Strategies to save money on ETH gas fees?

[Abiky]

Whenever the ETH blockchain is heavily congested (which is most of the time) gas fees soar towards ridiculously high levels, making the whole network completely unusable by the average Joe. Right now gas fees have declined like crazy due to decreased on-chain activity. But the benefits won't last for long (especially during a bull market). I'm aware that you can save money on ETH gas fees with off-chain scaling solutions like Optimism and zk-sync, but not every project/Dapp support them. The main chain is what it's all about.

That said, I'd like to know what strategy you're following (besides using an off-chain scaling solution) in order to save as much money from gas fees as possible. Any help, suggestions, and/or recommendations will be greatly appreciated. Thanks in advance.

[Abiky]

Bump

[cryptoaddictchie]

That said, I'd like to know what strategy you're following (besides using an off-chain scaling solution) in order to save as much money from gas fees as possible. Any help, suggestions, and/or recommendations will be greatly appreciated. Thanks in advance.

Using eth is really a pain in the ass due to fee. But right now, its much more cheaper compared before that its really 5x of payment. I think the only way is to find a perfect timing when to use the network or when its not congested to have a small fee when doing transactions. Or else, use another L1 that has very low fee like matic, polygon, or avalanche.

[Yogee]

Abandon it completely hehe. If you can't then there's really no other way to save on on-chain fees than to wait for less congestion in the network. I'd rather avoid using Ethereum unless it's an emergency. There are plenty of chains to choose from and there's an increasing number of chain interoperability implementation.

[Adbitco]

This is really crazy 🤣 I have not initiated transaction since the increment of ETH gas fee, though before it went so badly I tried converted some of currency on Ethereum blockchain to Binance Smart Chain since is the cheapest easiest to used.
You can as well monitor the ether gas station https://ethgasstation.info/ to know when is cheaper to use for transactions.

[zasad@]

Whenever the ETH blockchain is heavily congested (which is most of the time) gas fees soar towards ridiculously high levels, making the whole network completely unusable by the average Joe. Right now gas fees have declined like crazy due to decreased on-chain activity. But the benefits won't last for long (especially during a bull market). I'm aware that you can save money on ETH gas fees with off-chain scaling solutions like Optimism and zk-sync, but not every project/Dapp support them. The main chain is what it's all about.

That said, I'd like to know what strategy you're following (besides using an off-chain scaling solution) in order to save as much money from gas fees as possible. Any help, suggestions, and/or recommendations will be greatly appreciated. Thanks in advance.

1. Transfer your coins and tokens to other ecosystems, such as L2 solutions with low fees
Cross-chain Bridge Aggregators
https://bitcointalk.org/index.php?topic=5389259

2.https://blog.1inch.io/the-1inch-foundation-extends-the-gas-refund-program-c4b1f1970468
The 1inch Foundation extends the gas refund program

[lobo13hf]

Even using L2 was not even a solution if your asset needs to be bridged. in my opinion if there's no way for you to avoid the fees. The fees was just permanent. it can't even be avoided. You can imagine to swap or bridging your asset. you need to pay a high fees as well. The only way if you shall use ethereum blockchain when you wanna send ethereum. this is a little bit cheaper compared with using altcoin for the transaction purpose.

[cheezcarls]

The hard reality nowadays is that there’s no perfect strategy for us to save money on ETH gas fees. Even if you set it to low, there’s a good chance that it will fail or forcing you to add additional gas fees for it to be confirmed by the blockchain. Although that the ETH gas fees right now are a bit better than before, but still it’s subject to market congestion that would force us to pay higher fees later on without warning.

[tvplus006]

...The main chain is what it's all about...

I have noticed for a long time that the cost of gas on weekends and holidays on the Ethereum network is much lower than on working days. Accordingly, if you have a non-urgent job related to swap and transfer in this network, then it can be postponed to these days.

[dimonstration]

There's no alternative solution on this except monitoring the ETH gas regularly or schedule your future transaction in advance so that you can have flexible time to timing your transaction with low gas fee. Other different side chain solution is just possible if the dapp you are using supports but that's always not case on ETH since you will still need to do on-chain transaction for P2P transaction nd other activities on ETH.

This is the consequence for the over valuation of the ETH tokens. This is only minor for those early investors but very expensive on new user on ETH chain. Honestly why still use ETH blockchain?

[joeperry]

No strategies but you can use other chain such as BSC or Polygon. I think using only other alternative is the good option for this to save money in gas fees I actually not been using ETH for a long time most of my transactions are in other chains. So there you have it even other user here are doing the same thing, using other alternative is the best option you have.

[Uang_kartal]

what is your goal for participation in Dapps and its other financial staking services?

what friends have said above in terms of transactions, as for the selected block chain or from several layers of foster children from ethereum, there are also those that impress some people. Enjoy the habit of using it regularly.
I realize that the erc 20 network is indeed quite high quality and sometimes I also feel the same as you and feel limited about transactions, limits and fees.
I also think the density of the transaction queue is not just buying and selling, but the need for pawning in smart contracts.

I mostly use eth just to test and have fun in certain dapps or exchanges.
have you tried the sensation fee with arbitrum?

[jrrsparkles]

This may sound like stupid idea but this is the reality, just move the coin and tokens where it has to be like to exchanges if have the intention of trading or move to the wallet for holding. I won't suggest ETH to use as medium of exchange, we have lot of other coins even Bitcoin is always cheaper to transact so convert ETH into BTC so we can use it to buy something or to send it to someone else as a payment or anything else.

[MAAManda]

Abandon it completely hehe. If you can't then there's really no other way to save on on-chain fees than to wait for less congestion in the network. I'd rather avoid using Ethereum unless it's an emergency. There are plenty of chains to choose from and there's an increasing number of chain interoperability implementation.

Totally agree with your statement, there's nothing we can do but wait for gas costs to drop, and it's true, gas declines usually occur when the market is bearish. Maybe once ETH 2.0 is fully rolled out, we'll be able to see gas costs much lower than they are today. For now, instead of using Ethereum, I prefer to use BSC.

Why not use FTX to make ETH transfers? they ease every token delivery, for example BTC and ETH, even for other networks, they make it free.

[ItsCrafty]

Etherium fee is also big issue and many users leave this Blockchain because of High fee. Team should look to solve this issue. Now fee is very low but tokens price are also very low. Only we can send token in to exchange but sell will not give us any profit.

[naira]

Eth gas is always unfriendly when we have the interest to withdraw or ship. Unless there's enough profit, I'll take a certain amount of time to wait for the gas to drop. Although to be honest I don't interact with the Eth network coins very often.

For example: when I need a small amount of gas to make one delivery, then first deposit BNB to FTX, Convert to ETH, and send to Ethereum address the amount required for send.

[Rengga Jati]

When the gas fees on the Ethereum network is increasing highly, we have no choice again.
I often delay or cancel transactions and prefer another time where the transactions on the blockchain are not too high. So usually the fee will go down a little. However, of course, would not expect much. And if this continues to happen while if we force the transfer the costs are very high, wait for times like now when it is bearish because the gas fee for this network is commonly more affordable 
But once more, if this is too long waiting, just count on how much fees to spend and how much we can get, if that is still  profitable I commonly will continue the transaction. 

[Rufsilf]

I haven't seen any other option that could help us lessen the cost of transactions when using ETH. If ever there is but that is not the thing we think BIG difference as it only happens when there is a decrease of trx fees in the network. This problem has been evolving for many years and quiet to hear no action has been taken by Mr. Butterin. That is why I'd never use ETH instead of using another coin to send my fund to my personal wallet.
Honestly, it was hopeless to see the ETH gas fee will decrease, I've been actually expecting this during the bear season but sadly, there are no changes on it.

[hd49728]

When gas fee on Ethereum network is high and too expensive, I only wait for its reduction. Usually, it will drop after several months. It is my strategy when I don't actually need to move or sell my Ethereum or ERC20 tokens.

It is not applicable if I need to sell Ethereum or ERC20 tokens as soon as possible when price soars a lot. Therefore, I can not wait weeks or months and have to accept higher transaction fee. However, even so I can wait weekend to move it with a litle lower transaction fee.

[danherbias07]

Abandon it completely hehe. If you can't then there's really no other way to save on on-chain fees than to wait for less congestion in the network. I'd rather avoid using Ethereum unless it's an emergency. There are plenty of chains to choose from and there's an increasing number of chain interoperability implementation.

Funny thing is, you are right. This is what I did. Abandoned it.
The last time I used Ethereum for transactions was with Gala coins. It cost me over $30 for sending to the Gala then do the transaction in their application which cost a lot and finally, sends back what's left to my Ethereum wallet.
After that, I avoided any transactions that has to do with ERC20. Just stayed with the projects that are using BSC instead for cheaper fees, or XRP if I want to send money to someone else.