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Author Topic: I can't keep up with the High gas fees  (Read 511 times)
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October 05, 2023, 12:51:44 PM
 #61


Things are much better than the period the OP mentioned,

but I personally don't have a harsh view on fees.  To be fair here, the limitations that Ethereum has not yet met have been discussed a lot, but it is clear that this is a decentralized space, and if you don't want to, you don't need to force yourself to use it, it brings freedom. When the growth period occurs, people will still be willing to pay more for fees. There are other options to use and save more on fees, but I still want the OP to think about whether the transaction fee is worth worrying about when starting to invest.
For Ethereum coins network have lower fees gas right now but not stable for few days later keep in lower or higher again, actually current gas is most cheapest for Ethereum coins network and most excited for sending coins from wallet to exchange account or has possibilities with arbitrage coins have ethereum network. But for Ethereum coins network have not stable gas fees price, some time up and down depend how busy of transaction and make fees up suddenly. If have coins with Ethereum network is good ideas send it or deposit to exchange account if want get lower fees and seems under 7 gwei only taken under $1 as fees transaction.
Don't make it waiting for upcoming days send coin with ethereum network because upcoming next day has chance for gas or fees up again.

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October 07, 2023, 10:11:27 AM
 #62

You're right. Once upon a Time there wasn't much choice, you either pay the crazy gas fees on ETH or you forget transacting. But today, there are so many cheap alt to choose from with low gas fees.
But the problem now is, what if,. for example you are buying a token and that token is only on the ETH network? There isn't much choice now, you either pay the high has fees or forget buying the token.

If you really like that token and you see the potential then go for it... I guess that paying high fees now can pay off one day if the token you chose to invest makes some significant rise one day. We all know it's hard to hit a gem among all those projects out there, but I still believe there are gems and some projects definitely have a nice future.

Yeah. True, if the token has potential, it will be easy to look away from the high has fees and go for it. But sometimes it doesn't always work that way. For instance you see a token wanted to invest say like 20$, the gas fees will be like 10$ or so, then the token does x2 and you want to pull out your capital, you discover that if you do so, it cost you another 12$ gas fees. 40$ - 12$ - 10$ = 18$.

Now you see why people without deep pockets often run from eth project

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October 07, 2023, 10:14:37 AM
 #63


You're right. Once upon a Time there wasn't much choice, you either pay the crazy gas fees on ETH or you forget transacting. But today, there are so many cheap alt to choose from with low gas fees.
But the problem now is, what if,. for example you are buying a token and that token is only on the ETH network? There isn't much choice now, you either pay the high has fees or forget buying the token.

If you want to buy or invest in altcoin, then you must choose the right coin. And if that coin belongs to ERC-20 network. Then you have to pay network fee by investing on your volume. That's why I suggest you to buy BEP-20, sol, polygon network coins, which will give you many benefits in the transaction. Although most of the good coins are ETH.

There are many coins in the crypto market that can give you good profits and network fees are very low. Among all the networks, polygon network has the lowest coin fee.

Most new projects on the other altcoins are shits, it's easy to scam people. That's not to say that project on the ETH network doesn't scam, but due to the high has fees, some people tend to avoid it and run to projects on the bep20 which will easily rug

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October 07, 2023, 07:49:24 PM
 #64

For Ethereum coins network have lower fees gas right now but not stable for few days later keep in lower or higher again, actually current gas is most cheapest for Ethereum coins network and most excited for sending coins from wallet to exchange account or has possibilities with arbitrage coins have ethereum network. But for Ethereum coins network have not stable gas fees price, some time up and down depend how busy of transaction and make fees up suddenly. If have coins with Ethereum network is good ideas send it or deposit to exchange account if want get lower fees and seems under 7 gwei only taken under $1 as fees transaction.
Don't make it waiting for upcoming days send coin with ethereum network because upcoming next day has chance for gas or fees up again.

The Ethereum network is very susceptible to spamming of various transactions related to memcoins and other shitcoin garbage. Usually, when there is a micro-hype on some token, it is immediately reflected in the price of gas. There are too many useless projects deployed on Ethereum that clutter the blockchain and inconvenience regular users. It is unknown when these scalability issues will be resolved.

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October 08, 2023, 12:31:40 AM
 #65

Simple solution, don't use coins which need high fees to make transactions. I also hate paying high fees and to me, anything over $1 is high unless I send a big amount of money. Sending crypto-currencies has to be cheap. Expensive transactions kind of kill the purpose of crypto, that include Bitcoin. I shouldn't pay $10-20 fee to send money to my friends abroad.

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October 11, 2023, 02:06:57 AM
 #66

Simple solution, don't use coins which need high fees to make transactions. I also hate paying high fees and to me, anything over $1 is high unless I send a big amount of money. Sending crypto-currencies has to be cheap. Expensive transactions kind of kill the purpose of crypto, that include Bitcoin. I shouldn't pay $10-20 fee to send money to my friends abroad.
Just wonders why people would engage a different system with a similarity where they obtains expected results and gaining the potentials of the first system.😏
@ EFS even the $1 dollar seems high considering the transaction rate value.
The value of gas should be rated by the minimum value of transaction value. This is why you have to let your coins accumulate so you can transact hugely on a lower charge depency.
Of course such high fees as charges can only be tolerable after evaluation of transaction values (hug amount) considering your interest gained in exchange else I would say a a swindling scheme.

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October 11, 2023, 12:33:09 PM
 #67

I also don't like to pay commission for money transfers or purchases, as I prefer to bypass such situations. So at the moment I just invest in TFS and keep staking their tokens at a high APY
never understood it, but thanks to the commission many projects live and not only in cryptocurrency
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