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Author Topic: Lowest withdrawal fee for ETH?  (Read 408 times)
poodle63
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February 18, 2022, 11:29:40 PM
 #41

as you can see the most effective way is using FTX as a centralized exchange that allows discounted fee in ETH platform, there’s definitely no other way around that could helps you in avoiding the sky high fees.
if you think your asset isn’t much you should just avoid ethereum altogether, BSC and any similar platforms that are second layer of ETH are made solely for this purpose alone.
the recent news of twitter allowing tipping in their platform using ETH also carries controversy because of this reason, the ridiculous fee required, make a lot of things related with ETH seems becoming rather pointless and kinda useless since it’s gonna be eating up quite the amount of your assets.

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bhooscream
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February 18, 2022, 11:52:54 PM
 #42

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16,
The best way is to wait for the gas fee a bit cheap. Your coin is USDT, you don't need to worry about the price, it is a stable coin. What you need is to buy ETH at a cheap price. Because we seem to have a decline phase in the next few days, it is your chance to buy ETH. Then, you can send it to your MEW. or if you need urgent fresh money, you just force to send ETH to your MEW now. We don't know when the gas to be cheap enough.
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February 27, 2022, 06:31:23 PM
 #43

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16,
The best way is to wait for the gas fee a bit cheap. Your coin is USDT, you don't need to worry about the price, it is a stable coin. What you need is to buy ETH at a cheap price. Because we seem to have a decline phase in the next few days, it is your chance to buy ETH. Then, you can send it to your MEW. or if you need urgent fresh money, you just force to send ETH to your MEW now. We don't know when the gas to be cheap enough.


This is great advice, honestly for now that ETH is not at its maximum price, you should buy it and send it to your MEW, however it is the best advice so far, 15 or 16usd may sound like a high fee, but until If the rates do not drop, it is not possible that you can make new turns, if the price of ETH rises as BTC rises, it will be more difficult to pay the corresponding gas, although currently I prefer to use Metamask instead of mew, it seems to me that it is safe and that in the same way you can make your tokens available or in this case the usdt.

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February 27, 2022, 06:41:14 PM
 #44

I have USDT worth $100 in myetherwallet but i don't have enought ETH for gas and now the gas is costing approx between $5 to $15 as it's dynamic but if i have to transfer the ETH from my CEX wallet it's costing me around $10 to $16,
The best way is to wait for the gas fee a bit cheap. Your coin is USDT, you don't need to worry about the price, it is a stable coin. What you need is to buy ETH at a cheap price. Because we seem to have a decline phase in the next few days, it is your chance to buy ETH. Then, you can send it to your MEW. or if you need urgent fresh money, you just force to send ETH to your MEW now. We don't know when the gas to be cheap enough.


This is great advice, honestly for now that ETH is not at its maximum price, you should buy it and send it to your MEW, however it is the best advice so far, 15 or 16usd may sound like a high fee, but until If the rates do not drop, it is not possible that you can make new turns, if the price of ETH rises as BTC rises, it will be more difficult to pay the corresponding gas, although currently I prefer to use Metamask instead of mew, it seems to me that it is safe and that in the same way you can make your tokens available or in this case the usdt.

I think 15 to 16$ eth fund is more enough right now for sending erc20 coin trough have lower gas fees transaction now, but is not stable with 15$ fund enough because eth gas fees always change day by day or some time hour by hour. I think if you try to send your erc20 coin to exchange market right now is good time for doing it and you can buy ETH on FTX exchange, deposit your USDT or another altcoin like trx, xrp or xlm and later convert on balance menu and choose which one coin do you have to convert with ETH, last withdraw eth coin to your metamask wallet address.

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February 27, 2022, 07:41:34 PM
 #45

According to my observations, the best day for cheap transactions is Sunday evening, right now, for example, a transaction costs around $ 7, which is quite good compared to what it was quite recently.But it is also not right to wait for the moment to send.And as many say in this topic, ftx is still the best option.

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February 27, 2022, 09:23:28 PM
 #46

This is the worst feature of ERC20. Unfortunately, there is not much you can do about it, the fee you will pay for gas is always very high. Sometimes it drops a little, if you are constantly at the computer, you can send it at a lower cost if you constantly follow it. But in any case, you will have to pay a lot of money.
If the amount you want to transfer is not very important to you, you can consider it as a long-term investment. If you wait a few years instead of sending it now, you may have a chance to sell it for a much higher price, it will be very profitable for you Smiley

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February 27, 2022, 10:33:04 PM
 #47

*SNIP*

Unfortunately, this solution is not good as the OP keeps its USDT in MEW. It is in order to send USDT to CEX that he needs to cover the ETH fee.

I'm afraid there are only two options. Either cover the cost of the ETH transfer fee to MEW and then fee of transfer USDT, or just wait until the fee costs drop. The good thing is that USDT price is fixed, so you won't be at a loss due to the eventual price drop.

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