Uniswap

[ahmia39]

You are right, decentralized exchanges is good, but gas fee is so unfriendly that even small transactions can use higher gas that is beyond estimation. If this can be more cheap in the future I think many traders will use it. Sometimes there were times when I wanted to sell my tokens but because the gas was so crazy I finally gave up.

Yes, the average constraint on token sales is the gas costs when making sales transactions, because if the gas costs for that transaction can be cheap on average on all exchanges, then all exchanges will always be used by everyone, whether decentralized exchanges or not. , it's just that this is always different on each exchange.

[bgaf]

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 and as much as I wanted to do trading I cant force myself to do much trading cause the gas fee is insanely high. I would stop trading for while cause the market seems to be really a messed up. I wont be spending so much for gas. So instead using dex for while Im gonna trade on cex since the fee on uniswap can even eat my funds.

[bakasabo]

The fees are very expensive at this time, if you want to trade there you have to have a large capital. For now even small transactions have to pay a minimum of $ 4 in fees

Does uniswap have option to manually set fees ? I havent used uniswap yet. To me it looks like another forkdelta, where you can trade tokens added by yourself (means you can trade anything). How long does it takes for tokens to get to uniswap and be ready to trade?

I have some tokens that I'm ready to trade on uniswap. Even $4 fee does not frighten me as long as my transaction will not be lost and be quick (dont want to wait hours for a trade, that might end with "order is no longer available")

[Galley]

If you have a desire to tickle your nerves, then you can work with Uniswap. High gas commissions, the ability to purchase fraudulent tokens, and the illusory hope of getting rich quick, you will get the full adrenaline rush.

[Upgate]

Uniswap has made trading to become more easy and simple without the stress of passing KYC.
The $30 charge of ETH for each transaction is not encouraging cos it has hinder for so many transaction for the past some days now.
Only for this few days, the money ethereum has made from the high cos of ETH charges, is way more bigger than 2017 bull season of ethereum combined

[Danslip]

Yes, it was not a good experience due to ridiculously high transaction fees. Will never try to test the Uniswap even if the gas fees per token transaction goes down. I shouldn't be supposed to pay $8 per transaction on DEXs, normal standard exchanges will do a jog too. Around $3 fee is required for sending a small ETH and ERC-20 altcoin transaction, compare the stated numbers and find the statistical edge between different years.

[zasad@]

Does uniswap have option to manually set fees ? I havent used uniswap yet. To me it looks like another forkdelta, where you can trade tokens added by yourself (means you can trade anything). How long does it takes for tokens to get to uniswap and be ready to trade?

I have some tokens that I'm ready to trade on uniswap. Even $4 fee does not frighten me as long as my transaction will not be lost and be quick (dont want to wait hours for a trade, that might end with "order is no longer available")

To trade on uniswap, you must connect your wallet. In the settings of this wallet, you can set the cost of commissions. Sending a token costs $ 10-20 (sending Ethereum is always cheaper, because smart contracts are not used), you may need to pay more for a fast operation.
For example, getting a loan, swap tokens on uniswap and 1 inch and repaying the loan costs 300-400 dollars And for this to be done in the next block, you need to pay 1200-1600 dollars.
Try Tron, this ecosystem has very cheap transactions

[qomariah95]

I once traded at uniswap. What many say about the high cost. That is true, but also all in accordance with the ethereum network gas costs. if it is high, then the cost will be higher too. maybe i will no longer use uniswap exchange. if only selling tokens with a low estimation.

[xOdiumNostrumx]

I successfully swapped on Uniswap couple of times and it was a mixed bag, putting the insanely high swap fees on the side, failed transactions were even a bigger pain in the ass. At the moment Uniswap is more of a playground for whales as they can afford the high costs of trading there, but still, its a much welcomed tool for an occasional trade or two.

[Coin_trader]

I successfully swapped on Uniswap couple of times and it was a mixed bag, putting the insanely high swap fees on the side, failed transactions were even a bigger pain in the ass. At the moment Uniswap is more of a playground for whales as they can afford the high costs of trading there, but still, its a much welcomed tool for an occasional trade or two.

The main reason why uniswap is still famous is because they have the biggest liquidity pool for an AMM DEX that's why it's perfect for a whale with a huge amount of money that enjoy staking profit. The current situation of DEX is not for a small time trader because the fee cost 35$ per transaction and you will still wait a minimum of 15mins per transaction.

Uniswap is the proof that Decentralized exchange is not ready to cater a huge volume of transactions compared to Centralized Exchange which process all transaction off chain that's why it was fast.

[Romanianz]

Don't get FOMO, there is some reason I don't trade in Decentralized Exchange, high fees, fake token, and I just not like the model
let use the third reason.

[H1N1]

I don't trading on uniswap, the decentralized exchange fees for Ethereum network is very high at the moment.
It can cost about 450++ gwei per transactions which is insanely expensive for only $100 transaction.
If you want to trade, just use the centralized exchange like binance, you don't have to pay gas unless you withdraw the coin.

[tokoorochan]

I don't trading on uniswap, the decentralized exchange fees for Ethereum network is very high at the moment.
It can cost about 450++ gwei per transactions which is insanely expensive for only $100 transaction.
If you want to trade, just use the centralized exchange like binance, you don't have to pay gas unless you withdraw the coin.

gas fee not be main reason for me why i am avoid trade on uniswap. i am just not familiar with project there, suddenly there are many new project listing in uniswap with any intoduction in any crypto forum or crypto site but have high hype. and even many of them have no whitepaper or roadmap yet. i am so strange when see this and unfortunately many investors buy it.

[Annamike]

One of the major reasons why I avoid Uniswap is for the insanely fee, I tried to swap a small token amount of less than $100 and i was charged more than the amount I want to transact, I just had to cancel the transaction

[mdzahed134]

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...

Still now i didn’t use this decentralized exchange though mostly DeFi coins listed here. I think here you have to cost of fee 10$+ for against 100$. Even i never heard this exchange before DeFi hype. Right now ethereum network fee is too high that's another reason why i avoid the uniswap exchange.         

[xOdiumNostrumx]

Right now it is actually easier to operate as an Uniswap trader as the ETH network is less saturated than it has been only 2 or 3 days ago, but on the other hand, the chances of scoring insane ROI-s is lower as most people are waiting out this massive market sell-off and are avoiding any kind of trading, so its kind of a double edged sword.

[Iyeman]

One of the major reasons why I avoid Uniswap is for the insanely fee, I tried to swap a small token amount of less than $100 and i was charged more than the amount I want to transact, I just had to cancel the transaction

This problem will never be resolved because it totally depends on the ethereum network. once ethereum network is still having a lot of traffic that wanna send their asset with very high fees and then it will never going back again to the bottom again.
Im also using another blockchain and try to star away from ethereum chain riught now. I wanna send $10 worth of token but tx fees cost me more than $20 and that's totally non sense. 

[hrunya102]

At the moment, fee in the Ethereum network are returning to normal, and now you can try trading on Uniswap again, although it may not be for a long time.

[djmixen]

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...

Some said here that UNISWAP is the best DEX platform to use at the moment according to them.
Although, I never try to trade to this exchange because so far only IDEX that I used most of the time now.
Then, the rest of the platform that I most often used are Binance, Bibox, Kucoin, Bittrex, Houbi, and Bitforex.

[SyndicateLabs]

At the moment, fee in the Ethereum network are returning to normal, and now you can try trading on Uniswap again, although it may not be for a long time.

It is still quite high compared to the time before, now each transaction will cost us $ 1 or less. Hopefully gas fees can continue to drop in the future so everyone can make transactions as smooth and inexpensive as possible.