Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Andri937 on September 07, 2020, 09:40:13 AM
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What do you think about transaction fee? Sometimes it really pisses me of.somedy, In the perfect world, there will be no comission at all. But frankly, I see that some exchanges have already decided to do that. I found a post, that it could be highly likely that the big part of the exhanges will do that soon. https://this Url is blocked due to spam/en/blog/free-transactions. Sometimes, I gotta admit, that I can spend relatively a lot of money on the comission. I hope it will change somehow. I don't know how the other users can put up with it. Is there any legal way to avoid the fees?
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What do you think about transaction fee? Sometimes it really pisses me of.somedy, In the perfect world, there will be no comission at all. But frankly, I see that some exchanges have already decided to do that. I found a post, that it could be highly likely that the big part of the exhanges will do that soon. https://this Url is blocked due to spam/en/blog/free-transactions. Sometimes, I gotta admit, that I can spend relatively a lot of money on the comission. I hope it will change somehow. I don't know how the other users can put up with it. Is there any legal way to avoid the fees?
Your OP title confused me because it was a transaction speed but generally, your subject is the fees, but I agree about the fees it's like a robbery just imagine I'm sending an ERC20 token to exchange but it cost me $9 Ethereum TX fees was sucks and thats what I'm talking about, BTW, the level of commission is different kind of exchange platform is different so I might say that it's not uniform at all.
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I don't really know showing this high transaction fees will stay with us, it is really disheartening to say the least because in some cases the tokens to be sent will seem useless after deduction of the trading fees. Now i have token worth $17, will now use over $3-4 as fees.
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For me it seems normal, because commissions are exactly what makes companies exist and provide us with normal quality conditions for everyday work. Honestly, it seems to me that we can pay more for this...
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Transaction fees are always changing at any time, and we can choose the cheapest fees.
But indeed if we want to get a very fast transaction speed, we have to pay for the transaction at a high cost.
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Current transaction fees are what many crypto players complain about, especially those with small capital. actually there are several ways to reduce transaction costs and one of them is by swapping or switching on some coins that have small transaction fees such as TRX, Doge and even USDT can provide shipping costs of up to 0. Get to know the fee regulations on some exchanges and also tokens / coins have cheap shipping costs
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But sometimes these are really absolutely unfair amounts, which prevent you from working with small capital or significantly limit your profit.
But we also strive for more favorable conditions, I don't see anything wrong with that!
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The transaction fees for specific cryptocurrencies are actually one of the factors in the competition between them. Given the ever-growing number of cryptocurrencies, their size should decrease over time.
Most of the complaints now are about high commission costs on the ethereum network. While this is a forced measure due to the increase in its use and congestion as a result. The only hope is for the early implementation of the Ethereum 2.0 improvements. Only this can solve this problem for a long time.
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The last run by eth has really been bad. Paying up to 36$ for transaction fee. It really surprises me that the fee is now reduce after been threatened by Binance smart chain BSC that has a very low fee.
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Transaction fees are always changing at any time, and we can choose the cheapest fees.
But indeed if we want to get a very fast transaction speed, we have to pay for the transaction at a high cost.
Yes, transaction fees vary at different times of the day. They are usually very low at night. Although due to the fact that the number of cryptocurrencies in this market is constantly increasing (there are already about 16,000) and the competition between them is growing, these factors will help reduce transaction costs, however, I do not think that they will disappear completely. It depends on which path the development of the cryptocurrency will take further.
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The OP's post is a little unclear, but it's interesting to discuss, first you need to choose a blockchain to make transactions, ethereum, BsC or Matic, as we know Currently ethereum is experiencing scalability problems with increasing number of transactions resulting in increased gass fees, because BSC was created and there was also Matic, but which of these two coins has fast transaction fees and low gas fees, please see this article https://yenthanh.medium.com/transaction-fee-polygon-matic-vs- binance-smart-chain-bsc-f2a772ce0eb8