New here, GAS FEES- what is the most economical way to move assets around.

[PolishBaldEagle]

Hello all, brand new to the community and ready to spend hours on this site. Newbie question and i'm sure the question haa been answered in some format. Tried searching but none fully answered my question. I was wondering what is the best way to move assets from one exchange or a wallet to another without paying exuberant gas fees. Currently, what I've been doing is selling an ERC20 token to a stable coin and then buying XLM to send to a different wallet/exchange since the fees are low. Although, I also found that I can send USDT using the TRC20 blockchain, but then idk what exchange/wallet also accepts TRC20.

Thoughts?

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

EDIT: looking to obtain RVP (not a typo) but can only find using uniswap. ok cool, but that gas fee is more than im willing to pay for. any help here?

[mk4]

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

There's no one universal answer to this; the answer will totally depend on what networks are available on the exchange your using.

EDIT: looking to obtain RVP (not a typo) but can only find using uniswap. ok cool, but that gas fee is more than im willing to pay for. any help here?

You're out of luck. Looking at it's trading pairs on CoinGecko[1], UniSwap is the only viable solution. Unless you find someone online that's willing to sell you RVP in exchange for your low-fee coins, which is unlikely, and you're likely to just find scammers.

[1] https://www.coingecko.com/en/coins/revolution-populi#markets

[PolishBaldEagle]

Thanks,

I did notice RVP is on some exchange called Bilaxy. Maybe ill move some assets over there or deposit funds and purchase that way... idk... i dont like joining a new exchange just for one alt coin though

[adaseb]

My advice to you is to go to etherscan and observe the fees there and only do transactions when fees are low. Lately the fees have been reasonable. It was possible earlier this week to send an ETH transaction for $3 and a ERC20 transfer for $10.

The best time typically is during the weekend, usually on Saturdays or early Sunday’s. There is usually low liquidity those days so many Defi are not traded and hence the lower prices.

[mk4]

Thanks,

I did notice RVP is on some exchange called Bilaxy. Maybe ill move some assets over there or deposit funds and purchase that way... idk... i dont like joining a new exchange just for one alt coin though

It says it's 24hr volume is only $3,914. You'll probably just end up buying at a really really bad spread/price. It also says on CoinGecko that Bilaxy got hacked last year. So, yea.

My advice to you is to go to etherscan and observe the fees there and only do transactions when fees are low. Lately the fees have been reasonable. It was possible earlier this week to send an ETH transaction for $3 and a ERC20 transfer for $10.

The best time typically is during the weekend, usually on Saturdays or early Sunday’s. There is usually low liquidity those days so many Defi are not traded and hence the lower prices.

Swaps tend to be far more expensive than just merely sending ETH/ERC20s. Swaps are averaging at around $60 right now.

[Maus0728]

I did notice RVP is on some exchange called Bilaxy. Maybe ill move some assets over there or deposit funds and purchase that way... idk... i dont like joining a new exchange just for one alt coin though

Be very careful on choosing an exchange. Using a simple web search, Bilaxy had some serious hacking issues.
- Bilaxy exchange's hotwallet hacked, website offline
- Bilaxy Hacked for 450M

Also, if your goal is to avoid paying high transaction fees, the only solution I can think of is to use other existing blockchain networks like SOLANA^[1] or use a layer 2 solution like POLYGON or MATIC^[2]
- https://solana.com/
- https://polygon.technology/

[ice18]

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

Unfortunately theres no other way than to spend recommended fees, you have to accept it, if you don't want then don't buy any erc20 assets for now its totally pain in the ass to use this network, swap, transfer, withdraw, deposit all of this transactions need huge eth gas fees inorder to move your transactions.   

[electronicash]

My advice to you is to go to etherscan and observe the fees there and only do transactions when fees are low. Lately the fees have been reasonable. It was possible earlier this week to send an ETH transaction for $3 and a ERC20 transfer for $10.

The best time typically is during the weekend, usually on Saturdays or early Sunday’s. There is usually low liquidity those days so many Defi are not traded and hence the lower prices.

now that's good advice. $10 fee is already cheap for me than having to pay $45 per transaction. $3 is more than a bargain. crypto market is supposed to be running 247 but has low traders sleep at weekends thus the network slows down.

i have heard they are never really going to fix this issue with ETH. I've seen an article that they halted the ETH2 deployment. forget ERC20 and use LN, it's the best way today to move assets with just cents for the fees.

[Ararbermas]

Hello all, brand new to the community and ready to spend hours on this site. Newbie question and i'm sure the question haa been answered in some format. Tried searching but none fully answered my question. I was wondering what is the best way to move assets from one exchange or a wallet to another without paying exuberant gas fees. Currently, what I've been doing is selling an ERC20 token to a stable coin and then buying XLM to send to a different wallet/exchange since the fees are low. Although, I also found that I can send USDT using the TRC20 blockchain, but then idk what exchange/wallet also accepts TRC20.

Thoughts?

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

EDIT: looking to obtain RVP (not a typo) but can only find using uniswap. ok cool, but that gas fee is more than im willing to pay for. any help here?

gas fees nowadays is really not fair when it comes ERC20 wherein even you converted it to stable coins probably still the same. my suggestion here is to search some tutorial how you can convert your erc20 to Bcs network. Because to be honest there are some bypass nowadays and tried it using my metamask wallet but it was a wrong send token( BEP20) token to erc20 and i used swap sites also for it after making changes in my wallet and it was totally legit. Just imagine instead of $65 i spent cents only for converting my token . So maybe there are some bypass when it comes erc20 token as well. just keep making research..

[PolishBaldEagle]

I did notice RVP is on some exchange called Bilaxy. Maybe ill move some assets over there or deposit funds and purchase that way... idk... i dont like joining a new exchange just for one alt coin though

Be very careful on choosing an exchange. Using a simple web search, Bilaxy had some serious hacking issues.
- Bilaxy exchange's hotwallet hacked, website offline
- Bilaxy Hacked for 450M

Also, if your goal is to avoid paying high transaction fees, the only solution I can think of is to use other existing blockchain networks like SOLANA^[1] or use a layer 2 solution like POLYGON or MATIC^[2]
- https://solana.com/
- https://polygon.technology/

Yes, have been using the polygon network, but wondering if there is a way to bring an asset over to ERC20. For example, selling my ERGO for USDT on the polygon network and using the USDT to buy an ERC20 asset. Don’t wanna use polygon bridge either.

[mk4]

Also, if your goal is to avoid paying high transaction fees, the only solution I can think of is to use other existing blockchain networks like SOLANA^[1] or use a layer 2 solution like POLYGON or MATIC^[2]
- https://solana.com/
- https://polygon.technology/

This would work only if this RVP thing OP wanted to buy was available on Solana or Polygon in the first place, but it's not. There's even zero liquidity on other DEXs besides UniSwap lol.

[kaya11]

Depends on the network you will be trying to use, don't just do random stuffs or you might regret it later. I have learned a lot, I have made mistakes, tweaking gas fees, exploring and never asked any questions about them. The sad thing is, some of my coins are lost, also I have multiple failures of sending transactions burning my gas fees. I also have a trick when withdrawing my coins and convert them to cash, For example I use XRP to transfer my funds because in Binance they only require you to pay 1 xrp. Compare it to other like eth, it would so much difference. So the real advice is learn a lot and don't be lazy reading especially the rules of the network.

[TelolettOm]

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

If it is specifically about ERC20 tokens, no way for that. The fees are always so damn high to send between exchanges or even from one wallet to another wallet.
Except that the ERC20 tokens are also available in some other networks to send.
For example, the exchange is available with the BEP20 or BSC network, we can use this network only if the addressed exchange is also available with the BSC or BEP20 network. If it is not available, even t is similar with 0x..... , it is different and our tokens may be lost.
But, if there is no options for other networks, the only way is by converting to other tokens or coins that have lower fees.
I commonly use XLM, XRP, TRX.
But if you send the ERC20 tokens from wallet to other wallets or to exchange, so, there is no way to do that because the fee will be high, following the current gas fee rate of the Ethereum network.

[AmoreJaz]

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

If it is specifically about ERC20 tokens, no way for that. The fees are always so damn high to send between exchanges or even from one wallet to another wallet.
Except that the ERC20 tokens are also available in some other networks to send.
For example, the exchange is available with the BEP20 or BSC network, we can use this network only if the addressed exchange is also available with the BSC or BEP20 network. If it is not available, even t is similar with 0x..... , it is different and our tokens may be lost.
But, if there is no options for other networks, the only way is by converting to other tokens or coins that have lower fees.
I commonly use XLM, XRP, TRX.
But if you send the ERC20 tokens from wallet to other wallets or to exchange, so, there is no way to do that because the fee will be high, following the current gas fee rate of the Ethereum network.

since the OP is talking about ERC20 token itself and RVP is an ERC20 token, his option for exchange is only UNI or Bilaxy. now, for the transfer fees, the only way to lessen his gas fees is to transfer while the network is at least not busy, he can check this site - https://etherscan.io/gastracker, every once in a while and compare the fees. you can't do anything about the expensive fees in eth network. you can only use SOL or BSC if the token is available in those chains, but if not, you have no choice but to use the ETH network.

[Fivestar4everMVP]

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

There is no other way that you don't know of mate, transacting on Ethereum blockchain currently cost alot of gas fees and don't even try trading erc20 tokens on uniswap cus the fees are even higher than it cost to transfer tokens from wallet to wallet, if you are going to be trading erc20 tokens, it is best you do so on centralized exchanges, and whenever you want to withdraw, it is best you withdraw through binance smart chain, TRX or any other chain with lower fees to avoid paying the exorbitant withdrawal fees from the exchage.

[dunfida]

TL;DR What's the best way to move an ERC 20 asset from one place to another without paying crazy gas fees?

If it is specifically about ERC20 tokens, no way for that. The fees are always so damn high to send between exchanges or even from one wallet to another wallet.
Except that the ERC20 tokens are also available in some other networks to send.
For example, the exchange is available with the BEP20 or BSC network, we can use this network only if the addressed exchange is also available with the BSC or BEP20 network. If it is not available, even t is similar with 0x..... , it is different and our tokens may be lost.
But, if there is no options for other networks, the only way is by converting to other tokens or coins that have lower fees.
I commonly use XLM, XRP, TRX.
But if you send the ERC20 tokens from wallet to other wallets or to exchange, so, there is no way to do that because the fee will be high, following the current gas fee rate of the Ethereum network.

since the OP is talking about ERC20 token itself and RVP is an ERC20 token, his option for exchange is only UNI or Bilaxy. now, for the transfer fees, the only way to lessen his gas fees is to transfer while the network is at least not busy, he can check this site - https://etherscan.io/gastracker, every once in a while and compare the fees. you can't do anything about the expensive fees in eth network. you can only use SOL or BSC if the token is available in those chains, but if not, you have no choice but to use the ETH network.

There would be no other way since it is only available on RVP/WETH pair which means he would need to have that erc20 transaction before he could proceed on swapping it on others or simply with stable coin.

I do suggest on the same thing on watching or monitoring gas fees yet there are times which it could be low where you could really make out some transactions with reasonable fees.
https://ycharts.com/indicators/ethereum_average_gas_price
https://ethgas.watch/

Check it out always when you are tending to make out some transactions.

[nelson4lov]

I did notice RVP is on some exchange called Bilaxy. Maybe ill move some assets over there or deposit funds and purchase that way... idk... i dont like joining a new exchange just for one alt coin though

Be very careful on choosing an exchange. Using a simple web search, Bilaxy had some serious hacking issues.
- Bilaxy exchange's hotwallet hacked, website offline
- Bilaxy Hacked for 450M

Also, if your goal is to avoid paying high transaction fees, the only solution I can think of is to use other existing blockchain networks like SOLANA^[1] or use a layer 2 solution like POLYGON or MATIC^[2]
- https://solana.com/
- https://polygon.technology/

The best way to escape the exorbitant gas fees on Ethereum is to completely avoid the chain - it's clear that until 2.0 comes with the full release, we will have to deal with high gas prices. Workaround for me has been using TRC20 whenever I want to move USDT. For other coins, I focus on other L1 networks and from time to time, I utilize either solana or NEAR protocol.

There's an L2 on NEAR that is currently gasless and has EVM support for ETH. You just have to bridge assets.

[jerry0]

What is the price range to move ETH coins right now at the moment?  Someone had told me a while back to just sell my ETH coin from binance because even if I download wallet for it or found a place to store it... when I need to move it... I have to pay ETH fees.  But the fees back then I recall was around 50 dollars.  Is that still the same right now?

[Maus0728]

@jerry0

If you are talking about transferring your asset from your ETH wallet to Binance, then the recommended base fee is about 0.006 ETH or $18.00^[1] per transfer as of this writing. If you are asking about the withdrawal fee in Binance, for ERC-20 transfer, it can cost you a fixed 0.00625 ETH per transaction^[2].

[1] https://bitinfocharts.com/comparison/ethereum-transactionfees.html#6m
[2] https://www.binance.com/en/fee/cryptoFee