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Cornia
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October 06, 2021, 05:27:25 PM |
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You should always check gas fee before make a transaction. You can check ETH gas fee here https://etherscan.io/gastracker. This is the pick hour. ETH gas price is less on 4-6 Am (UTC 0). If you do the transaction at that time, you can do the transaction at a much lower fee.
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iv4n
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October 06, 2021, 06:08:28 PM |
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From Betfury casino withdrawing Ethereum on Ethereum chain is with 0.005 ETH fee! Withdrawing Ethereum with BSC (Binance chain) is with a 0.0001 ETH fee! So you do the math what is more affordable and better in this case! Ethereum fees are crazy for some time already, and it's why I don't use it as before! Now if it's possible to use other chains I will do it, if not I will just leave it there for better days if they ever come!
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Bitstar_coin
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October 06, 2021, 06:13:27 PM |
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Let's hope there will be remedy in the near future but right now the gas fees is crazy, it is even more frustrating when you are sending very low amount and spending high fees to transfer it, honestly I prefer using other chains now, etc is great but gas fee is very unbearable, they really need to do something about it.
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dothebeats
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October 06, 2021, 06:32:19 PM |
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This is why I try to avoid using ETH or any coin that uses GAS fees. The fees are straight up obnoxious and doesn’t seem to go down at a more reasonable price. While the rest of the world complains about btc tx fees being high, they haven’t peeked into what ETH has in store for us when it comes to tx fees. And here I was thinking that the past upgrades would solve most of these problems, but they’re still there unfortunately.
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Jackl87
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October 06, 2021, 06:58:27 PM |
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This is one of the most discussed topics within the crypto space for at least a few months now and rightly so because at the moment the Ethereum network is hardly usable for small traders and everyday users that are doing small transaction like the one you posted in your OP. This is also the reason why a lot of projects and users switched to Binance smart chain or to layer 2 solutions like polygon recently because there the fees are only a fraction compared to the ETH-network. I would say that at some point in 2022 when the ETH-Network makes the final switch to PoS then the prices of transactions should drop... if they will not...bad times for ETH.
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Cadaver20
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October 06, 2021, 07:15:51 PM |
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I think gas fees from ETH can be stable someday, maybe when ETH 2.0 has been launched, then it can make gas fees from ETH lower than now
We have seen some developments of ETH like ETH 2.0, London hard fork etc. The purpose of all these developments was to reduce gas fees. But in reality it was not seen. It remains to be seen what development will come next. However, if the market goes down, the gas fee will automatically go down.
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blockman
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October 06, 2021, 07:19:10 PM |
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You shouldn't have done that. You should wait for the gas fee to drop down and do that transaction, is that $10 really in a rush and you have to send that immediately? We are unsure when the gas fees will become stable but whenever there's a sudden rise for the price, I've noticed that gas fees also increases.
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trapatalce
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October 06, 2021, 08:02:17 PM |
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It's frustrating, but I would not have done what you did. I'm patiently waiting for the fee to drop to lower amounts, perhaps around the ~10$ mark so I can bridge my tokens to the Fuse network. Currently, it's asking around ~40$, and it's sometimes even spiking to $100+.
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Sterbens
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Duelbits.com
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October 06, 2021, 08:16:57 PM |
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It's hard to say that this problem can really be solved. I've had a $10 token buried for almost a year now, quite a lot. There's nothing we can say, because it's been more than a decade. For small traders like us, this is a barrier to freedom of transaction. Maybe not for the people out there who have a commensurate advantage. Again, there is nothing you can do but wait for the GAS moment to drop at a certain time. Stealing time cheaply is often what we do nowadays.
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Johnyz
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October 06, 2021, 08:46:29 PM |
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If the market is rising, you can expect for ETH network fees to increase as well so its better to have other options and check first before you approve the transactions. This has been a problem with ETH, they can’t still address this issues even if some updates already made, hopefully on their upcoming updates they can finally solve the fees problem, so for now look fo alternatives.
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FulxilCoris
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www.fintropy.io
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October 06, 2021, 09:18:54 PM |
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This is one of the reasons why I don't want to use ETH or any coin that uses GAS fees. Fees go up wildly and don't seem to drop at a more reasonable price. While the rest of the world complained about the high btc tx fees, they did not consider ETH. i have a coin worth 50$ but the transfer fee is more than 30$ really the current gas price is too expensive, i hope that in the future gas fee will be fixed with better price for users.
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BayAngelo
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October 06, 2021, 09:31:51 PM |
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As long as ethereum price keeps raising, gas price will continue to raise. the only solution is for traders to embrace side chain projects like finance smart chain, polygon, avalanche and so many others. this is the only way to reduce the high cost of gas fees. i don't think the recent burning of ethereum will also solve these issue. it will make eth scare but price will still remains high.
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Kena Banned
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October 06, 2021, 10:01:46 PM |
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Usually when the market pump, the network become busier and its attract many people want to move its tokens/ eth. It will force people to increase the gas for making the transaction succeded. Try to do the transaction on the quietter network if you're not on urge.
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bitkanu
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October 06, 2021, 10:29:53 PM |
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What do you think, is there any possibility for ETH GAS price will stable?
There is possibility for the eth gas price to be decreased but the only solution to increase the blocksize, so many people have been complaining about the gas fees on ethereum. they were migrating to the another blockchain like plygon and bsc that fully integrated with ethereum. EIP should become the only solution. The ethereum developers didn't even think if what they have done in london hardfork has no impact to the fees. The blocksize needs to be increased even higher than the current blocksize, This time ethereum chain can only processing up to 15 TPS. This must be around 100 - 200 TPS
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Dave1
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October 07, 2021, 03:46:47 AM |
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Not the first time to hear complaints about ETH gas fees, lol. They are out of control now, before it was bitcoin, but since ETH has gone up to new all time high, gas fees increases as well. And the supposedly hard fork was the solution, but unfortunately, it didn't resolved the issue. The best thing to do is just wait for the gas fees to somewhat goes down a bit or just learn few tricks posted by @iv4n to at least lessen the fees.
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Sollaes
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www.cd3d.app
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October 07, 2021, 03:52:11 AM |
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As I know, Ethereum 2.0. is going to solve the problem of Ethereum's scalability and big fees. After launching Ethereum 2.0. this blockchain will be switched from Proof-Of-Work consensus, to Proof-Of-Stake. Coins that are working on this consensus have lower transaction fees, because it is easier to keep this network and validators get less rewards, so I expect that Ethereum will become cheaper and it will be easier to run small transactions.
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cryptoaddictchie
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Fully Regulated Crypto Casino
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October 07, 2021, 04:24:57 AM |
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Yes there is a time that gas fee is low and that should be the time we can do a heavy transactions. Im sure Vitalik already making sure that this will be the number 1 priority when they scale eth. The eth2 wouldnt be around the corner for a while and they said it would be delay but of course everyone is still hoping for the best for eth as we can see a huge potential out of it.
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RussianEnglishTranslation
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October 07, 2021, 04:49:43 AM |
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I suggest using the rainbow bridge from Ethereum to Aurora or NEAR or the spookyswap bridge to Fantom. You can then trade on Ref Finance or Spookyswap and your transactions will cost a fraction of a penny.
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hd49728
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October 07, 2021, 06:49:24 AM |
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Nobody can tell you when. It will be stable when the hype or panic on Ethereum and ERC-20 tokens fall down or when the hype on NFT games from projects that use ERC-20 chain falls down. However it is impossible to say when, what week, what day the gas price on Ethereum network will be cheaper. On that network, you can not have stable gas price that changes very quickly. https://www.gasnow.org/. It is bad that website will close their service next week.
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