Erc20 tokens send fee

[imamusma]

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.

Those who need to switch to another network are small traders and also small investors, because for those who use very large capital for Ethereum, they don't think about the cost of transacting anymore because it should have happened at this time where the price of Ethereum which was already at a very decent level.

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[CDC AP]

The problem is that every token running on top of Ethereum will cost you a fortune to send. That's the issue for all the small token holders because the fee to send those tokens is higher than the value of the tokens themselves. We need a solution to that asap.

[Joshapat]

Expensive transaction fees are the reason for devs. and users to switch to other platforms, ERC20 now looks old fashioned because it is very slow, some time ago I sent ERC 20 tokens and it took up to 1 hour to get 10 confirmations and this is a tedious thing.

[Shagnasty]

If you don't want to spend too much fee then you should lower the fee if it is possible in the wallet you use and patiently wait for your transaction to get confirmed rather than spending too much fee just to transfer your erc20 tokens to another wallet or to an exchange site. I also experience same thing but I prefer waiting longer than spending that much.

[Galley]

If you don't want to spend too much fee then you should lower the fee if it is possible in the wallet you use and patiently wait for your transaction to get confirmed rather than spending too much fee just to transfer your erc20 tokens to another wallet or to an exchange site. I also experience same thing but I prefer waiting longer than spending that much.

Of course, you can wait patiently for the transaction, but you can’t wait if the fee you are offering is too low. ERC20 is now mainly used by large traders to transfer large amounts, and small investors have already switched mainly to alternative blockchains. Convenient, fast, and cheap.

[ameliana]

To make transactions on ethereum with small gas costs only with our patience because gas on ethereum will not always be high and if we pay attention there are certain times the cost of gas on ethereum is very cheap and if you understand this then you can make transactions on time especially if you want to make transactions on dex then we have to really pay attention to the right time to do the swap.

[royalfestus]

As long as Ethereum gas fees are high, I never use the erc20 network in transactions, there is one way for cheap transactions you have to change to the binance smart chain (bsc) network so that transaction costs will be lower if it is still in the form of erc20 there is no way to reduce high gas except for using the lowest fee, it can only be slightly different from the usual transaction

Not all binance token can swap to BSC chain if it is not made available by the project. Sadly most of the other blockchain provide a better transaction fee compared to Ethereum even after the hardfork last year, considering Polygon,Tron, Rootstock etc but Ethereum still provide the best platform for DEFI project and DAPP.

[Valak]

On fact, the more complex the contract, the more gas you have to pay. In some smart contracts you can see how much gas limit should be set when interacting with their contract. If you enter the amount of gas that is not as recommended, then the transaction is fail.

[lepbagong]

As long as Ethereum gas fees are high, I never use the erc20 network in transactions, there is one way for cheap transactions you have to change to the binance smart chain (bsc) network so that transaction costs will be lower if it is still in the form of erc20 there is no way to reduce high gas except for using the lowest fee, it can only be slightly different from the usual transaction

it seems that what you are saying is indeed the problem experienced by the ethereum platform, because there has never been a significant change and gas costs are still expensive. Moreover, we know that the current higher price of ethereum will certainly have an impact on the state of the gas cost itself.

many have tried to change their transactions using the binance platform because apart from the cost, it is cheap and there are no significant obstacles with every transaction made. because speed and convenience are equally good and reliable. it's only natural that all new projects compete on the binance platform as well as other platforms.

Not all binance token can swap to BSC chain if it is not made available by the project. Sadly most of the other blockchain provide a better transaction fee compared to Ethereum even after the hardfork last year, considering Polygon,Tron, Rootstock etc but Ethereum still provide the best platform for DEFI project and DAPP.

still, even though there may now be many emerging platforms and competition in using the platform in every new project formation. there are still ethereum platforms that use them because they have the conclusion that if they use the ethereum platform, the coins that are sold are usually more valuable than other platforms.

but also we cannot close our eyes that most of the new projects that develop always try to use the binance platform because the cost constraints will greatly affect the project itself. no one wants to have trouble distributing their coins.

yes, I agree, that the ethereum platform is still quite interesting and some are still using it, because it is also still connected to other systems. but all of that does not make ethereum get rid of, it will be a coin that is still an attractive and valuable investment.

[errorcode99]

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 don't want to spend too much then you should lower fees if possible in the wallet you are using and patiently wait for your transaction to be confirmed instead of spending too much just to transfer your erc20 tokens to another wallet or to an exchange site. I also experienced the same thing but I'd rather wait longer than spend a lot of money.

[otreza]

What should I do at this price for gas? It's just no longer affordable for small transactions, ETH is turning into an environment for developers, and for ordinary users it has become unaffordable as it is sad.

[shinratensei_]

What should I do at this price for gas? It's just no longer affordable for small transactions, ETH is turning into an environment for developers, and for ordinary users it has become unaffordable as it is sad.

You should do nothing for that gas price on ethereum network. You should move to the another chain to avoid the gas fees. It will never go down again and you will never be able to use ethereum network anymore. Ethereum chain was only for the whale right now and it's only a way to make the miners become even richer from day to the another day. Ethereum developers are only thinking about money and they never think about the environment caused by non sense gas fees that happened. So many small traders have been migrating to the BSC and polygon. There's no reason for you to use this blockchain anymore.
Ethereum chain will be even more expensive. You may need 1k USD to send a single transaction next years.

[19Nov16]

What should I do at this price for gas? It's just no longer affordable for small transactions, ETH is turning into an environment for developers, and for ordinary users it has become unaffordable as it is sad.

This is really crazy, to send $50 need $200 gas fee. I have some tokens worth under $100 and when I trying to send tokens the gas fee need $60 or more, expensive transaction fees make us have to forget token balance in ethereum and never have ethereum balance.

[ansarose1]

Since Ethereum network upgrades to a high level price gas fee, i think the proper and correct way is that you just wait and let the gas fee goes down so that you could transact for a lower gas fees. But right now isn't friendly enough to do such transactions since Ethereum gas fee is so high now. Just patiently wait for the good timing for a lower fee.

[khiholangkang]

This is really crazy, to send $50 need $200 gas fee. I have some tokens worth under $100 and when I trying to send tokens the gas fee need $60 or more, expensive transaction fees make us have to forget token balance in ethereum and never have ethereum balance.

Tokens under $100 and above $50 are still possible to send, because not all the time ETH gas is expensive. You need to monitor ethgasstation.info constantly and when gas is cheap you can send it.

[otreza]

What should I do at this price for gas? It's just no longer affordable for small transactions, ETH is turning into an environment for developers, and for ordinary users it has become unaffordable as it is sad.

You should do nothing for that gas price on ethereum network. You should move to the another chain to avoid the gas fees. It will never go down again and you will never be able to use ethereum network anymore. Ethereum chain was only for the whale right now and it's only a way to make the miners become even richer from day to the another day. Ethereum developers are only thinking about money and they never think about the environment caused by non sense gas fees that happened. So many small traders have been migrating to the BSC and polygon. There's no reason for you to use this blockchain anymore.
Ethereum chain will be even more expensive. You may need 1k USD to send a single transaction next years.

I remember when the coin was $80 and all transactions were very cheap. What should I do with my NFT and participation in sales? How to withdraw tokens to exchanges?

[bigjuk]

Tokens under $100 and above $50 are still possible to send, because not all the time ETH gas is expensive. You need to monitor ethgasstation.info constantly and when gas is cheap you can send it.

Now the Gas cost of sending tokens via the Ethereum network is $50+ and that's not a good consideration because it can still be pending for a long time, I saw this on the https://etherscan.io/gastracker site and it's very official in my opinion.

[elisabetheva]

Transactions in the form of ethereum were very high during bitcoin's rise, Ethereum also went up with so many people changing the ethereum network to bsc so that gas costs were cheap, as long as gas is expensive I no longer make transactions using ERC20 this is an obstacle for erc20 reportedly ethereum is fixing high gas problems until this continues we don't know

actually the risk of using the ethereum platform is that it is certain that the high price of ethereum will result in high gas costs and the possibility of low costs is very difficult to achieve. Of course there will be innovations that will be made by ethereum to be able to reduce the cost of the gas, but how long can it last if ethereum itself is likely to continue to increase.

but there are alternatives available and can be used to avoid the high gas costs. by using the binance platform or others which are now quite widely available, but it is more popular that they use the binance platform as an alternative. as long as there are alternatives there is no need to confuse and try to avoid the ethereum platform first until there will be changes, although it is very unlikely that this will happen if the price of ethereum continues to increase.

[ene1980]

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actually the risk of using the ethereum platform is that it is certain that the high price of ethereum will result in high gas costs and the possibility of low costs is very difficult to achieve. Of course there will be innovations that will be made by ethereum to be able to reduce the cost of the gas, but how long can it last if ethereum itself is likely to continue to increase.

This is a wrong assessment of the situation, the cost of Bitcoin as we speak is $61,124.15 and what is the transaction charges, i can input a few cents and it will get confirmed within an hour. The cost of Ethereum is $4,350.56 and the transaction charges are much higher and if you using decentralized exchanges then the charge increases rapidly up to $50 which is silly and yet the price keeps on increasing .

[zonefloor]

Currently, it is very costly to trade with ethereum. If the cryptocurrencies you will trade are over uniswap or 1 inch, woe to you. It doesn't want a fee less than $220. We have $100 cryptocurrency, we pay $200 fee for the transaction. Unless they bring the Ethereum update, it has become a real burden to trade on such platforms, except for those with a lot of money.