Erc20 tokens send fee

[Betaj00]

We are in a very bad situation, i don’t know that when this problem will solved. One week ago i sent a token from Myetherwallet to Exchange and i paid $20 for transaction cost, my total tokens value was $80 and i provide 25 percent as a fees.    

[Ros-In]

now I feel very heavy if I have to sell tokens or transfer tokens from erc20, because the transfer fee is quite expensive, we have to wait for the right time for it, and have to look at the gas fee every time. isn't that so boring?
if the token price is below 50 dollars, maybe it's just a waste of time

[Cornia]

You want to know about erc20 tokens low fee. I also want to know. I have a lot of old tokens in my wallet for a long time and I am not able to withdraw due to the high gas fee. If you know of course let me know I would be very benefited too.

There is no way to send ERC-20 tokens with low fees. Only you can tracking the gas fee and when the gas fee is low you can do the transaction. Or you can wait for the reduction of gas fee of eth network.

[Similificator]

The only solution for this is to be prepared always so you won't have to transfer a lot which amounts to lesser fees that are needed to be paid. Another would be opting for a small fee with the drawback of having to wait a little longer than usual or  unlike others since low fees do not get priority unlike those who are paying more. That's why I hate using eth unless necessary since the fees are too expensive compared to several coins that has the same functionalities.

[devil2man]

Unfortunately at the moment for the high fees of transactions on the eth blockchain there is little to do you could try to follow https://ethgasstation.info often because the value of the fees changes very often, the eip-1559 protocol unfortunately has not solved anything just hope the situation will be better with the arrival of eth 2.0, in the meantime it is better to use other cheaper blockchains such as bsc, tron, matic or if you have to move erc20 tokens only move large amounts at a time

[PhucS]

We are in a very bad situation, i don’t know that when this problem will solved. One week ago i sent a token from Myetherwallet to Exchange and i paid $20 for transaction cost, my total tokens value was $80 and i provide 25 percent as a fees.    

Me too. It is difficult at this time, the transaction fee of ERC-20 tokens is too high, even higher than the number of tokens that we want to trade. I'm stuck with a few tokens in my MEW wallet because this reason, they will most likely stay there forever. I'm hoping the ETH 2.0 upgrade will be released soon and it will overcome this difficulty

[kenelmark]

Already saw many new cryptos choose Sol and BSC as their main stay to roll out their projects instead of ETH because of the higher fees. This is unacceptable and ETH losing many valuable projects to enrich its token chain even more. Might as well lose the NFT trend to Sol and BSC.

You have misunderstood this because many projects in the past that used the ETH blockchain didn't eliminate it, but they all tried to add some other Blockchain to their tokens with a better purpose and easy for anyone to use, so ETH is still going strong until now. right now and can still rank very well, because right now there are too many projects that are less worthy to be born, but still exist and they are trying to use the BSC and Sol blockchains.

[bitcon]

Ethereum is the most expensive Blockchain, but there are many alternative Blockchains and layers two that were created to unload Ethereum's network. So you can use such side-chains as Polygon, or layer 2 Near. Both of them use ERC 20 standard of tokens, but you need to use bridges to transfer coins from one to another.

What is more, they are faster then Ethereum 2.0. So it is a good solution. 

[Ngewex Yuk]

I have a lot of tokens in ERC20, expensive transaction fees make it impossible for me to send tokens to the market, this is a serious problem for blockchain, if you want to survive and be able to compete with BSC or Polygon then transaction fees must be competitive.

[kenelmark]

I have a lot of tokens in ERC20, expensive transaction fees make it impossible for me to send tokens to the market, this is a serious problem for blockchain, if you want to survive and be able to compete with BSC or Polygon then transaction fees must be competitive.

And is at this point Ethereum has started to lag behind BSC and Polygon ? because what I see on the contrary is that BSC and Polygon are starting to find it difficult to compete with ERC20 which has been strong in the past where BNB and Matic were also basically built using the Ethereum Blockchain before they launched their respective smart contracts.

[aioc]

now I feel very heavy if I have to sell tokens or transfer tokens from erc20, because the transfer fee is quite expensive, we have to wait for the right time for it, and have to look at the gas fee every time. isn't that so boring?
if the token price is below 50 dollars, maybe it's just a waste of time

That's what I'm doing right now I have $25 worth of Ludena in my wallet and only $2 in my wallet, no hope to transfer I need $5 to transfer to the exchange I don't want to add Eth to my wallet, I keep looking gon the gas tracker it's been a week, I'm just waiting now for the price of Ludena to go to $35 so it's worth the cost of adding Eth to my wallet and transferring to exchange.

[Kadal Ijo]

I hope that the transaction fees for sending tokens from ETH can be cheaper, if the fees for sending tokens are getting more expensive then it is certain that the devs. will switch to another chain such as BSC or Polygon and this has been proven by many who switch to BSC and Polygon.

[mulia sabee]

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 alternative way to send erc20 token. The gas fee is high due to huge amount of transaction. It will be resolved in ETH 2.0 update. Till then, you have to face this issue. Check via https://ethgasstation.info/ and use the lowest one to minimize your transaction cost.

[kenelmark]

There is no alternative way to send erc20 token. The gas fee is high due to huge amount of transaction. It will be resolved in ETH 2.0 update. Till then, you have to face this issue. Check via https://ethgasstation.info/ and use the lowest one to minimize your transaction cost.

Now ERC20 wallet users have to sacrifice $20 for the cost of sending any tokens that are in the ERC20 wallet, and of course this will not be suitable for those who make transactions on tokens whose value is only $50, because they will obviously lose out on such a large Gas fee in the current ERC20 network.

[Gayong88]

The issue of ETH gas is a classic story that has always been the subject of discussion. Now many are switching to BSC. Because BSC gas fees are very cheap, unlike Ethereum, one transaction requires a gas fee of $30, if Binance Smart Chain is only $0.3 so Ethereum gas fees are 100x BSC, if I am not mistaken.

For transactions to fellow ETH networks, in my view, there is no solution, just wait for the moment when it goes down, then you just do it. My suggestion is to get around the above, there are several things you can do, convert/change your token to another Tron link network such as TRX coins or BSC network such as BNB, then do the transfer using that network.

[Warkop]

I don't think there will be a very cost-effective way to gas ERC20 other than you switch to BSC, because I have experienced it to ship using ERC20 the cost is very high and I thought to find another way to save cost with ERC20, but all in vain because I couldn't find any other way to send it and I had to do it at a high cost, so after that I decided to leave ERC20 and switch to BSC for now.

[Kodok Bencot]

The big problem of ERC is the high transaction fees, even to send tokens it takes more than $8 for normal speed, this is why many projects switch to other platforms like BSC, Matic and Solana.

[otundebis]

Gas fee is high on ethereum network due to many projects making use of ethereum network.  What you need to do before making transfer or swapping on dexes is to first check the geek,  If the gwei for gas is high,  your gas fee in ethereum will be expensive.  If gwei is low,  then your gas fee in ether will be cheap.  Gas tend to be cheap on weekends and at 3. Am utc!

[Rahman11]

6 Ways to Save on Ethereum Gas Fees
Optimize your transaction timing. ...
Use Ethereum scaling solutions. ...
Use gas tokens. ...
Use Dapps that minimize gas. ...
Strategize transactions through DeFi Saver. ...
Use applications that offer gas rebates.

[triat]

Gas fee is high on ethereum network due to many projects making use of ethereum network.  What you need to do before making transfer or swapping on dexes is to first check the geek,  If the gwei for gas is high,  your gas fee in ethereum will be expensive.  If gwei is low,  then your gas fee in ether will be cheap.  Gas tend to be cheap on weekends and at 3. Am utc!

Eth gas prices have not been negligible in the past few months. This is a fact, unfortunately, because of which many people need to switch to other networks.