Insane Gas Fees

[BIN-BIN]

It better you do your transactions at the early hours of the day in that way you get a cheaper transaction fees in the entire blockchain and also less congested network which make you transaction fast

[1715556256]

1715556256

[Twinkledoe]

LOL, this is what makes people want to move away from Ethereum. Yeah, but right now it looks like people are already using it and are comfortable with it. well, because of this high fee, I also experienced some problems in making transactions. However, I still really hope that there will be a reduction in fee prices for ethereum. I hope Vitalik does something about this 

The high gas fees encountered by the OP is really unusual. I think there is something wrong with the network at the time of his checking. Never seen that high though. As others have suggested, check in the ethgaststation.info first, to know what is the current gas prices. Won't transfer the token if you have unreasonably high fees, expensive than the value of your tokens.

[Bitloca]

Last night I sent tokens from my personal wallet to exchange, and it cost me $50. I'm also waiting for a low fee to unstake my liquidity pool. Hope there is a solution for this all.

Yeah for now several platforms use BSC to deal with high fees. They say that BSC is faster and has lower fees than Ethereum.

[mezzaluna]

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 

This gas fees are placed within reason but of course, it is something that is placed because of the value of we are transferring can also be so high and fortunately, there is always a way to get lower gas fees but you need to wait for it within the day because this gas fees are also changing. This gas fee's change when Cryptocurrencies values change but one friend of mine told me that there will be window of opportunity during a day in which gas fees are lower than usual and we really cannot do anything about it and just accept the fact to move our cryptocurrencies at a slower rate.

[shoreno]

why the send amount is zero in the pic ? did you mean it just to show only the fee to us ? but thats indeed a crazy fee for slow transfer and much more to medium and fast transfer but what really drives me crazy is that even if you send a zero valued transaction it will still cost you a thousand dollar fee lol wtf . by the way you arent alone with your problem but many people have this headache lately  . now all we can do is to watch our erc20 coins value drop to a much lower price because we cant sell them on time even if badly want to due to this insane fees .

[matchi2011]

LOL, this is what makes people want to move away from Ethereum. Yeah, but right now it looks like people are already using it and are comfortable with it. well, because of this high fee, I also experienced some problems in making transactions. However, I still really hope that there will be a reduction in fee prices for ethereum. I hope Vitalik does something about this 

The high gas fees encountered by the OP is really unusual. I think there is something wrong with the network at the time of his checking. Never seen that high though. As others have suggested, check in the ethgaststation.info first, to know what is the current gas prices. Won't transfer the token if you have unreasonably high fees, expensive than the value of your tokens.

Pratcially right, why bother to transfer if you are going to pay much higher fees than the actual amount of your assets,
either token or ETH itself.

If the value is far bigger than the amount that you'll going to get no one in  good mind will process this kind of transaction,
you need to wait or double check before proceeding.

[Jackl87]

I just sent a ERC-20 token transaction and i "only" paid  6.66$ fee and it went through in under a minute so i would say at the moment the fees are ok. Still high but at least ok.
I also have to say that i did my first BTC transaction a few days ago when i did a withdrawal from an exchange and that transaction took almost 12hours to get through and the fees were also around 6$.
So far i only did ETH transactions and therefore i really wasn't used to transaction times this long. So ETH isn't that bad after all. 

[iv4n]

I just sent a ERC-20 token transaction and i "only" paid  6.66$ fee and it went through in under a minute so i would say at the moment the fees are ok. Still high but at least ok.
I also have to say that i did my first BTC transaction a few days ago when i did a withdrawal from an exchange and that transaction took almost 12hours to get through and the fees were also around 6$.
So far i only did ETH transactions and therefore i really wasn't used to transaction times this long. So ETH isn't that bad after all. 

Well, $6 fee is OK when we compare it with the $15 fee! But I still think it's too high! When we compare Ethereum fees and Tron or BNB fees, and not just fees, also the speed of transactions, Ethereum is in a bad position here! I think if they wish to maintain their top position they will have to find a way to keep transaction fees low and high speed of transactions!
It's Ethereum, it's big... we all know that, but if you need to spend $7to send $10 it can be annoying! And people will search for alternatives that offer the same but with less cost and higher speed!

[chippy.hogan]

Dude thats insane tho! Maybe there's something you could do to lessen it? Have you tried asking some DEGO users or their team? Maybe they got a trick

[plr]

It better you do your transactions at the early hours of the day in that way you get a cheaper transaction fees in the entire blockchain and also less congested network which make you transaction fast

After a week I successfully sent my altcoins to exchange with a much lower fee, you really have to check from time to time, the best time to transact, there were times that transaction is even higher than your profit, just lucky hours ago that I finally sent my altcoins for only $2.50 it really takes a lot of patients.

[bitterguy28]

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 

I have read cases of complaints against metamask fee these days , But 3,000$ for a single transaction ?
Damn forget it mate, this will kill traders if continues .

[ancafe]

I just sent a ERC-20 token transaction and i "only" paid  6.66$ fee and it went through in under a minute so i would say at the moment the fees are ok. Still high but at least ok.
I also have to say that i did my first BTC transaction a few days ago when i did a withdrawal from an exchange and that transaction took almost 12hours to get through and the fees were also around 6$.
So far i only did ETH transactions and therefore i really wasn't used to transaction times this long. So ETH isn't that bad after all. 

but, in fact GAS is so big these days, even people want to move to BSC. Well, maybe in the last few days GAS has decreased and is quite cheap, but based on the pictures that TS sent, it really is a very large fee. I also wanted to send coins, it's just that the fee at that time was more than $ 10. I think it's a high price for 1x transaction

[sammy21]

I have read cases of complaints against metamask fee these days , But 3,000$ for a single transaction ?
Damn forget it mate, this will kill traders if continues .

it just looks really crazy. whereas for today I just made a transaction with $ 5-6 per transaction for ethereum tokens. I avoid transactions at night because most of the increase in transactions occurs during the day. when the morning the transaction costs decrease.

[Ziskinberg]

I have read cases of complaints against metamask fee these days , But 3,000$ for a single transaction ?
Damn forget it mate, this will kill traders if continues .

it just looks really crazy. whereas for today I just made a transaction with $ 5-6 per transaction for ethereum tokens. I avoid transactions at night because most of the increase in transactions occurs during the day. when the morning the transaction costs decrease.

I didn't notice that, or maybe you are a lucky person who sends ETH at lower gas fees because every time I check on the fees, it is incredibly high and not really fair especially when you are just moving a small amount. Sending $100 worth of ERC20 tokens and we have to pay $9-10 for a fast transaction and so we don't miss the price, I actually do that. Yeah, really sacrificing but have no choice, we need to move it rather than waiting for the price to dump.

[BITCOIN4X]

Gas price are still quite high at present and will probably remain the same for some time to come. Meanwhile, the Ethereum price correction in the last few days has not at least increased the gas price and as far as I know it is still in the median of 100-110 Gwei for standard.

Most bounty hunter complain about the high price of gas. This is of course because they quite often make erc20 transaction to the exchange where they sell the token from the bounty. Meanwhile, because of the high cost of gas, it will make them refrain from transaction if the total price of token or coin is not proportional to the transaction fee.

it just looks really crazy.

Yes, but only for day trader who may have small capital. If the total price of token sent is around $1000, then I think the $5- $10 fee is not a high fee.

[Bitloca]

This is a really unrealistic price per transaction, a few days ago I withdrawn DEGO to my wallet, and it cost me $ 30. And this price is too high. With such a fee, new projects will refuse to use the Ethereum network, since there is an alternative in the form of BSC.

As I said before, the DEGO team said that their smart contracts expired sooner than they thought, resulting in very high fees. Now they are thinking about changing their smart-contract to BSC which is claimed faster and has lower fees. If you join the DEGO telegram group, surely you know about this problem.

[Bitloca]

That was the problem with the most right now, they can't move their ERC20 token because of the huge fees. If you are moving a huge amount of money, maybe that could still compensate you in the end but if that is just a small amount, that is really insane. Maybe we don't have to force it.

For your case, I'd rather not move it. The fees are not really acceptable and that be considered a loss on your end.

Yes, before this I made a transaction worth 1K USD with fees of up to 150 USD. I processed the transaction because it was worth 1K USD even though the fees were high and it took a long time to process. However, if the value is small, I prefer to hold it until the fees are normal.

[mianvicky1]

Oh my GOD, its really very high. Unfortunately The gas fee  is too high and we can't control it. The problem is with everyone. It's not like it's with anyone, so we have to put up with it. I hope this issue will be resolved in the next few months

[repear7]

It’s gas fee? I am not sure about it. I see 1 eth+ transaction fee for first time. I am checking ethereum fee almost everyday from https://etherscan.io/gasTracker .  I never seen 1 eth+ transaction fee. I think, That's platform complete more then one transaction for confirming full process.

[ingiltere]

This is one of the most requested fee for a transaction I've ever seen. I hope you didn't do that transaction.
ETH network fees are too high for months and they do nothing about it. Clearly they are taking that advantage and miners make money more from fees than mining itself.
Luckily we have new networks that have very low fees and that make people to realize they don't have to rely on Ethereum only. Market is too big and healthy competition is good for whole crypto-currency community.