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Author Topic: How to avoid big commissions to pay ethereum ?  (Read 554 times)
TeslaMotors (OP)
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September 02, 2020, 08:28:12 AM
 #1

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
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September 02, 2020, 08:42:36 AM
 #2

Do not use ETN for small transactions. Lots of coins around. I have repeatedly heard stories that people pay commissions as the transfer amount itself.
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September 02, 2020, 08:56:49 AM
 #3

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

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September 02, 2020, 07:54:49 PM
 #4

There seems to be no solution to the high gas or transaction fee on the ethereum network. The only thing we can do is just try to avoid unnecessary transactions and wait for fee to go back down to normal ranges. If the high fee remains for more time it will not be easy for small traders, scalpers and flippers to survive.

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September 02, 2020, 08:29:26 PM
 #5

Better do sure transactions only, Gas fee wwill still be too high since there is a a high demand for transaction within the network and many is using these due to DeFi hype, many projects appear. Many investors were active and are doing trading. It will take more time before this hype ends so we need to bear this till then.
The only solution is to use other network or adjust to smaller fee and wait longer for approval of transactions.. You can also try to do a good trade so fees will not be a problem since you'll only get it from your profit.

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September 02, 2020, 11:50:21 PM
 #6

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
The only way that you can do to convert it into another coin that has better scalability. Im always converting my ethereum to the binance coin to get the low fees. You can do nothing about that as the fees will be determined by the network itself. It's better waiting for the traffic to go down before trying to create a transaction.

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September 02, 2020, 11:56:05 PM
 #7

It's high time we got a system for interoperability. Where coins on different blockchains are inter connected and that the only fee you have to pay is the native coin of the said wallet that enables that function.
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September 02, 2020, 11:59:03 PM
 #8

You don't pay for the commission, you pay for the transaction fee. And just like any other cryptocurrencies, we pay for a fee as we transfer.

Refer to https://ethgasstation.info/ if the fees are low or high for you. If it's low, transfer and if it isn't, wait until it becomes lower for you. But if you pay low, your transaction will be delayed or stuck just like the people that have shared it through posting it on the forum.

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September 03, 2020, 03:44:46 AM
 #9

There seems to be no solution to the high gas or transaction fee on the ethereum network. The only thing we can do is just try to avoid unnecessary transactions and wait for fee to go back down to normal ranges. If the high fee remains for more time it will not be easy for small traders, scalpers and flippers to survive.

And use other crypto currency for sending this is not a good time for ETH to send any transaction mostly if you are just small holders for ETH or any ETH platform tokens.  The fee is too much for low capital traders instead of earning you will lost money for sending as gas fees.

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September 03, 2020, 04:57:48 AM
 #10

The only way for you to avoid to pay the big commission when you are wanna creating a transaction in ethereum was waiting for the network to go back into the normal traffic. There was no ETA about when this will be happening and if you are wanna sending your amount from your ethereum wallet to another wallet and be patience until the network will be going back again to the normal traffic.

this time the fees are starting to go down again. There was no another solution except using another blockchain.

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September 03, 2020, 05:15:53 AM
 #11

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
If you lower the gas fee from recommended gas fee then the confirmation time will get longer and if it is too low then the transaction will get stuck for weeks or until you increase the price again using the same hash.

So if you want to pay less fee then better go for other altcoins which is more cheaper or wait for the ethereum to get back into normal.
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September 03, 2020, 05:25:33 AM
 #12

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?

Do nothing. Everyone is struggling to make transaction especially on uniswap cause the fee is let just say consist of big money. So if you have tokens traded on uniswap but have centralized market, then better to send that to those instead paying for a huge premium eth for a simple trasaction.

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September 03, 2020, 05:32:54 AM
 #13

OP, If this is not urgent things, for example, you need money by selling ETH or Token based on ETH Chain then it would be better not to do right now, even if you choose a lower gas fee, it is still expensive because the difference is only around 30- 40 Gwei. But if your transactions is above $500 I don't think is matter for you to spend a high fee.

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September 03, 2020, 05:47:37 AM
 #14

If you are not in a hurry choose a low commission. Just look for a safe low fees and put the fees manually. You can easily save about 75% of fees if you set it manually and are ready to wait some hours. Use DEX if you are exchanging it to an ERC20 token. The deposit and withdrawal fees would be cheaper that way. Avoid transecting ethereum if you are concerned about the fees. But still ethereum fees are not as high as that of bitcoin.



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September 03, 2020, 10:40:44 AM
 #15

This is much concern lately the fee that you will be paying for ethereum transaction is very high. Just like what others said you may opt to choose other coins to do a transaction. It's not commission and every transaction we make their is a fees to pay. Or else pay the low fees but it will takes longer to process and completed. You have an options and it's your choice to take.
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September 03, 2020, 10:45:13 AM
 #16

if you're trying to withdraw from exchanges and liquidate it into fiat, sell your eth to xrp or xlm as they're quite fast to withdraw with a very low fee. don't use eth for now. wait before the defi bubble burst and everyone is sane again (at least to some point).
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September 03, 2020, 10:50:09 AM
 #17

The only solution seems to be waiting as ethereum network congestion is real.
I was thinking that it will be taken care of soon and a few days ago the fee did get low but it was quickly back up. Looks like there is no short term solution to this congestion.

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September 03, 2020, 10:51:43 AM
 #18

if you're trying to withdraw from exchanges and liquidate it into fiat, sell your eth to xrp or xlm as they're quite fast to withdraw with a very low fee. don't use eth for now. wait before the defi bubble burst and everyone is sane again (at least to some point).

I just got to know that the reason for the high transaction fee in the ethereum blockchain is as a result of Defi projects. Its really bad for ethereum to have allowed the network to go this bad, scalability should be considered to accommodate for the increasing transactions. We never can tell when the Defi hype would end so its best for a long term solution to be effected.
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September 03, 2020, 11:47:05 AM
 #19

I personally avoid doing transactions or trading in Dex when the fees is high. You can check 1inch exchange I heard that the fees are less there (not sure though).

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September 03, 2020, 01:44:32 PM
 #20

Now you cannot reduce transaction commissions. it's all about the popularity of Defi projects and I don't understand why people continue to pay so much money.

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September 03, 2020, 01:58:09 PM
 #21

In this situation, you can't really think of anything new. You choose from two options, which is more necessary for you. Either a fast and expensive transaction, or cheaper, but still expensive, but with the option to fail. If on the exchange, it is easier to transfer a more suitable blockchain into a coin and withdraw.
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September 03, 2020, 02:04:30 PM
 #22

If your ETH or token is on exchange for example kucoin, swap it to TRX or TRC20 tokens then send them, I have done it (sent usdt tokens to the TRC20 address) and was charged 0 fee. So please calculate and compare only swap fee rather than sending ETH/ERC20 token directly.

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September 03, 2020, 03:07:23 PM
 #23

Now you cannot reduce transaction commissions. it's all about the popularity of Defi projects and I don't understand why people continue to pay so much money.
I think it's because of an increase in prices on ethereum which ultimately makes the commission for mining very high, there must be a new development from ethereum that can provide a solution to this problem, because if not then many ethereum users will move to use other coins.

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September 03, 2020, 03:09:39 PM
 #24

Ethereum gass are really high at the moment,
my advice is just use only for big transaction and use when its lower than 30 gwei.  Wink
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September 03, 2020, 04:46:49 PM
 #25

not much is done when eth GAS is high, making everyone refrain from hoping GAS will go down, but many people do the alternative by exchanging other tokens, with lower fees,

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September 03, 2020, 05:01:03 PM
 #26

If your ETH or token is on exchange for example kucoin, swap it to TRX or TRC20 tokens then send them, I have done it (sent usdt tokens to the TRC20 address) and was charged 0 fee. So please calculate and compare only swap fee rather than sending ETH/ERC20 token directly.
It will cost more to exchange with ETH because their gas craze is really going to end, what is clear is that this can be stressed for us, I have always shied away from ETH transactions but now many have switched to cheaper trc20 with higher speeds .

I think now the commission has been replaced because the fees are too big it will burden many people.

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September 03, 2020, 05:02:52 PM
 #27

We have nothing to do about the high eth transaction fee right now. If you will put below minimum gas limit,your transaction will fail. Much better to convert your eth first to other coins if you want to make a transaction or wait until the gas price will decrease. Here in my country there is no problem if we want to avoid the eth high fees and make a transaction directly to our local wallet because we can convert our eth to xrp which have a very small transaction fee.

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September 03, 2020, 05:25:52 PM
 #28

They been issue since may with the Ethereum network due to Difi-apps

The high liquidations led to network congestions which affected gas prices. So now that it's been established that Ethereum and its DeFi apps could lead to network congestion, which dApp was to blame for last week's network congestion. The culprit this time around was Uniswap.
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September 03, 2020, 05:57:44 PM
 #29

Unfortunately everyone is facing this problem, transaction fee is killing right now,  you can not do anything about it as long as you hold an erc20 tokens you can can't escape the high gas fees, this is something we have to deal with in the main time, hopefully there will be some solution at some point.

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September 03, 2020, 06:01:25 PM
 #30

OP, If this is not urgent things, for example, you need money by selling ETH or Token based on ETH Chain then it would be better not to do right now, even if you choose a lower gas fee, it is still expensive because the difference is only around 30- 40 Gwei. But if your transactions is above $500 I don't think is matter for you to spend a high fee.
It is true, if it is not necessary then we do not need to create transactions at the moment, the gas fee is too high and it makes us pay a lot of money for it. If our transaction is worth over $ 100, we must pay a cost of about $ 4-5 to be able to make the transaction.
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September 03, 2020, 06:05:46 PM
 #31

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
I believe you can use ETH (TRC/BEP) from Tron or Binance Chain if you are really want Ethereum.

There is no different at all with the version ethereum of TRC/BEP, they are backed by Ethereum so you can hold by using ETH (TRX/BEP) for right now. I believe soon or latter the gas fee reach 1000 Gwei. If going to your personal wallets, some wallets have a feature swap on their wallets from Ethereum TRC/BEP into Ethereum with internal transaction so doesn't cost anything at all.

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September 03, 2020, 06:49:41 PM
 #32

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

It is true that this young man said, cosmic / gas is like a vehicle ex: going out of town by plane with high cost but arriving quickly or by car with low cost but arriving at the destination very slowly. all the choice is yours
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September 03, 2020, 07:59:56 PM
 #33

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
I initiated a transaction on the ethereum blockchain had to pay 8usd fee to miners to have my transaction processed.. something has to be done about this fee hike,.. else ethereum platform will lose alot to tron in the coming month..
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September 03, 2020, 08:19:11 PM
 #34

You can try to boycott Ethereum, use something else, but I wonder if there is no way to reduce the reward for miners ?

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September 03, 2020, 09:35:06 PM
 #35

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?

If you need to send tokens based on Ether from your wallet, then you have no choice but to use its network. Just wait for the night, usually at this time most traders are asleep and the cost of gas falls slightly. If tokens or coins are on the exchange, it may make sense to consider selling tokens for those coins whose network commissions are not so high.

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September 03, 2020, 10:16:39 PM
 #36

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
I think you tried to tell about the Gas fees. But that was not commission mate that is miners fees. If the miner stopped mining then trx will not confirm, so your coin will behold. I think you can set low gwei to lower the fees. If you are not making big payments and pay through other cryptos then you should avoid ETH. You can use LTC,XRP,XLM etc. And if you use ERC-20 or other ETH based token then there is no way.
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September 03, 2020, 10:28:09 PM
 #37

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
I think you tried to tell about the Gas fees. But that was not commission mate that is miners fees. If the miner stopped mining then trx will not confirm, so your coin will behold. I think you can set low gwei to lower the fees. If you are not making big payments and pay through other cryptos then you should avoid ETH. You can use LTC,XRP,XLM etc. And if you use ERC-20 or other ETH based token then there is no way.

trx ? trx is a coin , you mean to say tx .  small or big payments , the fees are still the same  . thats why its recomended to transact all at once and avoid transacting micro payments because you are only going to pay more on the fees . we cant just avoid using eth if eth is the only coin that we have and also eth is a coin that is accepted in many platforms  . cost for sending erc20 token is still cheap but cost for sending eth are the ones that has a high fee
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September 03, 2020, 10:30:11 PM
 #38

It is difficult to avoid related ethereum transfer costs, if you uses lower gas fees it can make the transfer process take longer.
The best way is to use other coins that have a much cheaper transfer fee. Like Tron, Litecoin and Ripple. Ethereum does have
quite expensive transfer fees right now, probably because there are a lot of hype DeFi projects.

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September 03, 2020, 10:34:29 PM
 #39

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
oh you mean GAS? currently Ethereum has expensive transaction fees, you have to pay a fee of $ 5 only for 1 transaction, imagine if you make a 10x transaction,
of course this fee is very expensive, all you have to do is sell your Ethereum and make the transaction in other altcoins like Tron , or Waves

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September 03, 2020, 10:37:46 PM
 #40

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?

i don't really know about cosmic comissions buddy, but if you mean gas fee, i think better to convert your eth to other altcoins such as doge or others, then you will pay less fee than use ethereum, thats if you want to send from exchange to exchange

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September 03, 2020, 10:39:30 PM
 #41

Unfortunately, you can't avoid paying high transaction fees in ETH blockchain due to network congestion but you have alternative choices if there is no need to use ETH or ERC20 tokens. You can easily track the current gas fee with this website and try to avoid rush hours by checking the numbers: (etherscan.io/gastracker). A few months ago, paying $0.2 was enough to send a token in the ETH network but now it is around $3 for the same transaction.

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September 03, 2020, 11:09:28 PM
 #42

There is no way to overcome ethereum transactions costs, but if you handle trading tokens on dex there are several solutions using additional token utilities to save a gas cost, for example on 1nch exchange which uses CHI tokens to save 50% costs when trading tokens on their exchange.

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September 04, 2020, 10:41:46 AM
 #43

Unfortunately, you can't avoid paying high transaction fees in ETH blockchain due to network congestion but you have alternative choices if there is no need to use ETH or ERC20 tokens. You can easily track the current gas fee with this website and try to avoid rush hours by checking the numbers: (etherscan.io/gastracker). A few months ago, paying $0.2 was enough to send a token in the ETH network but now it is around $3 for the same transaction.

I yesterday on the stock exchange Unisvap paid a Commission of $ 12. The price of the token I was interested in fell and it was profitable for me to buy it even with such a large Commission.
Soon, commissions of a couple of dollars will be fantastic.

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September 04, 2020, 05:56:25 PM
 #44

What I normally do now is to avoid making with using ETH even if my trading is ETH paid, when withdrawal, I use with TRX or XLM for my withdrawal and the fees are very good and with that I avoid Ethereum transaction fees

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September 04, 2020, 06:57:20 PM
 #45

What I normally do now is to avoid making with using ETH even if my trading is ETH paid, when withdrawal, I use with TRX or XLM for my withdrawal and the fees are very good and with that I avoid Ethereum transaction fees
The high gas has trapped my tokens for many days, I cannot sell them because the gas fee is too high. Hopefully investors' demand to join Defi drops so that gas fees can go down a bit. 1 $ is probably good for everyone

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September 05, 2020, 07:57:02 PM
 #46

Unfortunately, you can't avoid paying high transaction fees in ETH blockchain due to network congestion but you have alternative choices if there is no need to use ETH or ERC20 tokens. You can easily track the current gas fee with this website and try to avoid rush hours by checking the numbers: (etherscan.io/gastracker). A few months ago, paying $0.2 was enough to send a token in the ETH network but now it is around $3 for the same transaction.

Naturally, if you need to make a transaction between exchanges, you can make it using another blockchain. What should I do if you need to send ERC20 tokens from your wallet? After all, there is no way to change them in your wallet. And in this case, there are only two options: either pay a large Commission or wait until the gas price drops to an acceptable option for you.

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September 05, 2020, 08:12:15 PM
 #47

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!
OU YES, OU YES, this is the magic series of the world's supercomputer. It seems to me that the impotence of Ethereum was proved by cryptocats.

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September 05, 2020, 09:49:38 PM
 #48

Ethereum gas got back to 100, but it's back to 500 now that the price of Ethereum has dropped causing everyone to panic,
it's a big Ethereum problem, move to other coins, like waves or tron because the costs there are cheap

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September 05, 2020, 11:09:29 PM
 #49

Unfortunately, you can't avoid paying high transaction fees in ETH blockchain due to network congestion but you have alternative choices if there is no need to use ETH or ERC20 tokens. You can easily track the current gas fee with this website and try to avoid rush hours by checking the numbers: (etherscan.io/gastracker). A few months ago, paying $0.2 was enough to send a token in the ETH network but now it is around $3 for the same transaction.
Right, we can avoid rush hour by gastracker. That's how we can avoid only a single transaction cost. I think we shouldn't use decentralized exchange and ERC-20 tokens should move to centralized exchange. Now we have to pay one time at a high cost. We can hold Ethereum or any other coin on centralized exchange until this rush situation is over.
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September 05, 2020, 11:31:20 PM
 #50

Ethereum gas got back to 100, but it's back to 500 now that the price of Ethereum has dropped causing everyone to panic,
it's a big Ethereum problem, move to other coins, like waves or tron because the costs there are cheap
At this time, the cost of gas provided by ethereum has gone down, but when prices go up and transactions increase, it will make gas costs even more expensive, I think all cryptocurrencies when the price of coins is expensive will have an impact on transaction costs.

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September 06, 2020, 09:45:09 AM
 #51

Right now it is a good opportunity to execute any planned transactions as the ETH gas fees are back to the (new) normal. When this sell-off ends and we find the bottom, the fees will surely skyrocket again, so at least there is a single good aspect of this short term bearish craze that is happening right now.
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September 06, 2020, 12:42:15 PM
 #52

Right now it is a good opportunity to execute any planned transactions as the ETH gas fees are back to the (new) normal. When this sell-off ends and we find the bottom, the fees will surely skyrocket again, so at least there is a single good aspect of this short term bearish craze that is happening right now.
Not completely normal, like in the past few months, for fast transactions it only takes about 20-40 Gwei, but at least it is lower than the initial date, the OP asked about this, and there are also those who say that usually, weekend gas fees will be lower than weekdays.

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September 06, 2020, 03:24:21 PM
 #53

Do you mean the transaction fee, mate ? You cannot avoid to pay transaction fee because your transaction will need to be picked up by miners in the network. Ethereum blockchain transaction fee is very high at the moment, there is no way to using low fee.
If your Ethereum coin is on exchange, you better sell it to other coin first and then send the coin to your address.

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September 06, 2020, 03:27:12 PM
 #54

Looks with the defi and yield farming bubble bursting soon eth transaction fee will be back to normal. Thank God it was terrible paying so much fee and i see fee gone down considerably already and it will drop more in coming days.

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September 06, 2020, 05:03:31 PM
 #55

Right now it is a good opportunity to execute any planned transactions as the ETH gas fees are back to the (new) normal. When this sell-off ends and we find the bottom, the fees will surely skyrocket again, so at least there is a single good aspect of this short term bearish craze that is happening right now.
Not completely normal, like in the past few months, for fast transactions it only takes about 20-40 Gwei, but at least it is lower than the initial date, the OP asked about this, and there are also those who say that usually, weekend gas fees will be lower than weekdays.
when transactions only require Gwei under 40, when ethereum prices are still very cheap, whereas when ethereum prices become expensive and ethereum transactions increase, it will make gwei costs go up and very expensive, that's the only benchmark I know, while weekdays or weekends I don't think it really matters.

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September 06, 2020, 05:11:37 PM
 #56

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

I would suggest to not alter the gas fee suggested by the wallet.  I have tried changing fees on MEW and lowered the gas needed for the transaction and it took me days until I canceled the transaction by sending an empty transaction to the same address I am using with the standard gas fee.

If you wanted to avoid high gas fee of ethereum there is no other way but to use other blockchains for transactions such as XRP, Doge, LTC. 

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lumeire
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September 06, 2020, 05:17:11 PM
 #57

Looks with the defi and yield farming bubble bursting soon eth transaction fee will be back to normal. Thank God it was terrible paying so much fee and i see fee gone down considerably already and it will drop more in coming days.
If the Cryptocurrency market start to rise again we will see the ethereum fee rise again, this current fall in the gas fees is because of the fall in the prices of cryptocurrencies and thus people aren't investing their money in ethereum or DeFi anymore and are just investing in bitcoins and thus the fall in the gas fees.
I have never invested in the DeFi projects as I knew from the start that these are just pump and dump schemes and most of them  are here only for the short run, but there are still hidden gems amongst these DeFi tokens that are still to be found.
My workaround for the high transaction fees is using another coin having low fees like litecoin or bitcoin cash.

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September 06, 2020, 05:22:39 PM
 #58

when transactions only require Gwei under 40, when ethereum prices are still very cheap, whereas when ethereum prices become expensive and ethereum transactions increase, it will make gwei costs go up and very expensive, that's the only benchmark I know, while weekdays or weekends I don't think it really matters.
I used to do transactions with GAS 40-60 I think it's fast enough. but at this time when it is midnight, we will see 130-150 for GAS. whereas on weekdays it can reach higher. even yesterday we had to use GAS 400-450 for ethereum transactions. an instability is going on. the developer must solve it immediately.

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September 06, 2020, 08:01:42 PM
 #59

Looks with the defi and yield farming bubble bursting soon eth transaction fee will be back to normal. Thank God it was terrible paying so much fee and i see fee gone down considerably already and it will drop more in coming days.

Today, commissions in the Ethereum network have decreased because Sunday and traders are resting. See what will happen on weekdays during business hours when traders start trading. At this time, the Commission will again go to 300 Gweys.

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September 06, 2020, 11:18:12 PM
 #60


See what will happen on weekdays during business hours when traders start trading. At this time, the Commission will again go to 300 Gweys.
I think that you are forget something as so many defi traders have been loosing their positions caused by so many hacked cases that have already robbed their ethereum. this means if the traffic that will be going to the network at the end of this will be less compared with the traffic when the defi madness trend happened last week.

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September 07, 2020, 07:26:31 AM
 #61

You cannot avoid them if you using the ethereum coin or token. We are as a user of ethereum, must using the average gas of the blockchain, otherwise our transactions will never be picked up by the miners. If you cannot afford to using the high gas, i recommend you to wait until the fee is normal again, but don't know when.

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September 07, 2020, 07:46:54 AM
 #62

Lately, transaction costs on the ethereum network are very high and it affects small investors. The cost on the ethereum network is like an auction, whoever accepts to send more funds is confirmed first, but those with lower costs will have to wait indefinitely. This is unreasonable and not decentralized in the network.
If you want to transfer your money to your wallet quickly and smoothly, think about using a multi-coin wallet and transferring your assets to coins like XLM, XRP, or ... will save you money. time and cost.
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January 13, 2021, 01:23:06 PM
 #63

I  don't think there is any way around it, but I recently made Eth transfer very late in the night though the amount wasn't high and the fee was less than considerable low, so am also thinking that maybe the transaction fee tends to be very high during rush hours
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January 13, 2021, 05:32:22 PM
 #64

I  don't think there is any way around it, but I recently made Eth transfer very late in the night though the amount wasn't high and the fee was less than considerable low, so am also thinking that maybe the transaction fee tends to be very high during rush hours
Yes the fee will be expensive when everyone is making transactions and just like you, I also make transactions when everyone is sleeping, but when I am in a hurry I sell ethereum for other coins as an option to lose a lot of fees

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January 13, 2021, 05:36:17 PM
 #65

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
Sounds like you are talking about gas fee, there is no solution to this mate, if you don't like the high fee just wait, every day or even hours the gas fee adjusts itself, you can keep track with https://ethgas.watch ,also few wallets have high gas fee automatically for example trust wallet, I find coinomi wallet to be better because it gives the cheapest gas fee

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January 13, 2021, 05:48:04 PM
 #66

The fees you are paying are directly proportional to the people who are using the network and sending their transactions at the same time as you are.

Ethereum network doesn't really scale too good and that's why you have to pay high fees to get your transaction through. Many people are fighting for few spaces.

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February 17, 2021, 11:48:36 PM
 #67

There is absolutely no solution to this when it comes to paying high transaction/gas fees on the eth Blockchain.
If your purpose of using eth is only as a store of value, then i believe you can go ahead and keep a lot of eth. But if i you are actively using your cryptos for transactions, then i believe you should find a coin or token with more respectable gas fees, e.g litecoin

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February 18, 2021, 01:25:07 AM
 #68

What do you mean by the Cosmic Commission? you mean fees of gas? now the ethereum network is really very dense since there was Defi and now plus ethereum prices are growing and there is no other way to pay gas fees cheaply, because paying low fees means chance of making the transaction fail

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February 18, 2021, 01:34:14 AM
 #69

What do you mean by the Cosmic Commission? you mean fees of gas? now the ethereum network is really very dense since there was Defi and now plus ethereum prices are growing and there is no other way to pay gas fees cheaply, because paying low fees means chance of making the transaction fail

Miners will choose those big fees as surely they'll get good compensation, ETH price is rocketing there's no other alternative to avoid
paying for the gas in order to process your transaction.

Either to keep your asset or to pay those fees for you to enjoy the service, if you have huge amount of asset from ERC paying the
fee might be consider but if not then it's not practical to continue.

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February 18, 2021, 01:37:23 AM
 #70

You cannot avoid the transaction fee, you can reduce it but then the transaction will take time to reach. In some wallets there is a set amount for the transaction fee If you reduce it then the transaction will fail.

The best option is to convert your ETH into other cryptos wherein you will pay a small amount as a fee. The only disadvantage is that ETH conversion or swapping charges will be applicable.

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February 18, 2021, 02:07:16 AM
 #71

I think the best way is to avoide sending eth or any other erc20 token when the fees incrass and you can always cheek her https://etherscan.io/gastracker

I know this might not be always useful because somtimes we need to make some urgent transactions to buy or sell some coins but we dont have any solution...we keep talking but the situation keep the same and also get worse
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February 18, 2021, 09:08:18 AM
 #72

Unfortunately, there is nothing to be done about this, since the price of Ethereum is growing and more and more cryptocurrency projects create their own cryptocurrencies on the Ethereum blockchain and thereby they load the Ethereum network and, of course, more and more people come to the cryptocurrency sphere and make a very huge number of cryptocurrency transactions through the Ethereum network  and this also loads the Ethereum network and the price of gas on the Ethereum blockchain is also growing, so you need to bypass the Ethereum network or monitor the Ethereum network all day to find the time when the network is least overloaded.
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February 18, 2021, 10:24:55 AM
 #73

Its just hurts to see how much ETH goes for transaction fees now. Since DEFI mania started, we havent seen decent gas fees and it doesnt look they will go down soon.
In my opinion this is the biggest downside of ETH tokens and BTC. That doest look good if you are a new investor, a big turndown.

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February 18, 2021, 11:55:54 AM
 #74

You can't avoid expensive gas fees. You can just wait for the gas fees to come back down, I don't know when. If you want to send ERC-20 tokens you have at least ETH above $100.

You can use something like that https://ethereumprice.org/gas/ to observe gas prices. It looks like the best time to make transactions is Monday and Friday morning, when the price is below 100 gwei. Just make a habit to check prices every 15-30min and I'm sure you will soon find a "window" when you can make your transaction cheap and relatively quick.

R


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February 18, 2021, 12:37:22 PM
 #75

The truth is that, there's no valid way to override the high gas fee. You could use a lower transaction fee but that could make your transaction stay longer or it could fail and you loose the gas fee. Another approach is to wait and try again when a suitable gas fee can be used, though that may take ages as the ethereum gas fee has been high for quite a while now. Some projects are effecting multi chain to give users of the tokens the opportunity to enjoy the benefits of several blockchain. In that situation, you could swap the tokens and use a blockchain with cheaper transaction fees like tron and binance smart chain.
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February 18, 2021, 01:09:20 PM
 #76

I thought about this for a long time, and looked for solutions, but with the increase in the cost of ETH, commissions for me were not raised, in particular, trading on dex exchanges, so I see only one way out to switch to another similar network with a lower commission.
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February 19, 2021, 01:15:53 PM
 #77

You cannot avoid them if you using the ethereum coin or token. We are as a user of ethereum, must using the average gas of the blockchain, otherwise our transactions will never be picked up by the miners. If you cannot afford to using the high gas, i recommend you to wait until the fee is normal again, but don't know when.

I don't know a solution to the current problem with expensive Ethereum transactions. Most likely we will all have to wait for the announced updates to be introduced. But as I see users continue to use the network and pay expensive commissions, and therefore the network continues to be in demand.  Huh
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February 20, 2021, 07:32:35 PM
 #78

There is setting even if you use trust wallet, but if you set it under gas fee on average, it could probably failed and yes your transaction is failed and you gas which you have paid is gone, its mean dont take a risk for paying under average gas fees or you will lose your ethereum without succeed in transaction.



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February 21, 2021, 04:15:51 PM
 #79

Well, this depends on how many times you will trade and what you will do. Now there are "bridge" systems which means you do end up spending money going into those systems and you do spend money when you are getting out of them (easier methods if you get out with that chains coin) and you could spend less money there. However this doesn't mean that one move you make is simple and cheap, it is actually quite expensive and you will spend more money, but if you do multiple moves it becomes cheaper.

Meaning if you are holding some xyz coin and want to get ethereum with it and move it to binance so you can trade? You should not use bridge, you can do that and yes you will pay a lot but less than bridge. But if you want to put money into eth tokens and trade them however you want and get out afterwards? You could pay for once and make 100 trades and get out and would be paying drastically less money.

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February 21, 2021, 04:33:29 PM
 #80


I don't know a solution to the current problem with expensive Ethereum transactions.

It's also what many of us are asking, this gas fee is really killing all traders and investors who are using this chain.

Quote
Most likely we will all have to wait for the announced updates to be introduced.

Yeah right, it will depend from how the team take care and find whatever suitable solution to this case, they are the only one who can provide concrete resolution to lessen the fees.


Quote
But as I see users continue to use the network and pay expensive commissions, and therefore the network continues to be in demand.  Huh

They just don't have any alternative especially those who are trapped with this chain, assets which been created using ERC.


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March 02, 2021, 12:18:28 PM
 #81

I thought about this for a long time, and looked for solutions, but with the increase in the cost of ETH, commissions for me were not raised, in particular, trading on dex exchanges, so I see only one way out to switch to another similar network with a lower commission.
As for the cost problem that exists on the Ethereum network, almost everyone complains about this because it cannot be tricked and must use another similar network, and the problem is that other similar networks will not have the same support as ETH.
If a person needs to transfer, for example, USDT, then he can use the Tron platform to reduce losses that arise due to high commissions, but otherwise he has to put up with it until a certain time and leave many tokens unattended, which are of low value. I believe that the increase in transaction costs will lead to an increase in higher quality projects on the ETH platform.

#business #forextrader #bitcoinnews #invest
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March 02, 2021, 12:26:36 PM
 #82

If a person needs to transfer, for example, USDT, then he can use the Tron platform to reduce losses that arise due to high commissions, but otherwise he has to put up with it until a certain time and leave many tokens unattended, which are of low value. I believe that the increase in transaction costs will lead to an increase in higher quality projects on the ETH platform.
I think lately we can see Ethereum gas costs looking more benign. It's not like last week when the pump start on the market started and we saw how the Gas was really high.
I also believe that there will be a better use later of this event. Moreover, I heard that there was handling that would be carried out in a short time. if you have to wait for the completion of the ethereum 2.0 update I think it's too long to handle a transaction fee.



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March 02, 2021, 12:27:15 PM
 #83

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

Was going to ask same thing about Cosmic Commission  Grin then I thought he must be talking about gas fees,
There is no way to avoid paying gas except you can use a lower gas but don't expect your transaction to be confirmed soon, it could take days or weeks depending on the situation.

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March 02, 2021, 02:39:06 PM
 #84

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!

Was going to ask same thing about Cosmic Commission  Grin then I thought he must be talking about gas fees,
There is no way to avoid paying gas except you can use a lower gas but don't expect your transaction to be confirmed soon, it could take days or weeks depending on the situation.


Better not advise using a lower gas fee, because most likely the transfer will not take many hours or days, but will be canceled (failed) and the gas that was used for the transaction will be gone.
It is best to use the suggested gas fee and unfortunately, when it comes to Ethereum Network, this fee cannot be avoided.


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March 02, 2021, 03:44:19 PM
 #85

If a person needs to transfer, for example, USDT, then he can use the Tron platform to reduce losses that arise due to high commissions, but otherwise he has to put up with it until a certain time and leave many tokens unattended, which are of low value. I believe that the increase in transaction costs will lead to an increase in higher quality projects on the ETH platform.
I think lately we can see Ethereum gas costs looking more benign. It's not like last week when the pump start on the market started and we saw how the Gas was really high.
I also believe that there will be a better use later of this event. Moreover, I heard that there was handling that would be carried out in a short time. if you have to wait for the completion of the ethereum 2.0 update I think it's too long to handle a transaction fee.
So far, I see that you just need to refrain from small transactions on the ethereum network. Yes, due to inactivity, we may miss out on some of the possible profit. However, even this lost profit may turn out to be real and more significant if in the future we still see a good altcoin season and by that time the problem with high transaction fees will be resolved. After all, they promise that from July, as part of the improvements to Ethereum 2.0, they will get to the solution of this problem.

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March 02, 2021, 05:32:59 PM
 #86

What cosmic commission? You mean GAS fee?
Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!
It looks like the service you will get will always depend on how much you will pay. Poor system of ethereum, I personally experienced it when I am making some transaction with immediate response, but I got failed transaction with unknown reason at all.

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March 02, 2021, 05:49:54 PM
 #87

Looks for a time when Gas has decreased. and also look at ethereum prices. a few days earlier I saw that Gas is below 100 And this is relevant for making transactions. but today, if we look at the transaction fee, it seems that it has increased again. for now, if we send tokens at a low estimate it will indeed make a lot of money spend on fees. you may be able to wait for the gas to come back down
Yeap, Midnight UTC Time, The fee will always touching below 100 Gwei, Even Yesterday it stable arouind 65-75 Gwei for around 2 hours. To be honest it was ridiculous to pay $20 Fee for $40 Transaction, For now there is no other choice rather than waiting the right time, Some Alternative Solution you can try like using Layer-2 Protocol or something like 1inch Chi Gast Token (https://1inch-exchange.medium.com/1inch-introduces-chi-gastoken-d0bd5bb0f92b), Good luck!
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March 03, 2021, 06:38:53 PM
 #88

The only way to pay lower fees is to convert ypu ethereum to another coin then transfer it. Dash is one of the best because its fast. Or you can check gas fees tracker whole day and still gives you arround $17-$20 gas fees for slow transaction.

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March 03, 2021, 06:50:59 PM
 #89

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
Though i dont understand what you mean by cosmic commission, but if you mean Gas cost on ethereum  blockchain, then i will say that as long as you keep transaction on the ethereum blockchain , then paying the high gas cost is inevitable, you can even lower the gas cost but doing this is risky cus this will make your transaction to stay on the blockchain for a very long time without confirmation, and sometimes, you will end up with a failed transaction even after the fees has been taken from you, so the best is that if you know the high gas cost is too expensive for you to pay, then better to stay away from ethereum blockchain until the fees comes down.

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November 09, 2021, 10:44:51 AM
 #90

Now you cannot reduce transaction commissions. it's all about the popularity of Defi projects and I don't understand why people continue to pay so much money.

But what don't you understand? More people - more security - more charges. It will always be like that - more decentralisation and more security - and that is what we pay for.  You have security and you are not dependent on Mr xyz
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November 09, 2021, 10:52:40 AM
 #91

But what don't you understand? More people - more security - more charges. It will always be like that - more decentralisation and more security - and that is what we pay for.  You have security and you are not dependent on Mr xyz
Every thing that has more will always be a certain option for everyone who wants to use something, so that anyone can judge very well which product is used the most by everyone in terms of the same service

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November 09, 2021, 10:54:39 AM
 #92

Use another network. Now many networks similar to ethereum are the solution to the problem of the high cost of ethereum today. such as Binance Smart Chain, Polygon(matic), XLM, Solana, AVAX. It is a similar network to ethereum and is easy to use and cheap in its payments.

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November 09, 2021, 11:42:09 AM
 #93

Use another network. Now many networks similar to ethereum are the solution to the problem of the high cost of ethereum today. such as Binance Smart Chain, Polygon(matic), XLM, Solana, AVAX. It is a similar network to ethereum and is easy to use and cheap in its payments.
Actually not only because it's easy and cheap in terms of payment, but it must also be easy in terms of exchange and also in terms of when you want to bring it into exchange like BSC and ETH in the past

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November 09, 2021, 06:03:08 PM
 #94

Eth is charging very high amount of gas fee. So if you want to avoid paying big commission to eth you should use binance smart chain.

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November 09, 2021, 06:16:25 PM
 #95

What cosmic commission? You mean GAS fee?
probably this is what OP was referring too


Well. You can pay for gas very low, but your transaction will take very long to process, and the transaction will likely fail.
You pay according to the current gas rate, your transaction will be processed faster. Only that!
The problem i find in trying to be economical with paying a fair transaction is that you will end up paying more as ethereum transaction involving tokens mostly tend to fail and give the run out of gas which means those gas fees applied earlier are a sunk cost and cant be recovered!

My advise apply the best transaction fee at the time of token movement to avoid the inconvenience and get the coins sent out to your wallet in the earliest of times.

R


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November 09, 2021, 06:20:05 PM
 #96

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?
There is no way to get around Ethereum transaction fees, but if you handle trading tokens on DEX there are some solutions using additional token utilities to save on gas fees, for example on 1nch exchanges that use CHI tokens to save 50% fees when trading tokens on their exchange.
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November 09, 2021, 08:46:01 PM
 #97

Eth is charging very high amount of gas fee. So if you want to avoid paying big commission to eth you should use binance smart chain.
Now we have some better competitors those are giving good and secure services for having better use case but still we have to use this Ethereum because too many projects on this platform which is badly hurting for very higher fees even recently many was expecting that London Fork and Eth2.0 is going to do some better for this but nothing happen devs are doing their best part for this all but still its taking some good time which can hurt this platform as few years back this was alone but right now its really have some very latest technology platforms with too many features and having very fewer fees.

Peoples also feeling frustration with this all now many are not using this and if someone wants to do they are doing this all just for big transactions for small now many alternatives working much better instead of this Ethereum.

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November 12, 2021, 02:55:08 PM
 #98

I would recommend you to investigate chains other than Ethereum. There are blockchains such as Polygon, Binance Smart chain, tron, near, avalanche etc that are ideal for microtransactions.

What is more, they have the same developed ecosystems like Ethereum with a lot of defi-projects, NFT-projects, DAOs so you will definitely find everything you need and you will pay less than 1$ as a transaction fee.

Anyway, you can check this link: https://ethereumprice.org/gas/ and you will see when ETH gas gets cheap.
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November 12, 2021, 04:20:13 PM
 #99

Use another network. Now many networks similar to ethereum are the solution to the problem of the high cost of ethereum today. such as Binance Smart Chain, Polygon(matic), XLM, Solana, AVAX. It is a similar network to ethereum and is easy to use and cheap in its payments.
Actually not only because it's easy and cheap in terms of payment, but it must also be easy in terms of exchange and also in terms of when you want to bring it into exchange like BSC and ETH in the past

All those mentioned projects are working alike with ERC, traders and investors now have a lot of options nowadays,
it's no longer the dominated venue for ERC to only conduct the transactions, developers have the freedom to create
projects outside ETH.

You can maximize your opportunities and make things no longer hard and stressful when seeing high fees compared
to what you plan to trade.

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November 12, 2021, 04:22:44 PM
 #100

Eth is charging very high amount of gas fee. So if you want to avoid paying big commission to eth you should use binance smart chain.

What's the point of using BSC when you can't interact with ETH chain, the token you really want to buy are mostly listed on ethereum except now that the team are now giving some supplies to bsc, polygon and solana.
There are other options like bridging between two chain but then if your token is already on ethereum, you will still have to pay some fee on ethereum chain.

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November 12, 2021, 05:13:31 PM
 #101

as far as I know, there is no way to reduce it. if there is an easier way, your transaction may fail, and the fee will still be deducted, or the transaction will take too long. a lot of people have complained about this, and this is a problem for ethereum that needs to be fixed soon.

however, there is another way to reduce commissions or fees during ethereum transactions, namely by looking at gas prices in several places such as etherscan, and others.

if you still feel heavy with the use of ethereum, I think there are many other coins that can be an alternative, such as BNB, or Polygon.


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November 12, 2021, 06:01:48 PM
 #102

if you still feel heavy with the use of ethereum, I think there are many other coins that can be an alternative, such as BNB, or Polygon.

You can move Ethereum on the BSC network with lower fees, a lot lower! Binance has that option, for example, to choose a chain... and some casinos! I mostly use it for USDT transactions, with Ethereum fees are really crazy, it's why I stopped using them months ago! There are alternatives, and if I may say pretty good one!

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November 12, 2021, 06:17:41 PM
 #103

I don't know if it is sure and safe but supposedly i pay and not pay such cosmic commissions as you are now. How can i do this ?

If you are talking about eth network fees then you have no other option. Because if you want to send that fund from your wallet, you will need to pay a fee. However, if your fund is in binance then you can reduce this fee by using bsc network, because this facility is provided by binance.

The fees you are paying are directly proportional to the people who are using the network and sending their transactions at the same time as you are.

Ethereum network doesn't really scale too good and that's why you have to pay high fees to get your transaction through. Many people are fighting for few spaces.

This high gas price of eth has caused problems for many eth users. If you have to pay such a huge amount of fee to do a transaction, then it is a problem for ordinary users. Now those who have eth in their wallet and they have to send that fund elsewhere then they have no option but to pay this high fee. No one knows how long this situation will last.

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