insane fees on eth (uniswap)

[udayantha11]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

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[bittick]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

BSC is an improvement version from ethereum in term of scalability. that's why BSC cost less compared with ether and it will be easily to be adjusted consider BSC was totally a centralized chain.

Approve means you re giving permission to the swap to access your asset and then swap means your asset being swapped into the destination asset.
The solution for this problem already created but again since ethereum decentralized and it can't be implemented easily.

[udayantha11]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

BSC is an improvement version from ethereum in term of scalability. that's why BSC cost less compared with ether and it will be easily to be adjusted consider BSC was totally a centralized chain.

Approve means you re giving permission to the swap to access your asset and then swap means your asset being swapped into the destination asset.
The solution for this problem already created but again since ethereum decentralized and it can't be implemented easily.

you are extremply explained it. i will research more. you answer is very good

[semobo]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Binance smart chain is an individual chain and yes it can be an alternative to the high fee but every project need to swap their tokens to BSC chain before you can transfer them for cheap price but ethereum is decentralized while BSC is completely centralized as far as I know so we can't really trust them in long term.

[mdzahed134]

I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.

[Little Mouse]

For a faster transaction, with high priority, the total fee one have to spend on uniswap is ~$116. Who the hell using this rich network to swap tokens? I'm not that rich and I'm fine with CEX.
I was looking for buying Arcona and found this ridiculous fee.

[batang_bitcoin]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

2.0 is already coming but there's no definite time when it will be finished. Wait until July, there's the improvement that Vitalik has proposed abou the EIP 1559.
I wonder why you are paying that much fees just to pursue the transaction if you can set it to the lower amount. Maybe that's the fixed amount that will accelerate your transaction. I've done a transaction and have to pay around $5-$10 and it has quickly got the network confirmation for Ethereum.

[acener]

Because of the insane fee on ETH even though I don't want to hold my balance on trading site it is the best option for me if I want to hold some erc20 tokens.
I don't want to spend most of my investment on fee's I am just a small time trader so if I want to take out my money on trading site it wouldn't be on ETH or any erc20 tokens.

[someone703]

This is too familiar when using the services on ERC20, the advice for you is to limit small transactions if it is not profitable for you, do not trade because it only makes you lose money add crazy fees. Choosing BSC is a better solution in the meantime.

[JooBra]

This is too familiar when using the services on ERC20, the advice for you is to limit small transactions if it is not profitable for you, do not trade because it only makes you lose money add crazy fees. Choosing BSC is a better solution in the meantime.

Hope the solution they come with will be good since this is killing small traders. Fees are crazy. I'm small trader and all my trading is done on Binance for now since ERC20 tokens on UNI are not in the reach for me now.

[DoublerHunter]

^ We can think that this ETH network and using ETH is for rich people only. I have many tokens that listed on uniswap below $100 but I can sell them all because of the huge fee, probably around $15-$20 including all the fee, it means if we don't have a balance in our ETH wallet we need to transfer fund for the gas fee purpose. That is double the cost while you are covering the fee. Let us try this BSC, this was built because to compete with the gas fee of ETH and hopefully we will see results on V.20 of ETH.

[wheelz1200]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Simple solution dont use it.  Its absurd the fees are that high i agree.  Uniswap is swamp of coins anyway.  You can do just as well on other platforms and not be extorted to pay.

[Cappex]

The problem of exaggerated commissions is a big limitation of ethereum that we hope will be solved with ETH 2.0... Binance has managed to emerge in recent months precisely because its binance smart chain is more scalable, but I do not think it is the definitive solution because I believe that it is too centralized.
I am confident that other solutions will come (Cardano and Polkadot seem to work well) and I have been following Graphene for months, a new project by Team Phore that has been promoted to high scalability.

[Dollar_Hunter]

I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.

there is nothing you can do about it, because the fee at Uniswap is like the price of Bitsong you have,
I also have other coins, and only $ 40 only,indeed it means a lot to me, but we can't do anything but wait for fees to fall

[makishart]

This is too familiar when using the services on ERC20, the advice for you is to limit small transactions if it is not profitable for you, do not trade because it only makes you lose money add crazy fees. Choosing BSC is a better solution in the meantime.

Hope the solution they come with will be good since this is killing small traders. Fees are crazy. I'm small trader and all my trading is done on Binance for now since ERC20 tokens on UNI are not in the reach for me now.

It may not come very soon as there were so many dramas for the implementation of this EIP. You can't expect this will be fixed as soon as possible.
Did you watch the latest drama from the miners that the majority of these miners disagreed with the implementation of EIP1599?
POW is a crap and it was even preventing the blockchain to be upgraded.

[DaMut]

On the positive note because of this insane fees, we are hardly to see an obvious scam project unlike binance.
just a few hours ago I played with it and found 5 scam projects out of 6.
if you are really going into it, it is advisable to know what you are doing because the scam is very common in binance chain.
still love eth but the fee scares me quite a bit, not sure when eth 2.0 can go live.

[Johnyz]

For a faster transaction, with high priority, the total fee one have to spend on uniswap is ~$116. Who the hell using this rich network to swap tokens? I'm not that rich and I'm fine with CEX.
I was looking for buying Arcona and found this ridiculous fee.

This is the big problem for a small time holder. I do have a $35 token and I can’t even sell it because of the fees. Huge fees network are crazy, they keep on growing as time past by and we’re lucky to have BSC on board though tokens are still with ETH, soon if the update of ETH fails to address this crazy fees, many will shift to BSC.

[Dollar_Hunter]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

it is crazy fees from Ethereum, somehow people can trade at Uniswap even though the fees for swap are already very expensive,
why are they still used? I am surprised, even though there are many cheap smart contract platforms that can be used,
such as Stellar, EOS, NEO or BSC, Just imagine that the fees for one swap at Uniswap reach $ 80 ?, haha really cruel!

[FairUser]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Well many users are starting to get bored using services on ERC20 and incur stupid fees. And personally I also find it really stupid to make transactions that incur fees of $50 $100, I would never do that and wait for the fee to drop is the way I choose, but If the coin that I am holding is highly profitable than accepting such fees is not too big for me.

[terciduk123]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Many people have complained about this problem, but Uniswap still has a high trading volume, I don't really understand why there are still many people who trade at Uniswap with very high transaction fees. maybe later Uniswap will find a solution to this problem and later will be Uniswap V3 which is more user friendly.

[khiholangkang]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

For small player yes it is.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

Because you have to approve the terms of the platform first, then you can swap.

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Currently, there are many projects on the ETH platform that have migrated to BSC, you can see them at Pancakeswap.

[btcsmlcmnr]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Not all ERC-20 tokens work on Binance Smart Chain. If you don't have option to use Binance Smart Chain for your swaps, you will have to wait for hours when transaction fees on ETH network is cheaper than other hours. You can wait and broadcast your transactions in hours from 0 UTC to 12 UTC that often give you cheapest transaction fees (Gas price) in a day.

Gas now can help you https://www.gasnow.org/

[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

[Genemind]

This had been an issue on the ERC-20 platform since the Defi hype started. The fees will kill small investors since microtransactions still have huge fees. BNB created a solution to this providing lower fees and faster transactions, it had become one of the best platforms for Defi projects. There are a lot of altcoins that is competing with ETH right now such as ADA, BNB, DOT and many more, I guess this is the meaning of becoming one of the top coins in crypto, whatever your lapses are will be used against you. These platforms offers low transaction fees and developing and solving ethereum's problem applying it in blockchain.

[southerngentuk]

Everyone knows it's slow and not cheap, but why are people still choosing it. It is not the only product in this space to use, there is no need to complain because no one will be of any help but to accept it, do you have any other options. BSC is one of the good candidates recently, but people need to be patient for the next updates to Ethereum.

[cryptoaddictchie]

That leaves me for a reason to trade only if necessary or if I have token and coin I bought before that only can be exchange on uniswap. Dont get me wrong, but I never gonna blamed the eth network or either uniswap for this as we all knew how eth congestion worsen but of course as a consumer or client its my right to speak that eth should do anything and everything to improve this tremendous fee, I know its hard to plan up everything but this problem is not a minor issue that could affect your project later on if continously ignored. But I'm still in for the best for eth.

[btcsmlcmnr]

That leaves me for a reason to trade only if necessary or if I have token and coin I bought before that only can be exchange on uniswap. Dont get me wrong, but I never gonna blamed the eth network or either uniswap for this as we all knew how eth congestion worsen but of course as a consumer or client its my right to speak that eth should do anything and everything to improve this tremendous fee, I know its hard to plan up everything but this problem is not a minor issue that could affect your project later on if continously ignored. But I'm still in for the best for eth.

It is all about planning up your transactions. Some bounty hunters blame on ETH network when they are charged with expensive costs for ERC 20 token movements but at the same time the value of tokens they move is not too high.

Fee will be cheapest when price of ETH or ERC-20 tokens are stable in very narrow price range (not pumps, not dumps).

They decide to move their tokens when price skyrockets and by that they would know transaction fees will be high. Why they do not move their tokens when price is low and wait for pumps to sell? It is their bad plan or no plan at all and Ethereum network is not responsible for this.

[Rana590]

It is really horrible if you think about uniswap fees on Ethereum. Day by day, it is going out of control and we have nothing to do. Pancakeswap is the best alternative of uniswap if everyone use it regular basis.

[TastyChillySauce00]

that's why you should avoid using swap within ethereum blockchain at the time being, using swap meaning you gonna execute minimum two transactions while making one transaction alone already costs so high. Just use the centralized exchange at the time being if you don't have that big capital, now platform like uniswap is the bigboys' playground.

[aryana42]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

You are too late to be fed up because other people are already fed up because of it, so what you need to know is that every exchange with a swap model will always have two questions, namely "Agree" and "swap" just because at Uniswap Gas the transaction is very crazy so that the it is taken advantage of by another exchange whose transaction gas is not as crazy as in Uniswap.

[leea-1334]

This had been an issue on the ERC-20 platform since the Defi hype started. The fees will kill small investors since microtransactions still have huge fees. BNB created a solution to this providing lower fees and faster transactions, it had become one of the best platforms for Defi projects. There are a lot of altcoins that is competing with ETH right now such as ADA, BNB, DOT and many more, I guess this is the meaning of becoming one of the top coins in crypto, whatever your lapses are will be used against you. These platforms offers low transaction fees and developing and solving ethereum's problem applying it in blockchain.

BNB provided a solution but this was exactly what Bitcoin Cash did when they said Bitcoin was not scalable. And we all know what happened to it. Nobody used it no matter how cheap it was.

Providing a new chain to ask people to migrate to is not always the best solution,,, it might seem like it is working now for BSC but I wonder how sustainable after defi and nft dies?

[akirasendo17]

This is why lots of projects are transferring to BSC, imagine you will buy worth 30 USD coin, and the fee is double the amount you will buy, won't you be disappointed? or selling, also the transfer fee is so high, unlike last year if this won't be fixed there will be less project launch in erc20 and lots for BSC, but I'm sure they have already had or created a fix for the issue, but until then, lots of people in the community are not happy about it.

[matchi2011]

For a faster transaction, with high priority, the total fee one have to spend on uniswap is ~$116. Who the hell using this rich network to swap tokens? I'm not that rich and I'm fine with CEX.
I was looking for buying Arcona and found this ridiculous fee.

With investors / traders that have huge amount of investment capital, they are the one who can manage to pay this fee to the priority
transaction, they've got the money and they are willing to take it.

But like you, small traders like us are surely annoyed with such high fees.

that's why you should avoid using swap within ethereum blockchain at the time being, using swap meaning you gonna execute minimum two transactions while making one transaction alone already costs so high. Just use the centralized exchange at the time being if you don't have that big capital, now platform like uniswap is the bigboys' playground.

For the time being, using CEX is the best alternative if you don't have that huge capital to cover those TX fees.
Uniswap is for those who got the money and understand the process well.

[masterrex]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

That's true it was a pretty insane, unjustifiable, unsustainable name it all you want because that's true, That's why I'm stopping using those Ethereum base DEX because I feel I was robbed every time I'm using it, I'm just sacrificing my last ERC20 tokens and sell it and suffer, loses because of the huge TX fees, and then I was migrating to BSC, don't get me wrong I'm a Huge eth fan but because of these monstrous fees, it's better to leave it temporarily By the way in the news the greedy miners are against in EIP proposal and planning and attacked to the network for me that was a clear manifestation of greediness.

[tvplus006]

I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.

Uniswap was created not so that bounty hunters could sell the coins received from the bounty there, but for traders who trade new coins that are not yet represented on centralized exchanges. Therefore, you need to be patient when your coin will be traded on CEX, or you should use Uniswap on the weekend, when the network load will be lower and, accordingly, the commission will also be lower.

[ivankoh]

For a faster transaction, with high priority, the total fee one have to spend on uniswap is ~$116. Who the hell using this rich network to swap tokens? I'm not that rich and I'm fine with CEX.
I was looking for buying Arcona and found this ridiculous fee.

This is the big problem for a small time holder. I do have a $35 token and I can’t even sell it because of the fees. Huge fees network are crazy, they keep on growing as time past by and we’re lucky to have BSC on board though tokens are still with ETH, soon if the update of ETH fails to address this crazy fees, many will shift to BSC.

There have been a lot of topics regarding ethereum's gas ... Of course the majority of this climax complained about it.  If ETH is maintained at its high level and transaction volume evenly over the long term, it truly represents a great opportunity for miners.  And they will have huge hit points for the achievement, which means that the distance between ETH and BSC will be closer.  Condolences for this, it is force majeure at this point.

[rozak]

I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.

Uniswap was created not so that bounty hunters could sell the coins received from the bounty there, but for traders who trade new coins that are not yet represented on centralized exchanges. Therefore, you need to be patient when your coin will be traded on CEX, or you should use Uniswap on the weekend, when the network load will be lower and, accordingly, the commission will also be lower.

indeed sometimes there is a reduction fee at UniSwap. but I guess it's still too high a value.
before the BSC was launched and was as busy as it is today. Transaction fees at UniSwap are already very expensive compared to other exchanges. and this is also exacerbated by the increasingly expensive price of ethereum.
UniSwap is not friendly for bounty hunters. would be preferable to UniSwap for large traders and investors.

[codpku]

Every market have their market i think, people who use uniswap ofcourse already count their profit and $50 its just a common for them i think

[Onuohakk]

The high cost of transactions fee is not from uniswap rather it's from the ethereum network.
Uniswap just made trading easier and faster without long protocols of KYC.
If the ethereum network continues with its high rise of transactions fees, in year's to come another preferable altcoin will be used other than ethereum

[rosebrand]

The transaction fees charged by Uniswap is just too high and expensive therefore Making small traders being unable to transact using Uniswap because there can't afford paying such high amount and this is actually caused by the ethereum high gas fee for transactions and if this isn't resolved people will be left with no choice but to find a cheaper network to work With. Uniswap is for big traders who can afford paying such high fees for transactions.

[mdzahed134]

I have BitSong coin worth of 85$ right now, but these coin got listed only Uniswap exchange so no way to sell it anywhere. Fee is really big thing for such small amount coin. I will get nothing if I sell it now because i need to 70$-80$ fee to swap this coin. For Uniswap crazy fee a lot of users can't sell their token.

there is nothing you can do about it, because the fee at Uniswap is like the price of Bitsong you have,
I also have other coins, and only $ 40 only,indeed it means a lot to me, but we can't do anything but wait for fees to fall

Don’t expect for reduce network fee earlier because Uniswap fee is always over than any centralized exchange. Even though i think also ETH network fee doesn't seem to be lower very soon, provably will take end of this year i mean we have to keep patient until launch ETH 0.2 Besides, i don't see any sign of reduction at the moment.

[bitcon]

People are increasingly disappointed in Ethereum or rather in the inaction of its creators. I believe that Ethereum has grown so high only thanks to retail users. Now with worldwide recognition, is the development team targeting big investors only?

People can completely lose confidence in the network and go to places where they offer more convenient conditions for cooperation. Ethereum team should think and start doing something.

[coin-investor]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

I stopped trading on Uniswap because I have a similar experience like yours 70% of the value of my coins has been taken out on one transaction only, so all the coins the tokens I received in the bounty are stuck to my wallet as I have no Ethereum to use for gas and still waiting for the time that the core developers fix this issue, I just hope all my tokens will not turn into shitcoin.

[Renampun]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

This problem has been discussed for almost a year and is still without a solution...
Swap platforms usually have high gas fees because many of them also farm there. If the coin/token you want to exchange is another exchange option then just choose another exchange, don't uniswap.

[tvplus006]

The high cost of transactions fee is not from uniswap rather it's from the ethereum network.
Uniswap just made trading easier and faster without long protocols of KYC.
If the ethereum network continues with its high rise of transactions fees, in year's to come another preferable altcoin will be used other than ethereum

You can't blame the high fees solely on the Ethereum network.  1inch Exchange has released a new update that reduces the amount charged for the swap commission. Thus, the commission charged by 1inch is now 10% lower than for a similar transaction on Uniswap and 3.5% lower than on 0x Protocol.

[Ibrahim60]

In uniswap transaction fee is so much high. They take fees two times. First you need to confirm it and need to give fees and next in the final stage withdraw. Also need high fees. Though their transaction speed is fast but gas fee is much higher. I don't know why it is damn high. I'm confirming a token to swap but i can't withdraw it for withdraw fee. This is a sad thing for all small trader.

[tvplus006]

In uniswap transaction fee is so much high. They take fees two times. First you need to confirm it and need to give fees and next in the final stage withdraw. Also need high fees. Though their transaction speed is fast but gas fee is much higher. I don't know why it is damn high. I'm confirming a token to swap but i can't withdraw it for withdraw fee. This is a sad thing for all small trader.

You have answered your own question: the price of transactions on Uniswap is higher than the average on the network due to the fact that an increased commission is charged, which ensures the speed of transactions. You have answered your own question: the price of transactions on Uniswap is higher than the average on the network due to the fact that an increased commission is charged, which ensures the speed of transactions.

[jerry0]

Are you talking about the exchange uniswap?  If so, im confused because i thought you pay a percentage only like coinbase/bitstamp etc?  Or do you mean when transferring from wallets?

[Bazlur]

One thing I don't understand is why I need to get approved when I want to swap on Uniswap? I think it's a trap to steal our money. Most of the tokens are being listed in this exchange after deducting a lot of money from the customers in such exchanges. Project owners are just thinking about themselves and not thinking about what will happen to others.

[ShowOff]

I did a small swap $220 ETH, but after giving the fees I only received $161  worth of the token I swapped for. Uniswap trading fees kinda ridiculous and this is not expected. Nowadays it's too much to handle the crazy gas fees. It's not worth using for small traders.

If you don't like uniswap just because the transaction fee are so high, don't use uniswap. Uniswap is not for those with a low estimated asset value, at least you should make a profit after you agree to the fee. Easy enough, right?

I think people shouldn't use uniswap if they don't agree with high fee and they can trade their altcoin on other listed exchange. I even firmly believe that uniswap is what make the ethereum fee so expensive.

[Yamifoud]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

We are looking for a better way to save some fees but as a certain coin that only listed in uniswap, we find no choice but to pay for it or else, we don't. Just like if the value of your coins is $1,000 and need to pay $100 is still acceptable (for me) but if that only valued below $500, I don't know? It is really an insane thing but sometimes gives us no choice and we have to do it.

[Dhoe]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

This happen on which coin we have right now, if market only on Uniswap what have to do because we must trade and sell coin on Uniswap, but if you can get your coin listed on BSC exchange like binance or pancake you can get less fees or only 0,2$ each transaction when selling or buying coin.

[Coin_trader]

Are you talking about the exchange uniswap?  If so, im confused because i thought you pay a percentage only like coinbase/bitstamp etc?  Or do you mean when transferring from wallets?

He was referring to the transaction fee from ETH wallet to Uniswap. Uniswap has a required amount of transaction in able to process the swap. You can’t swap your tokens using the suggested transaction fee of ETH. This transaction fee and exchange fee is what comprises the fees which OP talking about on this topic. Experience it by yourself to have a fully grasp on it.

[bobyhodob]

It seems that if you are not too pressed to use Uniswap as a buy token, I better play on the Binance Smart Chain platform which is a bit cheaper in fees

[Hasan986]

Uniswap charges extra. Much more that can be caught. I sold a coin and got 60$. Calculated that the total fee is 50$. Uniswap does not want to trade from there for a hefty fee. Finally, i see loss is calculated for the fee.

[Mtaiwo]

me too am tired of this crazy gas fees, what we just need is to endure till solution is find to it, and if the you want to do worth it, you can do it. just like me have not conduct any transaction since last year december.

[nimogsm]

I just don't use the service because of the high commissions,always looking for alternative ways to sell if there are any.There is no desire to overpay once again.

[tyz]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

You can not compare the ETH network with BSC network.

I agree with you, ETH desperately needs huge improvements in scalability. But these will not be really achieved with ETH 2.0. The fees will drop a little, but still remain comparatively high, so the issue of high fees will remain for a while longer.

[Maslate]

I just don't use the service because of the high commissions,always looking for alternative ways to sell if there are any.There is no desire to overpay once again.

Actually, it is a thing we do but OP didn't find any exchanger for his token and that leaves no choice either, he has to sacrifice the fee or just lose that price opportunity. Because if I am in his situation, I should still have to sell/swap it. But of course, we consider first also the value of the token (total price) versus the fee collected. If that we are still profiting why we should have to wait for the fee to lower down? This is just an opportunity, I don't know that if it knocks you again in the future.

[virasisog]

BSC aimed to solve ETH platform's problem which is high transaction fees. This had been ETH's problem since the DeFi hype started, I've lost some of my tokens where swap is needed due to this high fees. Imagine holding about less than a dollar token and the team requires swap in a certain time but you will have to pay the fee for the swap, microtransactions are not viable and it is not economic.

[gurunanakji777]

Yes, Binance smart chain is much better than Uniswap because of fewer transaction fees. If the total fees reach 50-80 USD that means small players can not imagine trading on Uniswap because of high fees. It should be within some limit. Let's see what happen when Eth 2.0 launch but at present BSC is a good option to trade. If the gas fee is continuously high in Uniswap small traders will be away from Uniswap and we must know the small traders are much higher in no as compared to big traders. I want to sell my coins listed on Uniswap now desperately waiting to list my coins on other exchanges so that I can sell and save the high fees.

[onecall123]

BSC aimed to solve ETH platform's problem which is high transaction fees. This had been ETH's problem since the DeFi hype started, I've lost some of my tokens where swap is needed due to this high fees. Imagine holding about less than a dollar token and the team requires swap in a certain time but you will have to pay the fee for the swap, microtransactions are not viable and it is not economic.

Yeah it's getting ridiculous. Ethereum GAS Fees are unacceptable and also unbearable in terms of micro transactions. Time is moving too fast, but unfortunately until now we're far away of getting cheaper and fast transactions. Binance smart chain is here to rescue us from ETH platform's problem. Ethereum suffers, but BSC will replace.

[TopTort777]

Lol. Topic about fees created on March 17 2021. Where have you been buddy in last 3-4 months? Fees has been like this already for a long time. Just get used to it. Or try to catch “a bit lower fees on saturday/sunday nights”.

[Teraboy]

but the selection of projects is still small, it also needs time to grow big.

It's caused by BSC was still a new platform and it has no big community like ethereum. The majority of various tokens were still centralized on ethereum chain and that makes people have no choice rather than still use ethereum as the chain to trade their tokens.
Anyswap will always need approval from the users and it will be interated with the smartcontract to call a function to swap the token.
BSC and Ether have almost the same mechanism.

[TastyChillySauce00]

BSC aimed to solve ETH platform's problem which is high transaction fees. This had been ETH's problem since the DeFi hype started, I've lost some of my tokens where swap is needed due to this high fees. Imagine holding about less than a dollar token and the team requires swap in a certain time but you will have to pay the fee for the swap, microtransactions are not viable and it is not economic.

Definitely, microtransaction isn't ethereum's thing as of now same with bitcoin I suppose, it's only worth it if we have more than $300 not to mention how volatile eth gas price was it's like gambling when we trying to send a transactions within eth blockchain. but july is near so hopefully the devs of eth can prove their words.

[Kelvinid]

and to make it worse many and many projects still creates token inside etheruem blockchain like dude, aren't there any smart contract platform out there other than ethereum.
 it really grind my gear lol and to cope up with that I just don't really touch ERC20 token like again, this one coin just making me poorer and poorer for each transaction executed.

I don't understand why that still is. And come to think of it, the Ethereum team will continue to ignore this issue or not respond to it as quickly as they ought to because of new projects keep developing on the network. If it where that there is some significant shift from them, then maybe they could have look at this problem swiftly but lets see how far we go with this.

Their plan to launch ETH2.0 this July as their propose solution to high fees but can't be sure if that will launch as schedule or not. And be sure if that will become effective.

Really disappointing how the situation goes like this and Vitalik don't have any update for their status in regards to ETH2.0. People have come to think that Ethereum developers don't care about this issues, yeah, it is obviously we don't see any. And even they have a solution but this never give the comfort to everyone. Why? because they are dumb to late to make actions and many traders and investors had suffered already.

[matchi2011]

and to make it worse many and many projects still creates token inside etheruem blockchain like dude, aren't there any smart contract platform out there other than ethereum.
 it really grind my gear lol and to cope up with that I just don't really touch ERC20 token like again, this one coin just making me poorer and poorer for each transaction executed.

I don't understand why that still is. And come to think of it, the Ethereum team will continue to ignore this issue or not respond to it as quickly as they ought to because of new projects keep developing on the network. If it where that there is some significant shift from them, then maybe they could have look at this problem swiftly but lets see how far we go with this.

They are still getting support and there are many traders who are not minding this fees they are capable in paying that insane amount
and just continue doing business using this chain.

The team will continue to ignore as there's not much impact to this chain, unless many developers will switch and and use other chain
for transacting might force the team to think of this fees.

[dhemasm]

Well, Ethereum gas is really high and if you do trade on uniswap it will cost that amount which is ridiculous. If you still insist to trade on Ethereum Network especially Uniswap, You can try to wait until Midnight UTC Time, The gas fee was much lower on that time (60-90 Gwei) but it's not efficient right? Then you can use BSC or maybe some Layer 2 Exchange or Network like 1Inch or Matic network. Well, let's just wait until ETH 2.0 launched or EIP-1599 Implemented.

[dihari]

It's not worth it anymore to use defi platform with ethereum network. Due to the gas fee, it is only for the whales. Also I never use uniswap anymore since the first time I use it and they charged me more than $10 for approval.
If you have 10 tokens with each value no more than $100, I recommend you to just wait patiently for exchange listing to sell all of them.

[zasad@]

Well, Ethereum gas is really high and if you do trade on uniswap it will cost that amount which is ridiculous. If you still insist to trade on Ethereum Network especially Uniswap, You can try to wait until Midnight UTC Time, The gas fee was much lower on that time (60-90 Gwei) but it's not efficient right? Then you can use BSC or maybe some Layer 2 Exchange or Network like 1Inch or Matic network. Well, let's just wait until ETH 2.0 launched or EIP-1599 Implemented.

To use BSC or Layer 2 Exchange you will have to pay a commission on the Ethereum network.
If you have $ 100 worth of tokens, then you will pay $ 40-50 in commissions anyway.
Then it is probably easier to pay a commission for transferring these tokens to a centralized exchange at a time when the cost of gas is low.

[MatchPS]

The fees are really getting out of hand. I'm afraid that the fees are going skyhigh and that 'normal' dont swap or buy ETH anymore. ETH is a coin for rich people in the future. This is really bad because trading on the Binance chain is really cheap so alot of coins are migrating to binance because of that. SO ETH FIX THIS PROBLEM...

[btcltcdigger]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

BSC fee's are the only posivie thing that go into BSC favor. Rest is not.
Fundamentally, BSC is crap, and within a month or two, ETH fee's will come down, and BSC will be dead like xdai and matic

[tvplus006]

This is one of the problems of investors as well as holders of altcoins and they are looking for a solution on how to save on the gas fee because the eth gas fee is now too high but if the eth 2.0v ends there is a chance that the gas fee will fall and you can transfer altcoins again now, all you can do is hold first.

This problem with high commissions occurs mainly in bounty hunters when they try to transfer their earned coins from the wallet to the sale. For those who constantly trade on decentralized exchanges, such commissions are not critical, because the profit received from trading is thousands of dollars.

[Koro-Sensei]

It is killing the small time traders and bounty hunters. If you were paid in a bounty having a 100$ worth and the eth gas is in 20$ or so + after exchange the withdrawal fee is much likely to be that high. Lucky are those who have big trading portfolios.

[deathcode]

It is killing the small time traders and bounty hunters. If you were paid in a bounty having a 100$ worth and the eth gas is in 20$ or so + after exchange the withdrawal fee is much likely to be that high. Lucky are those who have big trading portfolios.

The ones doing the transactions now are of course those who have big trades.
if we look at token trading on uniswap. apart from high transaction fees. most transactions are of great value. that is because if they transact with a small value it is clear that they will only be thrown away for a fee.

[makishart]

It is killing the small time traders and bounty hunters. If you were paid in a bounty having a 100$ worth and the eth gas is in 20$ or so + after exchange the withdrawal fee is much likely to be that high. Lucky are those who have big trading portfolios.

It was killing all of the little shrimps that used ethereum service as you can see that there are bunch of complaints about that and that has proven that if uniswap is not worth anymore to be used by the small traders.
two digits fees for a single swap transaction and that's more than crazy.
Even the big traders are also complaining about that dude. The miners were killing this chain

[Bitstar_coin]

The reason why am not able to buy or invest in any project that is trading on uniswap only, it is ridiculous how people sing praises of the is exchange with high gas fees, it doesn't make sense why a dex should have such high fees, am not a fan, not now not never 

[jaberwock]

Lol. Topic about fees created on March 17 2021. Where have you been buddy in last 3-4 months? Fees has been like this already for a long time. Just get used to it. Or try to catch “a bit lower fees on saturday/sunday nights”.

I think people are fed up with it, that's why we keep seeing more and more new posts about it, it is not new but people still want to talk about it and that's the problem, nobody is fine with this, and old topics become huge and get lost, so they start a new one to tell what they want to tell and be seen about it as well. This is why I think it is obvious we could have many topics about this and we will keep seeing these things in the future as well, instead of going against it, we should join in.

I have personally stopped using ETH blockchain, moved fully to BSC and since I made that change I have spent maybe 50 bucks on all of my moves and I make at least a few every single day for the past month, that shows you how cheap BSC can be. I can tell you that it would take me just one approve and swap on a token to pay more than 50 bucks on uniswap if I stayed there.

[bryant.coleman]

It is killing the small time traders and bounty hunters. If you were paid in a bounty having a 100$ worth and the eth gas is in 20$ or so + after exchange the withdrawal fee is much likely to be that high. Lucky are those who have big trading portfolios.

As such there is no solution for this. The fee has remained at extremely high level for more than four months now, and the indications are that it will remain like that for for the remainder of this year. I feel bad about the bounty hunters. But they need to look for alternatives. They can contact the bounty manager and request a single ERC-20 recipient address for a large number of hunters. This would make it more affordable to convert the tokens to ETH. Once the tokens are converted to ETH, they can split up the ETH among themselves.

[bitzizzix]

This is one of the problems of investors as well as holders of altcoins and they are looking for a solution on how to save on the gas fee because the eth gas fee is now too high but if the eth 2.0v ends there is a chance that the gas fee will fall and you can transfer altcoins again now, all you can do is hold first.

This problem with high commissions occurs mainly in bounty hunters when they try to transfer their earned coins from the wallet to the sale. For those who constantly trade on decentralized exchanges, such commissions are not critical, because the profit received from trading is thousands of dollars.

The ethereum problem is not far from a gas problem, and it will not affect those with a big advantage because it is worth what it gets and will continue to use it.
In contrast to small traders or anything that has a small income will be a consideration.
I'm sure the gas problem will be resolved soon it just takes time for that.

[Lordhermes]

The reason why am not able to buy or invest in any project that is trading on uniswap only, it is ridiculous how people sing praises of the is exchange with high gas fees, it doesn't make sense why a dex should have such high fees, am not a fan, not now not never 

This affected so many investors trying to buy coin during the Defi hype period, that's why most of the project falls in to bsc smart chain for an easy charge, ethereum blockchain is demanding huge charge for a transaction this time, $15 which is equivalent to what some low dude can't afford.

[Golftech]

The reason why am not able to buy or invest in any project that is trading on uniswap only, it is ridiculous how people sing praises of the is exchange with high gas fees, it doesn't make sense why a dex should have such high fees, am not a fan, not now not never 

This affected so many investors trying to buy coin during the Defi hype period, that's why most of the project falls in to bsc smart chain for an easy charge, ethereum blockchain is demanding huge charge for a transaction this time, $15 which is equivalent to what some low dude can't afford.

But most of those traders and investors who ride with DeFi hypes do have enough money, I'm talking about

those who took advantage of the hypes, even they are paying huge amount for the transaction fees it's been

covered since they are really investing huge amount and expecting high returned profits, it's vety unlikely with

small players, the fee itself already sucked the initial investment so it rather not to participate.

[ene1980]

This problem with high commissions occurs mainly in bounty hunters when they try to transfer their earned coins from the wallet to the sale. For those who constantly trade on decentralized exchanges, such commissions are not critical, because the profit received from trading is thousands of dollars.

The small traders are suffering in situations like this and there is no way they are going to trade during these high fees situation thinking they could profit and even big traders who are planning to trade for a much longer time the amount of money they are providing as transaction charges will accumulate and become insane even if they are doing thousands of dollars worth of profit.
If ETH does not fix the issue many chains will migrate the platform from ETH to others.

[Twinkledoe]

This problem with high commissions occurs mainly in bounty hunters when they try to transfer their earned coins from the wallet to the sale. For those who constantly trade on decentralized exchanges, such commissions are not critical, because the profit received from trading is thousands of dollars.

The small traders are suffering in situations like this and there is no way they are going to trade during these high fees situation thinking they could profit and even big traders who are planning to trade for a much longer time the amount of money they are providing as transaction charges will accumulate and become insane even if they are doing thousands of dollars worth of profit.
If ETH does not fix the issue many chains will migrate the platform from ETH to others.

Uniswap is not for small traders anymore. Anyway, a lot of projects are going to BSC already. So if they will not improve their fees, in time, they will lose a lot of customers, even with these big whales. Of course, they always want cheaper fees. And if there is another option, I seriously think, they will go for it. So they should be prepared for that to happen. Traders switching to a better platform.

[Distinctin]

The reason why am not able to buy or invest in any project that is trading on uniswap only, it is ridiculous how people sing praises of the is exchange with high gas fees, it doesn't make sense why a dex should have such high fees, am not a fan, not now not never 

This affected so many investors trying to buy coin during the Defi hype period, that's why most of the project falls in to bsc smart chain for an easy charge, ethereum blockchain is demanding huge charge for a transaction this time, $15 which is equivalent to what some low dude can't afford.

This not surprising this time, ERC20 tokens have a huge transaction fee. Most bounty hunters are complaining about this one, that actually hard for them when their token just valued at $40 (for example) and have to pay for $10-$15, it is a big loss for them. Really disappointing but they have no choice this time if they want to sell/swap it, they have to sacrifice some bucks in order to get money from hunting.

[susuberuang]

The thing that I'm worried about the am already happening now where the cost of uniswap transactions be very high, this making the bonty honter suffer a lot, get disappointed and complain a lot, because of the profits and transaction costs is almost the same, this is clearly detrimental to small traders, like the uniswap, not for small traders at the moment, and I think if the management does not make corrections to this problem, traders who use the uniswap will leave Etherem and move to another platform, if this happens I believe the popularity of ETH will decline,

[TastyChillySauce00]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

BSC fee's are the only posivie thing that go into BSC favor. Rest is not.
Fundamentally, BSC is crap, and within a month or two, ETH fee's will come down, and BSC will be dead like xdai and matic

Couldn't agree more, the fact that BSC centralized is supposedly to keep people who concerned about the idea of crypto in the first place from moving over to it if they could grasp that centralized means CZ gonna be the supreme lord which has authority over this blockchain.

Until this day I keep wondering why most of people choose to migrate to BSC than to other decentralized smart contract platform. I know the migration to BSC is simple but it's still better to move over the same decentralized blockchain than to centralized ones.

[galestorm]

I havent tried uniswap before. I was planning on swapping my coins on that network but based on your post, maybe i'll pass. Nowadays transaction fees are really expensive, which doesnt make up for the amount of coins that small traders have in their digital wallets. Too costly for my opinion and not worth to transact. That's why others bulk up the amount of coins that they have just so the fees paid would be worth it. Im currently searching for a network that is perfect for bounty hunters and small investors that have affordable transaction fees.

[ven7net]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

You're right! The story around fees on the Ethereum network is already beginning to stir and cause distrust. When I saw how much commission fees to pay on Uniswap, I wondered if Ethereum developers really think that with such commissions they will have more users? As for me, they, on the contrary, are losing ETH holders every day, and many projects are switching to other blockchains. This is all very bad for our community and would love to see this problem resolved as soon as possible.

[mdzahed134]

It's not worth it anymore to use defi platform with ethereum network. Due to the gas fee, it is only for the whales. Also I never use uniswap anymore since the first time I use it and they charged me more than $10 for approval.
If you have 10 tokens with each value no more than $100, I recommend you to just wait patiently for exchange listing to sell all of them.

Also i didn’t used Uniswap exchange when it’s entered in the market, actually when i was no coins which need to sell in this exchange. Provably it’s fee was quite high from first time but now it’s extremely high. It’s now the rich people’s exchange. I awaiting to sell a coin which now listed in Uniswap but i'm looking for a new exchange.

[Traderbtcc]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

$50 to $80 per trade? wow I could probably use that x1000 to pay trading fees on a CEX or swap on a DEX that runs on BSC alot of times before I would need another gas fees, these high gas fee on Ethereum Network is a big problem, but even though the solution is there ETH 2.0, it seems there are some procedures it has to go through before it's been implemented cause it's a decentralized community, with that said, I don't think Uniswap should move over to BSC, remember BSC is just like a prototype of Ethereum Network,I don't see any need to move over because ETH 2.0 will solve all the current problems ETH network has now.

[btcltcdigger]

Couldn't agree more, the fact that BSC centralized is supposedly to keep people who concerned about the idea of crypto in the first place from moving over to it if they could grasp that centralized means CZ gonna be the supreme lord which has authority over this blockchain.

Until this day I keep wondering why most of people choose to migrate to BSC than to other decentralized smart contract platform. I know the migration to BSC is simple but it's still better to move over the same decentralized blockchain than to centralized ones.

Human greed basically. Lately, there's been dozens and dozens yield farms popping up every day on BSC, because it's so cheap.
And greedy people are flocking like flies to shit on them. And guess what, most of them are rug pulls

[devollito]

Uniswap transactions take two swap, Token - WEYH- ETH and this is what makes people pay more when they exchanges the token with uniswap, and this is hiw uniswap community taking profit, but it is good for liquidity of the token on it. If you did this at pancake swap it will not charge you that high because Binance smart chain fees is not high as ethereum fees.yhe problem is not on uniswap but on the ethereum network fees.

[carrie_white]

yes I agree with you, the uniswap gas fee are insane, the lowest cost is 50 $, very not worth it, therefore I use other alternatives besides eth, I use polkadot and binance, I'm sure polkadot and binance can shift eth position if it continues like this

[asriloni]

yes I agree with you, the uniswap gas fee are insane, the lowest cost is 50 $, very not worth it, therefore I use other alternatives besides eth, I use polkadot and binance, I'm sure polkadot and binance can shift eth position if it continues like this

I'm not sure that will happen. When you are having your tokens that only available on ethereum chain and what will you do? do you wanna abandon your token there? That's why ethereum chain is still active right now.
It may need until last year for this problem to be fixed.

People are being forced by the situation if their assets were still using ethereum blockchain. The uniswap is still used by so many people.
It looks like the binance and polka users will still use ethereum too.

[criket]

yes I agree with you, the uniswap gas fee are insane, the lowest cost is 50 $, very not worth it, therefore I use other alternatives besides eth, I use polkadot and binance, I'm sure polkadot and binance can shift eth position if it continues like this

I'm not sure that will happen. When you are having your tokens that only available on ethereum chain and what will you do? do you wanna abandon your token there? That's why ethereum chain is still active right now.
It may need until last year for this problem to be fixed.

People are being forced by the situation if their assets were still using ethereum blockchain. The uniswap is still used by so many people.
It looks like the binance and polka users will still use ethereum too.

when those ERC tokens don't decide to swap to another chain then that obviously won't happen.
UniSwap users will continue to exist on the ethereum network. we can't fight back, this is what happened until now.
he said the improvement was in the middle of this year, so I think all ethereum chain users must be patient with this urgent situation.
what makes people really angry is when they see their token price go up but can't pay the exorbitant Gas fee.
because so far I have seen several transactions on Uniswap now dominated with large values. obviously, it's not a user of a bounty hunter or airdrop.

[doomloop]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

ETH is carrying a lot and I think that’s what’s causing the fees to be this year, plus the bullish trend, so it’s going to be high. A lot of people has been complaining about this same thing that has been happening for a long time and it seems there is nothing we can do about it than to keep on waiting for the ETH 2.0 till it’s released, and we don’t know for how long.

I noticed some people started making use of the TRX (Tron) coin, seems like it’s the best now for transactions as I am now seeing a lot of people who are using it. Bitcoin can’t be the next option since it is also experiencing the same high fees as Ethereum has been going through, and I think this is going to continue for long, I guess until the bullish trends are over and it will all stop happening.

[mdzahed134]

It is killing the small time traders and bounty hunters. If you were paid in a bounty having a 100$ worth and the eth gas is in 20$ or so + after exchange the withdrawal fee is much likely to be that high. Lucky are those who have big trading portfolios.

Indeed, small traders will never go to trade here with small amount of money because fees may be higher than their initial investment. It could be when bounty hunters have no any other way to sell their tokens. You can't swap by 20$ if you considering minimum fee, i have been swap a token after paid, 70$.

[MUG1WARA]

With the price of Ethereum this high, I can only imagine how much gas fee it will cost to make a simple transaction on Ethereum blockchain, Binance Smart Chain is an improvement of Ethereum that's why the gas fees are lesser there, lately Ethereum has been loosing so many projects to Binance Smart Chain since gas fees are alot more cheaper, they don't want their investors to be scared of investing because of high gas fees.

[donatello345]

Well, it was already necessary to get used to it, of course it is difficult to get used to such commissions. Especially when you need to make an exchange for a few dollars, and the commission is 10-20 times more expensive than the exchange amount.

But this is because of the high price of Ethereum.

[mrjoy15]

I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.

[Samurai trieng]

In my opinion, this high gas cost is the culprit for the downfall of the eth (uniswap), where currently many crypto users have switched to the binance the smart chain, whose transaction costs are very low compared to the etherem, this are the reason small traders switching to BSC, the hopefully etherem can solve this problem so that the bsc does not overtake ETH's popularity in the future,

[H1N1]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

If you want to use lower gas fee, you just have to wait some time and you will be able to use lower fee.
I usually check the gas fee here : https://etherscan.io/gastracker before make any transaction in ethereum blockchain.
It is very frustrating if we want to swap token for other token in uniswap because insane gas fee indeed, that is why many new projects on bsc now.

[ecnalubma]

I refrain from using Eth network because of the gas fees issue particularly when swapping. I still have high hopes that Ethereum will fix this soon, builders on the network is decreasing I think it is enough reason to seriously tackle this major problem and its a domino effect to poor projects.

[Bitstar_coin]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Uniswap is a hungry dex looking to eat all your funds for transaction fee, who design this dex to be so did a terrible job, whatever you do in uniswap attracts fee, you won't to sell, you will pay high amount, you want to buy, you will pay high amount, you transaction failed, you will still have to pay for it, what the hell is that! I don't know how some people find fun trading there, I am no fan of that hungry dex.

[Muslimin mj]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

This is a huge problem faced by Ethereum users right now, very high transaction fees that confuse users with their altcoins that are in the Ethereum wallet. They should be able to get bigger profits, but due to high transaction fees, users must be willing to lose some of their profits because they have to bear the burden of transaction fees that reach - + $ 50.

[XCANA]

Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't  reduce fees and the network will likely to surfer patronage.

[no-ice-please]

Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't  reduce fees and the network will likely to surfer patronage.

It is not about playing with our feelings, it is about rolling out a solution at scale without jeopardizing the security and integrity of the network. That's hard to do, much harder than when you start from zero like BSC.

[royalfestus]

In my opinion, this high gas cost is the culprit for the downfall of the eth (uniswap), where currently many crypto users have switched to the binance the smart chain, whose transaction costs are very low compared to the etherem, this are the reason small traders switching to BSC, the hopefully etherem can solve this problem so that the bsc does not overtake ETH's popularity in the future,

Ethereum and the team is under pressure to reduce gas fee; The hardfork was backdated among this concern to activate the EIP 1559 through the London hardfork to change the structure around the gas fee, allow envelope transaction for backward transaction. The upgrade should cause a drastic restoration of ethereum decentralized exchange and affiliated Defi coins

[H1N1]

Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't  reduce fees and the network will likely to surfer patronage.

It is not about playing with our feelings, it is about rolling out a solution at scale without jeopardizing the security and integrity of the network. That's hard to do, much harder than when you start from zero like BSC.

It means the Ethereum team has not found the solution of high gas fee problem now.
The high fees on Ethereum network can be caused by few things, high volume transactions and high eth price.
As we know that the ETH price is very high at the moment and if we compare with BSC, it is clearly cheaper in BSC because the transaction volume still not as much as Ethereum network, and the BNB price is also cheaper than ETH price.

[harapan]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Since Ethereum started having this crazy gas fees war, I have stopped using it for my daily transactions as each transaction on it is more expensive than the amount of money I spend to eat daily, I have moved over to BSC sincethe gas fees are lesser there, and it's not just me  so many projects have moved to BSC since the gas fees war started, eth 2.0 is needed urgently cause we sick and tired of paying this high fees for transactions.

[Farma]

a few days ago, I made a transaction at Uniswap, and if I calculate, the total fee that I did more than $ 30, even close to $ 45. after all, uniswap is indeed a great exchange, but it has a huge feat. well, if there are other exchanges, I will probably use an alternative. In addition, this did not only happen to Uniswap, even in forkdelta the fees were quite expensive.

[fosco333]

I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.

I guess that was a hard lesson  currently i have some tokens in my address too, but the value is still not worth.
Now i must calculate the value of the token everytime i want to transfer and swap them on uniswap, otherwise i will lose my money because the gas fee can be higher than the token value and that is not funny.

[Sepertiangin]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

[MishaSER]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

It's all to blame for the fall of bitcoin from 63,000 to 50,000 this morning, people in a panic began to sell their cryptocurrency, which provoked a high commission for gas.

[Cling18]

It's also one of the struggles that I have. I have to limit the fees sometimes just to save a portion of my funds which makes the transaction slower. However, it's good that someone shared the ways to convert it to BSC first so I could lessen the transaction fees. I think we just have to accept the fact that every time the prices of our coins rise, we should expect that the fees would also get more expensive.

[rahmatullah9305]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

What makes you so frustrated with the current conditions? is it only because of the high gas costs at uniswap? If that's what you feel then there's no need to be frustrated because everyone else feels it right now.

[dhemasm]

I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.

Basically it's not an stupid exchange mate but the Network itself, Ethereum can't handle much transaction for now it was affecting all of Ethereum-Based dApps and Uniswap is one of them, Uni is offering us new concept especially DeFi and i think it's was revolutionary. Yes making an transaction on Uniswap it's worthless if you trade small amount like me so let's wait till Ethereum 2.0 Implemented and use some alternative like Pancakeswap (BSC), Matic (Quickswap), Tron (Justswap) Or 1inch (Ethereum, Lower fees).

[deathcode]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

What makes you so frustrated with the current conditions? is it only because of the high gas costs at uniswap? If that's what you feel then there's no need to be frustrated because everyone else feels it right now.

and that issue has also been discussed by ethereum developers will be resolved soon.
no need to panic, for the moment we can move to the cheaper BSC network for day trading. and it will not interfere with our long-term investment in assets in ERC20. unless we want to sell it at this time. and of course the considerations we already know all the risks.

[Ziskinberg]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

What makes you so frustrated with the current conditions? is it only because of the high gas costs at uniswap? If that's what you feel then there's no need to be frustrated because everyone else feels it right now.

and that issue has also been discussed by ethereum developers will be resolved soon.
no need to panic, for the moment we can move to the cheaper BSC network for day trading. and it will not interfere with our long-term investment in assets in ERC20. unless we want to sell it at this time. and of course the considerations we already know all the risks.

And besides, it is up to us if we have to trade or not, or we wait for the moment that the fees will drop off. We all suffering such huge fees and that is acceptable as this is not the first we experience this one because it usually appears during the bullish and that is where we are now. I hope OP could understand the situation, feels not to bother, and think about the fees much as it is stressful. And it only makes you sick, better to keep your coins if you can't afford to pay the fees, that is the only solution that I see.

[grabpopcorn536]

BSC is a new fever, new projects gradually move from ETH to BSC. I also noticed on CAKESWAP that there are new casinos, an easier value-oriented cryptocurrency similar to what UNISWAP did before.
Whether new projects choose BSC or move from ETH to BSC is inevitable as transaction costs will take away all the traders' profits. It seems that ETH is only for the wealthy. For me, trading on BSC is more comfortable and quicker although it is like a fake ETH from wallet address, explorer interface ...

[ZAINmalik75]

Afcours you are right  transaction fee are extremely high on Uniswap as compare to bsc chain Dex exchanges .really I am so afraid of this too extremely high transaction fees. I stopped all my transaction due to high fee and now waiting for low transaction fees if it goes down it will be a great chance for me to done all my transaction .

[rahmathidayat93]

Afcours you are right  transaction fee are extremely high on Uniswap as compare to bsc chain Dex exchanges .really I am so afraid of this too extremely high transaction fees. I stopped all my transaction due to high fee and now waiting for low transaction fees if it goes down it will be a great chance for me to done all my transaction .

Apart from waiting for the low fees at Uniswap, there is really no way everyone who wants to make transactions there, but waiting too long is also very annoying and the price of the tokens we already have won't necessarily last as long as it is today.

[mdzahed134]

I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.

In fact, no one wants to be use this exchange due to lots of fee  also my experienced was so much terrible. A lot of new projects listed no more than one exchange so one kind of trap to use this exchange but undoubtedly it’s quite popular decentralized exchange right now.   

[noormcs5]

It's all to blame for the fall of bitcoin from 63,000 to 50,000 this morning, people in a panic began to sell their cryptocurrency, which provoked a high commission for gas.

Is it worth the blame for Bitcoin in these conditions when Bitcoin has provided many benefits for everyone in the crypto space? if indeed a lot of people panic selling their cryptocurrency, then the ones to blame are those who always panic and sell their cryptocurrency right now, not Bitcoin.

In these situation of panic, people sell both bitcoin and altcoins because of the fear. Bitcoin may drop 10 percent but the rate of altcoin dump is much higher than bitcoin. Almost all the altcoins were in 20-25 percent in dip, when bitcoin dumped to 51,000$ a day before.

[bitterguy28]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Its not only in Uniswap but in every transaction factor.

In gambling site too much fees , In trading platform too much fees.

Even transferring from friends to another friends High fees.

Maybe this is time to leave Using Ethereum and try to divert in other altcoins.

[repear7]

I don't know ETH v2 can reduce transaction fees. But, I hope too. Transaction fees in ERC-20 tokens and uniswap is too high. Sometimes uniswap swapping cost: $150-$200 for a single swap.

[makishart]

well that's what I see, because erc fees are very high compared to bsc, people will switch to using bsc in the near future and it will increase if eth doesn't do anything, the only way possible is to run eth v2.0 as fast as possible.

They already moved since a few months ago and you can see that on the BSC if the total creation for the new addresses were increasing so high.
Why didn't you aware about that while this happened since the first quarter of this year?

Ethereum is decentralized and that needs the time to execute the solution that already proposed on ethereum github. That can't be done instantly because this is a decentralized protocol.
You will see that next year. 

[fahmimajannat]

Eth fees have decreased but the uniswap fee is much higher i dont no why uniswap is charging more.
Maybe they have no idea how much fee we have to give. Its ridiculous. Most if the people can't even sell or buy tokens because of their small investment.

[Roidz]

Eth fees have decreased but the uniswap fee is much higher i dont no why uniswap is charging more.
Maybe they have no idea how much fee we have to give. Its ridiculous. Most if the people can't even sell or buy tokens because of their small investment.

Until now, I still keep some tokens that are only listed on Uniswap, and as you said, the transaction fee which is quite expensive is my reason for not selling the token and it is better to wait if the token will be listed in other markets that do have fees. exchange is standard, currently to exchange at Uniswap it takes a minimum of $ 83 and that is a high fee for us as bounty hunters.

[no-ice-please]

Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't  reduce fees and the network will likely to surfer patronage.

It is not about playing with our feelings, it is about rolling out a solution at scale without jeopardizing the security and integrity of the network. That's hard to do, much harder than when you start from zero like BSC.

It means the Ethereum team has not found the solution of high gas fee problem now.
The high fees on Ethereum network can be caused by few things, high volume transactions and high eth price.
As we know that the ETH price is very high at the moment and if we compare with BSC, it is clearly cheaper in BSC because the transaction volume still not as much as Ethereum network, and the BNB price is also cheaper than ETH price.

Finding a solution and implementing a solution are two very different issues! Even if you found a solution, as I mentioned before, you need to find that right strategy and you need the backing of the users in order to be able to securely roll it out. Now look at how large the network has become. You need to include all relevant players in order to not risk to screw it up. That's a classic coordination problem.