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Author Topic: Erc20 tokens send fee  (Read 1795 times)
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September 12, 2021, 02:06:28 PM
 #221

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 many ways that we can send ERC-20 tokens what I often do is with Metamask or with Walletconnect, but for the current transfer fee of about $ 20, I think this is a great value unfortunately that's all we can do, there is no way to send tokens at a low cost.
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September 12, 2021, 02:45:45 PM
 #222

Ethereum network-based tokens are very expensive and there is the only way to minimize your sending Erc20 tokens is to watch the gas tracker and when gas fees will low then you should send your token, meanwhile, you should wait for low gas fess.

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September 12, 2021, 02:49:17 PM
 #223

If the coin is in Binance and the receiver is in Binance, try sending it as USDT, then when you are about to send USDT do not choose "Ethereum network", try to send it as TRC20 USDT because gas fee in Tron is a little bit cheaper chan Ethereum.


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.

This is a good way to reduce the cost of a transaction, but if you need to make a transfer in the ERC-20 network, then it is clearly not suitable. There is only one way to reduce your costs, if you manage to guess the moment when the gas price will significantly decrease, this happens, but unfortunately, it is very rare.
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September 12, 2021, 03:35:40 PM
 #224

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September 12, 2021, 07:57:26 PM
 #225

~
There are many ways that we can send ERC-20 tokens what I often do is with Metamask or with Walletconnect, but for the current transfer fee of about $ 20, I think this is a great value unfortunately that's all we can do, there is no way to send tokens at a low cost.
When the transaction fees of BTCitcoin used to rise like this there would be a huge cry from everyone that the transaction charges are increasing and would FUD all over and now when ERC 20 tokens and ETH is struggling to contain the transaction fees everyone is adjusting to the higher fees and are willing to pay whatever is available at that time. What a contrast in thinking a few years down the line  Cheesy.

I am sick of the higher fees and i am sad to see many are coming into the NFT market and spending huge amount of fees as transaction charges even if they are not able to purchase the NFT. No idea when this situation would change as the team itself is not having any clue regarding this  Grin.
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September 18, 2021, 07:23:34 PM
 #226

Honestly, the price of ETH gas is unbearable so far. This requires a lot of gas fees to send ERC20 tokens, which is not acceptable. In particular, I have some tokens in my account that will cost more to send to the exchange, the fee will be more than these tokens total value. And as far as I know, there is no opportunity to send ERC20 tokens at a very low gas price at the moment.
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September 18, 2021, 08:37:21 PM
 #227

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.

Questions like this give birth to someone's mindset towards you, that you look new to this forum even though the account rank is high. There is no way to reduce gas fees for ERC20 token transactions. Because the gas cost has been set automatically. You can only change the settings from standard to economy.

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September 18, 2021, 11:44:01 PM
 #228

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 way is to have to wait until the price really drops.  because right now the cost of ERC20 is huge and unreasonable.  I'm thinking can ERC20 like other platforms like BSC, TRON or SOL can have a low cost?  whatever it is but ERC20 is still one of the best networks currently in cryptocurrencies

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September 19, 2021, 09:16:58 PM
 #229

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 way is to have to wait until the price really drops.  because right now the cost of ERC20 is huge and unreasonable.  I'm thinking can ERC20 like other platforms like BSC, TRON or SOL can have a low cost?  whatever it is but ERC20 is still one of the best networks currently in cryptocurrencies
People complain and yet they are still using it, that's the reason why ETH is still the leading altcoins in the market, but I hope with the new solution they are going to launch, will result in a significant drop in transaction fees or blockchain fees to be specific. We have another alternative, probably way lower than ETH transaction fees but they are not big enough, so eventually, its fees will also increase as their network is getting congested.

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October 18, 2021, 08:52:54 PM
 #230

Ethereum developers should find a lasting solution to this unbearable high cost of transactions, the price is too expensive for a minor transactions with $20 as transaction fee is not acceptable, 
 if the deployment of ETH2.0 will reduce the issue of high cost of let the developers quickly deploy it, so as address to this issue on high cost of transactions, though it is mostly favoured by most developers, now there are some other cheaper network like TRON and BSC

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October 18, 2021, 09:01:14 PM
 #231

It seems that there is no special trick to lower ERC20 transaction fees, all we can do is wait until the fees go down again.  Even if you reduce Gwei, it doesn't guarantee that the coins we send will work.  I have some erc20 coins in my wallet, I want to send the selling price to the exchange with an unreasonable transaction fee.

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October 18, 2021, 09:44:57 PM
 #232

The transaction fees for sending stuff for ERC20 is still insanely high, that's why most of the newer project and people right now are using another smart chain to do stuff because its fee is lower than ETH networks. Even the newer projects in this forum are using another smart chain and you can count with fingers how much ERC20 based project in this forum. Even ETH 2.0 doesn't make fees go lower like people expected.

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October 18, 2021, 10:10:32 PM
 #233

Due to this high Ethereum Gass fee, many people are not more considering those tokens they have under Ethereum blockchain, because the Gass fee alone might have almost be the entire token price they have, so no more gain. Actually if someone will recommend easy way to swap ERC tokens with less transaction fee we will really appreciate!!!

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October 18, 2021, 10:29:13 PM
 #234

Due to this high Ethereum Gass fee, many people are not more considering those tokens they have under Ethereum blockchain, because the Gass fee alone might have almost be the entire token price they have, so no more gain. Actually if someone will recommend easy way to swap ERC tokens with less transaction fee we will really appreciate!!!

Unfortunately, the amount of Ethereum transaction fee reflects the huge popularity of this coin (the more transactions, the higher the fee). If you are not in a rush to exchange your tokens right now, I suggest you wait until Ethereum 2.0 is introduced. This should happen early next year. After the introduction of ETH 2.0, the fee should decrease by a lot.

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October 18, 2021, 10:57:55 PM
 #235

I think only BSC, TRON, SOL, etc are lower transaction fee over ETH. It was long time that the transaction fee of Ethereum is the problem of investors because the gas fee is so unfriendly. More people thought that the update in London could solve the problem. But it didn't happen. The transaction fee is still expensive.
The transaction fees is hurting the investors and the projects who are using their platform and the project developers need to find alternatives especially NFT projects so that the end user is happy with the way things are. The promise of a lower fees after the upgrade is just a promise and unless we see any gradual change in the network fees, there is no point in holding the coin even as an asset.
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October 18, 2021, 11:03:19 PM
 #236

The transaction fees is hurting the investors and the projects who are using their platform and the project developers need to find alternatives especially NFT projects so that the end user is happy with the way things are. The promise of a lower fees after the upgrade is just a promise and unless we see any gradual change in the network fees, there is no point in holding the coin even as an asset.
Exactly, everyone related to the owners of ERC20 tokens in their wallets and willing to send to other wallets or exchanges will feel that it is very hard to send the transaction.
The gas fee of ETH really ensures that it will be very difficult to be a currency as a payment method because of that high fees. It will be enough to choose another platform that offers very lower fees.
I saw several days ago, I need to send an ERC20 token and I need to pay around $71,  Huh
That is why I decided to delay it.
And right now, I see that the gas fee is lowering, it only needs around $7.

R


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October 18, 2021, 11:04:59 PM
 #237

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 fees are very high nowadays and if we have a coin for 10$ it will definitely not be possible to transfer that coin for 30$. I checked gas fees are very expensive nowadays and that makes it very difficult for me to transfer money to the exchange. I hope the launch of ETH 2.0 will help reduce the current fees, otherwise we will all have a hard time using the erc-20 network.

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October 18, 2021, 11:28:58 PM
 #238

I think only BSC, TRON, SOL, etc are lower transaction fee over ETH. It was long time that the transaction fee of Ethereum is the problem of investors because the gas fee is so unfriendly. More people thought that the update in London could solve the problem. But it didn't happen. The transaction fee is still expensive.
The transaction fees is hurting the investors and the projects who are using their platform and the project developers need to find alternatives especially NFT projects so that the end user is happy with the way things are. The promise of a lower fees after the upgrade is just a promise and unless we see any gradual change in the network fees, there is no point in holding the coin even as an asset.

Of course, you can think what you want, even though you will never upgrade to ETH 2. However, Vitalik Buterin has been developing this project for many years and has not made a mistake so far. The only thing he did not anticipate was that Ethereum would become so popular in such a short time. However, he is still working on improving this situation and in my opinion there is no reason not to trust him.

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October 19, 2021, 10:50:08 AM
 #239

As far as I know, there isn't. I just hope the next update will solve all of these problems although I know several updates before didn't really affect too much the price and scalability. Right now I just keep all of my ERC20 tokens in my wallet and hope they'll consider the multichain bridging or at least choose BSC20 or Matic/Polygon as an alternative. These issues should be solved immediately if not, it could damage the Ethereum image and many people will think multiple times to use it.

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October 19, 2021, 11:01:19 AM
 #240

ETH fees are very high nowadays and if we have a coin for 10$ it will definitely not be possible to transfer that coin for 30$. I checked gas fees are very expensive nowadays and that makes it very difficult for me to transfer money to the exchange. I hope the launch of ETH 2.0 will help reduce the current fees, otherwise we will all have a hard time using the erc-20 network.
I know right? Paying $15 Fee for total $20 Transaction value it's ridiculous, It's better to safe your asset especially an ERC-20 Based until eth 2.0 Released but if you guys really need to sell the tokens or make an transaction on Ethereum network it's better to wait until UTC Midnight time since the gas price was much lower on that time, I think it's the only most efficient way so far.
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