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Author Topic: Gas fees more!!!! Why?  (Read 27502 times)

Offline comer

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Re: Gas fees more!!!! Why?
« Reply #120 on: January 31, 2021, 11:44:32 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.

see it by your self today. Per transaction would cost at least .01eth haha! crazy fees it is. my fastest transaction charge me at $17. hopefully, vitalik would do something to lower the fees. his platform was love by many users because of the low transactions fees and user friendly UI. currently some people complaining and leaving the platform to other blockchain because of this craziest transaction fees.
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Re: Gas fees more!!!! Why?
« Reply #120 on: January 31, 2021, 11:44:32 AM »

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Re: Gas fees more!!!! Why?
« Reply #122 on: January 31, 2021, 01:36:59 PM »
Ethereum's gas fee has increased a lot over the months.  Bounty Hunters are facing a lot of losses due to which.  Hunters have to exchange and exchange dollars with a lot of losses.  This is the biggest problem right now. If it is not fixed then Hunters can get into even bigger problems

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Re: Gas fees more!!!! Why?
« Reply #123 on: January 31, 2021, 02:10:59 PM »
Thank you senior brother for giving me a nice suggestion.
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Re: Gas fees more!!!! Why?
« Reply #124 on: January 31, 2021, 03:01:08 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.
The fees is continuously increasing and i am not watching any more update on the near future that can help to reduce the fees .Recently i have faced same issu to transfer My Dego coin to Kucoin .It cost me 7$ i was surprised but nothing to than i was badly need a transaction .
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Re: Gas fees more!!!! Why?
« Reply #125 on: January 31, 2021, 05:29:25 PM »
Ethereum's gas fee has increased a lot over the months.  Bounty Hunters are facing a lot of losses due to which.  Hunters have to exchange and exchange dollars with a lot of losses.  This is the biggest problem right now. If it is not fixed then Hunters can get into even bigger problems
Not only hunters, Everyone in problem for high transaction fee of ethereum. It happen for high price for ETH. Basically gas fee counted by ETH, Not by usd value. If ETH price increase then increasing transaction fee is normal.
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Re: Gas fees more!!!! Why?
« Reply #126 on: January 31, 2021, 05:48:59 PM »
when the transaction fees are very high then you should try to use other alternative coins that have very cheap fees such as TRX or maybe you can also use XLM. high transaction fees due to congestion of transactions and rising cryptocurrency prices.
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Re: Gas fees more!!!! Why?
« Reply #126 on: January 31, 2021, 05:48:59 PM »


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Re: Gas fees more!!!! Why?
« Reply #127 on: January 31, 2021, 06:25:30 PM »
High gas fee happens at the time of massive Ethereum transactions that result to system congestion. The higher amount you pay the faster to receive. The lower gas amount the longer time before to receive the coin. Bnb or trx is cheaper gas price.

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Re: Gas fees more!!!! Why?
« Reply #128 on: January 31, 2021, 06:56:06 PM »
This is ridiculously high. I have some coins in my wallet but i can not withdraw my balance due to over gas fees. In this moment i decide i will not withdraw this coins. When gas fees will be reasonable then i withdraw my balance.
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Re: Gas fees more!!!! Why?
« Reply #129 on: January 31, 2021, 06:58:18 PM »
Ethereum's gas fee has increased a lot over the months.  Bounty Hunters are facing a lot of losses due to which.  Hunters have to exchange and exchange dollars with a lot of losses.  This is the biggest problem right now. If it is not fixed then Hunters can get into even bigger problems
Not only hunters, Everyone in problem for high transaction fee of ethereum. It happen for high price for ETH. Basically gas fee counted by ETH, Not by usd value. If ETH price increase then increasing transaction fee is normal.

Yes you're right, almost all of people complained about high transaction fee now.  Because Ethereum is increasing now, I also agree with you, Gas fee is depending on Ethereum, not by USD value. Ethereum price is increasing now.

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Re: Gas fees more!!!! Why?
« Reply #130 on: January 31, 2021, 08:06:12 PM »
Gas fee depend upon totally number of transaction perform by people. More transaction mean high Gwei.
I advise you to regularly check GAs fee of Eth and when it go down to 55 then withdraw token and set Gwei to 60. Less fee will be charged.
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Offline Tunir Baap

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Re: Gas fees more!!!! Why?
« Reply #131 on: February 01, 2021, 05:06:33 AM »
I don't even know why Ethereum's gas is so fee. A few days ago, Ethereum's gas was free to two dollars, but recently Ethereum's gas was made $2.5 Currently, with the rise in popularity of Ethereum, its gas fees are increasing. However we hope the Etherium community will look into the matter soon.
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Offline cotton ball

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Re: Gas fees more!!!! Why?
« Reply #132 on: February 01, 2021, 02:29:56 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.
The price of ethereum gas fee is very expensive. Recently, it costs very, very high, no wonder many whales took advantage of the trade at the UNISWAP Defi which is so high it cannot be thought that uniswap is the main factor causing ethereum gas to rise so drastically.
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Offline Akhi600

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Re: Gas fees more!!!! Why?
« Reply #133 on: February 01, 2021, 05:42:21 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.
Currently we have a problem with gas fees.  Now when it comes to transferring a token, the gas fee is cut a lot, so small people like us have a lot of trouble.  We have to pay a lot of gas fee to remove some tokens.  So I would say reduce the amount of fees.

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Re: Gas fees more!!!! Why?
« Reply #134 on: February 03, 2021, 10:13:57 AM »
Ethereum wallets are now more gas free than other wallets. Ethereum gas free is increasing day by day. If you look at it in terms of popularity, you must notice the point Note that the popularity of Ethereum Wallet is much higher than other wallets. But the most annoying thing is its extra gas free. Why this gas free extra is increasing day by dayI still don't understand.
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