take under an hour in my experience, if not just minutes. And bear in mind that estimates currently equate to about 30% actual cost of the estimate so it's not always as high as is shown there on the boards.
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meanwords
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March 22, 2021, 12:35:28 PM |
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There's no real solution for now. You can either wait for it to lower for a bit (there are times when gwei go 90 as viable or even 80) or don't use ETH at all. I'd prefer the latter because it just doesn't make sense for a fee to be $20 (and that's actually the price after transferring) when you're only going to transfer less than $100.
I really don't recommend ETH right now.
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gabbie2010
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March 22, 2021, 12:39:34 PM |
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Everyone will have to know how to accept it, but I have a little advice about ERC20 transactions lately, and I personally always do it. The first is to determine how you transact, moving tokens on the network will incur a lot of fees. I see this very clearly, so always recalculate if that transaction makes me more profitable. I can fully accept those fees. And vice versa for the transactions that I see more loss, I will choose not to trade anymore, but this time I still hold, so I feel transaction fees are not a big problem to me.
I wouldn't mind the amount of transaction fee for the token to be sent successfully at least with a reasonable gas fee and I also consider the value of the token to be sent at the exchange which if it a reasonable amount and profitable after deducting the transaction fees. It is not advisable to send a token whose vakue is less than the transaction fee I will rather continue to hodl possibly it value might increase and gas fee reduce in the nearest future.
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dhemasm
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March 22, 2021, 12:43:36 PM |
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If your tokens only listed on DEX, Let's say Forkdelta or Uniswap then the best way to do is waiting until the gas price was lower. Basically it's happen on UTC Midnight Time, It will much lower (60-90 Gwei) Beside that you can use Layer-2 Exchange like 1 inch or maybe switching to other Network like Matic, BSC. Just hope EIP-1599 will fix this and also ETH 2.0 too.
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masterrex
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March 22, 2021, 12:59:19 PM |
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not the worst The days of the 21 gwei are long gone but we must move forward with the growing demand of cryptos. Now if sending tokens with a value of $10 will cost your $20 or more in fees this is very uneconomical and I can't take this anymore...I bet you can't take it as well ! So is there a way of calculating the most optimal fees without running out of gas or paying too much? I have used the metamask gas calculator and etherscan gastracker to get estimates but I think these are not cost efficient. What is the best way to get the best gas fees when moving Eth tokens? Those days of 21 Gwie transaction fee are gone and the unsustainable bidding system for executing a transaction without a threshold amount is only favoring the miner's pockets If we compare in 2017 Bullish Market trend today's Transaction fees are too high to bear with ordinary users like me so it's better to find other alternatives like BSC and Tron to save more from those abusive TX fees.
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Apnaworld71
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March 22, 2021, 01:19:25 PM |
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I have a little guidance about ERC20 exchanges recently, and I for one generally do it,I keep thinking about whether those long stretches of modest gas expenses will at any point return again,I can't sell any coin on the off chance that I trust that day will come,The first is to decide how you execute, moving tokens on the organization will cause a great deal of fees.And remember that gauges at present liken to about 30% real expense of the gauge so it's not generally as high as is appeared there on the sheets.
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Koro-Sensei
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March 22, 2021, 01:44:32 PM |
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Eth 2.0 is the key to this. All we need is to wait til april probably for this thing to be resolved. Or even more so go to other platform where you can save up like Tron.
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FairUser
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March 24, 2021, 02:30:26 PM |
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Everyone will have to know how to accept it, but I have a little advice about ERC20 transactions lately, and I personally always do it. The first is to determine how you transact, moving tokens on the network will incur a lot of fees. I see this very clearly, so always recalculate if that transaction makes me more profitable. I can fully accept those fees. And vice versa for the transactions that I see more loss, I will choose not to trade anymore, but this time I still hold, so I feel transaction fees are not a big problem to me.
I wouldn't mind the amount of transaction fee for the token to be sent successfully at least with a reasonable gas fee and I also consider the value of the token to be sent at the exchange which if it a reasonable amount and profitable after deducting the transaction fees. It is not advisable to send a token whose vakue is less than the transaction fee I will rather continue to hodl possibly it value might increase and gas fee reduce in the nearest future. That is exactly the message that I hope OP can understand. The point is that many people still accept the same loss while trading. Perhaps that will help them be able to trade better in this space.
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mdzahed134
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March 24, 2021, 05:43:59 PM |
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Etherum network fee is too high in anywhere. No effective way to less fee but most of the time i made transaction from Myetherwallet there is much less fee in the midnight(in my location) but forum time 10:00PM-11:00 PM, In this time Gas fee reduces 80-90 gwei in average transaction. You can try on this time to get a bit less fee.
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oprahwindfury
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March 24, 2021, 08:05:47 PM |
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To move ETH tokens requiring little to no effort there is by all accounts no chance to get now other than hanging tight for Gwei's less expensive charges from now, since whatever we do, there will in any case be no modest path right now, particularly on the Ethereum stage.
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MuffinMaster
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March 25, 2021, 01:45:13 PM |
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You can't do anything to lower the price of gas except checking it throughout the day. Right now its $6.67 (~184.00 Gwei), it changes throughout the day and in my region its a peak at midnight while it goes down in the morning. But every day it could be different, so you have to check it in your time zone, it is the only way as I know.
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Spaffin
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March 29, 2021, 05:48:10 PM Last edit: March 29, 2021, 06:01:21 PM by Spaffin |
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High fees affect almost every user who transfers small amounts of cryptocurrency funds. Some assets do not even make sense to alarm, because the total value of this asset may not be much higher than the price per transaction. Today, if you carry out transactions at night, and this is confirmed by many users, that is, the opportunity to conduct a transaction is much cheaper and today made a transfer for 80 Gwei.
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ene1980
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March 29, 2021, 05:55:08 PM |
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To move ETH tokens at a low cost there seems to be no way at this point other than waiting for Gwei's cheaper fees from now, because whatever we do, there will still be no cheap way at this time, especially on the Ethereum platform.
Most of the investors are waiting for the fees to get cheaper for a very long time and the waiting gets irritating for many and that is forcing some of the developers to switch the platform and if the fees does not gets lower before the major correction many will be agitated as they will be loosing a lot of profit and that will affect them in the long run.
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ecnalubma
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March 29, 2021, 06:22:41 PM |
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Gas fees is insane and we cannot do anything at the moment we have to deal with until the Ethereum update will roll out. I use to interact with NFT smart contracts twice or thrice a month before but now in order save expenses I only do it once a month except for very emergency and important transactions.
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