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Author Topic: Insane Gas Fees  (Read 1165 times)
Bitloca (OP)
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February 20, 2021, 06:13:16 PM
 #1

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad


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February 20, 2021, 08:39:04 PM
 #2

You are certainly missing something here mate. It is not possible now fee to reach $3900 per tx. It is supposed to be $20 or near this amount all the time as long as network is congested. But in your case, I'm sure something is missing here.

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February 20, 2021, 08:42:33 PM
 #3

Yeah, sure that's insane.

I will wait the right time for me to send those tokens wherever I want. I'll just skip the day and wait until the network's somehow free and will charge me lower fee.

But with that fee, it's not tolerable and it's the solution that I can think of. Skip the day and do something else while waiting for the fees to somehow drop.

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February 20, 2021, 09:27:49 PM
Last edit: February 23, 2021, 12:22:35 AM by Danslip
 #4

Impossible, you have to double check the wallet fees before clicking that send button. In my opinion, you have adjusted fees to the maximum and the insane fees appear on the transaction processing screen. Change it to a minimum and try again. The transaction fees are insane on all exchanges, just make your research and find the cheaper ones in order to avoid the loss.

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February 20, 2021, 09:45:12 PM
 #5

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad


With bloated and congested eth network transactions are almost becoming impossible. Personally i have stopped many transfers and adjustments just because of high fee.
I do not know exactly when will eth 2.0 chain activate and take us out of this very troublesome situation.

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February 20, 2021, 09:55:24 PM
 #6

I'm trying to unwrap my ETH on Uniswap and its not being able to do that even with a fee of over 0.0035 ETH which is over $6.
If a simple transaction on a dex requires such fees, how could one use such dex and defi based on the platform on a long term? ETH transaction are costlier than bitcoin which is wrong in so many ways as bitcoin is nowhere a competitor to Ethereum.

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February 20, 2021, 10:02:00 PM
 #7

You are certainly missing something here mate. It is not possible now fee to reach $3900 per tx. It is supposed to be $20 or near this amount all the time as long as network is congested. But in your case, I'm sure something is missing here.
I had this thinking too, maybe the op should check in the default fee and can edit it to his/her favorite transfer fee, but one thing with what the op is seeing on the fees is that transaction would be very fast for the op if they accept the high transaction fee they are seeing now.

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February 20, 2021, 10:02:32 PM
 #8

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad



this is so scary, you should double check your transactions again before you confirm it
or click the advanced button then setting up the gas fees there mate

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February 20, 2021, 10:24:40 PM
 #9

The fees calculation that already shown on your metamask wallet is not synched with the result that already published by etherscan.

https://etherscan.io/gastracker

There are still bugs in metamask and that's why i call this a garbage wallet that doesn't have accurate data. I just feel curious where metamask was getting its api and how the formula is used to calculate the transaction fees. Metamask is a crap wallet.

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February 20, 2021, 10:31:35 PM
 #10

Its a general issue that everyone is facing. All you need to do is to find a perfect time when the transaction fee wont be too cost such that you can afford it. This type of transaction fee you showed in wallet is the height of it which you have a choice to cancel. There is nothing we can do about it now. Its better to find a way around it to claim your oken
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February 20, 2021, 10:34:39 PM
 #11

~ In my opinion, you have adjusted fees to the maximum and the insane fees appear on the transaction processing screen. Change it to a minimum and try again.
Mate, check the screenshot again. The settings were on Basic and low fee was at 1.3 ETH with 2.3 ETH as fast. Unless OP edited the image, what appeared there seems legit or maybe a glitch in the wallet as pointed out by @shinratensei_.
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February 20, 2021, 11:26:55 PM
 #12

There are so much complains about spending gas fees on ethereum that cost higher than the amount that you are going to sell. Checking in your screenshot I don't think it costs more than 1 eth, might as well to review the transactions since it happens in the network failed or error. This is also the problem I'm facing that I can't transfer my wallet because of this expensive fee.
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February 21, 2021, 12:11:30 AM
 #13

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad



This is very unnatural for gas fees, because you pay very expensive gas fees just to send DEGO, therefore now I prefer to use binance smart chain than Ethereum and invest in altcoin that are on binance smart chain (like BAKE, CAKE, BERRY), because the transaction fees using Binance are very low and besides that the prices of altcoin on binance smart chain will definitely increase very high, that's why I prefer to use binance smart chain instead of using Ethereum for now.

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February 21, 2021, 01:44:20 AM
 #14

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad


Hmm, is that DEGO from bounty right ? I also have it, but it hasn't been claimed yet.
Don't make a claim, because you will only waste your ETH. Look at the discussion in the bounty group, many people fail in claims.
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February 21, 2021, 01:57:39 AM
 #15

it's policy. You can't complain about it because we can't do anything to change it. Now what you need to build is how you can get multiple benefits from these benefits and can cover losses due to Gas Fees
It's not even a policy consider you can adjust your tx fees when you are using the advanced tab and I think that anyone able to put how much gwei and gas that they are willing to pay that.


OP, if you are encounter the problem and you could export your privatekey and try to open your wallet with another app like mobile wallet, MEW or mycrypto.
The formula that used by metamask totally non sense.
You must move from metamask to the another wallet.

It looks like you wanna claim your doge. Forget it and you will waste your money to pay the fees and it's not worth with your total dego token worth in USD or ether.
If you wanna send a personal tx and move from metamask.

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February 21, 2021, 02:11:35 AM
 #16

I plan to transfer DEGO tokens to my wallet, and see how much it will cost me for fees alone. This is driving me crazy  Sad


What platform do you use to transfer the DEGO tokens? if you use the Ethereum platform, then obviously the transaction fees will be very crazy even you yourself will be surprised by this.
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February 21, 2021, 02:38:30 AM
 #17

This kinda true because Try using uni swap to exchange token and you will see how big the fees are right now, This the effect of so many traders and people making transactions, I think there is time that fees are low too

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February 21, 2021, 02:46:14 AM
 #18


That's not normal at all. Even my fastest transaction only cost like $20 compared to yours.



If you think you can use other platform, then do so because sometimes, Metamask eth gas fee is absurd. I you don't follow their standard fee, your transaction won't process at all.
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February 21, 2021, 05:13:18 AM
 #19

what an insane gas fee, this is why binance chain, is where other holders transfer their tokens, this will make a big impact on ethereum, and what will the projects do, are they going to shift to smart chain? the way I see it this is what push binance price to go up, hope ethereum will make things better, soon

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DapanasFruit
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February 21, 2021, 05:17:59 AM
 #20

This is unbelievable, something must really be wrong to be charged with those astronomical gas fees to do a transfer of a digital asset under the Ethereum network. What can not be denied is the fact that Ethereum right now has become like a big insult to all of us crypto users and enthusiasts. Very insane and as of now nobody can say when this insanity gonna end up. Seems to me that we are dealing a very inefficient network in Ethereum and nobody can guarantee that Eth 2.0 can solve this problem by the time it is rolled out completely. No wonder a lot are asking if BSC should be the better choice compared to Ethereum.

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