Insane Gas Fees

[leatutz]

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  

On one side of view, ERC-20 tokens are unable to send or move for its transaction cost. But we are all here to take opportunities from every situation. We shouldn't transfer ERC-20 tokens when the price of Ethereum is so high. During the dump price, your tokens are sent to centralized exchange. Time also defend, send tokens during the 5AM-10AM of UTC 0 time.

[shinratensei_]

It’s gas fee? I am not sure about it. I see 1 eth+ transaction fee for first time.

Im sure that's a bug from metamask, the smartcontract itself will never ask for the gas fees but this is still possible. The dego developer already made awareness about this and almost all hunters were not able withdrawing their doge token. It looks like this is not about metamask that was doing the wrong calculation but the smartcontract has been giving wrong information about the calculation for the gas based on the network's data.
Sometimes metamask was also doing the wrong calculations for the gas fees too.

[HaekalZ]

gas fees these days are really really expensive, i also cannot sell my morph because of the gas fees,
so for now, i think i might have to hold my morph, and expect that morph can go to $3 again,
lets hope that the gas fees will be decrease soon

[Bitloca]

I have seen that in the past two days the gas price has been below 100, even though the ETH price has experienced a correction, I have not seen a panic sell which makes gas rise like crazy. This is exciting news for minor players.

I usually make transactions during the day, usually at this hour the gas fee will be lower because the trading activity is not that massive in the market.

[SacriFries11]

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.

Yes, it's not normal unless you want to have fast transaction and have large value of asset to transact. Gas fee in ETH is really crazy and I try to send some $100 worth of ETH and the gas fee is almost 20% of it. I ended up converting my ETH to Binance Chain so that I can have less gas fee to use to transfer my token. Ethereum need to fix it and need to lower they transaction fee and even in our local platform increase their transaction fee not even increase the speed of the transaction.

[Mr.Scott]

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  

On one side of view, ERC-20 tokens are unable to send or move for its transaction cost. But we are all here to take opportunities from every situation. We shouldn't transfer ERC-20 tokens when the price of Ethereum is so high. During the dump price, your tokens are sent to centralized exchange. Time also defend, send tokens during the 5AM-10AM of UTC 0 time.

I have been informed couple of sources that in the early morning gas fees comes into reasonable. I have not encountered any transactions yet but will try this asap as I have some erc20 token to cash out. I just waiting a perfect time to minimize the gas fees.

[Icologies]

i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this

[fullhdpixel]

3 days ago ethereum's transaction fees have decreased but it seems that today it has increased again. 3-5 $ calculation for the current transaction fee. indeed this is "expensive". If the value we send is small and for Dex trading, especially Uniswap, if our capital is not large, I think this will only hurt us in transaction fees. Transaction problems have become a problem when Ethereum has increased and transactions are also congested

The reality is that if you are dealing with one coin that as a very low LP that means you could have as much as 3000 dollars and it wouldn't be impossible. You are not just paying the gas fee there, you are also paying the swap price as well. If this gas fee is not for anything like that, like it is only for sending money somewhere, obviously it is just a mistake because sending money somewhere never costs that much no matter what you do, even on the peak points it never was anywhere near those levels, so it means this must be swap.

Otherwise it makes no sense, and in swap there is no limit, you could pay 100k as well for swapping, not that anyone would agree, but it all depends on the coins ecosystem and if it is good it is good if it is bad it will charge you a lot, as long as there are providers the price will get lower and lower so that someone wins, but when it is few they make up whatever they want.

[paxmao]

No doubt the Ethereum network is super-clogged as of now. There are a number of projects that require the execution of smart contracts to distribute earnings, tokens or the execution of DApps that are currently thinking on moving to some less cool and distributed networks to others such as the Binnance chain that are private but terribly gas and cost effective.

[Bitloca]

i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this

We can't do anything about high gas fees. Vitalik said that he will launch Ethereum version 2.0 to solve this problem, but until now we haven't heard anything about Ethereum 2.0.

[matchi2011]

i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this

We can't do anything about high gas fees. Vitalik said that he will launch Ethereum version 2.0 to solve this problem, but until now we haven't heard anything about Ethereum 2.0.

Everyone arewaiting for this since the founder of this project gives this statement, the high gas fees are really hurting everyone
who are using ERC chain.

Hoping that after this update version traders and investors will see much competitive gas fees, it will allow them to transact again
with their supported project inside Eth chain.

[roosbit]

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 is outrageous!!
Are you just sending these coins from one account to another or interacting with a dex because personally I have had issues with uniswap and paid more money on gas fees than the value of the token....ever since this happened I have avoided these decentralized exchanges. Our ethereum devs need a lasting solution before this gets out of hand

[TastyChillySauce00]

i see just gets worse ERC 20 tokens cost a very high fee can even play an estimate of the assets we have many have complained about this but until now there has been no solution at all, I plan to leave the ERC 20 token if it continues like this

The team behind ETH said it's gonna get resolved in july, but it's always good if projects or people starts using other blockchain whether by wrapping coins or tokens since it's gonna lighten the burden since the traffic gonna be spread out therefore maybe before july the problem resolved itself but honestly it's indeed ridiculous but right now the fee already going down.   

[Sithara007]

Now I think gas costs are normal. different from January when yesterday there were many airdrops that required ethereum as a transaction fee.
Over the past 2 weeks the gas costs have gone down and are likely to be normal as usual. So you can do normal transactions for now because gas costs are already low. every day in the morning the gas fee has decreased if you are observant in taking time

They are not normal. The fee has declined form the insane levels we had for most of February, but they are still quite high. According to Ycharts, the average transaction fee as of 5th March 2021 is $14.05, which is almost 100 times the level we had one year ago. However, according to Etherscan, the average transaction fee stands at $2.43 for high priority transactions. Don't know which figure is closer to reality.

[Mulann2]

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 

That is crazy. Just 2 days I was trying to send 215 USDT from one of my exchange wallet to another exchange and the ERC20 withdrawal fee was 17USDT though luckily both the two exchange also have the option for TRC20 wallet address and I chooses that for the same transaction for a 1USDT fee. Look at the difference. This same issue have not allowed me transfer same usdt to another exchange I also wanted to use but that didn't have the TRC20 just ERC20 and i ended up not doing that transaction cos that ones fee was 20USDT.

[verita1]

Perhaps it is best not to move tokens if it is not necessary. I hardly use ether anymore at this time because of the high fees. I have turned to Dash and lately bnb. The fees of the ethereum network are already unsustainable.

There are some new networks that are offering low fees. I intend to sell my ether and buy some altcoins like AVAX. It has low fees and I can make fast transactions, it also has a DEX called Pangolin to play a bit because while I wait for the ethereum fees to go down I will have to wait a long time.

https://pangolin.exchange

[paxmao]

Gas fees tend to soar the moment you need to make a transfer the most. To keep an eye you can use Ethgasstation which will give you an indication of a realistic minimum depending on how much of a hurry are you really in. Most of the times you do not really mind if it takes one minute or one day - at least I don't - so take a look at the probability of getting your transaction mined to at least not paying for what you don't really need.

[nykka]

Different coins and actions have its own gas quantity and and sometimes they are really crazy. Unfortunately there is no solution, all we can to do is to wait. For now gas is already 80-100, which is quite cheap comparing to 300-400 like it was a month ago. Ethereum 2.0 willn`t be deployed soon, so I don`t see any real solution for it

[Bitloca]

This is really complete madness. Is the network so overloaded that it is okay to charge such gigantic transaction bills? I do not see a solution to the problems with ETH, the inconvenience is increasing every day. Ethereum is in danger of being overshadowed.

Yes, most platforms now deal with gas fees by using binance smart chains. BSC is claimed to be faster and has lower fees, and I admit it.

[Waleedzain323]

Well, brother, this is not the fact transaction can cost as much as 45$ for now but I remember those days when I was paying 0.00015ETH per ERC20 token transaction. oh! what  good days those were ETH= 250$ and BTC arround= 7800$ to 9000$ now I can't even think of it.