Gas Fee Of BNB Is Increasing

[Yamifoud]

I think the Binance Smart Chain (BSC) gas fee, is not that high to cause any concern or trouble, because I use it now it remains 5 Gwei and cost me $0.04 cents of BNB which is still manageable compare to Ethereum.

But it was slightly changed when you are using the Dex Like PancakeSwap and Etc. because you are burning gas in two transactions during the smart-contract execution which cost you $1.88 of BNB in both transactions, Which is still cheaper compared to Eth. I believe also that BNB prices contribute some slight increase of the BSC transaction fees especially when we are using DeX.

Yeah, I don't know where OP had that issue since most of us who use the BNB or BSC platform could justify that the fee still remains low. $1 or even if it reaches $2, it is still quite low for me either. While ETH gas fee remains high, more than twice of BNB, this is not the thing we have to worried about unless if it continued to increase. OP, please calm down. It wasn't that high enough to get emotional as sometimes fees increase will happen anytime. Like BTC transactions, it usually makes some surge like it reaches $10 and more in the previous weeks but for now, it drops again. Actually, it was just ETH had never drop till now.

[UserU]

Remember when everyone was pointing at ETH and saying how cheap it was to transact compared to BTC? Oh wow,,, only a few cents and instant confirmation unlike BTC network.

Then ETH got popular and smart contracts got more expensive.

BNB/BSC is going down the same path.

Yeah. Once BNB reaches over 1K, some other entity is gonna take its place.

[onecall123]

It's rare to hear people complaining about BNB gas fees. Binance Smart Chain was designed to release users who are dealing with high transaction fees and charge a fee as small as a peanut. Due to some reasons, I'm admiring your initiative to warn users about BNB gas charges. Currently, things are normal. But what if BNB did something crazy and BSC ended up at the same place as ETH?

[tvplus006]

It was only a matter of time and when the Binance smart chain will be loaded in the same way as the Ethereum network, we will see the same transaction delays that can only be solved by increasing the gas fee. In addition, the cost of transactions in BSC was affected by an increase in the cost of BNB by more than 10 times.

[seramania]

BNB gas costs are increasing, but still low compared to ethereum. I think this is comparable to the increase in BNB prices in the market. usually if the token price increases the gas price also increases and that happens to bitcoin, eth or BNB

[faithupgrade]

I am playing some BNB play2earn games like DPET, Cryptoblades, PVU, ZOON.. I also noticed that BNB's gas price is also bullish. I am afraid that BNB's normal gas fee of 0.001 might become 5 to 10usd each.

I think BNB needs to do some enhancement to its blockchain just like what ETH did.

All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.

[Samurai trieng]

In my opinion, the Binance gas fee is not very high, although it is currently increasing slightly, but the value is still too low compared to the etherem gas fee, I don't think there is anything to worry about Binance transaction fees at this because it is still very affordable.

[kensaii]

It's rare to hear people complaining about BNB gas fees. Binance Smart Chain was designed to release users who are dealing with high transaction fees and charge a fee as small as a peanut. Due to some reasons, I'm admiring your initiative to warn users about BNB gas charges. Currently, things are normal. But what if BNB did something crazy and BSC ended up at the same place as ETH?

Of course, there will be complaints when users are already familiar and used to something cheap, even if it increases a little bit, it is still noticeable. I think this time, BNB must be the same ETH a few years ago when ETH's gas fees were still cheap before become unbearable as today. Though right now, BNB's gas fees are still quite cheap compared to ETH, it is quite worrisome if this trend continue.

[CaptainCrapper]

All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas-free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.

When coins price increases gas fee will increase it is a simple matter for that reason gas fee increase but it is not fair for everywhere every moment.

[lixer]

I don't know where OP had that issue since most of us who use the BNB or BSC platform could justify that the fee still remains low. $1 or even if it reaches $2, it is still quite low for me either. While ETH gas fee remains high, more than twice of BNB, this is not the thing we have to worried about unless if it continued to increase. OP, please calm down. It wasn't that high enough to get emotional as sometimes fees increase will happen anytime. Like BTC transactions, it usually makes some surge like it reaches $10 and more in the previous weeks but for now, it drops again. Actually, it was just ETH had never drop till now.

At some point it was under 60 cents, I mean that was of course few months ago and nothing new but that was the case a few months ago. Nowadays it is a bit over 1 dollars, which is nearly a double increase. However that is is absolutely nothing compared to what is going on over at ETH constantly, it goes up and down like crazy and I have seen $40 approval many times as well, it is seriously not making any sense at all because of this reason.

I mean if there was a better option than I am sure people would move there, but just one dollars plus having one of the biggest ever ecosystems gives BSC the fair play better advantage for sure, it is just too obvious. So at the end of the day if we are not going to see any problems with the current situation, then we should keep grinding over at BSC, if one day ETH manages to drop it down then we could discuss.

[globalpain]

At the moment the price of binance is growing, so gas costs are also increasing a bit, but I don't think the increase is too high compared to etherem gas costs, so I don't feel panic about this situation because the increase is still very affordable.

If you compare it to the cost of ethereum gas, of course it's still far away,
so far for myself this thing like this has not bothered me,
What I'm worried about is that when Binance's gas costs are increasing day by day, of course this is something we don't want

[Fivestar4everMVP]

I remember saying a thing like this before on this forum, people running to binance smart chain just because the gas fee there is very low, I said it before that gas fees on binance will definitely go up as soon the chain begin to see alot of activity and movement of funds, it's already happening little by little, my prayer now is that it doesn't get as worst as it is with Ethereum blockchain, having to pay all this high fees for transactions in crypto isn't what crypto stands for, I wonder where we got it wrong, crypto transactions and payment were supposed to cheap and affordable to all, but today, things are totally different.

[Fredomago]

At the moment the price of binance is growing, so gas costs are also increasing a bit, but I don't think the increase is too high compared to etherem gas costs, so I don't feel panic about this situation because the increase is still very affordable.

If you compare it to the cost of ethereum gas, of course it's still far away,
so far for myself this thing like this has not bothered me,
What I'm worried about is that when Binance's gas costs are increasing day by day, of course this is something we don't want

Far from how costly ETH was, though with usages BSC is now moving the same path we are seeing this increase for now not that much and hoping that before it went to that far BSC will able to find the best solution for it.

Still cheap if you are using this chain as an alternative and if you are more focused on projects that being created under this chain.

considerable and still good for traders to use this chain if they are moving their assets regularly.

[7788bitcoin]

~
Far from how costly ETH was, though with usages BSC is now moving the same path we are seeing this increase for now not that much and hoping that before it went to that far BSC will able to find the best solution for it.

Still cheap if you are using this chain as an alternative and if you are more focused on projects that being created under this chain.

considerable and still good for traders to use this chain if they are moving their assets regularly.

The fees in ETH cannot be compared to any other coin, if you look at Bitcoin the fees are really low and for ETH if you are purchasing anything at an auction then the fees goes through the roof and there are people still trying to purchase them despite the fees and on the other hand BSC network is far far better for now and in the future we might see the bottle neck hurting them but i hope they will handle them as they are a fully centralized structure with only a few nodes.

[leea-1334]

Then ETH got popular and smart contracts got more expensive.

BNB/BSC is going down the same path.

Yeah. Once BNB reaches over 1K, some other entity is gonna take its place.

Not just that,,, once BNB goes over 1K and let us say it grows the userbase and defi pools all start spamming with NFTs and multiple stakings, then you will start seeing things slowing down and people overpaying fees.

Then the 50 cents you pay now becomes $5. And then if price triples you start paying $15. It becomes ETH all over again except ETH already by then goes to 2.0

[Pulsar77]

As long as more people start using BNB and the network starts slowing down, we will observe much higher fees in the future. And it is totally normal unless the developers of a coin don't do anything to prevent this slowness and high-fee problem. At least Ethereum developers promise to do something about it but I haven't heard anything from the BNB side yet.

[lepbagong]

As long as more people start using BNB and the network starts slowing down, we will observe much higher fees in the future. And it is totally normal unless the developers of a coin don't do anything to prevent this slowness and high-fee problem. At least Ethereum developers promise to do something about it but I haven't heard anything from the BNB side yet.

but what has been promised by ethereum has not been fully implemented, the problem of high costs still sticking out at certain times or it can be said when traffic is high, this also has its own problems. many competitors will continue to appear if ethereum can't improve itself and indeed many have done on new projects where one of them is clearly BNB, and so far there have been no very crucial problems that have occurred in BNB as you said, especially regarding delays and I use still at a reasonable level.

[conected]

At the moment the price of binance is growing, so gas costs are also increasing a bit, but I don't think the increase is too high compared to etherem gas costs, so I don't feel panic about this situation because the increase is still very affordable.

If you compare it to the cost of ethereum gas, of course it's still far away,
so far for myself this thing like this has not bothered me,
What I'm worried about is that when Binance's gas costs are increasing day by day, of course this is something we don't want

- Binance definitely won't go into ethereum's unmanageable reign because they know ethereum's popularity is also waning due to fees, binance has contributed quite a lot as well as enhancing their design with the community, adjusting the cost to dissolve the skepticism and get accepted by the community, producing results is very difficult and they will definitely reserve everything. The cost of BNB increases only because the transaction size and volume is surging, just a few unusual manifestations, BNB's policy will remove such problems as to keep everyone's satisfaction intact

[Rana590]

Gas fees are much lower than ethereum's at present the demand of BNB has increased a lot and the amount of its gas fee is increasing due to more transactions. Developers are increasing their amount I think there may have been a problem with their network it has not yet been implemented properly The demand for binance to be its own currency is always high in the market such a high amount of fees will not last very long.

If the price is within our control then we have no problem. It is true that the demand of BNB is much higher and the volume of transactions is increasing a lot. If that were the case, the gas fee would have remained the same as the demand increased. Then we would not have to look for any other alternative.

[Oneandpure]

Increasing gas for BNB fees depend how much BNB value and depend with coin you make swap or sending, with shit coin you need to pay more than $1 for swap and must use bigger slippage above 15% and 20%, but if great coin like BNB, AXIE and other bigger BSC coin network maybe few cent you pay fees about 0.1$ until 0.4$. I ever swap with shit coin pay more bigger than great coin but if profit I don't care about it.