Erc20 tokens send fee

[nakisama]

Withdrew funds from a trading platform

Could not choose any other network or the amount of fees

From the initial sent amount 0.062 eth I was debited
0.029 in fees (around 126 usd!!!!)

Is this the future of Eth?

https://etherscan.io/tx/0x842ee1b92d6a466afe3dfd09d5ccfbeef2405d621e7908f44da4a0f4e78854bc

[Hamphser]

Transactions in the form of ethereum were very high during bitcoin's rise, Ethereum also went up with so many people changing the ethereum network to bsc so that gas costs were cheap, as long as gas is expensive I no longer make transactions using ERC20 this is an obstacle for erc20 reportedly ethereum is fixing high gas problems until this continues we don't know

Bitcoin has nothing to do with erc20 fees because neither it do go up or down it wouldnt matter.This is just a concern of network fees which could really happen not only on erc20 but also in other blockchains as well.

It did just really turn out that this influx of fees turns out to be longer than as expected because in bitcoin it might changed or rise its fees but later on it would normalize and not just like this one on where

we've been waiting for months or several weeks for us to make out some transactions on erc20 but having high fee is always a hindrance.

[DarkDays]

Transactions in the form of ethereum were very high during bitcoin's rise, Ethereum also went up with so many people changing the ethereum network to bsc so that gas costs were cheap, as long as gas is expensive I no longer make transactions using ERC20 this is an obstacle for erc20 reportedly ethereum is fixing high gas problems until this continues we don't know

Bitcoin has nothing to do with erc20 fees because neither it do go up or down it wouldnt matter.This is just a concern of network fees which could really happen not only on erc20 but also in other blockchains as well.

Agreed. The main factor affecting the network fee is determined by congestion which of course comes as a result of too many people using the network and being prepared to pay the higher fees.

This is of course not nice, since for the past few days the fees have reached hounders of dollars per 1 single transaction.

Everybody is aware that the Ethereum network fees are high and while there are layer 2 alternatives, unfortunately, it doesn't alleviate much of the problem. It really is time for ETH v2.0 but we must be patient and use alternative blockchains wherever possible.

[Wong Gendheng]

The high transaction fees made me only see a few tokens in the wallet, to send tokens worth $180 several times I tried to send and the transaction fee was always above $75, this is a serious problem for ethereum users who have to incur huge transaction fees.

[abralzain17]

In my opinion, to avoid high transaction fees on the Erc20 Platform is to wait for gas costs to come down, or there are other solutions to avoid high gas costs, namely by migrating to another chain of BSC or POLIGON.

[camat gampong]

In my opinion, to avoid high transaction fees on the Erc20 Platform is to wait for gas costs to come down, or there are other solutions to avoid high gas costs, namely by migrating to another chain of BSC or POLIGON.

Waiting for Gas ERC20 costs to decrease is a very appropriate solution, but it will not make a significant difference in the near future as long as the price of Ethereum continues to experience a good increase, and migrating to BSC and Polygon can indeed be done by developers of new projects or tokens but for the old token holder that is already in the ERC20 wallet, they can only surrender to it unless the team from the old token still cares about migrating their token to another network.

[superman184]

I don't know if this is the right place to post this but I want to know if there is some way to send erc20 tokens with low fee.
Current gas fee is very high particularly if one has to send too many transactions. Please if someone know any other way to send erc20 tokens with less fee, share with me and I will appreciate it.

Gas costs are always changing. Today the rate is more than 100 gwei per transaction, This is quite high. A few weeks ago the cost of gas dropped to just under 50 gwei. But now, it seems to have tripled. And it may always change again due to changes in the ethereum market and bustling transactions on the blockchain. And if this happens, we can't do anything about it because we can't set a lower fee because it could cause the transaction to crash or fail.

[bitcampaign]

I don't know if this is the right place to post this but I want to know if there is some way to send erc20 tokens with low fee.
Current gas fee is very high particularly if one has to send too many transactions. Please if someone know any other way to send erc20 tokens with less fee, share with me and I will appreciate it.

you can see the cost of gas here https://etherscan.io/gastracker , I don't think it ever drops below 50 gwei, usually it happens on weekends where people don't seem to make transactions on weekends, try to see again weekend hopefully you can make transactions under 40 gwei even though it also looks very expensive, there are no more cheap transaction fees on ETH except releasing ETH 2.0

[bamb]

It is incredible that ethereum is trading at it's highest but the network is becoming not easy to use despite ethereum popularity and it's infrastructure, retail investors can not afford it! I hope there will be solution very soon to ethereum basic issue like transaction fees! The gas fee is determined by the network, there no other way around it!

[2girls]

ERC20 token send fee is so high and this point many people use a BSC and the people use BSC buy BSC token not anyone use ERC because that a one reason only Ges fee is very high . We are send our coin so we cannot Receive a profit because all profit are gone in the Ges fee.

[nimogsm]

It is incredible that ethereum is trading at it's highest but the network is becoming not easy to use despite ethereum popularity and it's infrastructure, retail investors can not afford it! I hope there will be solution very soon to ethereum basic issue like transaction fees! The gas fee is determined by the network, there no other way around it!

This madness has been happening for the last six months,when commissions are simply impossible for an ordinary user.It's time to solve this problem,since it is impossible to send small amounts.I have tokens for a small amount, but I cannot exchange them since commissions kill all profits)

[coinzzzpro]

OMG!

Still keeping the goal of 10k already this year. Miners are earning a lot, small players are leaving the coin and gradually everyone is moving to Layer-2 projects where you can somehow work and not pay such commissions.

[kojektea]

I have a better solution for the very expensive erc20 costs at the moment. You must switch the erc20 network to bep20. The network is exactly like ethereum but is owned by binance. on the basis of bnb coins. It is now also widely used by the community to avoid the very expensive cost of sending erc20.

[Huppercase]

OMG!

Still keeping the goal of 10k already this year. Miners are earning a lot, small players are leaving the coin and gradually everyone is moving to Layer-2 projects where you can somehow work and not pay such commissions.

Gas fee has become crazy this this days especially since the beginning of November and I just lost in thought what would have actually be the cause of this monster fees seen lately on ethereum network, its nothing but NFTs, they have gone so wild and over hype by brands.
BSC that is supposed to be alternative is also congested.

[letyouearn]

I don't know if this is the right place to post this but I want to know if there is some way to send erc20 tokens with low fee.
Current gas fee is very high particularly if one has to send too many transactions. Please if someone know any other way to send erc20 tokens with less fee, share with me and I will appreciate it.

The situation with gas in Ethereum blockchain looks like a total disaster. Especially when we try to swap ERC20 tokens or interact with NFT smart contracts. I would suggest you to wait for "gwei dumps" using this website: https://ethereumprice.org/gas/

[otreza]

OMG!

Still keeping the goal of 10k already this year. Miners are earning a lot, small players are leaving the coin and gradually everyone is moving to Layer-2 projects where you can somehow work and not pay such commissions.

Gas fee has become crazy this this days especially since the beginning of November and I just lost in thought what would have actually be the cause of this monster fees seen lately on ethereum network, its nothing but NFTs, they have gone so wild and over hype by brands.
BSC that is supposed to be alternative is also congested.

Now the alternative is POLIGON Network, where so far low commissions. It is a pity that there are not so many projects on it. BSC is also cheap, it has a lot of things, but not as popular as ETH yet. I don't want to participate in ETH projects anymore, get tokens I can't withdraw? There's no point. BSC, Matic only!

[vermigerous]

Recently, Ethereum network has a big transaction fees in their flatforms, however the safe and good way i think is to refrain to transact within huge gas fees on erc20 network, we just have to wait like now that the gas fee would be low and less than a dollar. If you make transactions within gas fees so high, definitely you wouldn't get good income and profit since the it's high to pay every transactions.

[kenelmark]

Now the alternative is POLIGON Network, where so far low commissions. It is a pity that there are not so many projects on it. BSC is also cheap, it has a lot of things, but not as popular as ETH yet. I don't want to participate in ETH projects anymore, get tokens I can't withdraw? There's no point. BSC, Matic only!

BSC will still be popular for next year and Matic will also be adopted by many projects in the future if its development will be better and more appropriate to choose, because choosing a network for a new token is not only about low costs, but also must be included exchange or swap in other words for the sake of being able to be used by all parties.

[nimogsm]

Recently, Ethereum network has a big transaction fees in their flatforms, however the safe and good way i think is to refrain to transact within huge gas fees on erc20 network, we just have to wait like now that the gas fee would be low and less than a dollar. If you make transactions within gas fees so high, definitely you wouldn't get good income and profit since the it's high to pay every transactions.

Now those who own large sums can make exchanges, those who do not have very large funds are waiting for the gas to fall and only change it this way.Giving from $15 and above per transaction is a lot.In any case, I am sure that this issue will be resolved soon.

[Godday]

Transactions in the form of ethereum were very high during bitcoin's rise, Ethereum also went up with so many people changing the ethereum network to bsc so that gas costs were cheap, as long as gas is expensive I no longer make transactions using ERC20 this is an obstacle for erc20 reportedly ethereum is fixing high gas problems until this continues we don't know.