Guys, I had to reopen this topic to talk about my bad experience today, it shocked me
I never thought that I would have to pay more than 40$ fee for a transaction.
I have over 16k ESS coin ~ over $140 in ETH (you can see in the image I posted in the post above). In order to sell this ESS, I had to withdraw ETH from Kucoin to my wallet, which costs 0.01 ETH (~$18) as a withdrawal fee. And now, I start to do the transaction, it shows 0.0052 ETH ~ $9 for the network fee (when I approve), after that, it continues to cost almost $40 if I want to swap my ESS to ETH. What the hell is going on? I was really shocked at this fee, d*mn it
Why are there 2 fees for this transaction? I really can't understand. Total cost I have to pay ~ 18 + 9 + 38 = 65
Unbelievable!!!!!!!!!!!!
I only made $ 140 selling my ESS, and spent $ 65 on expenses, so, I only get 75 $ as the final amount, lol. Transaction fees are killing my money
This cost can be small for transactions of thousands of dollars, but for those doing small transactions, never use Uniswap, don't use it, bad experience. Maybe I should head towards direct deals in the future