Insane Gas Fees

[Bitloca]

I believe Metamask support adjusting the gas price manually so you can set whatever suits you.
But since no one else faced the same problem, I suggest moving to another wallet and stop using this one in case you ate using a fake version. Is this the first time you use it?

I've been using metamask for a long time. I think from 2017, and there haven't been any problems until now. So that I know this is not the fault of metamask. Maybe this has to do with the DEGO smart-contract.

[Coinsfera]

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 

The transaction fee problem must be solved soon. If it goes like that Ethereum will unbearable to operate. Why they use Ethereum instead of BSC if transaction fees are so high?! Yeah, lots of DEFI projects are on Ethereum but the gas fee is so high. People wait for ETH2.0 to see the solution, but it can be late.

[rosebrand]

This can't be true , there must be an error somewhere , if transaction fee cost this much that means there will be a problem Making transaction with this Blockchain , because not everyone can afford such , transaction fee can't be higher than the estimated value of the asset being sent, just imagine an amount hasn't been opted in but it's already showing this high amount, it's very wrong .

[JeffBrad12]

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 

The transaction fee problem must be solved soon. If it goes like that Ethereum will unbearable to operate. Why they use Ethereum instead of BSC if transaction fees are so high?! Yeah, lots of DEFI projects are on Ethereum but the gas fee is so high. People wait for ETH2.0 to see the solution, but it can be late.

Some EIPs already prepared by the developers but it's not easy to fix it dude. there must be an agreement between all of the nodes that were helping ethereum to run its network and the majority of these nodes didn't agree with the new proposal that already released last month. The power gets centralized to the miner and this is the problem when a project use POW.
The buyers or owners of the token have no power and that's totally non sense thing to see that and this problem will remain forever.

[bonyaserg]

At the moment, the commission for the sale of tokens has grown very much on the market. In order to bring tokens to the exchange, you need to have a large number of toens, and you also need to pay a huge commission. And what remains to be done is to wait until the commission becomes available for a profitable token sale. I believe that soon the situation will change when the price of Bitcoin drops sharply. And, accordingly, the price of the commission will become available to everyone.

[Kasabus]

I believe Metamask support adjusting the gas price manually so you can set whatever suits you.
But since no one else faced the same problem, I suggest moving to another wallet and stop using this one in case you ate using a fake version. Is this the first time you use it?

I tried Metamask at once but I don't feel being user-friendly than using MEW. But if OP uses the fake wallet, that be sorry.

But in regards to the gas fee, we have nothing to do with this until the bullish trend end. Everyone has in a bad sentiment looking for any ways to save some fees but it is very unfortunate that we can't find any. We have no choice but to face these changes. It becomes cheap sooner.

[Bitloca]

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.

The team said we have to withdraw the token from the wallet until February 22, after this due date we cannot withdraw it. But seeing these insane fees I am quite upset now.

[matjas]

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.

Hey, I think its not right. Some of my friends claim DEGO token without facing any problem. However, the claim of one or two is failing. Most of the people who are using Trust wallet are failing to make the claim. The chances of failing to claim using Metamask are very low. DEGO tokens now cost more than $4. Then why not claim? Although the transaction fee is much higher when claiming, $20-30 is required. Tomorrow is the last day to claim DEGO. Those who have not yet claimed who should claim.

It looks like there is an error in their smart contract or their token calculation on website is wrong. It all started few days back when you could suddenly claim more tokens than you were entitled to acording to their website. Of course when you actually try to claim them, you first see those ridiculous fees and then an error.

[LastKiss]

It's hard to believe that your gas fees reach more than 3900$  try input gas fees manually by using advanced option, maybe it can help you to transfer your tokens. When this crazy gas fees increase normally I paid around 25-70 for each transaction, wondering how do you get that insane fees 

[Iyeman]

The team said we have to withdraw the token from the wallet until February 22, after this due date we cannot withdraw it. But seeing these insane fees I am quite upset now.

This has become the main concern by all of the bounty participants from dego finance. I have heard that when you are missing the deadline and the participants were not able to withdraw their doge.
That looks very strange consider the smartcontract has nothing to do with the gas fees. As far as I know, if the gas fees will be determined by the miners and it's not from the smartcontract.

[ZaraCB]

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

When you try to claim, the transaction fee will show a lot, but it will not deduct that much. It will take much less than what is shown.  You can try. However, claims can often fail. If you try two or three times, it will be done. And as far as I know, today is the last day to claim.

[Altcoinsintel]

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.

Transfering a token requires further fees for ERC20 tokens. There is the gas price and gas limit. The gas limit for Ethereum transactions is 21,000. In order to transfer tokens gas limit depends on the smart contract and how it is written. I often come across 200,000 gas limit and perhaps the smart contract of this asset (DEGO) asks for a million or more.
When the gas fee you see in etherscan is recommended at $20 it means that moving tokens will require $100-$200 on an average. It depends on the smart contract features.

[kaya11]

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.

It is so disappointing knowing that you should pay for gas fees like that. It could buy you a new car with that price. I think.theres something wrong going out there with the platform you are using. It's not advisable to transact with such high fees unless you are talking about millions of dollars, but for just merely few profits you could get then it's a no. Id rather wait for decongestion than to suffer with gas fees.

[Casdinyard]

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.

It is so disappointing knowing that you should pay for gas fees like that. It could buy you a new car with that price. I think.theres something wrong going out there with the platform you are using. It's not advisable to transact with such high fees unless you are talking about millions of dollars, but for just merely few profits you could get then it's a no. Id rather wait for decongestion than to suffer with gas fees.

Fees are just high at this moment to most of the exchanges probably because of high market prices of cryptos but I am also surprised of how big is the mentioned gas fee and it is possible that there is a problem with that platform especially because of the huge difference from other platforms. However, it will be a major problem if that coin is only tradeable in that platform because consequences will not be avoided. In such cases, I do tend to wait for the enlistment of such coin to other exchanges and not pushing things if profit will be more of a loss.

[Dragonfund]

this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.

I have a token poolz worth $78 and I tried to send it to exchange but it seems the flash crash worst the network today. I was seen 800 gwei for low transfer fee that was approximately around $60 which is not economical for retailers.
Ethereum is becoming too congested and miners are somewhere smiling, I bet they wouldn't want this to end anytime soon. I don't expect crash of market but if that happens soon, transaction will be increasing and Ethereum price Wil be declined. This is insane innovation I have seen.
Bitcoin so a blast to the upward but the fees has never as worst like Ethereum. Lets all developers and Vitalik Butterin do something other wise eth price will never increase.

[jossiel]

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.

The team said we have to withdraw the token from the wallet until February 22, after this due date we cannot withdraw it. But seeing these insane fees I am quite upset now.

Are you sure that they've said that? it would cause panic if that's for real. Do you have any valid source for that? AFAIK, there's no need to withdraw if you're just holding it.

Verify that first if that's for real.

Because it sounds bad to read that after that you've said that it came from the "team".

[Yatsan]

The amount of gas fees we currently have is really incredibly insane that you seems to be cutting of your potential profit for the sake of paying the needed fees for the transaction to make success. It is really awful at times like this that you cannot handle little amount of transaction for you will needed to take care of the gas fees that it will make you wait for a little longer if you do not have enough budget to sustain or fund the gas fee. Holding for a while is the best option we can all do if such transaction we are planning is not really that urgent specially if it just for personal use. But if it would be that important, prepare to at least spend because currently it is the reality we have.

[Flowzer]

Wait the gas decreased a bit, you can do it with half of it or cheaper. Check it this time, now its "really cheap" for you if you want to transfer your erc20.

[coin-investor]

this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.

Not only you many of us here feel and experience the same issues, but all my altcoins are also stuck to my wallet I can't trade them because I'm not comfortable with the very high transaction fees, I already waited for a month now I guess I have to wait for more months until the fees are fixed, I just hope all my altcoins are still profitable to trade.

[Ozero]

this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.

I have a token poolz worth $78 and I tried to send it to exchange but it seems the flash crash worst the network today. I was seen 800 gwei for low transfer fee that was approximately around $60 which is not economical for retailers.
Ethereum is becoming too congested and miners are somewhere smiling, I bet they wouldn't want this to end anytime soon. I don't expect crash of market but if that happens soon, transaction will be increasing and Ethereum price Wil be declined. This is insane innovation I have seen.
Bitcoin so a blast to the upward but the fees has never as worst like Ethereum. Lets all developers and Vitalik Butterin do something other wise eth price will never increase.

Of course, gas fees for transactions on the ethereum network are now too high.
However, the light at the end of the tunnel is already visible. About four months later, in July, as part of the improvements being made to Ethereum 2.0, we are already promised that the gas problem will be resolved,
and this time finally.
Ethereum Improvement Proposal (EIP) 1559 has been one of the most anticipated updates to the network since the launch of ETH 2.0 on December 1, 2020. The EIP must solve this problem of high gas prices, which is why everyone is so outraged.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/