Bitcoin Forum
June 21, 2024, 07:07:48 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: estimate gas fees erc20 token purchase  (Read 202 times)
Fesatmas
Sr. Member
****
Offline Offline

Activity: 2268
Merit: 275



View Profile
April 01, 2021, 02:45:07 PM
 #21

thank you all guys, so if i am buying the erc20 from binance i am not paying the gas fees?

i pay it only if i move it within a dex?

Right, so you've got the right choice, haven't you?
You just have to choose from each option so you don't pay a penny. because you have to have a consideration, especially at times like now many avoid the cost of GAS if the profit cannot cover the results obtained. do not make you lose more than anything.

.
DuelbitsSPORTS
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10% CASHBACK
          100% MULTICHARGER
dhemasm
Full Member
***
Offline Offline

Activity: 1829
Merit: 134


Moderator


View Profile
April 01, 2021, 02:56:14 PM
 #22

I am about to buy some erc20 tokens, but the purchase would be a couple of hundreds USD each

I'd like to check the transaction costs, amount of gas needed to see if it makes sense for me

i have read that metamask provide you an estimation, but I am not using it, using MEW instead

tks
Try using metamask, It's give you total Estimated fee and gas price and it's more safer and easy to use, If you want less fee try to check total Gas used on token transaction and you can see how much gas used for that entire txn. Well it's more simple to use metamask, better use that since some dApps was connected using Metamask, Good luck!
fia_naila
Sr. Member
****
Offline Offline

Activity: 770
Merit: 258


The Standart Protocol - Solving Inflation


View Profile
April 01, 2021, 02:59:00 PM
 #23

Erc20 token could cost you very high gas fees, if you only buy $100 the gas fees it self could be $20 and please consider the fees for selling it back. It could cost you $20 or more. But if you think that erc20 token could give you at least 50x of the price you buy, then buy it. Especially if the token only listed on uniswap. Uniswap vould cost twice the gas fees to send token.

Decentralized
Asset-Backed Banking

  ▄▄██████████████████
 █████████████████████
█████▀▀
████▀    ████
████     ████
████     ████
         ████     ████
         ████    ▄████
               ▄▄█████
█████████████████████
██████████████████▀▀ 
TheStandard.io█▀▀▀











█▄▄▄
▀▀▀█











▄▄▄█
████████████████████████████
████████████████████████████
████████████████████████████
█████████████████▀▀  ███████
█████████████▀▀      ███████
█████████▀▀   ▄▄     ███████
█████▀▀    ▄█▀▀     ████████
█████████ █▀        ████████
█████████ █ ▄███▄   ████████
██████████████████▄▄████████
████████████████████████████
████████████████████████████
████████████████████████████
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!