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Author Topic: Erc20 tokens send fee  (Read 1795 times)
meldrio1
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April 21, 2021, 02:15:49 PM
 #21

I never doing transaction in ERC20 tokens since the gas fee was increasing. I have few tokens in my wallet that worth $10 each but the fee will eat it if I send it to the exchange so it's not worthy. I don't think if you can send an ERC20 tokens with a low gas fee, it will stuck for sure.. Most of the projects were migrating BSC, try to visit their telegram channel and ask if they have a plan to migrate BSC but if not then there is nothing we can do just pay the fee.

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April 21, 2021, 02:54:03 PM
 #22

I use myetherwallet for sending ERC-20 tokens. Transaction fees of ERC-20 tokens is high it this time. But, I think myetherwallet cost something low fee from other wallet. Because, It allow to customise gas before sending tokens.
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April 21, 2021, 02:57:12 PM
 #23

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.

Recently, Berlin hardfork is done where some upgrades are done which will help London hardfork to change the current transection system and add burning mechanism into ethereum. So, lets just wait for the london hardfork which will be done in July as expected and don't need to wait for so long as ETH2.0 will take more time to be implemented.

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April 21, 2021, 03:10:35 PM
 #24

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.
If you transfer YUSDT tokens, then it is better to make the payment on the TRON blockchain.
To do this, go to the site
https://www.binance.org/ru/bridge
We transfer your USDT tokens to the TRON blockchain and pay with a commission of 1 TRON per payment.
Take care in advance that you have TRON coins on your wallet before transferring tokens to it, otherwise the wallet will not be able to receive the transfer.
I am actively using this bridge now.
For the transfer of the remaining tokens, you will have to pay according to the cost of gas, if there is no such method.

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April 21, 2021, 03:50:32 PM
 #25

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.
Yes, it is clear that the ETH 2.0 update will take more time and will be done by ETH to solve the problem of very high costs on their network, so let's just wait for their performance for this and hopefully it can give better results as expected everyone.

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April 21, 2021, 04:09:34 PM
 #26

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 are actually only two ways to send erc20 with lower feel but it come with some conditions.
1) You will have to send the size of the Ethereum mempool, send your transaction when there's little or no network congestion.
2) If the token is one of the tokens that supports BEP/BSC you can use the Binance chain to make cheap transactions.

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April 21, 2021, 04:21:59 PM
 #27

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.
Yes, it is clear that the ETH 2.0 update will take more time and will be done by ETH to solve the problem of very high costs on their network, so let's just wait for their performance for this and hopefully it can give better results as expected everyone.
We all suffer from the problem of high price of Ethereum network fees, because we want to send a lot of transactions in a short time, so far we have not found a solution, maybe after the update of Ethereum 2.0 we find low prices for fees.

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April 21, 2021, 04:44:47 PM
 #28

Only Ethereum 2.0 can be the only hope of the ETH community to be able to reduce the currently very high transaction fees. Or if you wish, you can use the BSC network for a while to wait for Eth 2.0 to actually launch.

Or for the nearest Ethereum project is the Berlin network, which "someone said" this network can reduce Bitcoin transaction fees
Source : https://decrypt.co/66569/berlin-hard-fork-live-promises-reduce-sky-high-ethereum-fees

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April 21, 2021, 04:45:18 PM
 #29

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 guaranteed way to sending erc20 tokens with fee. If you try this, your assets can be delayed sending or not sending at all. However, some wallets have lower fees than others say Token Pocket and Imtoken. Their fees are cheaper than Trust wallet. Also, you can wait until nights to send out tokens. Fees sometimes are cheaper at nights

The time zone of each region is different, the night time in his country will probably be different. I usually check on: https://etherscan.io/gastracker, I will send when I see an acceptable fee.
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April 21, 2021, 05:00:27 PM
 #30

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 think there's no other way Mate but to wait, Because until the Ethereum gas problem is not fixed All of the Ethereum Network users are need to endure this problem that's why I consider using the BSC Network temporarily to eased this problem on Ethereum Network and so far it's working because BSC has much cheaper fees compared to Ethereum network. By the way, sometimes I notice that Ethereum fees were reduced in a particular period of the day base on my experience it was from 2:00 pm to 5:00 pm GMT+8 but I'm not so sure if it always worked like that.
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April 21, 2021, 05:10:58 PM
 #31

Please wait until GAS drops to deposit your tokens as that is the most efficient way. Another way to reduce the cost of sending ERC20 deposits is to reduce the decimals if they are not really valuable. This will lower your sending costs than you would try to send them all.
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April 21, 2021, 05:11:10 PM
 #32

Ethereum-based coins currently require a much larger amount of gas to be transferred from one wallet to another.  I had a hard time transferring a token today because I needed $ 37 of gas but the token cost below 30 Dollars.
Overall you will lose if you make a transfer to the token because now Gas costs are indeed expensive so it would not be suitable if someone made a transaction on the Ethereum network if the selling value was only $ 30.
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April 21, 2021, 05:23:00 PM
Last edit: April 21, 2021, 05:36:18 PM by Ararbermas
 #33

nothing and you can only set the gwei and gas lower the result maybe your transactions can be pending for hours or days, because there is so much traffic at erc20 so it's natural, or you can check it at certain hours where the fee can be lower for some time.
.. Correct.. But unfortunately i have tried lowering the fee but it didn't work mate wherein seems like still very high fee is required,
 Just imagine i was trying to send a small amount on trust wallet and the max fee is this
 When i saw this I'm not interested anymore to make a transaction in eth.. Maybe i will try to keep my remaining balance on my erc20 wallet forever . Rather than paying such amounth for fees. Lol
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April 21, 2021, 06:17:29 PM
 #34

This is really very  pathetic . I lost many of $ at my last transaction. It's huge. I really shocked  the gas price is going high and high. Erc-20 is now going very bad for transact. The only way to recovery this is track the gas price and when it come low you can transaction your desire one.

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April 21, 2021, 06:33:21 PM
 #35

This is really very  pathetic . I lost many of $ at my last transaction. It's huge. I really shocked  the gas price is going high and high. Erc-20 is now going very bad for transact. The only way to recovery this is track the gas price and when it come low you can transaction your desire one.
Yes, it is sad if we remember Gas costs on the ERC20 platform now and the solution is to monitor Gas costs first when you want to make a transaction, but on the one hand, the value of the token that we want to transact will not necessarily last long at a good price, this is the consequence if We have waited too long for low gas costs.
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April 21, 2021, 06:59:43 PM
 #36

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 gas fee needed to transfer ERC-20 tokens are really high, it's been that way since last Ethereum started rising last year, I'm not sure there's anyway you can transfer ERC-20 tokens without having to pay those high gas fees, although there was this one time i read somewhere that ERC-20 tokens can be transferred on matic network, the only bad side is that you still need to pay $50 gas fee to transfer the tokens from matic network back to Ethereum blockchain.

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April 21, 2021, 07:13:33 PM
 #37

If you have some low value tokens in your wallet I think the most reasonable think to do is to wait for ETH 2.0. At this point is does not worth the transaction fee and there is no other way around
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April 21, 2021, 07:22:22 PM
 #38

Sorry friends, I also have the same problem as you are currently experiencing. Moreover, I have to make a swap exchange transaction. and the fee for making transactions on the swap platform is $ 200 more. This is a very confusing thing of course

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April 21, 2021, 07:23:53 PM
 #39

I don't think it is possible to have transactions with lower fees. Even if it will start processing it may not get added to blocks due to always getting high priority other transactions due to higher fees than your transaction. So your transaction may be stuck for many hours or even for days or may get canceled.
Hope soon we will see some updates on the platform which will lower down the transaction fees.

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April 21, 2021, 07:48:04 PM
 #40

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.

2) If the token is one of the tokens that supports BEP/BSC you can use the Binance chain to make cheap transactions.

Can erc20 tokens support BEP/BSC? How do I know if etc20 tokens I am holding supports bep/bsc?
Can you please elaborate more on this option as this seems to be the only genuine solution put forward by anyone.
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