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Author Topic: The transaction fee is more than double the transaction amount .  (Read 5098 times)

Offline Lukasz

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Re: The transaction fee is more than double the transaction amount .
« Reply #45 on: January 23, 2021, 10:39:06 AM »
when you have problems with very expensive transaction fees, maybe you can use other alternative coins such as TRX or others that have transactions that are not too busy, because the high transaction fees are actually from the density of the existing transactions.

On one hand yes there is loads of coin and tokens that could as easily substitute eth the problem is that so many projects use eth as layer 1 for their token and want it or not without a choice pay eth gas fee
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Re: The transaction fee is more than double the transaction amount .
« Reply #45 on: January 23, 2021, 10:39:06 AM »

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Offline masterrex

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Re: The transaction fee is more than double the transaction amount .
« Reply #46 on: January 23, 2021, 01:09:55 PM »
Thats why I'm slowly moving away with Ethereum in terms of sending and making a transaction, Tron and Binance Smart Chain is much stable and fast compared to Ethereum these days the only edge of Ethereum is the popularity that was induced by the DeFi projects. But without Defi, I think Ethereum price will not go these high as it was today.

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Re: The transaction fee is more than double the transaction amount .
« Reply #47 on: January 23, 2021, 01:18:43 PM »
I transferred $ 2 from my ether wallet today. But the fee is more than 2 dollars. fee is $ 2.53Truly it is very difficult for hunters. The transaction fee should be reduced. I hope your valuable feedback.
for now the ethereum transfer fee is very expensive. because currently ethereum continues to creep up in price.
That's not all, but see if Ethereum hits the $ 4000 mark. transfer fee over $ 2
I think this is reasonable.
but for bounty hunters it is very sad. because every time you take part in the bounty, the payment will always be delayed, the reason is because the transfer fee is too high
Yes transaction free credulously high. If i withdraw suppose three dollars then the trisection fee will be approximately three dollars then what is the benefit to withdraw my money. It should be reduce immediately.   
As Ethereum prices continue to rise, it is highly unlikely that transaction costs will be reduced. and maybe this is the effect of ethereum will start the 2.0 release
there was no other way but to wait until everything was back to normal.
If you want to sell Ethereum coins, it's better to sell after they have a value above $ 200. if only $ 3 don't need to sell. just waiting for the time
when you have problems with very expensive transaction fees, maybe you can use other alternative coins such as TRX or others that have transactions that are not too busy, because the high transaction fees are actually from the density of the existing transactions.
Maybe the OP meant to pull ethereum from another ERC20 to another ERC20 to sell tokens or as a transaction fee in another wallet.
so that if you use TRX is very unlikely
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Re: The transaction fee is more than double the transaction amount .
« Reply #48 on: January 24, 2021, 10:04:04 AM »
yes, this is of course very detrimental for etherum wallet holders due to high transaction costs, after the launch of eth 2.0 this has not given a good performance for gas costs, say that this will last approximately 1 year and will return to normal.
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Offline Bolopecah

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Re: The transaction fee is more than double the transaction amount .
« Reply #49 on: January 24, 2021, 10:16:34 AM »
Transaction fee is still high. And sometime it cost $10-$20 USD for sending ERC20 tokens.

Maybe, High price of ethereum is main cause.
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Re: The transaction fee is more than double the transaction amount .
« Reply #50 on: January 24, 2021, 01:30:38 PM »
Over the past couple of months, the problem of high fees in the blockchain network is relevant, the transaction fee can range from 2-8 dollars

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Re: The transaction fee is more than double the transaction amount .
« Reply #51 on: January 24, 2021, 01:35:16 PM »
I myself also feel very uneasy about this transaction fee. Hopefully there will be a solution to this problem soon. because it's very unsettling for a small player like me.
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Re: The transaction fee is more than double the transaction amount .
« Reply #51 on: January 24, 2021, 01:35:16 PM »


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Re: The transaction fee is more than double the transaction amount .
« Reply #52 on: January 24, 2021, 04:44:14 PM »
I believe that all Ethereum users do not like the current level of fees on the Ethereum network, but I am helping that this situation will change with the subsequent implementation of other phases of the Ethereum 2.0 update. To avoid losing, at least you need to stop transferring small amounts of cryptocurrency. Of course, this situation is very bad for new projects.

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Re: The transaction fee is more than double the transaction amount .
« Reply #53 on: January 24, 2021, 08:44:56 PM »
I believe that all Ethereum users do not like the current level of fees on the Ethereum network, but I am helping that this situation will change with the subsequent implementation of other phases of the Ethereum 2.0 update. To avoid losing, at least you need to stop transferring small amounts of cryptocurrency. Of course, this situation is very bad for new projects.

You are right , this situation is very bad for new projects and all transaction use Ethereum. I think transaction fee is so high. I hope Ethereum 2.0 will solve this problem, but Until now, Not yet. Let's see and wait.

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Re: The transaction fee is more than double the transaction amount .
« Reply #54 on: January 24, 2021, 10:30:16 PM »
I believe that all Ethereum users do not like the current level of fees on the Ethereum network, but I am helping that this situation will change with the subsequent implementation of other phases of the Ethereum 2.0 update. To avoid losing, at least you need to stop transferring small amounts of cryptocurrency. Of course, this situation is very bad for new projects.

You are right , this situation is very bad for new projects and all transaction use Ethereum. I think transaction fee is so high. I hope Ethereum 2.0 will solve this problem, but Until now, Not yet. Let's see and wait.
I see ETH 2.0 will use Beacon chain, can a token like ERC20 be sent via Beacon chain? What do you think?
will we see our token conversion like binace smart chain, sending tokens from exchange wallets that have BEP or BSC network options.

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Re: The transaction fee is more than double the transaction amount .
« Reply #55 on: January 25, 2021, 11:16:02 AM »
-
Indeed the problem is with the transaction fees of Ethereum itself, this is because Ethereum has a high price in the market for now.
If we compare it to TRON, Ripple or Stellar then it is certain that their transaction fees are cheaper because they have cheap coin prices in the entire cryptocurrency market.
But if TRON has a price of 1 TRON, it is around 1400 USD and the transaction fee is 1 TRON then we will be charged 1400 USD for the transaction only if we use the TRON blockchain (trc20). yuhuuu!

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Re: The transaction fee is more than double the transaction amount .
« Reply #56 on: January 25, 2021, 12:47:13 PM »
Problems like this are very common in transactions on the Ethereum Blockchain, very expensive transfer fees that really irritate us.  Moreover, the value of the token that we send is small, so we better not send it. If we want to ship a small quantity, we better wait for the cost to go down first, but waiting is very tedious!

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Re: The transaction fee is more than double the transaction amount .
« Reply #57 on: January 25, 2021, 04:55:24 PM »
Eth 2.0 was expected to correct this high transaction fee together with other issues on the network but unfortunately things haven't change much maybe it will later on, for now, all erc20 token holders are facing a high transaction issue, it is very frustrating to be spending so much on gas fees, i know there are times it is low but most times it is very high, i wish something can be done about it.

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Re: The transaction fee is more than double the transaction amount .
« Reply #58 on: January 25, 2021, 05:22:56 PM »
Before launched Ethereum 2.0 platform, we all aspected that Ethereum gas fees may be decreased but nothing has been come true. Ethereum gas fees not change and growth a more accurate.

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Re: The transaction fee is more than double the transaction amount .
« Reply #59 on: January 26, 2021, 05:48:28 AM »
We can do nothing but wait for transactions on the erher network to start to decline, the current network looks congested because the miners will increase their hastrate so that a large number of shipments can be quickly confirmed, the impact is that the costs will be even higher as the recipients increase the gas cost as they wish. .
ETH 2.0 is still in phase 0 and we will need patience to see both chains work on one network.

 

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