seleme
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Merit: 1028
Duelbits.com
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September 03, 2020, 10:39:30 PM |
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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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Denongels
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September 03, 2020, 11:09:28 PM |
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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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sallasvve
Full Member
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Activity: 280
Merit: 101
Proof-of-Stake Blockchain Network
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September 04, 2020, 10:41:46 AM |
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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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Annamike
Jr. Member
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Activity: 230
Merit: 1
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September 04, 2020, 05:56:25 PM |
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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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Oikos◆ | Decentralized Finance on Tron https://oikos.cash/
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ElmedoRator
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September 04, 2020, 06:57:20 PM |
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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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sallasvve
Full Member
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Activity: 280
Merit: 101
Proof-of-Stake Blockchain Network
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September 05, 2020, 07:57:02 PM |
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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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Diamond_Darrell
Full Member
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Activity: 1106
Merit: 103
♦♣♥♠
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September 05, 2020, 08:12:15 PM |
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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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Kopetunto
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Activity: 630
Merit: 10
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September 05, 2020, 09:49:38 PM |
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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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oscarftw
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September 05, 2020, 11:09:29 PM |
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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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bobyhodob
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September 05, 2020, 11:31:20 PM |
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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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xOdiumNostrumx
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September 06, 2020, 09:45:09 AM |
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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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Strongkored
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Activity: 2912
Merit: 1112
Fully Regulated Crypto Casino
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September 06, 2020, 12:42:15 PM |
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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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AlexAtom
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YOUC - www.youengine.io
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September 06, 2020, 03:24:21 PM |
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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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optimisticcm
Member
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Activity: 210
Merit: 10
Sovryn - Brings DeFi to Bitcoin
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September 06, 2020, 03:27:12 PM |
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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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Google+
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September 06, 2020, 05:03:31 PM |
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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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lionheart78
Legendary
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Activity: 2968
Merit: 1153
Reward: 10M Shen (Approx. 5000 BNB) Bounty
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September 06, 2020, 05:11:37 PM |
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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
Legendary
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Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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September 06, 2020, 05:17:11 PM |
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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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distr@yopmail.com
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September 06, 2020, 05:22:39 PM |
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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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sallasvve
Full Member
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Activity: 280
Merit: 101
Proof-of-Stake Blockchain Network
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September 06, 2020, 08:01:42 PM |
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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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Iyeman
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September 06, 2020, 11:18:12 PM |
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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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