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Author Topic: Gas fees more!!!! Why?  (Read 27319 times)

Offline Hometown

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Gas fees more!!!! Why?
« on: August 23, 2020, 04:24:34 AM »
I am surprised to transfer my DEXA coin from Myetherwallet to probit exchange,, gas fee 100 GEI economy that means 1.75 dollars but I can sell it highest 20 dollars but exchanges withdraw fees more than 5 dollar. Totally I can get 13.25 dollar.


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Gas fees more!!!! Why?
« on: August 23, 2020, 04:24:34 AM »

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Re: Gas fees more!!!! Why?
« Reply #1 on: August 23, 2020, 07:38:01 AM »
In fact, we can't transfer any coins because of the gas. You have to pay maximum gas to transfer any coin or dollar. Now you have to pay 2-4 $ gas fee to send 100. As a result, we children are falling into a lot of losses. We are not able to transfer any coins due to high gas free. I would request that this gas fee be reduced by 70%. We are working on various projects. Since this gas is more, they are confused to send tokens. They have to pay a lot of dollars in gas fees to send tokens. Or with our gas fee then having to bring the token to our wallet. It has been seen that everyone is suffering a lot.
« Last Edit: August 23, 2020, 07:57:17 AM by Rakin343 »
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Re: Gas fees more!!!! Why?
« Reply #2 on: August 23, 2020, 09:06:09 AM »
You have two choices whether to pay or not. If you want to do transaction you have no choice but to pay despite of high gas required. Anyway, you can also wait for more time until Eth fee decline. Maybe the high fees cause of congestion. Everything will be all right.
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Offline Pirate

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Re: Gas fees more!!!! Why?
« Reply #3 on: August 23, 2020, 09:36:14 AM »
The high fees charged when sending these tokens are due to the tightness of transactions recently, but if you want cheaper transaction fees you can wait until the transaction is not as busy as it is today.

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Re: Gas fees more!!!! Why?
« Reply #4 on: August 23, 2020, 01:13:51 PM »
That is very expensive  friends and seems to be experienced by friends here. Some exchanges do have very high fees when it comes to withdrawing our assets.
Maybe we should be patient waiting for the right time, when the withdrawal fee go down to Withdraw our asset.
« Last Edit: August 23, 2020, 01:16:55 PM by Confero »

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Re: Gas fees more!!!! Why?
« Reply #5 on: August 23, 2020, 01:22:54 PM »
Ethereum fees are almost like bitcoin very expensive, maybe because of the many transactions the fees have increased. so just wait for the low fee
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Re: Gas fees more!!!! Why?
« Reply #6 on: August 23, 2020, 02:12:52 PM »
Yes, it is true that the current price of gas is expensive, what is the reason I do not know what is clear is that this expensive gas price is very detrimental to all of us, will the price of gas return to its original state?
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Re: Gas fees more!!!! Why?
« Reply #6 on: August 23, 2020, 02:12:52 PM »


Offline KryptoBull

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Re: Gas fees more!!!! Why?
« Reply #7 on: August 23, 2020, 02:47:19 PM »
The capacity of the Ethereum network is limited to 15 tps, so as the number of transaction requests increases and the user's patience is limited, they will be willing to pay more gas for that transaction. Hopefully Shardings in ETH 2.0 will solve this problem. I think a cost of 1 cent per transaction is reasonable.

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Re: Gas fees more!!!! Why?
« Reply #8 on: August 23, 2020, 05:17:39 PM »
the density of transactions recently has become increasingly expensive, if you want it to be cheap you have to wait until the transaction is no longer as busy as it is now

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Re: Gas fees more!!!! Why?
« Reply #9 on: August 23, 2020, 05:27:53 PM »
I am surprised to transfer my DEXA coin from Myetherwallet to probit exchange,, gas fee 100 GEI economy that means 1.75 dollars but I can sell it highest 20 dollars but exchanges withdraw fees more than 5 dollar. Totally I can get 13.25 dollar.

Whenn it comes to withdrawal, i think we must ensure that we are more wiser than the exchange platform. For example, it is not compulsory that you withdraw your eth from probit exchange, you can trade the eth to trx, bnb, or perhaps stellar xlm tokens, and by the time you withdraw you are left wiith 19.5$.

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Re: Gas fees more!!!! Why?
« Reply #10 on: September 06, 2020, 12:10:06 PM »
Yes this is bad. But you can wait a bit for the gas price to recover (and be small) and later sell your coin and make your profit. So do not worry.
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Re: Gas fees more!!!! Why?
« Reply #11 on: September 06, 2020, 12:48:23 PM »
Unfortunately, nothing can be done about it, because the price of gas is now growing very much due to the popularity of DeFi and of course due to the fact that Ethereum was growing in price, but now the price of Ethereum is falling and the price of gas has also dropped and now it is already possible for more or less prices to make transactions.
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Offline homhay

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Re: Gas fees more!!!! Why?
« Reply #12 on: September 06, 2020, 01:23:54 PM »
The high gas fees charged have made it very difficult for us to make transactions lately, and in my opinion this is due to transaction congestion, hopefully there are other alternatives so that gas rates are not too high like now
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Re: Gas fees more!!!! Why?
« Reply #13 on: September 06, 2020, 03:38:46 PM »
I am surprised to transfer my DEXA coin from Myetherwallet to probit exchange,, gas fee 100 GEI economy that means 1.75 dollars but I can sell it highest 20 dollars but exchanges withdraw fees more than 5 dollar. Totally I can get 13.25 dollar.
Do not worry mate! everything will back to normal, beside you are not the only one experiencing this high gas fee. everyone in the ethereum blockchain feel the same. I wanted to swap my token at uniswap but I was surprise on the gas fee it was too much high. I can't swap it because I will have no profit at all if I will proceed my transaction due to high gas fee. users that has huge amount of token wont bother high fees... if your transaction will incurred over a $100 then fees won't be matter.
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Re: Gas fees more!!!! Why?
« Reply #14 on: September 06, 2020, 06:31:04 PM »
Do not worry mate! everything will back to normal, beside you are not the only one experiencing this high gas fee. everyone in the ethereum blockchain feel the same. I wanted to swap my token at uniswap but I was surprise on the gas fee it was too much high. I can't swap it because I will have no profit at all if I will proceed my transaction due to high gas fee. users that has huge amount of token wont bother high fees... if your transaction will incurred over a $100 then fees won't be matter.
That's right, everyone feels this situation.  I myself canceled sending tokens from my personal wallet to the exchange wallet because of the expensive Ethereum GAS.
Maybe at such an expensive time the Ethereum Blockchain is full of transactions, so the GAS fees continue to increase.

 

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