Ledger live Ethereum Gas fee

[JamesDaniel90]

I hold Quant and it seems to be the main crypto these days that is not following Bitcoin like the rest and is pumping a lot.

£165 is now a price that has become too tempting and I want to sell a few of my Quant to then hopefully buy in a lot lower when we next have a crash.

I have just gone to send some Quant from my ledger to Binance but it is saying I do not have enough Eth to cover the network fees.

I do not own Eth, what is the easiest way of me getting some Eth on my ledger to pay for the fees?

[Charles-Tim]

The coin is an ethereum token, you need ether for it. Without sending some ether, you can not be able to send it to Binance. Ether is required as the gas fee.

[Cantsay]

I do not own Eth, what is the easiest way of me getting some Eth on my ledger to pay for the fees?

Just as @charles-Tim said you need ETH since it was built on eth blockchain.

And the only way I could think of getting Ether right now is by purchasing some, you could just get like that of $20 just to be on the safe side because Ether gas fee is kinda high.

[JamesDaniel90]

What is the cheapest way of me doing this considering I do not own any Eth?

Is my only choice to buy some Eth on Coinbase and trasnfer it to my Ledger?

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

[Charles-Tim]

What is the cheapest way of me doing this considering I do not own any Eth?

Is my only choice to buy some Eth on Coinbase and trasnfer it to my Ledger?

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

With what I have just seen, ether fee on Binance is low for now, just $0.985.

[Jating]

What is the cheapest way of me doing this considering I do not own any Eth?

Is my only choice to buy some Eth on Coinbase and trasnfer it to my Ledger?

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

Yes, you really need to get some Eth in either of the exchanges and put it to your ledger before you can send it out to Binance and sell.

You don't need to buy huge amount of Eth, just enough to keep some in your Ledger because you just don't know, maybe you will have to make another transaction with some of your altcoins in your wallet.

[fuguebtc]

What is the cheapest way of me doing this considering I do not own any Eth?

Is my only choice to buy some Eth on Coinbase and trasnfer it to my Ledger?

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

Your only option is to buy ethereum on any exchange and then transfer it to your ledger so you can transfer your tokens. Make sure you buy enough ethereum to pay the transaction fee, it's better to buy a little more because the transaction fee will always change, it's not fixed. You are talking about quant network, I think it is growing pretty well, I just checked it went up to 180. For altcoins if profitable you should sell and take profit, don't be too greedy in this bear market.

[goaldigger]

What is the cheapest way of me doing this considering I do not own any Eth?

Is my only choice to buy some Eth on Coinbase and trasnfer it to my Ledger?

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

You have your Binance account right?
If you have fund there then convert some into ETH and I think the network fee is quiet low right now, you can transact this for a $10 below fee for this or to make sure, try to see the estimated fee when you transfer your Quant to Binance. We can’t answer your last question though, you should be the one to know what to do. If you are happy with your profit now, then take some but if you think the price will continue to rise over time, then hold some.

[tabas]

What is the cheapest way of me doing this considering I do not own any Eth?

Buy it on some swap exchanges like fixedfloat.

Is my only choice to buy some Eth on Coinbase and trasnfer it to my Ledger?

As I've said, it can also be from swap exchanges that you won't have to trade that much. But if you have ETH on your Coinbase account then send it to your Ledger.

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

If  you need the money then transfer and sell it but if not, let it sit there for a while.

[Scripture]

That’s under the ETH network and the fees usually are expensive because this is their problem since then.
But looking at some site especially with Binance, it’s pretty acceptable so better to buy ETH there and transfer it to your ledger so you can transfer now your token to you Binance account and take profit. Coinbase can also be good if that is your only option, just look at the fees there. It’s ok to take profit, the market is bear it’s good to have more cash and buy again once you see the opportunity to buy cheaper.

[GreatArkansas]

(.....)
I do not own Eth, what is the easiest way of me getting some Eth on my ledger to pay for the fees?

Find an exchange that has a withdrawal fee that is free or really cheap, and try FTX exchange for it.
Make sure to read the Terms Of Conditions if you are finding such an exchange, after that buy Ethereum there and withdraw it to your ledger wallet.
You need also to consider how you will buy Ethereum, like will be using debit/credit card, converting other coins for Ethereum, etc.

[serjent05]

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

If  you need the money then transfer and sell it but if not, let it sit there for a while.

I would agree on this, if @op feels that the market of quant will surge then he can always have the option to hold, or you can sell part of your holdings in order to at least take profit then hold the other part for possible price surge in the future. 

@OP, you can always try to buy at centralized exchanges, Binance has a cheap withdrawal processing fee so you can try buying on that exchange or try what tabas suggested.

[Lagduf]

I do not own Eth, what is the easiest way of me getting some Eth on my ledger to pay for the fees?

You need at least $2 worth of ethereum in your wallet. You shall need to check this https://etherscan.io/gastracker

You can ask your friend who has owned some ethereum to send you small amounts of ethereum. You will never able to send your quant and sell it if you doens't have enough gas to cover the transaction fees for your quant. I just try to tell you the best way.

Ask your close person or friend to do that.

[asriloni]

What is the cheapest way of me doing this considering I do not own any Eth?

Is my only choice to buy some Eth on Coinbase and trasnfer it to my Ledger?

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

It's the only choice to transfer small amounts of ethereum and then send it to your ledger. You shall try to take a look at your portfolios again if your quant have been giving you huge profits and why not? if your token was not giving you decent profit and then continue to hold it.
Transferring ethereum is a must caused by once your token will be going up and you can sell your token as soon as possible. You shall at least prepare it in your wallet.

[JamesDaniel90]

Hi all thanks for the replies.

Have decided to hold Quant a little longer , I feel like it has a mind of its own at the minute and wouldn’t be surprised if it goes above £180 which is when I will sell some.

I will buy £20 worth of Eth on Binance and send over to my ledger so that I have available for when I do eventually want to sell.

[tabas]

Not sure if it is worth it may just hold Quant a while longer see if it can reach £200

If  you need the money then transfer and sell it but if not, let it sit there for a while.

I would agree on this, if @op feels that the market of quant will surge then he can always have the option to hold, or you can sell part of your holdings in order to at least take profit then hold the other part for possible price surge in the future. 

@OP, you can always try to buy at centralized exchanges, Binance has a cheap withdrawal processing fee so you can try buying on that exchange or try what tabas suggested.

Yeah, he can just prepare the Ethereum just for the fee if ever he wants to transfers. That's all he need to have so that he can transfer and sell it immediately if he want it too.
He doesn't have to rush if there's no immediate need for him to sell that. But if the circumstance permits it and he truly needs it, then he can just buy on those usual exchanges that we used to have.