Gas Fee Of BNB Is Increasing

[Pamadar]

It will be really a complicated matter for future! Cause when ether price was around 600$ where bnb is standing now, , ether transactions fee was less a $1. after it start getting popular, it was getting higher by its value and now it Change upto $50 per transactions! So i don’t know if bnb raise such price where eth is Standing now, what will be happened! They'll able to solve it or suffer as like ether?

Or maybe CZ anticipates that and has a good way to prevent that from happening,

We don't know what are the plans behind this asset. The only thing now is we are experiencing growth and the transaction
fees base from the fiat value is increasing.

It's needed to address the soonest, transaction fees is the one who leads investors to find alternative asset, and also developers
are kept on finding suitable chain to use for both benefits of their project and their investors.

Having lesser fees is what attracts investors, especially when the coin has solid fundamentals.

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[S4VV4S]

I don't care about how much fees need for swap BSC coin but really angry when BSC network always congested when sending or withdrawing coin, many time exchange like LBANK, HOTBIT and all exchange support using BSC coin withdraw or deposit delay. This week almost three time BSC network congested and delay for sending and exactly when swap coin on pancake we need two or five minutes for success if price not change yet.

[yohananaomi]

I don't care about how much fees need for swap BSC coin but really angry when BSC network always congested when sending or withdrawing coin, many time exchange like LBANK, HOTBIT and all exchange support using BSC coin withdraw or deposit delay. This week almost three time BSC network congested and delay for sending and exactly when swap coin on pancake we need two or five minutes for success if price not change yet.

Of course what you are experiencing is indeed very uncomfortable, because sometimes time runs out just waiting for the transaction to finish and moreover you often make price changes so that it can be finished quickly. is this because indeed all swaps have happened like this ? it seems that there will always be interference when doing a swap and the kinds of interference that are obtained. I also often experience like you but I try to just be patient so that it is finished, most often what I experience is that I can't do transactions and have to repeat.

[Kodok Bencot]

I don't care about how much fees need for swap BSC coin but really angry when BSC network always congested when sending or withdrawing coin, many time exchange like LBANK, HOTBIT and all exchange support using BSC coin withdraw or deposit delay. This week almost three time BSC network congested and delay for sending and exactly when swap coin on pancake we need two or five minutes for success if price not change yet.

The number of users and transactions that continue to increase makes the BSC network very busy, it's been a few days when I swapped on Pancake then the results were very slow and I had to repeat it again so that it made a double fee when I checked on bscscan, if gas costs go up it should make the speed stable because they get more and if this problem can't be solved then there will be many problems in the future with BSC.

[kapalmabur]

I don't care about how much fees need for swap BSC coin but really angry when BSC network always congested when sending or withdrawing coin, many time exchange like LBANK, HOTBIT and all exchange support using BSC coin withdraw or deposit delay. This week almost three time BSC network congested and delay for sending and exactly when swap coin on pancake we need two or five minutes for success if price not change yet.

The number of users and transactions that continue to increase makes the BSC network very busy, it's been a few days when I swapped on Pancake then the results were very slow and I had to repeat it again so that it made a double fee when I checked on bscscan, if gas costs go up it should make the speed stable because they get more and if this problem can't be solved then there will be many problems in the future with BSC.

This seems to be an overload problem that occurs in the BSC,
seeing what you have experienced, of course it is very unfortunate that it happened and it is very likely that you are not the only one who has experienced something like that,
For BSC, of course, this is homework that must be completed immediately if users don't want to be left behind

[chaser15]

Gas fees are really moving. If it moved by a cents only, there's nothing to worry about.

BSC fees are still the cheapest and fastest compared to any chain. Also used by most platforms now making it more convenient. There will be a time that we might face high fees in BSC so for now, enjoy it while you can.

[Ngewex Yuk]

This will happen with any project, when users and transaction volumes are small then fees will be cheap, currently Polygon transaction fees are less than 5 cents, but I'm sure if one day Polygon is large like BSC then transaction fees will be expensive, and as long as it increases still affordable, of course, is natural, and in contrast to ethereum which is no longer reasonable and more expensive than sending money via bank transfer.

[ninabobo]

That's how ethereum started with such low gas fees nd fast transaction. But when it's network got conjested we started seeing insane gas fees and traction finality time getting slow, same thing might happen to BSC, the more it's network gets loaded, the more it's transaction fees will keep increasing, this is more reason why sharding is very much important, no matter how fast  a blockchain is, sharding is important for a blockchain which is ready for mass adoption, take the Near protocol network for example, in absence of it's low fees and fast transaction there are still launching a nightshade to boost it's network capability, this shows they are ready for mass adoption.

[Sweetbtc]

 Bnb fee is still very low if we compare to Etherium. I think bnb gas fee is same but due to increase in price the $ amount is increased. In future uf more people will adopt it price will increase and will affect directly gas fee.
When Bnb price was 43$ its gas fee was approximately 0.02$ and now 0.1$ for transferring

[tsaroz]

The good thing about BNB is it's backed by binance and the team is quick and effective in making and implementing new decisions. For a few weeks, I have seen the BSC network to be much stable in fees and the fees are still decently cheaper than many of it's competitors. I even saw/paid fees on BSC chain below 50 cents while polygon above 10 cents in last few days. It seems, the fees on any network could be a trouble when the volume of transaction increases and BNB is itself one of the largest utility token by transaction volume.

[RiskySanchez]

if the gas fee mechanism between Binance and Etherum is the same, if at the same time there are thousands of transactions in the blockchain network, then the resources needed to process and validate these transactions are also more and cause gas fees to be expensive. all networks also experience the same thing if they are overloaded but Binance still makes a sense if compared with etherum

[Jose Mourinho]

in the last few days the cost of BNB gas has increased, I think that the increase is a very reasonable thing because the price of BNB has also increased, but another factor causing gas costs to rise is because of the large number of instant swap exchanges resulting in the BNB network getting congested so that gas costs continue to increase every transactions, this also applies to the ethereum network, but I really hope that the binance gas fee does not rising too high like the ethereum gas fee, because right now there are so many assets that I have to transfer using the binance network...

[andyou1234]

The current increase in BNB fees is due to the large number of instant swap exchanges taking place on the network, so the volume is increasing, I think this is a very normal thing to happen,  after all, the increase is only a few cents, when compared to the network else Binance still has very low fees at the moment, I'm sure this mechanism will apply to all networks in crypto.

[maartenhaha]

The current increase in BNB fees is due to the large number of instant swap exchanges taking place on the network, so the volume is increasing, I think this is a very normal thing to happen,  after all, the increase is only a few cents, when compared to the network else Binance still has very low fees at the moment, I'm sure this mechanism will apply to all networks in crypto.

The binance network has provided transaction fee convenience, although in the end it has increased by only a few cents, so far we have no problems with binance gas but really hope there will be no transaction traffic congestion so that the stability of gas fees does not increase significantly.

[Pamadar]

The current increase in BNB fees is due to the large number of instant swap exchanges taking place on the network, so the volume is increasing, I think this is a very normal thing to happen,  after all, the increase is only a few cents, when compared to the network else Binance still has very low fees at the moment, I'm sure this mechanism will apply to all networks in crypto.

Tolerable still if you want good service, paying the amount even the increase is really showing if you compare it to ERC,
you will continue using BSC.

Just alarming since the network is also gaining more transactions and the value of BNB is also increasing on it's fiat value.

Do your part researching if you can find alternative if you are hurting with few cents increase.

[Abiky]

I think the reason is the same as that experienced on the ethereum network.  The number of instant swap exchanges forces gas to continue to rise in each transaction. This also makes the BNB network more dense every day. Make higher gas to get faster transaction queues. Finally, all transactions on the BNB network went up dramatically. I wish it was nothing more than ethereum.

That's the problem. Fees rise according to network activity. Since smart contracts (dApps) require constant interaction on the Blockchain, fees will only go higher over time. The more people use the Blockchain, the higher the gas fees will be.

I think it's a bad idea to use Blockchain tech for the deployment and execution of smart contracts. Turing-completeness can not be achieved on Blockchain technology, especially when it has scalability issues. Ethereum and other smart contract platforms should let ordinary transactions to be performed on-chain, while leaving the deployment and execution part of smart contracts (dApps) on a separate layer (preferably off-chain). Only this way, fees will remain at its lowest. It'll be something like the NEM project's been doing right now, as smart contracts don't live on the Blockchain. I'm afraid BNB's fees will continue to soar until developers do the right thing.

At least, it's cheaper to use BSC than Ethereum (ETH). With various smart contract platforms available on the market, high gas fees and slow confirmation times should no longer be a concern to the average person. Just my thoughts

[Justin999]

Due to high Ethereum's gas fee, erc20 tokens also join with bsc as alternative blockchain. If a token is transferable on both chain, people are selecting bsc and to handle such traffic, bnb fee increase but that is still lower than Ethereum.  I guess soon bnb fee also increase like Ethereum, but That might not be fact of worry cause we will use solana, matic and so others. And thus crypto industry will going Ahead

[Mehedi72]

Or maybe CZ anticipates that and has a good way to prevent that from happening, We don't know what are the plans behind this asset. now we are experiencing growth

but it Will be hard to fine out the way to get rid of this issue. cause ether is suffering with same reason and still fail to make a way that could be a solution but of course it isn’t impossible and i'm optimistic about it

Having lesser fees is what attracts investors, especially when the coin has solid fundamentals.

True, fee is major thing and it could play important role for investors. that's the resson large number of people shift with bsc blockchain instead of ether. just use ether for transaction when don't have any option

[Abiky]

A few hours ago I sent tokens at a cost of about 15 cents, compared to some time ago of course there is an increase, but I think this is still reasonable and the speed is still good compared to ETH which took up to $45 to send tokens and took up to 2 hours to get 8 confirmation.

Fees on BNB only increased as a result of its ever-growing popularity. But it's still much cheaper and faster to use than Ethereum (ETH). 15 cents for sending tokens across the BNB blockchain is a bargain, considering how it costs upward of $30 just to transfer a token on the ETH blockchain. Polygon is even cheaper than BNB and ETH, with fees less than a cent (in USD).

Ultimately, how much you're going to pay will greatly depend on network congestion. As long as developers keep the blockchain scalable, fees will remain at their lowest. There are many alternative smart contract platforms on the market right now, so high gas fees should no longer be a concern to the end user. Just my thoughts

[Balmain]

A few hours ago I sent tokens at a cost of about 15 cents, compared to some time ago of course there is an increase, but I think this is still reasonable and the speed is still good compared to ETH which took up to $45 to send tokens and took up to 2 hours to get 8 confirmation.

Gas prices have increased compared to the past, I find this very normal. Formerly bsc network adaptation is getting more and more day by day. Thousands of people are just using the bsc network. I don't understand people complaining about current prices. If you are complaining, try trading on the ethereum network. Bsc network is both cheap and fast at the moment, what can be more?