High ETH withdraw Fees, how to Solve

[apur688]

I think you can set the gas fees and the blocks actually, but this is the risk, this one is the risk when you use ethereum network. I made a transaction and the fee is more than 20$,.

I guess the solution is just wait, you only need to wait until the fee slowing down.

We need to know that the increase of it is becayse many miners do mining, so they need reward from it, and the higher price of eth, higher the fees too,

[CaVO32]

I think you can set the gas fees and the blocks actually, but this is the risk, this one is the risk when you use ethereum network. I made a transaction and the fee is more than 20$,.

I guess the solution is just wait, you only need to wait until the fee slowing down.

We need to know that the increase of it is becayse many miners do mining, so they need reward from it, and the higher price of eth, higher the fees too,

This is what I am doing, whenever I have to transfer eth from my wallet to another trading platform. You will see the gas fee that you need to pay. But if you will customize it, and set it a lower fee, I don't know how long you will wait for it to go thru or if it goes thru. If you are not in a hurry, you can monitor the gas fee here - https://etherscan.io/gastracker, and just make a transaction when you feel you are not being screwed by high fees.

[Ziskinberg]

Fees vary depending on the exchanges and also the coin you're trying to withdraw but in regards to ETH alone, you'll expect such a thing. That is why it was very common for most traders to convert their ETH to another coin that has a small fee and this is what I did. And I guess this is the only way to solve the problem as we can never expect that ETH gas fee will change and back to normal like in the past years, $1, $2 gas fee, it was now been double or somewhat triple or even more.

[sitbang]

I don't think it's possible because the price of Ethereum coins is now very high, maybe this is one of the main factors that caused the exchange fees to be so high, but if you reduce the withdrawal fees then you are very slow and it will happen. took time and a few days to wait.

[inanilujimi]

actually if you want to store ETH in your personal wallet (MyEtherwallet) you can just change the network to BSC for a cheap fee and it won't reduce the value of ETH if you want to withdraw from binance because as far as I know binance has many options for each withdrawal.

[repear7]

You can't reduce ether gas fees even if you want to. Because it is not in one's hands that anyone will reduce it. There would not have been so many transactions when Uniswap was not there. And the block would not grow. But since the Uniswap hopes, ether gas fees have been much higher. I don't think gas fees will go up anytime soon.

[X-ray]

actually if you want to store ETH in your personal wallet (MyEtherwallet) you can just change the network to BSC for a cheap fee and it won't reduce the value of ETH if you want to withdraw from binance because as far as I know binance has many options for each withdrawal.

He wants to store his assets in ethereum but im sure that if he has found a solution for his problem since this thread a few months old right now. Any cex is charging a lot of fees except FTX. In FTX you will be getting 50% discount but this discount will not happen forever. As far as i know FTX was paying 50% from our withdraw fees to our personal wallet. I have been using this so many times. It's not even relevant to call BSC.
He wants to transfer his ERC asset or ethereum and that means it was not supported by BSC chain. I guess you're missing the point it here but ETH was so crazy.

[MFahad]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

Why not use Ftx exchange For withdrawing Etherium. In my experience its fee is lower than binance and Kucoin. Currently value of charge is only 10-12$ and i think its not big.
Eth Gas fee is now big issue and exchanges cannot do any thing.

[rahmad2nd]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

Why not use Ftx exchange For withdrawing Etherium. In my experience its fee is lower than binance and Kucoin. Currently value of charge is only 10-12$ and i think its not big.
Eth Gas fee is now big issue and exchanges cannot do any thing.

FTX is the best way how to solve high ETH withdraw fees because how much fund your withdrawing with ETH just take fees only 0.001 ETH, from other exchange market you need spent more than 0.02 ETH when sending fund for fees swap on Metamask, last transaction I made two weeks ago where withdrawing about 0.06  ETH for claimed airdrop coins, I have to pay fees 0.001 ETH and most cheapest fees than use Binance, Kucoin or Bittrex exchange market because all that exchange spent almost 0.02 eth for withdrawing fees. I hope keep consistent for FTX with lower fees transaction using ETH coin because last years still free without paid fees.

[kaka manteng]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

At this time, Ethereum transfer fees are unbelievably high, which is why most people keep it. Don't face Ethereum's high transfer fees unless you have an urgent need. Hopefully in two months the Ethereum price will rise a lot and then we won't care about these fees

[Ngemmeng]

Hopes for ETH 2.0 to fail, ETH gas costs will continue to be expensive and this is what makes a lot of devs. switching to other faster and cheaper networks such as Solana, MATIC, BSC and so on, we only hope that there will be a good solution to reduce ETH gas.

talk about ETH 2.0 until now I don't know when ETH 2.0 really release. but apart from the problem of the very high cost of the ETH network currently the average new project on the ETH network has a fairly high price. although currently the cost of the ETH network is very high but I still choose new projects on the ETH network because most new projects on the ETH network are very good for long term investments. I don't care about network fees which are quite high as I can get much bigger returns.

[kojektea]

Use the FTX market to get cheap gas costs from exchanges. At least ftx 3x cheaper than the market in general. but I prefer to use a different network so that it doesn't matter with the ever-rising cost of gas from the Ethereum.

[onecall123]

Use the FTX market to get cheap gas costs from exchanges. At least ftx 3x cheaper than the market in general. but I prefer to use a different network so that it doesn't matter with the ever-rising cost of gas from the Ethereum.

However, what about dealing with ERC20 tokens on the ETH network? Ethereum gas fees have never stopped being disappointing to me. Although I intend to hold on to ETH, I will do almost all of my investments outside of it's ecosystem because of the outrageous gas fees! That is totally unreasonable and unsustainable. A friend of mine tried to send an NFT to another wallet, but the cost was more than $50 USD.

[riskarcher]

Use another network when Withdrawing ETH, now some Exchanges already provide withdrawals with other networks such as BEP20 or Matic to the recipient's wallet because that's the only way to withdraw ETH or by converting to another coin to reduce the gas fee by withdrawing another coin on the BSC network

[iv4n]

Use another network when Withdrawing ETH, now some Exchanges already provide withdrawals with other networks such as BEP20 or Matic to the recipient's wallet because that's the only way to withdraw ETH or by converting to another coin to reduce the gas fee by withdrawing another coin on the BSC network

This is the best option if it's possible! Many exchanges and casinos have it now, but not all of them! Also, not all wallets have that option! High fees on the Ethereum network made me quit using it, and didn't use Ethereum for anything for almost a year, and I don't plan to! Simply other chains have the same things, transaction fees are lower and faster in my experience!

[smartaction]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

If you want to withdraw your Money for sell or investment then you can easily sell your eth for another coins or stable coin like USDT or anything like this via another blockchain like BSC, Polygon. or if you want to withdraw ETH to your personal wallet like MEW or Trust wallet for transfer a erc20 based token then you can withdraw ETH from FTX exchanger. FTX exchange charge withdraw fee like a personal wallet real time transcation .

[LUCKMCFLY]

Use the FTX market to get cheap gas costs from exchanges. At least ftx 3x cheaper than the market in general. but I prefer to use a different network so that it doesn't matter with the ever-rising cost of gas from the Ethereum.

I have been seeing that in many topics they talk about FTX, since you name it how it works? If, for example, I have tokens under the ERC-20 chain and I want to transfer it to an exchange, how does FTX work?
or how does the fee issue work? if nothing more than extracting it from metamask already has to be paid, then when passing it to FTX how would it be done?

I have seen that there are some people who create telegram channels where they buy ETH or any crypto in ERC-20 and exchange it, it may take Fiat, but the transactions are all done in the ERC-20 network.

[KaliLinux]

I use Binance,  Kucoin etc crypto exchange for Trading, Binance use very often and I use Kucoin very rarely. But my main problem is high eth withdraw fees from Exchange to Personal wallet (MyEtherwallet). Have any crypto exchange with low withdraw fees?               

That is a problem with the Ethereum Network and not specifically with the Exchanges. I do believe you should have been familiar with the transaction fees that have been the pain in trading/transferring over the ETH network with all these high gas fees and all. So it doesn't matter which exchange you are on but as long as you are doing that transaction over the ETH network, the fees will still be high.

[yohananaomi]

Use another network when Withdrawing ETH, now some Exchanges already provide withdrawals with other networks such as BEP20 or Matic to the recipient's wallet because that's the only way to withdraw ETH or by converting to another coin to reduce the gas fee by withdrawing another coin on the BSC network

maybe that's the way you can do it as long as there are still high cost constraints from ethereum, because sometimes the fees charged can exceed what you have and this is very painful. but since this is something that must be done, of course looking for other alternatives is a must that needs to be done and many alternatives can be used to avoid this, even though swapping is still incurring high costs but avoiding WD is also important. is a necessary and legitimate thing.

[susuberuang]

Use another network when Withdrawing ETH, now some Exchanges already provide withdrawals with other networks such as BEP20 or Matic to the recipient's wallet because that's the only way to withdraw ETH or by converting to another coin to reduce the gas fee by withdrawing another coin on the BSC network

I don't think it's necessary to exchange it to another coin because there are many networks that are already running on ETH coins so everyone just needs to see what network can provide cheaper fees when making ETH transactions, and I think the BSC network is still very friendly for transactions