Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: bitterguy28 on May 09, 2024, 06:44:16 AM
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I know that there is already topic about Ethereum wallet but what I wanna ask is "Can you give me Ethereum wallet that almost like Exodus safety but has lower fees and has a Lowest Minimum withdrawal and Deposit"?
thank you in advance as I am getting harder to use exodus nowadays not like in the past that I am comfortable in this wallet.
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I know that there is already topic about Ethereum wallet but what I wanna ask is "Can you give me Ethereum wallet that almost like Exodus safety but has lower fees and has a Lowest Minimum withdrawal and Deposit"?
thank you in advance as I am getting harder to use exodus nowadays not like in the past that I am comfortable in this wallet.
The gas fee on Ethereum is not on wallet type base, we have to understand this, neither does using a particular wallet like exodus will make you realized a cheaper fee from making transactions, because exodus is just a wallet only simpler for the beginners to use and understand, nothing relates with having cheaper transaction fee rates, you will have to constantly check on the network fee rate to track down when it is cheaper before making your transaction.
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I think there are only two types of wallets that determine fees, namely custodial and non-custodial wallets. However, basically the amount of the transaction fee is based on the network fee, not the wallet, so it is possible that the custodial wallet will set a higher fee for ETH transfers to other types of wallets or other addresses when the fees are rising. Usually the fee will look cheaper when the transfer is made to a custodial wallet using the internal transfer method, sometimes even zero fee.
Easily dividing it into two is, custodial wallet = e.g exchanger wallet (more list : https://www.alchemy.com/list-of/custody-solutions-on-ethereum)
and non-custodial wallet = wallet where you hold the private key, this can be from MEW or metamask
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@Aanuoluwatofunmi is right. So you probably better ask "Which Ethereum Wallet let me configure TX fee rate manually?". I recall both MetaMask and Exodus let you do that under advance/custom option.
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Transaction fees is not connected with ethereum wallets in any way, so you can't have one that has lower fees.
It is best to set fees manually with any wallet you are using after checking gas fees, and I think Rabby wallet is much better option for that than more commonly used metamask wallet.
You can download Rabby and install it on your computer, use it as browser extension, or as mobile application for smartphones:
https://rabby.io
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I know that there is already topic about Ethereum wallet but what I wanna ask is "Can you give me Ethereum wallet that almost like Exodus safety but has lower fees and has a Lowest Minimum withdrawal and Deposit"?
thank you in advance as I am getting harder to use exodus nowadays not like in the past that I am comfortable in this wallet.
A popular wallet for ETH was MEW but now many types of wallets are available so everyone uses different types of wallets. I use Metamusk, MEW and Trustwallet for eth. Because I use smartphone a lot, so I use smartphone wallets more. When I first came to the crypto world I used the MEW wallet for ETH. So far I haven't stopped using this wallet, transaction fees are also very low. So I recommend people close to me to use MEW
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@Aanuoluwatofunmi is right. So you probably better ask "Which Ethereum Wallet let me configure TX fee rate manually?". I recall both MetaMask and Exodus let you do that under advance/custom option.
As far as I know, most crypto wallets have the feature of easily customizing fees according to user needs. Users only need to search for instructions and follow them to be able to save transaction fees when necessary. MetaMask, Coinbase, Blockchain, TrustWallet, SafePal... - users have many choices.
The only case where users are forced to accept high fees is when using the Swap feature on the crypto wallets. These wallets often charge high fees to ensure the fastest possible user experience. Users of the Exodus Swap feature will understand this very well ^^
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Transaction fees is not connected with ethereum wallets in any way, so you can't have one that has lower fees.
I tend to agree with this which is the right answer, wallets also rely on Ethereum gas and you can track it on https://etherscan.io/gastracker which I also commonly use when planning to make transactions.
I used MyEtherwallet.com so many times and there's no problem with it upon having small transactions, but when we talk about safety and privacy, of course, a hardware wallet is the best option.
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@Aanuoluwatofunmi is right. So you probably better ask "Which Ethereum Wallet let me configure TX fee rate manually?". I recall both MetaMask and Exodus let you do that under advance/custom option.
As far as I know, most crypto wallets have the feature of easily customizing fees according to user needs. Users only need to search for instructions and follow them to be able to save transaction fees when necessary. MetaMask, Coinbase, Blockchain, TrustWallet, SafePal... - users have many choices.
You're probably right, since i personally only tried few wallet software which support ETH. Although in few cases, those wallet might offer limited customization instead (e.g. choose between low, medium or high fee where it's fee rate already defined by the wallet).
The only case where users are forced to accept high fees is when using the Swap feature on the crypto wallets. These wallets often charge high fees to ensure the fastest possible user experience. Users of the Exodus Swap feature will understand this very well ^^
Yeah. Those wallet also do that to prevent wasted ETH due to too low gas fee.
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Transaction fees is not connected with ethereum wallets in any way, so you can't have one that has lower fees.
It is best to set fees manually with any wallet you are using after checking gas fees, and I think Rabby wallet is much better option for that than more commonly used metamask wallet.
You can download Rabby and install it on your computer, use it as browser extension, or as mobile application for smartphones:
https://rabby.io
I've heard of the Rabby wallet, but I've never made a transaction via this wallet, is this wallet the same as other wallets? I have too many wallets on my desktop so I'm confused about using them