How far do you consider "transaction fees" in crypto?

[Bobcrypto]

This is a problem that arises quite often, regarding transaction fees. Someone of course chooses to consider cheaper transaction fees because it saves more.... However, several parameters such as coin popularity, coin features and also liquidity are also often taken into consideration, someone is willing to pay a higher fee because it is really worth it...

We can compare transaction fees for Bitcoin, Ethereum, BNB and SOLANA, where there are several advantages and disadvantages of each of these coins and the platforms that carry them.

We know that Ethereum has quite high transaction fees for making swaps, but we also realize that there are still many people who still use it even though the fees are expensive. So in your personal opinion, are transaction fees really the biggest problem in the world of cryptocurrency???

Obviously, transaction fees are not in anyway the biggest problem on the crypto world. There are supposed to be serious problems that all the crypto community should be be mindful at.
Crypto Scams should be considered one of the biggest problem on the Ecosystem that should be taken seriously than any Network transaction fees. Fess paid on the different network at different rates, should have eliminated certain high cost of doing crypto business transact globally.

[Doovla]

I take into account that now the price of all popular coins, as far as the price of transactions is concerned, is falling, and gradually maintaining that low value. Who knows, maybe everything will come down to below $0.01, just like in the case of BNB coins, maybe that will change the way of trading for the better, to more bullrun movements and to greater popularity.

[Stompix]

Obviously, transaction fees are not in anyway the biggest problem on the crypto world. There are supposed to be serious problems that all the crypto community should be be mindful at.
Crypto Scams should be considered one of the biggest problem on the Ecosystem that should be taken seriously than any Network transaction fees.

I don't care about scams as I can avoid 101% of scams by simply thinking twice before sending money or investing in shiny "projects" but I can't do a thing about fees. If I have to pay something in BTC I need to pay the fees, it's not like I can order something now and ask the vendor to wait for the payment for 3 months when the fees are lower.

[ayydil]

I guess when we will be using crypto for payment, either separate coins on separate chains will be created or we might use the popular ones like stellar which has so low fees. Definitely it will play a role on determining which coins we might use to transact since as you said, no one likes high fees, and specially for transactions, if we wanna buy something that costs $5, and if fees is $10, it will be terrible!

[Geey]

Surely everyone has the same complaints about transaction fees. especially as you mentioned above, the transaction costs are high, but with transaction costs like that, each coin definitely has its own advantages in swapping or sending. So this problem is very common for everyone and in the future it is possible that transaction costs may increase again than before, and I hope that in the future transaction costs will not increase if these costs increase, the increase will not be too high because of the pity of the traders.

[dekafee79]

I guess when we will be using crypto for payment, either separate coins on separate chains will be created or we might use the popular ones like stellar which has so low fees. Definitely it will play a role on determining which coins we might use to transact since as you said, no one likes high fees, and specially for transactions, if we wanna buy something that costs $5, and if fees is $10, it will be terrible!

In my opinion, gas fees will increase according to coin prices and market traffic at that time. If traffic is busy and the market increases, it is certain that gas fees will increase. This will be a problem for small investors because the profits are small, but those who have large assets will never mind high gas fees, that is the reality we see in the market.

[pieppiep]

In my opinion, gas fees will increase according to coin prices and market traffic at that time. If traffic is busy and the market increases, it is certain that gas fees will increase. This will be a problem for small investors because the profits are small, but those who have large assets will never mind high gas fees, that is the reality we see in the market.

The average transaction fee for each coin depends on the condition of the blockchain network owned, such as Bitcoin, for example. Currently, Bitcoin users are not sending very often, which makes transaction fees very cheap. Just like Ethereum which is currently cheap, it is different when someone has some news that can increase transactions on the network, it will cause transaction costs to increase. Expensive exchange rates also follow coin price movements in the market. So I can conclude that transaction costs do not only depend on traffic conditions on each network used.

[Gurujebs]

I guess when we will be using crypto for payment, either separate coins on separate chains will be created or we might use the popular ones like stellar which has so low fees. Definitely it will play a role on determining which coins we might use to transact since as you said, no one likes high fees, and specially for transactions, if we wanna buy something that costs $5, and if fees is $10, it will be terrible!

If I'm to chose any coin as payment, I will pick Bitcoin as a settlement f debt before any other coins because when it comes to volatility, altcoins tend to have more volatility than others. Have you ever thought about a merchant receiving a coin for an item sold only for the market to dump and then you see your wallet is down by 25%, you can see that in altcoins but rarely see it in Bitcoin because when altcoins do that kind of drop, Bitcoin might do 10% loss at most and it will quickly be corrected.

Stablecoins wouldn't be bad if they are offered as alternative for sales but regulations from the government wouldn't allow. They will see it as a threat to their financial system.

[Stompix]

Currently, Bitcoin users are not sending very often, which makes transaction fees very cheap.

Bitcoin blocks are full and the mempool holds about 100k transactions, so people are still sending coins, and still almost a bit over the network capacity, the only thing that has changed is that users are not eager to pay that much for their transactions, so less price competition but still the same actual demand for block space.

[Gposas]

Transaction fee most time is a problem especially when moving a token from wallet to exchange for sale.. we see that of ETH being the highest. Imagine you having a coin worth $5 on ETH network, in order to move or swap the coin u need to pay a fee worth about $4 dollar, It's discouraging but there's no other way of swapping or moving the coin without paying such fee.
But in the case of moving token across CEX exchanges we see people using the TRON network, selling off their token to buy TRX because their transaction fee is more affordable.

[ayydil]

I guess when we will be using crypto for payment, either separate coins on separate chains will be created or we might use the popular ones like stellar which has so low fees. Definitely it will play a role on determining which coins we might use to transact since as you said, no one likes high fees, and specially for transactions, if we wanna buy something that costs $5, and if fees is $10, it will be terrible!

In my opinion, gas fees will increase according to coin prices and market traffic at that time. If traffic is busy and the market increases, it is certain that gas fees will increase. This will be a problem for small investors because the profits are small, but those who have large assets will never mind high gas fees, that is the reality we see in the market.

That is kind of true that price of the token and coin itself will increase so technically gas fees will also be higher in terms of compared to fiat value. But then there might be some stability in the coins so even though the price might be high, we can explore coins and choose the most convenient coins to pay. It would be interesting to see how that might happen.