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Author Topic: Erc20 tokens send fee  (Read 1795 times)
2tang
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April 21, 2021, 07:55:29 PM
 #41

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
That should have been waited for because at this time if the estimated value of the token at ERC20 is still low, then obviously it will not be able to be sold, even if it can be sold, the owner must sacrifice a fee that is greater than the estimated value in the token.

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April 21, 2021, 07:59:55 PM
 #42

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 for all Erc20 token is a huge problem which will probably continue to be (until ETH 2. 0).  One can visibly see the required transaction fee on uniswap, bancorswap even CEX withdrawal is a no go area.  ATM,  only the rich and big investors can trade on DEX

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April 21, 2021, 08:57:32 PM
 #43

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.
I having bit an idea based up on using Metamask about jumping Smart chain main net and Etherium main net.I dont know if it could work since i havent tested out.

https://www.youtube.com/watch?v=NiWDS-ygO5k
https://www.youtube.com/watch?v=HVH6wpaHcDI

Dont know if possible on sending out other erc20 tokens though.

perfect999
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April 21, 2021, 09:15:18 PM
 #44

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 there was a way to do it for free or for cheaper than other methods, people would have done it long time ago, it would have been public knowledge. Unfortunately you have to pay that high gas fee otherwise you will not be able to send it. I know it sucks and I know it should be lower, it is way too damn high right now, but that is still not a good enough reason to convince some other people to pay cheaper.
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April 22, 2021, 04:33:45 PM
 #45

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 there was a way to do it for free or for cheaper than other methods, people would have done it long time ago, it would have been public knowledge. Unfortunately you have to pay that high gas fee otherwise you will not be able to send it. I know it sucks and I know it should be lower, it is way too damn high right now, but that is still not a good enough reason to convince some other people to pay cheaper.
Yeah, only reason why it is so high is the fact that some people are fine with it, people keep paying high gas fee and that is the only reason why it still is high, if people decided not to pay that much, wait, then miners would accept lower and lower, and eventually it will be very low. However since there are too many, the one that pays the most gets it.

Now with eip 1559 it will get lower this July, it will only charge what is required for the network to continue.
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April 22, 2021, 05:02:18 PM
 #46

The Gas fee for all Erc20 token is a huge problem which will probably continue to be (until ETH 2. 0).  One can visibly see the required transaction fee on uniswap, bancorswap even CEX withdrawal is a no go area.  ATM,  only the rich and big investors can trade on DEX
Even though this is a big problem for small traders at this time, but they don't have to give up on it because there are still other solutions they can take even though those related to ERC20 cannot be tricked, except waiting for Gas costs to go down.
celot
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April 22, 2021, 05:15:49 PM
 #47

Very funny using erc20 coin because I have balance 10$ eth still failed to sent coin because higher transaction fee, how come 10$ is not enough for sending coin erc20, using BSC just take 0.2$ our transaction success and arrived faster than erc20. Maybe every one have move to BSC coin and make eth become alone with higher fees transaction.

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April 22, 2021, 07:53:07 PM
 #48

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.
Anyway, I do not pay too much attention to this when accepting increased transaction fees to get transaction speed and save more time.

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April 22, 2021, 08:06:19 PM
 #49

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.
If video provided don't help you enough.

Check deep about the BEP/BSC introduced by Binance you'll see that it just a project that emulated, edit Ethereum Apps and smart contract concept with cheap/fast transaction to spice it up.
Having said that, if the token support BEP20 add custom token using this add a custom token with the BSC contract address and Decimals of the token to your Metamask wallet and send the token through BEP20.

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April 22, 2021, 09:37:36 PM
 #50

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.
Basically there is no other way, So far i know Gas used will be always same but the Gas price will be different, Just send the token on UTC Midnight and the price will be much lower beside that use an alternative network and Matic Network is one of them, Basically it's an bridge if you are looking to send tons of transaction, Send it to matic then distribute it and you also can use DEX To do swap like QuickSwap.
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April 22, 2021, 09:39:15 PM
 #51

The Gas fee for all Erc20 token is a huge problem which will probably continue to be (until ETH 2. 0).  One can visibly see the required transaction fee on uniswap, bancorswap even CEX withdrawal is a no go area.  ATM,  only the rich and big investors can trade on DEX
Even though this is a big problem for small traders at this time, but they don't have to give up on it because there are still other solutions they can take even though those related to ERC20 cannot be tricked, except waiting for Gas costs to go down.
At the moment, i can say we still don't have a practicable solution to the huge gas fee which means low income traders have to avoid trading (ERC20) on DEX and also withdrawing (ERC20) from CEX

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April 23, 2021, 05:19:59 AM
 #52



Right now, we should be proclaiming that Ethereum is a big failure on the basis of the incredibly high transaction fees involved. Seems to me that the people behind Ethereum failed to foresee this problem even if they are already there for years. In the past, people were then complaining of high BTC sending cost especially those bull run months but in my estimate there is nothing that can compare with the things happening with Ethereum right now. Sending tokens worth less than $100 is a big waste of time. And this is so detrimental to small holders like me since I could not liquidate any asset with small equivalent value. This is not what cryptocurrency should be. And I am sure that it can be taking for Ethereum devs to solve this problem. They are making the miners so rich at the expense of the people  they are serving in the first place.

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April 23, 2021, 06:59:29 AM
 #53

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.
Use a bridge and trade on another EVM compatible chain. 0xMR for example exists on and can be traded on seven different blockchains.
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April 23, 2021, 09:59:26 AM
 #54

If you are sending out a token that equally exist on BEP20. you can attempt to use safepal swap service for bridge from ERC20 to BEP20, just import your wallet to safepal wallet, and try the swap service, check the swap fee and compare it with the sending fee, this bridge option is better.

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April 23, 2021, 10:07:40 AM
 #55

there is no way to send erc20 tokens in a low way because it is currently overcrowded so it costs a fortune, one of the best ways is to light up and wait until the fees are normal

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April 23, 2021, 10:30:06 AM
 #56

the value of the fees for erc20 token transactions varies during the day you should follow on ethgasstation and obviously not send if the fees are higher than the value of the token to be moved, maybe you can save a little bit using the loopring l2 protocol
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April 23, 2021, 01:51:50 PM
 #57

At the moment the cost of sending ERC20 on the Ethereum network is soaring because there are too many transactions going on with the development of DEFI on the network and the price of ETH has increased 10 times since last April.
You can send ERC20 more savings when gas prices are low by checking the GAS price before sending it regularly. Another way is to remove the decimals and send only the values as whole numbers to reduce the fee.
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April 23, 2021, 02:46:56 PM
 #58

Very funny using erc20 coin because I have balance 10$ eth still failed to sent coin because higher transaction fee, how come 10$ is not enough for sending coin erc20, using BSC just take 0.2$ our transaction success and arrived faster than erc20. Maybe every one have move to BSC coin and make eth become alone with higher fees transaction.
Yeah, ETH need to fix that or less a lot of users are going to use BSC platform rather than ETH platform due to high transaction fee. I'm not happy about that and I just want to sell my tokens in ERC20 since the problem is not fix yet. Most of my tokens back in 2018 cannot withdraw since when I have short money to buy ETH to use it as a gas since it pay a lot. I'm not be able to use it to buy other coins since the price of it rapidly decrease now and other of them as dead now. I also want to know if there's any way to less the gas fee until Ethereum fix it.

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_IRMAN
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April 23, 2021, 02:56:15 PM
 #59

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 customize the lowest possible fee, but you need to know that the greater the fee you use, the faster your transaction will be processed, as well as if you use a low fee your transaction will not be processed. If you want fast transactions and low fees, wait for ETH 2.0 to run.
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April 23, 2021, 03:18:11 PM
 #60

Very funny using erc20 coin because I have balance 10$ eth still failed to sent coin because higher transaction fee, how come 10$ is not enough for sending coin erc20, using BSC just take 0.2$ our transaction success and arrived faster than erc20. Maybe every one have move to BSC coin and make eth become alone with higher fees transaction.
Yeah, ETH need to fix that or less a lot of users are going to use BSC platform rather than ETH platform due to high transaction fee. I'm not happy about that and I just want to sell my tokens in ERC20 since the problem is not fix yet. Most of my tokens back in 2018 cannot withdraw since when I have short money to buy ETH to use it as a gas since it pay a lot. I'm not be able to use it to buy other coins since the price of it rapidly decrease now and other of them as dead now. I also want to know if there's any way to less the gas fee until Ethereum fix it.
your only going to waste time waiting for nothing because the more you wait for the fees to drop the more your coins die but you can start a new journey .
buy coins that are not under erc20 and you will have no problem with the fees .
 this is the fast solution that most of us are doing now .
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