Gas Fee Of BNB Is Increasing

[Fredomago]

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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.

That's also what I wish for this chain, not to follow ETH and have their fees be controlled before sudden increase that no longer considerable knowing that there are many developers now that use this chain.

A great alternative for small traders and investors, like what I've said, the fee for transacting using BSC still far from the fee using ERC.

Being crealistic, you mostly choose cheaper transaction whenever you deal with your trades..

[marcous]

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.

Actually, there is no need for other alternatives, but because BNB is sufficient for all things, other alternatives seem to be neglected, even though every alternative that has been developed and implemented well, all of them clearly have benefits and will not feel redundant.

[Rana590]

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.

Actually, there is no need for other alternatives, but because BNB is sufficient for all things, other alternatives seem to be neglected, even though every alternative that has been developed and implemented well, all of them clearly have benefits and will not feel redundant.

Shall we not accept something new? When Ethereum was right, did we think of any other alternative? But now we have converted to BNB. If we get better options in the future, people will lean towards it. However, if the gas fee is low in any one blockchain network, the number of users will increase a lot. Everyone will benefit from that.

[dhemasm]

Actually, there is no need for other alternatives, but because BNB is sufficient for all things, other alternatives seem to be neglected, even though every alternative that has been developed and implemented well, all of them clearly have benefits and will not feel redundant.

It always needed mate, Things will change to become much better even though BNB it's good for now and have flat fee it's going to increase since the gas price was affected by the price, Yeah BEP-20 it's the most good Alternative chain and it's enough for now but we need more scalable and better chain in the future and there will be always new alternative out there. If we get better other chain in the future then why not?

[fileo]

True however it is still lower compare to Ethereum gas fee cost of $8 per transaction while in BSC it is $1.5 or $2. Although gas fee is increasing the people still choose to use BSC than ETH because of cheap transaction over $8 per transaction of ERC 20. I hope BSC will not increase the gas price every time. Because it would be difficult for small time to do transactions.

[pauloaragaomelo]

It always needed mate, Things will change to become much better even though BNB it's good for now and have flat fee it's going to increase since the gas price was affected by the price, Yeah BEP-20 it's the most good Alternative chain and it's enough for now but we need more scalable and better chain in the future and there will be always new alternative out there. If we get better other chain in the future then why not?

Revolution in crypto will always be innovative for new alternative chain for crypto community, we didn't know about BEP-20 chain at first then after release got positive response that many ERC-20 users switched to BEP-20 due to major problem in gas fee transaction, what if there will be a new network chain in the future with more complex features and user-friendly functionality, we can leave the old chain because the feature is obsolete.

[ayukartika]

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.

Gas fees in BSC are still lower than eth network but it's a bit higher than before. Actually, it shows the BSC network got more users and more transactions every day. Though the BSC network can process 55 to 60 transactions per second it's not enough when more people are coming every day. So network got more traffic with the same capacity to handle them. That is the reason behind Increasing BNB fees.

I also agree with what you said.  behind the increase in BSC gas costs which are getting higher day by day, it is due to the large number of users making transactions with BSC so that the transaction network becomes blocked which results in an unavoidable increase in gas costs, this is the same as ETH in the past.  Hopefully in the future with the development of technology, problems like this will not happen again.

[Oneandpure]

Right now many trader and investor move to pancake exchange because support with BSC network as fees transaction lower than ERC20 network,  I think not higher impact although gas of BNB coin increasing because still very expensive fee pay by trader and investor if using coin support by ERC20 network. Better keep using bsc as network coin and have lower fees transaction right now than if you use ERC20 coin where take more than 30$ when selling or buying coin on uniswap.

[Devifajarina]

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.

The current increase in ethereum gas, actually makes more people use their services, I am also very surprised at this condition, there is no strong reason for us and them to continue to use these services, even today there is no such thing as free gas, there is only an increase in the cost of the gas, even though almost everyone is heading and paying attention to BNB at this time, it is quite strange indeed, if we try to put this into our logic and try to understand it as a whole.

[Twinkledoe]

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.

The current increase in ethereum gas, actually makes more people use their services, I am also very surprised at this condition, there is no strong reason for us and them to continue to use these services, even today there is no such thing as free gas, there is only an increase in the cost of the gas, even though almost everyone is heading and paying attention to BNB at this time, it is quite strange indeed, if we try to put this into our logic and try to understand it as a whole.

As the demand increases, what they can do is slowly increase the gas fee. It may not be high but for those who are willing to pay higher fees for their transactions, they can do so. Just like in eth network. In time, we will see how BNB network will address their congestion. As many projects are diverting their interest to BSC network, very soon, we will find out that this network is also experiencing congestion.

[Hasan986]

It is very sad. Currently, many traders have opted for Bep20 due to low fees. Lately I have seen that the fee has increased a lot. Above about 1$. Which used to be 8-15 cents. There are many small traders who are facing losses in this. Maximum low capital trader does not swap on Erc20. If Bep20 increases in the future, maybe they will move away from Bep20.

[abralzain17]

Is the current increase in transaction costs in bnb caused by the increasing price of bNb? Or is it just because the number of Binance users continues to increase, so the number of transactions continues to grow and causes high gas fees?

[UserU]

Is the current increase in transaction costs in bnb caused by the increasing price of bNb? Or is it just because the number of Binance users continues to increase, so the number of transactions continues to grow and causes high gas fees?

Both. When more people congest the blockchain with swaps and trades, the cost per transaction increases too.

Just like ETH.

[lenovop-70]

Ofcourse it will increased since the transaction getting rush on their network, but we have many option beside the BSC network. I am a trader, while i count and still worth it, ill do it in any network beside me.

[someone703]

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.

Even if it increases, I find it insignificant to make a profit on each bsc20 trade. And if you look at the cost of successful transactions on erc20, I have no reason to complain. I think it's just a very small problem, and not much to worry about because in reality there are so many options in this field, it's not a good approach to judge by cost alone. with this market, and of course DYOR.

[H1N1]

It is very sad. Currently, many traders have opted for Bep20 due to low fees. Lately I have seen that the fee has increased a lot. Above about 1$. Which used to be 8-15 cents. There are many small traders who are facing losses in this. Maximum low capital trader does not swap on Erc20. If Bep20 increases in the future, maybe they will move away from Bep20.

At least BNB gas fee is still far lower than ETH gas fee. The rising price of gas fee in BNB is because the BNB coin price is rising.
The BNB gas fee is not too high, which is only around 5-10 GWEI per transaction, see here : https://bscscan.com/gastracker
Small traders should not using DEX because the swap fee is higher than the trading fee in CEX.

[Rana590]

It is very sad. Currently, many traders have opted for Bep20 due to low fees. Lately I have seen that the fee has increased a lot. Above about 1$. Which used to be 8-15 cents. There are many small traders who are facing losses in this. Maximum low capital trader does not swap on Erc20. If Bep20 increases in the future, maybe they will move away from Bep20.

At least BNB gas fee is still far lower than ETH gas fee. The rising price of gas fee in BNB is because the BNB coin price is rising.
The BNB gas fee is not too high, which is only around 5-10 GWEI per transaction, see here : https://bscscan.com/gastracker
Small traders should not using DEX because the swap fee is higher than the trading fee in CEX.

I'm not telling that fees of BNB isn't lower than the fees of ETH. But isn't it possible to almost fixed the gas fees? Transactions will be increasing day by day but we need to smart solution to reduce or stable the gas fees.

[wissy]

We have seen a huge increase of projects being built on BSC network, its not hard to predict how things will turn out in the next few years if Binance wont get bust from all the regulatory problems they have lately. And if eventually fees will be as high as on ETH chain, then i am sure there will be another blockchain who will take up this opportunity and filled the gap.

[airdata]

Due to the high gas fees maximum people choices Binance smartchain Network for fund sending/receiving becouse everybody knows that It's transaction fees is very low and fast than Etherium network. Now maximum people use this system and it is the another reason for increasing gas fees.         

[Bazlur]

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.

I myself have noticed that the transaction fee of BSC network is increasing day by day. However, even if the transaction fee increases, it is still tolerable. Because every transaction on ETH network costs about $10-15. The transaction fee of BSC network is much less than that.