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Author Topic: Gas prices with ETH will i ever get my money back?  (Read 166 times)
lenovop-70
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December 30, 2021, 03:10:08 PM
 #21

Looking at the amount of money you are going to withdraw, it is unlikely that it will be as much as half from total I think, as we all know gas fees for ETH are expensive, let's say between $20-$80 per transaction, so sadly, I will say your money means nothing if you pull out because it is consumed by high transaction costs.
Maybe in the future there will be a new policy regarding what you are experiencing, we'll just have to wait.
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December 30, 2021, 03:56:17 PM
 #22

so its been a month and i want to pull my 50$ out of my trust wallet but clearly thats not happening with the Network fees unless i spend another 50 bucks?!!?? is there hope to get my money back one day?
You are lucky if you spend at least 1599$ gas fee. Gas dao project looking Legit amd they will airdrop to all those wallet which spend at least 1599$ gas fee.
I am not eligible for this. I spend low cost than required.









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kaya11
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December 30, 2021, 04:19:00 PM
 #23

so its been a month and i want to pull my 50$ out of my trust wallet but clearly thats not happening with the Network fees unless i spend another 50 bucks?!!?? is there hope to get my money back one day?

Too bad you need to wait for the network to decongest and lower the fees. It is frustrating and I feel you, It also happened to me and the least I can do is wait. Sad to say the coins was USDC and I was just messing and sending it to my trust wallet, but then when I want to get it back, the fees are more than what my USDC is valued so I just let it stayed for months and maybe for years if the gas fees don't go down.

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December 30, 2021, 05:21:26 PM
 #24

so its been a month and i want to pull my 50$ out of my trust wallet but clearly thats not happening with the Network fees unless i spend another 50 bucks?!!?? is there hope to get my money back one day?

Too bad you need to wait for the network to decongest and lower the fees. It is frustrating and I feel you, It also happened to me and the least I can do is wait. Sad to say the coins was USDC and I was just messing and sending it to my trust wallet, but then when I want to get it back, the fees are more than what my USDC is valued so I just let it stayed for months and maybe for years if the gas fees don't go down.
For how long will the OP gonna wait for the network to decongest? If their is the need to use some funds urgently, imagine the amount of gas fee needed for transactions equalling the amount of coin in the wallet, the cost of ethereum gas transactions has become very high and unaffordable these days, no thanks to it scalability issues, it's high time ETH developers find a lasting solution to the high cost of gas fees else new developers will shun their network and divert their projects to other cheaper and faster networks like BSC, TRON e.t.c

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December 30, 2021, 06:23:01 PM
 #25

I think this is possible in this time which Ethereum community decide to transection the Ethereum ges fee is low then compare to this time because this time many people have a Ethereum token but people cannot sell there token because they sell there token so the price of token is lower then they pay a ges fee so i advice everyone hold there token.

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December 30, 2021, 08:01:32 PM
 #26

Gas fees fluctuate most of the time the only thing is you need to keep an eye on the Gas fee. Generally, Gas fees do not remain the same for the whole day so keep checking it I hope you would get a chance to withdraw on fewer Gas fees.

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December 30, 2021, 09:23:43 PM
 #27

No way dude, except you wait for some occasions of low activities when people transact less maybe due to prolong downward trend. Regrettably, trading on Ethereum network has shifted to the rich traders. I do occasionally trade there when it's most necessary I do so, it makes no sense paying huge fees but ETH2.0 promises to deal with this.

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December 30, 2021, 09:42:10 PM
 #28

so its been a month and i want to pull my 50$ out of my trust wallet but clearly thats not happening with the Network fees unless i spend another 50 bucks?!!?? is there hope to get my money back one day?
Same question I ask everyday mate, I have alot of tokens and some NFTs I bought on uniswap and opensea respectively through Ethereum blockchain when the network fees were still very minimal, but today, I can't sell those tokens as the transaction fees on uniswap are even more than my tokens worth, neither can I even withdraw my staked NFTs as transaction fee to withdraw is over a thousand dollars worth of eth, and I will still have to pay another huge fee to sell if I managed to successfully withdraw my NFTs from the staking pool.

Ethereum network is totally broken and only the super rich can make use of it at the moment.

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December 30, 2021, 10:00:09 PM
 #29

so its been a month and i want to pull my 50$ out of my trust wallet but clearly thats not happening with the Network fees unless i spend another 50 bucks?!!?? is there hope to get my money back one day?
I can't imagine paying $50 for just a single transaction as based on my previous transactions it only just cost less than $15. But if that really happens to you, I think you don't need to move it and the last option is for you to wait until the gas fee will decrease. It is really hard to imagine how it goes like that and that to move only $50 is not worthy anymore, I'd rather save my additional $50 if that is so.
I believe this is a common issue in the market today and I hope this could get attention to Vitalik and help this thing out and make a long-term solution as earlier as possible.
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