Expensive Transaction fees in Both Bitcoin and Ethereum are sign of failure!

[Brezzier]

As a beginner in crypto, I can't afford to pay huge transaction fees so I stick with the exchanges that doesn't cost much for a transaction.
I also believe there are people out there who thinks this is exploitation of users. The earlier they work on reducing the gas fees the better.

[Rubel007]

We are talking about the problem for more then 1 year. The current gas fee especially in ether platform so much excessive. At the moment many investors already take another platform. If ether fail then only allegation goes to excessive gas fees.

[pelana vreo]

As a beginner in crypto, I can't afford to pay huge transaction fees so I stick with the exchanges that doesn't cost much for a transaction.
I also believe there are people out there who thinks this is exploitation of users. The earlier they work on reducing the gas fees the better.

I have experienced the same thing as you, you can keep the tokens you have in your wallet and wait for low fuel costs, another option is, when you successfully send tokens to the exchange, you can make withdrawals on the Tron Network with cheap fees. Currently sending tokens from the Metamask wallet is still affordable at only $3 to $5.

[Fawpac2]

Yes, at present the gas fee has increased so much that we cannot transact due to the extra gas fee for selling or picking up something. However, the highest gas fee is being deducted on the Ethereum platform.  Either the Ethereum platform will be far behind.  So as soon as possible the extra gas fees for Ethereum and Bitcoin platforms should be reduced.

[Rakin343]

Yes, for some time now we have been seeing Ethereum and Bitcoin transaction fees go up so much that we can't sell any coins.In the absence of this transaction fee, the coins that we might sell if we can sell them for $50, the fee is $15+ to $70+ dollars. So many extra gas fees have bothered us a lot.  And if these additional gas fees are not reduced, then all these platforms will lag far behind.

[Bit]

Yeah, the fees of both BTC and ETH or ERC20 tokens are very high. Moreover, many exchanges also increase their withdrawal fee. It is commonly only 0.005ETH but now. the transaction fee is around 0,008ETH minimally. WOw, I feel that ERC20 tokens that I have really cannot be withdrawn from my wallet

[sampoerna]

This is very hurtful, but we can do nothing. Vitalic Buterin itself also seems not to care about this, and not willing to make a certain decision. Moreover, the price of Eth is now very increasing. So, I don't think that it will really make a lower price. ABout exchange, yeah, they also mostly will increase the transaction

[Raqeebzy]

It has affected more in ethereum network than BTC. Project already moving out of the blockchain to lighter ones (less congetion) like the binance smart chain and even trx blockchain. Though it would get eventually fixed in the full face of ETH 2.0, it would affect the eth market in general and restrict potential holders and investors of both eth and ERC20 toekns.

[xeroz]

No, it cannot be called a failure. The transaction fees are dynamic, it happens to follow the number of transactions in the network. We cannot fully control it, so it seems natural. However, there should be a solution for this case, then the transaction fees not very expensive anymore.

[nicecrypto]

Lately, more and more users are already pissed and moving away or temporarily halted using Ethereum because of expensive fees while others are started to look for better alternatives or even migrated to the Binance Smart Chain (BSC) and Tron Network which is much faster and sustainable transaction fees, compared to Ethereum.

Question how it will affect the Ethereum base tokens or ERC20 tokens in the short term?
Following that many are not happy with these intentionally impose transaction fees. Just imagine I was sending $70 worth of ERC20 tokens and It takes 45 minutes to confirm with the transaction fee of $26 for me that was too much It was a shame on the Ethereum side. they are slowly eaten by greed. drop your fearless opinion below!!!

This is a problem as most of us have already noticed what is going on with the high fees on ethereum network. I too wanted to do a transaction moving 215 USDT from one wallet to another and on ERC20 it was charging fee of 20 USDT while the TRC20 transaction on the same wallet was charging 1 USDT which of cause I used and thankfully that option was there cos there's another transaction am still not able to do cos of this gas fee.

[MishaSER]

Lately, more and more users are already pissed and moving away or temporarily halted using Ethereum because of expensive fees while others are started to look for better alternatives or even migrated to the Binance Smart Chain (BSC) and Tron Network which is much faster and sustainable transaction fees, compared to Ethereum.

Question how it will affect the Ethereum base tokens or ERC20 tokens in the short term?
Following that many are not happy with these intentionally impose transaction fees. Just imagine I was sending $70 worth of ERC20 tokens and It takes 45 minutes to confirm with the transaction fee of $26 for me that was too much It was a shame on the Ethereum side. they are slowly eaten by greed. drop your fearless opinion below!!!

This is a problem as most of us have already noticed what is going on with the high fees on ethereum network. I too wanted to do a transaction moving 215 USDT from one wallet to another and on ERC20 it was charging fee of 20 USDT while the TRC20 transaction on the same wallet was charging 1 USDT which of cause I used and thankfully that option was there cos there's another transaction am still not able to do cos of this gas fee.

It's really strange why there is such a huge commission when moving USDT, I recently sent a token and I paid a commission of 2.8$, but when sending USDT, the commission was almost 10$, on what it depends I don't understand.

[Arendra]

I am really very worried about this gas fee problem. Over time, I felt that this crypto was really torturous with gas fees. when will there be a settlement with a gas fee. I don't like MEW anymore now.

[Bobcrypto]

Lately, more and more users are already pissed and moving away or temporarily halted using Ethereum because of expensive fees while others are started to look for better alternatives or even migrated to the Binance Smart Chain (BSC) and Tron Network which is much faster and sustainable transaction fees, compared to Ethereum.

Question how it will affect the Ethereum base tokens or ERC20 tokens in the short term?
Following that many are not happy with these intentionally impose transaction fees. Just imagine I was sending $70 worth of ERC20 tokens and It takes 45 minutes to confirm with the transaction fee of $26 for me that was too much It was a shame on the Ethereum side. they are slowly eaten by greed. drop your fearless opinion below!!!

Yeah, as it stand on the BTC and Eth transaction fees, I think IT is not a sign of failure but it is due to high volume of demands from the general public. As we all know the there is currently a high demand for bitcoin and ethereum because many institutions investors, high profile individuals and more  people are coming onboard in large numbers, meaning the network will be highly congested.
I think that this situation for the bitcoin network will persist, and that of Ethereun network may get a relieve if the planned upgrade is fully functional.
Now, my little advice on any Erc20 token movement is just exchange through other blockchain networks with cheaper transactions fees eg Tron network.

[Senin]

This can hardly be called a failure of Bitcoin and ethereum. These coins were created when the number of transactions was not that many. Over time, the load on the network has increased and these coins just need to be updated in time and monitor the level of their competitiveness. From the standpoint of the present time, the small bandwidth of their network is already becoming a big problem. Of course, if the solution to this problem takes too long, it can already be called a failure of these coins.

[ice18]

The worst part of eth fees someone I saw complaining from a staking portal he already end the staking token worth $100 and when he tried to withdraw the fees is like $58 lol this is crazy but considering those problems we encounter everyday I dont want this to assume as a failure It just happened that a lot of dapps was already created in eth network especially when defi projects introduced and the network overloaded and needs an upgrade thats why the eth 2.0 was proposed as a solution to scalability and fees.