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Author Topic: Erc20 tokens send fee  (Read 1795 times)
KryptoKings (OP)
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April 20, 2021, 11:02:13 PM
 #1

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.
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April 20, 2021, 11:09:25 PM
 #2

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.


I even loss a huge amount of fees since the last transactions I did, but what I determined was the congested confirmation of erc20 network. This isn't good for us who paid much of that crazy gas fee and yet we're not getting good outcome. Most of us are hoping any changes that might come in the future for erc20 fees, because if this continues to exist I don't think erc20 projects will keep growing.
If you wanted to sacrifice, the only way to deal with less fees is to set at lower gas fee but it takes longer time than usual.
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April 20, 2021, 11:55:28 PM
 #3

There is only one way to reduce the transaction fee of ERC20 tokens and that is to set low gas fee during the transaction. But it will take more time for the transaction, even 24 hours or more. Sometimes transactions may fail. You can also check the gas fee from the link below.
https://etherscan.io/gastracker.

You can transact your ERC20 tokens when the gas fee is low.
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April 21, 2021, 01:24:16 AM
 #4

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.

I dont transact much on Etehreum last years but for Bitcoin I know that fees gets higher toward end of week and lowers during weekend. So your best chance to pay lowest transaction fee is to make a transaction on Sunday.
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April 21, 2021, 02:21:48 AM
 #5

Ethereum-based coins are becoming more difficult to transfer due to excess gas.  There are some exchanges where it takes more gas than the value of ERC20 coins to transfer.  So people's confidence in the Etherium platform is declining day by day.

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April 21, 2021, 03:03:18 AM
 #6

ERC20 network is very expensive, I lost twice my ETH because of the fees and low gas fees as per network, so I have no choice but to try again and guess what $20 fee for just a small amount of money, I made $12 & $14 failed transactions because of lower gas. I suggest to look for a great platform that ask for a low fees just like the exchanges, Binance only cost me around $10, way cheaper compare to MEW wallet.
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April 21, 2021, 04:01:50 AM
 #7

Just wait it out, some people said the gas price go down when it's midnight time in the US or when it's not business hour. But, you can try to observe the average gas price within recent blocks and adjust with that. Though it's still gonna requires you pay quite expensive fee but atleast it's not that high. There's not so much we can do regarding the fee required for sending erc20 token, not to mention erc20 requires more quantity of gas than sending eth itself which is pretty silly at time of high gas price like this.

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April 21, 2021, 04:02:52 AM
 #8

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.

ETH/ERC20 - Check and select good Gas price
Visit and follow the GasNow website to check the recommended gas price and choose yours. GAS NOW - New Price Gas Forecast Service.

If you choose low gas price, you must read that topic [GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto). It has tutorial to cancel or replace your transactions, just in case.

When is the best time to send Ethereum transactions?Ethereum: how to save even more on gas price with a weekly plan

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April 21, 2021, 04:44:31 AM
 #9

There is no way to escape the reality, especially in the hype season. Ethereum increases its price almost weekly and many projects choose this platform to operate. As the result, the fees are super high. I try to reduce the transaction fee by decrease the gas price but it no use. 10 gas lower will immediately make your transaction fail. If we want to have a lower fee, waiting is the only option but Im scared that it may take many months for the fees to become normal, or at least when ethereum 2.0 release





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April 21, 2021, 04:52:13 AM
 #10

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.

there is no such way. if you want to reduce costs, the only way is to reduce the Gwei. but that will only make the confirmation time longer and may delay the transaction.

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April 21, 2021, 04:53:22 AM
 #11

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 only thing I can tell you is to be patient or pay money for fast transactions. The issue of transaction speed, as well as the cost of these, has been discussed a lot, and they are trying to solve it as well.

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April 21, 2021, 05:00:56 AM
 #12

ERC20 network is very expensive, I lost twice my ETH because of the fees and low gas fees as per network, so I have no choice but to try again and guess what $20 fee for just a small amount of money, I made $12 & $14 failed transactions because of lower gas. I suggest to look for a great platform that ask for a low fees just like the exchanges, Binance only cost me around $10, way cheaper compare to MEW wallet.
I think this gas fee is just crazy and it is affecting some important transactions. I was suppose to move just a 100USDT from a Metamask wallet yesterday and here is the fee I was to pay



Truth is I dont even have eth balance in the wallet so I have to send some eth there first and that too might cost just as much and might eventually spend more than $50 to move my 100USDT.

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.

ETH/ERC20 - Check and select good Gas price
Visit and follow the GasNow website to check the recommended gas price and choose yours. GAS NOW - New Price Gas Forecast Service.

If you choose low gas price, you must read that topic [GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto). It has tutorial to cancel or replace your transactions, just in case.

When is the best time to send Ethereum transactions?Ethereum: how to save even more on gas price with a weekly plan

Going through the links from this post I believe it is wise to know when the gas fees are lowest so that you can still do some transactions and not spend much.
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April 21, 2021, 08:09:06 AM
 #13

We're all hoping transaction fee's will go down very soon. Right now the best thing you can do is follow the gas prices and try to do transactions on the weekend. These high gas fees suck for everyone on the Ethereum blockchain right now, but soon we should see them go down.
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April 21, 2021, 08:40:47 AM
 #14

Sad to see that there is no solution. As I said I have to send erc20 tokens and when I check the gas fee, it costs me more than the token price lol.
Is there any wallet that allow internal transfer with less fee?
Like some exchanges allow internal tranfer with zero fee similar to them is there any wallet that allow zero cost internal transfer?
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April 21, 2021, 09:16:53 AM
 #15

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.

No, there's no way that you can transact erc20 token with less fee now, it has been the issue for so long now that everyone is complaining, and that's why projects are moving away from erc20 now and shifting to BSC network because the fees are cheap.

I understand your frustrations, I have tokens that I wanted to see but I can't because of the huge fees that at the end, I will lost my profits.

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April 21, 2021, 09:17:02 AM
 #16

Sad to see that there is no solution. As I said I have to send erc20 tokens and when I check the gas fee, it costs me more than the token price lol.
Is there any wallet that allow internal transfer with less fee?
Like some exchanges allow internal tranfer with zero fee similar to them is there any wallet that allow zero cost internal transfer?

There's no wallet that allow internal transfer with less fee, the wallet just providing way for you to store and send your coins but this wallet has nothing to do to give discount on the transaction fees.
The exchange site allows you to create zero tx fees for the internal wallet caused by your crypto already on hot wallet.
That means you are getting UI for your balance. The exchange site didn't need to send it again. It needs only to move your balance to the another account maybe.
No solution for this. Only wait until fees will decrease

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elda34b
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April 21, 2021, 12:27:51 PM
 #17

Wait until the next rollups and EIPs updates. That should improve the scalability of the Ethereum network. Until then, seeing 80 gwei is probably a miracle.
chakhigh
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April 21, 2021, 12:43:20 PM
 #18

I can't see a wallet using Erc20 transactions with low fees. But, I could be wrong!
More projects move to BSC/Binance Smart Chain network as a better and cheaper way to save money when sending crypto transactions. Ethereum should really be updated, or BNB adoption will take over with new projects, like the Mocktail Finance, coming to consolidate BSC usage.

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April 21, 2021, 12:49:56 PM
 #19

At the moment, I have not found any way to make my transaction better for the better. Maybe it will take time for the ETH 2.0 update to fix these problems, I think next time this will definitely be done by them.
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April 21, 2021, 12:53:24 PM
 #20

Depending on how much profit we get if the percentage is greater than the value of the gas cost demanded, it is not something that is too heavy in my opinion. and I think it is necessary to choose the right time if you want to make a transaction.

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