Fees are sky high

[Yamifoud]

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

With 35 $ in BCH and withdrawals will be very high.  So I can suggest, 35 $ option to buy TRX, XRP, DOGE ... these are good trend coins, low conversion fee.  Go to the current good quality DEX like UNiswap, Justswap and hash it for BCH when you want.  By this method, you will get a cheaper price )

XRP has small fees which is the best option but the problem is if that is available to the exchange that OP has used because we know that some exchangers are delisting XRP coin.
Anyway, what we got from $35? The honest this is that it very small amount to start investing crypto especially during this that fees are considerably high. You have nothing left on us if we only have $35 on our hand. What I can suggest to OP is that you add some more. $100 is might be enough...

[HOT_HEAD]

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

I would probably use a wallet that has a built-in exchange to swap BTC to BCH. Fees are likely going up as the asset value goes up, High fees is really a burden to the small transaction and not really worth to transaction because of the fee. Actually I always go for the low fee and accelerating it but Some Transaction accelerator need some payments but there are some on the internet that provides free accelerator.

I was thinking about doing that, tho blockchains *free* swapping service still takes 0.0002btc fee when swapping from BTC to BCH, but I think I've got it, I'd have to upgrade to a gold member to be able to swap more or something like that.

Just a curious question. Why are you trying to buy BCH? 
I don't see it getting a good hype anytime soon. Will it be used for a different purpose?

If you really want a little cheaper tx fees you can use other coins.
But if you do insists to force your way then check the time where there is no heavy traffic for tx's.

Well because I want to sell them and out local exchange accepts BCH, and I have 35$ on blockchain (BTC) and 45$ (that I'll buy BCH with) on cex.io, so yeah. :d

XRP has small fees which is the best option but the problem is if that is available to the exchange that OP has used because we know that some exchangers are delisting XRP coin.
Anyway, what we got from $35? The honest this is that it very small amount to start investing crypto especially during this that fees are considerably high. You have nothing left on us if we only have $35 on our hand. What I can suggest to OP is that you add some more. $100 is might be enough...

Fair enough amount to invest in some cheap coins :d The main point is that I want to transfer BTC from my blockchain wallet to my cex.io wallet and buy BCH and eventually sell, but since BTC has high fees, it's somewhat better for me to swap for BCH directly on blockchain and transfer as BCH since the fees are low. So basically, I'd have about 100$ to mess around with a little bit on cex.io.

[crzy]

The fees are not small anymore the way it used to be, and i don't know why its happening and I'm thinking if there's a chance to improve this one since this is not just on BCH but all the whole market, if you are transacting small amount of money the fees will just eat that so its not that worth it.

Why would uou buy BCH ? It is not even close to litecoin supporter. BCH with only small transaction already coat you that high fees, ut is proof of BCH will have problem in the future when the price is sky rocketing. The most cheapest transaction fees is litecoin and dash and dogecoin now.

He just want to buy BCH and its his problem anymore, we all have different strategies on trading so let's respect it.

[petruxa80962]

I agree. I recently withdrew from the exchange, they took almost 50 dollars from me in the amount of 482 dollars

[Fredomago]

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

With 35 $ in BCH and withdrawals will be very high.  So I can suggest, 35 $ option to buy TRX, XRP, DOGE ... these are good trend coins, low conversion fee.  Go to the current good quality DEX like UNiswap, Justswap and hash it for BCH when you want.  By this method, you will get a cheaper price )

XRP has small fees which is the best option but the problem is if that is available to the exchange that OP has used because we know that some exchangers are delisting XRP coin.
Anyway, what we got from $35? The honest this is that it very small amount to start investing crypto especially during this that fees are considerably high. You have nothing left on us if we only have $35 on our hand. What I can suggest to OP is that you add some more. $100 is might be enough...

Correct, with such a small amount of capital, there's nothing be left or I mean you can't do much with that small amount, to feel everything better to have much higher amount of funds.

There are particular coins to begin with small fees trx, xrp and doge, you can use those as good alternative especially if you are just starting, the fees are not that much.

You should just use exchange who accept this  coins/ alternative coins in order to execute your trades.

[deathcode]

Now that the market is bulling the gas price is also mooning which is for us very painful knowing that what left on us is just little because of this matter. I think developers must talk a look on this issue to help ease the problem and struggles of every crypto enthusiasts.

what should have been resolved from last year is this very high and unstable gas problem. we've seen this happen even before this pump happened. the developer really has to work hard to get it done as fast as possible. this is a problem for everyone who wants to make a transaction and they finally cancel the transaction.

[aryana42]

I agree. I recently withdrew from the exchange, they took almost 50 dollars from me in the amount of 482 dollars

If you are withdrawing in dollars, then try to use the TRC-20 platform which is supported by dollars as well, the fees will definitely be very cheap and will not cause you to lose, and the speed is also not too long, this is a good solution for now.

[Alohadanc3]

Yeah, that's a very big problem. At least at this moment one in ethereum there is a lots of transaction done so the gas fees is in upper side plus they the price of ethereum is also high. So for transaction you have to pay high price. And it's not a good thing for atleast small crypto enthusiasts. And there is no way to skip it. There are chains which has very low fees and I thing after ethereum 2.0 come the fees will show a good decline. And only then the problem will solve

[Rampagoe004]

For now it is the cost of transactions that are always a problem for all of us, let alone us as small investors whose capital is only a little, and the current solution if we want to make transactions we can use binance that gas costs are still low and very easy for us to use, and we as investors hope the transaction costs will return to normal so that we are easy to exchange coins.

[Vishnu.Reang]

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

The post is a bit confusing. For a while, I though that the OP was talking about the BCH fees being too high.. and I was thinking about it. How the BCH fees can be so high, when they forked out from BTC to keep the transaction fee lower? They have 32 MB block size limit and hardly any of the transactions are queued. And also the last time I checked, the average transaction fee for BCH was given as $0.0037 in Bitinfocharts (1,500 times lower than the Bitcoin transaction fee).

I know that no one is complaining about the high transaction fee right now. When the net worth of your assets go up from $10,000 to $60,000, you are not much bothered with paying $10 in transaction fee. But the rally is not going to last forever and once it stops, the users will start questioning why they are being forced to pay such insane fees for transacting in Bitcoin.

[noormcs5]

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

Why don't you move your funds to binance and then buy BCH from there. That's the most cheapest method to buy the coin currently. On the other hand, If the coin is not available on centralized exchange then you will have to buy it from uniswap where the fees are too much.

[distr@yopmail.com]

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

Why don't you move your funds to binance and then buy BCH from there. That's the most cheapest method to buy the coin currently. On the other hand, If the coin is not available on centralized exchange then you will have to buy it from uniswap where the fees are too much.

If it's only a small transaction, I think don't use Uniswap or ethereum token transactions just yet. We know not only on Uniswap but most transactions with the ethereum network also have increased costs. but if you want to play with small capital it would be better to use tokens that are cheap but which are already listed on big exchanges. now all of them are still constrained by high transaction fees.

[jostorres]

If it's only a small transaction, I think don't use Uniswap or ethereum token transactions just yet. We know not only on Uniswap but most transactions with the ethereum network also have increased costs. but if you want to play with small capital it would be better to use tokens that are cheap but which are already listed on big exchanges. now all of them are still constrained by high transaction fees.

I have the similar issue, I actually have one of the most known coins in the world and want to move it to another most known yet I can't because it is insanely expensive. I have 21 dollars in USDT at my metamask in ERC20 chain, and I want to send it to binance, that's it, it is the simplest thing ever, and I can't do it, why? Because obviously we are in a bull run that is great but that bull run made things much more expensive yet there are soooo many people getting in that costs are rising constantly.

So, if I want to send 21 USDT to binance, I would have to pay 23 dollars... how does that make sense, I would be losing money if I turn that into anything I want, it wouldn't really make any sense. So, I will be keeping that USDT there until one day gas fee drops, I do not care if it takes 10 years, I will not be using it anyway, but this is the reason why BNB is overlapping ETH on profits lately.

[Traderbtcc]

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

It's seems the $35 you have in your blockchain wallet is in bitcoin, I don't have any experience in using blockchain wallet so I really can't much of help in this case, but I made a research and found this article where they stated that you could change your transaction fee between regular and priority, I think choosing regular might be still high, but it will be cheaper than priority for sure,so I guess this is likely the only way you can move/get maybe $20 out of that $35, else I don't see any other way out of this.

[Roidz]

For now it is the cost of transactions that are always a problem for all of us, let alone us as small investors whose capital is only a little, and the current solution if we want to make transactions we can use binance that gas costs are still low and very easy for us to use, and we as investors hope the transaction costs will return to normal so that we are easy to exchange coins.

everyone who plays and makes transactions in crypto experiences the same thing as you now, especially now that eth prices are getting higher and automatically this will also affect the increase in transaction fees on each existing exchange, some people have even switched to binance smart chains now and the impact of this switch is making BNB prices skyrocket even more in the market
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[ElaineGanda]

The market price value of top cryptocurrencies are inceasing along with the gas fee of some of them. It is sad that there are side effects in increasing the price and of it is the high gas fee. If affects the low-end or small time traders and investors because most of their investments will go only in gas fees.

[Yatsan]

High fees nowadays are really big damage dealer most specially for the part of normal small income earners because with the high fees that is needed to be paid off to make the transaction successful, a big part of the total profit is being spent more likely just to be able to withdraw the amount you needed. It is an awful situation for the most of crypto users nowadays and many are having a hard time dealing with it because instead of big possible profit, a big amount will be needed to be allotted for the sake of those fees. You can hold it up for a while if it is not badly needed for it is better to wait until the fees get a little bit cheaper or you just make a full blown transaction so that you will be just having to pay for one decent gas fee for transaction confirmation processing.

[marilynmanson21]

The market price value of top cryptocurrencies are inceasing along with the gas fee of some of them. It is sad that there are side effects in increasing the price and of it is the high gas fee. If affects the low-end or small time traders and investors because most of their investments will go only in gas fees.

That's why you have to look for other coins that don't run on the ethereum network , many projects are moving from the ethereum network to the binance network, so research before you buy coins, such as USDT which runs on many networks such as ethereum, binance, omni, tron .
So when you want to withdraw you can choose the Binance or Tron network because the costs of these two networks are cheap.

[docthusinh]

The longer the delay of moving to PoS ETH 2.0 the more harm to ETH itself. BNB, ADA and the like networks with $0 or minimal transaction fee will kill ETH sooner or later if it won't change. Low cost, without 3rd party and private was the reason for cryptocurrency to roar but current ETH model kill it. Currently using ACH transfer cost you $0 to move between accounts but to transfer ETH to your own wallet it cost a buch of money.

Real world middle man do it for you for free but crypto world middle man bite as big as he can. Free fiat transfer fee to crypto exchanges but huge fee to move your own crypto this is not the right way and violate Satoshi's original vision "private/ p2p / low cost (or free) transaction fee".

In real world we respect first come first serve basis but with crypto it's not. Imaging lining up to buy pizza in front of Bill Gate and he willing to pay higher for the same meal then step up in front of you and another 100 people and the shop serve him first.

[aryana42]

everyone who plays and makes transactions in crypto experiences the same thing as you now, especially now that eth prices are getting higher and automatically this will also affect the increase in transaction fees on each existing exchange, some people have even switched to binance smart chains now and the impact of this switch is making BNB prices skyrocket even more in the market

That's not wrong, but today the price of Ethereum has also decreased from yesterday to the present, but I see that there is no effect at all with Gas costs, so the relationship between Gas costs and Ethereum prices is only a little, because in the past never experienced anything like it is now, even though at that time the price of Ethereum was also starting to be high and the cost of Gas remained as usual.