Uniswap

[nenadv99]

did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...

[MonsterV]

im not trade on any dex exchange because of high ethereum fee, currently the gwei price is almost hitting 130, 1 transactions on uniswap will cost you about 5$ maybe or more because of Dex are consume much gas limit than normal transactions we do on transfer, also there is 2 transactions you need to deploy on uniswap that cost you much money to trade, currently im avoid to trade any DEX exchange until the gas price is down below 10 gwei per transactions, well if you are whale that having much capital do to short profits, i think its okay now before the gas rise to 300 gwei like before.

[jambul_kribo]

did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...

yes i did, few days ago i am buying YMPL token worth of 0,17 ethereum but its fee around $10.its really insane for me why ethereum gas fee could skyrocketing like this. i am calculated if i am buy and sell its gas fee with doubled and really hard to achieved high profits now. i am thinking twice to trade in uniswap beside fee reason , there are alot fake token there.

[Yaunfitda]

To see clearly, check this out:



https://cryptofees.info/

Uniswap v1 and v2 alone surpasses bitcoin, so obviously the hype is still very up in the air and I don't that fees are going to be lower. In fact, as the bubble grows, we might see it balloon to insane numbers.

[Jating]

High fees are bad for traders/investors in my opinion, it's just like you need to have a minimum balance just to be able to withdraw and get at least a decent profits.

However, I would also like to stress that high transaction fees are an indication of the bullishness of the market and liquidity, similar to what we have seen during the last all time high, specially on bitcoin. And if the fee is lower, everyone can spam the hell out of that network, causing it a slowdown. So there's a lot of pros and cons, its really up to us on how to weight everything on our favour.

[bbcolex]

This gas craze going on with decentralized exchanges are crazy, this is why I still prefer to trade on tier 1 centralized exchange. FOMOS and hype will be gone soon, I just hope this gas fees being charged by dex will be lessen its a big turn off.

[bobyhodob]

~

well if it's like this and when the project can't be opened and has access problems, it ends up making a lot of people lose money and that will definitely make the cryptocurrency name worse again, so therefore you should be careful when you want to enter a project like this, do not let you lose.

[Serco]

This gas craze going on with decentralized exchanges are crazy, this is why I still prefer to trade on tier 1 centralized exchange. FOMOS and hype will be gone soon, I just hope this gas fees being charged by dex will be lessen its a big turn off.

on uniswap hype on fire now, each new project asked they will listing in uniswap or not.eventhough transaction gas very high , traders dont care about it. if each trade need gas around $10 so we will charge $20 for each buy and sell. trading on centralized exchanges will not required high fee like uniswap but there is no hype there.

[Fundamentals Of]

I have not tried trading at Uniswap. But if what you've heard is that the fees there are insanely high, then I recommend you not to trade there.

A couple of little pieces of advice here:

First, don't get FOMOed, especially over shitcoins. You are more prone to get scammed if that is your attitude.

Second, please be very careful about coins being traded in Uniswap. There are so many fake tokens there. With your attitude of chasing small profits from shitcoins, you might end up buying a scam token.

Do some research. News are everywhere about Uniswap being swarmed with fake tokens.

Take time to read these:
https://cryptobriefing.com/defi-exchange-uniswap-is-being-swarmed-scam-tokens/
https://cointelegraph.com/news/fake-tokens-on-uniswap-are-trying-to-cash-in-on-defi-hype
https://www.investing.com/news/cryptocurrency-news/fake-tokens-continue-to-plague-uniswap-2270356

[Jackl87]

Yes gas costs on uniswap are insane.
Most of those new Defi projects launch on Uniswap first and as a normal user you have almost zero chance to get one of those tokens for the listing price.
Big whales are already waiting with their bots and 2000+ gas settings to get all the cheap tokens 1 sec after the uniswap pool is created. Pretty crazy and unfair, but that's how it works.

[cabron]

Despite the high fees we are seeing lots of traders going there on uniswap. Catching profits before the dumps for shitcoin would be good but this is if you can do it the first. Also make sure of the contract address of that shitcoin, there are fake ones.

The defi seem to have offer rooms for arbitrage trading through the flash loans and going to uniswap  and back to the lending platform which many have been trying. Very risky but must be worth because the prices and trading fees are ignored because of the price difference.
.

[zulfi125]

I was trying to swap another token, but when I see the fees then i rejected the transaction the fees was $7 for little tokens amount, I suggest if you want to do trading on Uniswap, then you should try to buy the token at low prices and sold out 2x or 3 x profit, it will be costly, and you will be charged from $5 to $7 fees due to high Etherum network fee

[nenadv99]

those 3 are on my aim list and they will probably go far, but the dam fees...

https://coinmarketcap.com/currencies/yflink/
https://coinmarketcap.com/currencies/yffi-finance/markets/
https://coinmarketcap.com/currencies/yfiexchange-finance/markets/

[Kopetunto]

did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...

Uniswap is currently being talked about a lot, because many new DEFI projects are listed there and the increase is very high,
but indeed the cost is very expensive, making me reluctant to use it.

[dataispower]

did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...

First of all be careful how you fomo into shitcoins on uniswap, there is no stop loss function. Also do not use coin ticker to buy a coin, it might be a wrong coin entirely, always use smart contract address. For fees, eth network is congested due to the DEFI hype and other factors, I spent 18$ today as fees on a 450$ swap on uniswap today. Always watch your slippage tolerance, do not use too high slippage.

[Anarchy101]

Fees are insane due to crazy gas fees of the ETH network. I frequently trade on uniswap exchange and paid as high as $40 and as low as $3 as a transaction fee. I avoid trading a small amount on uniswap when ETH is clogged.

[jacafbiz]

Uniswap offering is different from CEFI and those people using it understand the price they need to pay, but I believe with better scaling means the transaction fee would come down. There are reasons the volume is going up, today the trading volume surpass that of CoinBase today and I expect it to keep eating deep into CEFI volume

[AmoreJaz]

did you guys try trading on it? i heard fees are insane. how much gas i pay for lets say 100$?
im fomo with bunch of shitcoins there as they grow insanely, i wanna catch some profit there before coins dump...

I just want to ask you, why you still want to try it or know about it if you already know of so many negative reviews, like you said the fees are insane, bunch of shitcoins etc. For me, I would stay away from any exchange if I didn't know about it and don't forget it's DEX, and ethereum fees are very high. Choosing Uniswap is a bad solution

as the usage of uniswap is getting popular these days owed to the DeFi hype, expect that the fees will be high. dont be tempted with the current hype as most of them are really crappy projects. if you will look at their foundation, check their whitepaper - and most of them have existing allegation as plagiarized whitepaper, no team members published, generic roadmap and so on...
 so as a piece of advice, do your own due diligence before joining aboard to avoid loss of funds from these projects!

[cryptoperkele]

Yeah, it's pointless for me now. I can't sell $10 worth something without paying $20 in fees. I need to wait for the gas prices to calm down a lot before i even take a look at that again.

[pathapoddo]

I also tried to buy some shitcoins from uniswap and catch some profit. But I don't think it's worth for the person like me who have really small amount in hand to do some trade. The fee is highly insane. Yesterdays I tried to buy a token of 0.5eth, The gwei was 145. It almost took 7$ of my wallet as fee. That means I am already on 7$ loss. So, I don't think it is worth for me I would rather go to binance and try some day trading.