I recently have a problem with Bancor lately. I got two tokens that I want to swap to Ethereum. The customer service said that I may need at least 0.02 ETH in my balance to cover gas fees and I did deposited the exact amount of it.
However, when I tried to convert one of them to Ethereum, it always says "Insufficient gas fees". I get back to the customer service about this issue, and he said that it may be either network congestion or I need to add a bit of an amount again.
How come that Ethereum is under network congestion when I had no problem waiting on transferring my tokens from exchange to Trust Wallet, and then Trust Wallet to Bancor?
Does it mean that Bancor's conversion fee is more than 0.02 ETH? Do enlighten me please! Thank you!
It's been a long time since I used the bancor platform but didn't they used to allow us to set our own gas fees? For swap usually, the gas fees are bit high I have noticed that on many platforms.
But Bancor can also set the cost of gas manually, even though it is not running optimally. I see an Advenced Setting on the Convert.
In the process of sending can also arrange transaction fees.
However, the Paraswap are still using the beta version. And in general Swap cannot regulate gas costs.