High gas fee for sending token is still a problem

[TelolettOm]

Once you concentrate on conducting transactions on Ethereum network at some points, the gas fees keeps getting higher and higher. It is better to look for tokens investments either on layer 2 Ethereum or any other Blockchain which offers low gas fees.

Indeed. For people who are disappointed with the high fees on Ethereum network, there are many other tokens that offer cheap transfer fees. Tron (TRX) and Polygon (MATIC) have very cheap transfer fees, they are also trusted altcoins. These altcoins are perfect to be the options, there will be no more issues about high transfer fees.

This has been a complaint for many people for a long time, therefore most of the bounty hunters and project managers currently prefer the BSC Bep20 Token over ERC20 because one of the main factors is the high cost of gas and this is of course a matter of consideration.

True. The problem of expensive fees on Ethereum network was already discussed since last year. It is not a new issue, everyone understands it very well. That's why some people prefer to choose Binance, Polygon, or Tron for the solution. Although Ethereum already made some improvement, the transfer fees are still not really affordable anymore. Well, bounty hunters and bounty managers prefer to choose BSC or Binance chain now.

[shinratensei_]

I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

This has been a complaint for many people for a long time, therefore most of the bounty hunters and project managers currently prefer the BSC Bep20 Token over ERC20 because one of the main factors is the high cost of gas and this is of course a matter of consideration.

i don't think thats the truth honestly, token that are gonna be deployed in bsc usually already pre planned to be deployed in bsc.
meanwhile token that are gonna be in erc20 still regardless of the fee required will still stays using erc20. the thing is that there is some certain fundamental differences between the two ecosystem.
you could easily see that many recent airdrops are using Ethereum blockchain regardless of the fee required and the funny thing is that, many people are still following it anyway.
just prove that the fee might not be of concern for these airdrops and new projects in general.

[Bobrox]

Current my transaction few days later when claiming coins with ERC20 network, spent almost $20 with $8 fees for claiming and left $2 for sending coins, in my wallet still left 10$ and I filled huge amount for protecting with gas transaction up and down drastically. ERC20 network have higher gas fees for transaction, we need spent more than fees to anticipation if transaction failed and we still have enough fund for sending coins.

Today have many option for lower fees transaction because all network have tried with lower fees from Solana, Matic, and BSC, but many coins dominance by using ERC20 network and we need have much fees for sending than other network needed under $1 will be success sent coin or claiming coins from pre sale.

[Abiky]

Current my transaction few days later when claiming coins with ERC20 network, spent almost $20 with $8 fees for claiming and left $2 for sending coins, in my wallet still left 10$ and I filled huge amount for protecting with gas transaction up and down drastically. ERC20 network have higher gas fees for transaction, we need spent more than fees to anticipation if transaction failed and we still have enough fund for sending coins.

Today have many option for lower fees transaction because all network have tried with lower fees from Solana, Matic, and BSC, but many coins dominance by using ERC20 network and we need have much fees for sending than other network needed under $1 will be success sent coin or claiming coins from pre sale.

Fees are insanely-high. An ordinary person won't be able to interact with the ETH blockchain on a daily basis. Only whales and the wealthy will. Luckily, not all hope is lost since developers are planning to introduce a series of network upgrades aimed to improve scalability. The first step towards the reduction of on-chain gas fees would be to implement Sharding. With upgrades such as Proto-Danksharding and Danksharding, ETH will become bigger and better than ever.

In the meantime, we have no other choice than wait until gas fees decline, use an off-chain scaling solution such as Arbitrum or Optimism (L2), or simply move to an alternative Blockchain network. Who knows what ETH's future will look like? Just my thoughts

[Hildentine]

Yes i agree for this alot of token if you want to send so you pay first high amount fee its a very big problem specially which token are Erc chain they are also need a high fees ..

[Kemarit]

Current my transaction few days later when claiming coins with ERC20 network, spent almost $20 with $8 fees for claiming and left $2 for sending coins, in my wallet still left 10$ and I filled huge amount for protecting with gas transaction up and down drastically. ERC20 network have higher gas fees for transaction, we need spent more than fees to anticipation if transaction failed and we still have enough fund for sending coins.

Today have many option for lower fees transaction because all network have tried with lower fees from Solana, Matic, and BSC, but many coins dominance by using ERC20 network and we need have much fees for sending than other network needed under $1 will be success sent coin or claiming coins from pre sale.

Fees are insanely-high. An ordinary person won't be able to interact with the ETH blockchain on a daily basis. Only whales and the wealthy will. Luckily, not all hope is lost since developers are planning to introduce a series of network upgrades aimed to improve scalability. The first step towards the reduction of on-chain gas fees would be to implement Sharding. With upgrades such as Proto-Danksharding and Danksharding, ETH will become bigger and better than ever.

Yes, I still remember back then when ETH was one of the cheapest and fastest coin as compare to BTC. But there has been a lot of changes and still up to this day, they haven't resolved the huge gas fees that their holders are experiencing or complaining although they have move their fundamentals.

In the meantime, we have no other choice than wait until gas fees decline, use an off-chain scaling solution such as Arbitrum or Optimism (L2), or simply move to an alternative Blockchain network. Who knows what ETH's future will look like? Just my thoughts

There are a lot of alternatives already, maybe some of us are using it, not not yet moving to off-chain scaling. It doesn't mean though that Ethereum will be affected, as we can see still the second coin as per market cap. But at least for us, we have a options now that we can used and there could be competition again in the future as new projects will come up with cheaper gas transaction alternatives.

[Adreman23]

I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

Perhaps the gas fees on the Ethereum network will increase further during a bull run because the price of ETH will likely rise, and the network may become congested due to the high volume of transactions. It would be wise to prepare and have enough gas for the bull run while the price of ETH is still low.

[JeffBrad12]

I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

Perhaps the gas fees on the Ethereum network will increase further during a bull run because the price of ETH will likely rise, and the network may become congested due to the high volume of transactions. It would be wise to prepare and have enough gas for the bull run while the price of ETH is still low.

the thing with gas fee is that there is still no way to keep it low, even without bullrun its already high because ethereum have high enough price, a measly 10 gwei already costs more than $10, i think its because ethereum was made with mindset that the supply is so many that they think having gas fee system like that might suffice but turns out each ethereum was priced really high.
it will get even worse when the value of ethereum kept increasing even if the traffic isn't congested the fee will be massive regardless.
thats the thing with ethereum, and thats why L2 are so popular right now.

[wheelz1200]

I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

I mean if you don't want to deal with it or see too much risk in those gas fees then bail out sooner than later and put it into a coin with its own blockchain or into platforms with much lower fees, like polygon.  I tend to steer clear myself because if you only own a low amount it cost more to send than what you would receive back.

[Cryptomultiplier]

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Bitget Fees
1. Trading Fees
Spot market
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Futures
Bitget Charges a standard trading fee of 0.02% from makers and 0.06% from takers in future trading.

Using BFT, the native Bitget token, to make payments will reduce transaction fees by 30% (find out all about Bitget fees here.)

2. Withdrawal Fees
A BitGet withdrawal’s cost varies depending on the asset, the network’s condition at the time, and other factors. Bitget does not support fiat withdrawals as of now.

For example, the fee for withdrawing Bitcoins is 0.0005 bitcoin per withdrawal. For ETH withdrawals, you pay 0.005 ETH.

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Depositing cryptocurrency to your Bitget accounts is free of charge. For instance, if you use an over-the-counter (OTC) service, you can buy USDT with Chinese Yuan (CNY) through Alipay Bank Transfer. But there is a variable fee when making purchases through third-party payment merchants.

Deposit Methods
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https://coin-labs.com/en/guide/bitget/

Has anyone even considered the possibility of switching exchanges to see which of the charges or fees are better?
I was going through a post and learnt of the centralized exchange Bitget, which originated from Singapore and used in China, US, Canada and some other countries.
From my findings,(this link ain't the first research link I have visited before now) it's quite understandable and might be a competition or more of a solution to the issues of high fees.

Am not so sure how it functions but it shouldn't be any different from Binance operations. I had to share if anyone finds this useful.

[Blitzboy]

Current my transaction few days later when claiming coins with ERC20 network, spent almost $20 with $8 fees for claiming and left $2 for sending coins, in my wallet still left 10$ and I filled huge amount for protecting with gas transaction up and down drastically. ERC20 network have higher gas fees for transaction, we need spent more than fees to anticipation if transaction failed and we still have enough fund for sending coins.

Today have many option for lower fees transaction because all network have tried with lower fees from Solana, Matic, and BSC, but many coins dominance by using ERC20 network and we need have much fees for sending than other network needed under $1 will be success sent coin or claiming coins from pre sale.

Fees are insanely-high. An ordinary person won't be able to interact with the ETH blockchain on a daily basis. Only whales and the wealthy will. Luckily, not all hope is lost since developers are planning to introduce a series of network upgrades aimed to improve scalability. The first step towards the reduction of on-chain gas fees would be to implement Sharding. With upgrades such as Proto-Danksharding and Danksharding, ETH will become bigger and better than ever.

In the meantime, we have no other choice than wait until gas fees decline, use an off-chain scaling solution such as Arbitrum or Optimism (L2), or simply move to an alternative Blockchain network. Who knows what ETH's future will look like? Just my thoughts

Sharding, Proto-Danksharding, and Danksharding sound like an alien language, right? But they're our saving grace here. They're the upgrades that will ensure your ETH experience is more like a ride in a fancy convertible than a rickety old bus.

In the meantime, while we're waiting for ETH's glow-up, its worth considering some plan Bs. L2 solutions like Arbitrum and Optimism or alternative Blockchain networks can be good fallback options.

I can't help but chuckle thinking about how much "dank" this whole situation has, but remember, Rome wasnt built in a day. ETH's future is like a suspense novel - cant wait to turn the page!

[dlightag]

These Ethereum gas fee make me not invest in alt-coin early stage of Bull Run in last market and has been a Big lost not to invest in Shiba Inu coin at early stage, after doing my research, I want to buy Shiba Inu coin worth of $50 and gas fee's was barrier to me, because only gas fee charge was $80 as of then, while buying a coin worth of $50, which is total $130 and I could not buy, which I later regret, when Shiba Inu was established and the same quantity I want to buy pump to $300,000 or more than that. Since then any alt-coins I want to buy, I go ahead without making a second mistake.

[Cryptozaika]

Ethereum blockchain continue to have any problems with big transactions fees. A lot of people use Ethereum blockchain and there is a big competition between users that is why transactions fees are so high.

[Heulahee]

Yesterday, when I was sending one of the coins from my trust wallet to Mexc exchange, which was in the ERC-20 chain, took me around 8$ just to send, which is so huge. But I have noticed one thing, happen to me. Whenever I send something at night in the ERC-20 chain it cost me high as compared to sending at day time.

[Roma66]

It's not good Ethereum gas fee high now.Ether chain used people next time didn't interested used this chain.I hope this problem solve soon.Small amount token didn't sent this network because highly gas fee.It's problem some days I noticed this.Ether chain network busy now. Transfer big problem now.I didn't sent ether chain my token,This is big fee for now.i wait when gas fee low.

[abel1337]

Yesterday, when I was sending one of the coins from my trust wallet to Mexc exchange, which was in the ERC-20 chain, took me around 8$ just to send, which is so huge. But I have noticed one thing, happen to me. Whenever I send something at night in the ERC-20 chain it cost me high as compared to sending at day time.

Gas fee flactuates depending on the activity of the blockchain, it is applicable to major blockchains in crypto. A high gas fee is because of network congestions. Being on a night or day doesn't matter since on gas prices since transactions are always active. A massive number of people transacting on a single time frame can increase the gas fee. One example of this is when there's a obvious movement on the market where people are rushing to make a transaction to either make a profit or save themselves from losing a capital.

[Cling18]

It's not good Ethereum gas fee high now.Ether chain used people next time didn't interested used this chain.I hope this problem solve soon.Small amount token didn't sent this network because highly gas fee.It's problem some days I noticed this.Ether chain network busy now. Transfer big problem now.I didn't sent ether chain my token,This is big fee for now.i wait when gas fee low.

They have been saying that they will have developments regarding this in the future but it's been years and their users still got the same struggle. This is why most users are now switching to other network which I think is also a good idea for them to be able to trade smaller coins with lower fees.
If Ether would still have the same issue, more users will surely choose to trade with other networks to save gas fees. We know the convenience that Ether could provide but we also want to save huge funds from gas fees. I know that they are already noticing this problem but wondering why they are having a hard time fixing this.

[Nazmul012]

I think high fee issue is the only major issue of eth, that makes people annoying with eth. Its one of the old problem, that is ongoing since uears but still unsolved. For erc20 tokens transaction, we don't have any option but have to give high for while transfer token for eth busy blockchain. That's why if you are buying erc20 token with little capital then keep that in exchange. Thus Don't need to expense fee if you need to sell and buy other token. Although its risky but no way to reduce fee. But if your token are Very  worthy, then you have to give fee. Otherwise no way to transfer. If you set Low gas fee, it will not work always. But hope this issue will solve soon

[livingfree]

I think high fee issue is the only major issue of eth, that makes people annoying with eth.

It a major issue for most of the coins.

Before it was too lite only for Ethereum and fees weren't that much and you'll receive your ETH almost asap. But as a network grows, it's unstoppable when the demand grows higher.

That means more usage and more people using the network that results to clogging. Despite having that description of solving scaling issues, it seems that no project can escape that when they've been used by a lot of users.

[raidarksword]

Gas prices rises because of the volume of users flocked in the ethereum network, this is just normal because of users transactions causes the network the congest every time especially on the peak of bull market. It is a good sign because money are flowing in the industry and because of that it will benefited the market. Though it may pain in the pocket, nonetheless it will all be worth it then.