ETH high gas fee

[Smartvirus]

Advantages of cryptocurrency is fast and cheap, but ETH loses that because the fees are too high, they need to fix.

It's the way of things in our world, safe, fast and better things always comes at a cost to those who hope to take advantage of it. You don't compare the comfortability you would get from journeying in a flight to that of road transport and that's also reflected in the high price between air and road transport so, cryptos and investments aren't any different.

If you want to take advantage of the pumps in the market as per the bull runs, you've got to face the challenge of the session which is the price. It not only stands as a fee that must be paid but a regulating factor as well. The best solution or chance you've got to escape this is patience and patience is a virtue not so many people have and so, you pay the price.

[IkonaDro4ku]

Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.

[sujanpatil]

When will this madness end?
Who is willing to pay such amounts for a transaction?
https://i.ibb.co/Lznnsbc/Screenshot-2.png

The problem of ETH fees has been on the rise for some time now. Due to this you have to pay fees from 20 USD to 100 USD while transacting ETH. But in ETH 2.0 these problems will be solved. ETH 2.0 currently has three phases. The first beacon chain, the second shard chains and the third docking. Now the first phase is the work on the beacon chain. After completing this uparade on the shard chains, you will see that the issue of ETH fees has been resolved.

[FIFA worldcup]

Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.

Now Gwei is unstable even though the numbers are small, I just checked the Gwei 44, but when making transactions the fees that we have to spend are not much different from the Gwei 60-70, meaning that the transaction fees are not really stable at this time.

Since the gas fee is very much volatile, you can keep on checking the fee and make the transaction when the gas fee is low. Most of us are worried about this fee but the whales or those who do large transactions of big value does not care for these fees.

[Cornia]

ETH gas fees vary from time to time. The gas fee is a little lower at 1:00Am -8:00Am. You can do ETH transaction at this time if you want.  You can track ETH gas fee from the link below https://etherscan.io/gastracker.

Most of us are worried about this fee but the whales or those who do large transactions of big value does not care for these fees.

We are not all a whales. Most of the time we have to do small amount transaction. When it takes 2-3 usd fee to do 20-30 usd transaction then we all feel bad.

[tsaroz]

Was just transacting a token last day but the fees for slow transfer (metamask) was over $12, was thinking of doing a Uniswap but realized, it would not go through my ethereum balance and was forced to deduct the fees manually (more than half to about $5) and wait for 12 hours to get my token deposited to a centralized exchange. The fees are excessively high but even with manual low fees, the transactions are being carried out with lower fees if you are ready to wait.

[awakpane]

In my opinion, the gas fees are very high on the Ethereum blockchain transactions at the breaking point. This condition coincided with the increasing popularity of decentralized finance or Defi. Because Defi has succeeded in attracting lots of new users to join the Ethereum network. many argue that a potential solution to dealing with Ethereum's high gas costs is Ethereum 2.0. Hopefully, the high ETH gas costs that are currently occurring can be resolved soon and return to normal.

[max6575]

yes i need to buy from localcrypto but the network fee worth like 5 dollar i guess that is too high. i am rarely working with the localcrypto i need to buy some eth to work with the withdrawal of my ferrum token.

[Francis Freeman]

This pretty much has become the theme in crypto bull markets. Combine the increase in price of ethereum along with increasing crypto volume it almost makes it intolerable. Layer 2 and layer 0 protocol (pretty new like Marlin) has to solve this problem.

[Hobo66]

Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.

Now Gwei is unstable even though the numbers are small, I just checked the Gwei 44, but when making transactions the fees that we have to spend are not much different from the Gwei 60-70, meaning that the transaction fees are not really stable at this time.

Since the gas fee is very much volatile, you can keep on checking the fee and make the transaction when the gas fee is low. Most of us are worried about this fee but the whales or those who do large transactions of big value does not care for these fees.

they do care. but the thing is they can't do anything else and they have no other options than going with that. everyone does care about his hard earned money. except those scammers who scammed people and don't care if they loose some of them in fee or anywhere else.
I always check fee before making transactions and always try to save anything I can in fee by avoiding sending tokens and ethereum at the time of high fee.

[Xxmodded]

Recently, the gas price has been within 60-70 gwei which is much better than 400 peak times! Of course it is still expensive and I hope there will be less gas soon.

Now Gwei is unstable even though the numbers are small, I just checked the Gwei 44, but when making transactions the fees that we have to spend are not much different from the Gwei 60-70, meaning that the transaction fees are not really stable at this time.

Yeah maybe just take 0.002 eth as fees transaction and you can try it by sending ethereum from FTX exchange, so you don't to need to pay there and just take fees when sending your coin to exchange wallet, last day I know how to get effective when sending gas and looking etehreum baalnce without any fees when sending, so I try deposit USDT trc to FTX exchange, then I convert with eth later I sent to my wallet without any reduce fees, you can try this way than you have buy ethereum and pay fees.

[CryptoLogo]

The bull run is great and I never stop enjoying it every day. However, I am confused that now we have such high commissions for sending tokens on the Ethereum network.
I am afraid that many DeFi projects may think about transferring to a different blockchain, cheaper, which could lead to a drop in demand for Ethereum.

[Xxmodded]

I wanna sent my cerc20 coin right now but have thinking more time because fee sending coin take more than 0.14 eth and my coin value only $30, how come its looks profitable when higher fees sending than coin value. I think the moment looking for eth gas under 3 gwei have gone and now era we need much gas fees for sending coin, when DeFi project publish gas suddenly up and take more eth when sending coin and we have always ready to see gas is up.

[Tahid12]

Not only eth but also others altcoins are charging high transactions fee. And fee will be continue raising if crypto market raise more. Eth related erc-20 token holders are facing trouble cause they can't transactions due to high fee. After set normal fee, gwei get increase because of over crowd and eth transactions delay hours from hours to be done even cancle sometimes lack of high fee

[Chainsmokers]

one of the problems that many ethereum users complain about Ethereum's GAS fee is very large and difficult to control, I wonder why this happened
and didn't know GAS ethereum  would be as stable and cheap as it used to be, I hope this problem will be resolved quickly otherwise ethereum users will move to another network

[Eddyc]

With the market increase, Ethereum's transactions got a little complicated compared to previous prices and with a basic calculation we are paying twice as much in fiat value to make transactions and even so the Ethreum market only increases. In general, this is good using a minimum amount of Ethereum we are making reasonable transactions.

The big problem is when we need speed.

[residivis]

Currently, gas fees are rising because the price of etherium has also risen, so many investors often send etherium to exchanges. because in my opinion the more transactions, the slower the delivery, if you want to speed up, it takes a lot of gas fees so that the transaction is completed quickly.

[poodle63]

Since the gas fee is very much volatile, you can keep on checking the fee and make the transaction when the gas fee is low. Most of us are worried about this fee but the whales or those who do large transactions of big value does not care for these fees.

That's true and the reason for that is because those whales sending large amount of money in one go which has fee equal to those small transaction, Imagine if those whales uses centralized service like Paypal they gonna be charged quite the amount of money and 1% of ten million dollar is humongous.
Kinda unfair though ETH supposed to be affordable in my opinion but now it's like only big player get the most of ETH.

[makishart]

Currently, gas fees are rising because the price of etherium has also risen, so many investors often send etherium to exchanges. because in my opinion the more transactions, the slower the delivery, if you want to speed up, it takes a lot of gas fees so that the transaction is completed quickly.

If we are sending ethereum to the exchange site and the fees are not so high as when we are sending altcoins. The fees when we are sending altcoins will be doubled compared with when we are sending ethereum to the exchange site.
The problem is the whale is always making the fees become non sense consider they wanna be confirmed instantly and they put non sense fees to the network.
That sucks

[montaga]

Its 2021 and crazy high fees is a issue, who would have though. Year after year devs promise and no action, nothing to show for.