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Author Topic: Fees are so high. what can we do?  (Read 3546 times)

Offline Muneeb22

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Re: Fees are so high. what can we do?
« Reply #30 on: May 13, 2021, 09:19:08 AM »
Bitcoin and also the ETH transaction fee is so high its true and i hope in future the fee is going to be low in the market becasue the new projects are almost go to the TRX and also to the BNB wallet becasue of low fee.
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Re: Fees are so high. what can we do?
« Reply #30 on: May 13, 2021, 09:19:08 AM »

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Offline shadowdio

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Re: Fees are so high. what can we do?
« Reply #31 on: May 14, 2021, 03:48:54 PM »
The increasing of bitcoin will also increase the transaction fee and there is nothing we can do, just pay the fee if you want fast transaction but if you are not in hurry then you can pay it low just expect the long transaction process.

Offline jonathancool220

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Re: Fees are so high. what can we do?
« Reply #32 on: May 16, 2021, 12:31:16 PM »
There is no need to worry if Bitcoin transaction fees increase because it doesn't really matter as well as valuable assets that must be protected because basically these Bitcoin traders do not focus on shipping costs.
What they focus on is the security of their assets in Bitcoin, such as creating a new wallet with a new Phrase or Private Key to make it safer when transferred. So, for the sake of security, the Bitcoin transaction fee is ignored bytrader and  investors.

Offline Mayajal

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Re: Fees are so high. what can we do?
« Reply #33 on: May 16, 2021, 08:11:56 PM »
Gas fees have risen sharply in recent days.  Earlier gas fees were much lower but now the amount of gas fees is so high that no transaction can be done in cryptocurrency.  Thus, if the amount of gas fee in the cryptocurrency is too high, then the cryptocurrency will be threatened because if the transaction cannot be done, it can be a serious problem.
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Re: Fees are so high. what can we do?
« Reply #34 on: May 19, 2021, 09:30:26 PM »
Currently the amount of gas fee is so high that it is unthinkable.  Because it costs more than the token that I transfer, which is why cryptocurrency transactions are almost closed.  Because if the amount is spent then no one will be able to do the transaction because the cost is double what the asset will get.
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Offline Triedboy

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Re: Fees are so high. what can we do?
« Reply #35 on: May 20, 2021, 02:10:19 AM »
The transaction fee is much lower than before. A few days ago, however, it was seen that no one could sell any coins due to high transaction fees. Even then, Ethereum's transaction fees were so high that no token on the Ethereum platform could be sold. Compared to that, the transaction fee of Binans Smart Chain platform is very low. Now that the price of Bitcoin has gone up, the transaction fee has gone up.
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Offline Trumpet

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Re: Fees are so high. what can we do?
« Reply #36 on: May 20, 2021, 06:54:40 AM »
If your current transaction is not very important then of course I will tell you to refrain from current transaction. When bitcoin's transactions will be free and normal, you can trade from bitcoin  if you want.Although at present bitcoins transaction free is much more normal. You can still trade if you want.
« Last Edit: May 20, 2021, 07:05:47 AM by Trumpet »
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Re: Fees are so high. what can we do?
« Reply #36 on: May 20, 2021, 06:54:40 AM »


Offline sacrotic

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Re: Fees are so high. what can we do?
« Reply #37 on: May 23, 2021, 08:01:39 PM »
Patient to wait, do that until hard fork or use another coin/ network for transactions. This time BSC become alternative and we should use it before the price go high. Another method is use fiat pairs coin not coin pairs coin, meaning investment, do it use long term period and never foerget stop loss.

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Re: Fees are so high. what can we do?
« Reply #38 on: May 23, 2021, 10:19:34 PM »
Big traders do not mind paying high fees as they want their transactions instantly.
Basically, all traders should mind the number of transaction fees. They just have no choice because it should take a long time to wait for lower transaction fees. Big traders must consider the potential profits to earn if the transaction can be faster, that's actually the reason. Personally, I will also do the same if the transaction fees can be worth the profits. However, if it is likely to be not worth it, I prefer to wait for a weaker transaction fee.


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Re: Fees are so high. what can we do?
« Reply #39 on: May 24, 2021, 05:48:40 AM »
Well, all the charges schedule depend on the Exchange as if there is some exchange charging low fees but they provide BTC price low and there are exchanges who charge high but provide BTC price at a good selling rate.
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Re: Fees are so high. what can we do?
« Reply #40 on: May 26, 2021, 11:45:32 PM »
Yep, Bitcoin transaction fees are quite high nowadays. I am still keeping my Bitcoin on Segwit wallet because it spends expensive fees to send to exchanges. However, I have planned to send it to exchange once the price of Bitcoin can return above $50K. If it really happens, I will send my Bitcoin, I don't care even if the price of transaction fees is very expensive. As long as it is worth selling, I will send it with any number of transaction fees.
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Re: Fees are so high. what can we do?
« Reply #41 on: May 27, 2021, 04:01:11 PM »
High fees is a major problem in crypto market. Small traders are the main sufferer of this system. Some platforms are taking illogical fees which is sometimes becoming beyond the capacity. Your suggestion for using other platform is good but it is not possible to maintain all the time. So the fess should be logical. Platforms should decrease their high fees. It will encourage the traders to use the platform more which will ultimately increase the trade volume. This effect will finally positively affects the income of the platforms.

Offline Churphans

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Re: Fees are so high. what can we do?
« Reply #42 on: May 27, 2021, 07:22:01 PM »
Ethereum gas fees have been much lower for some time than before, but in some cases etherium gas fees are still higher.  Ethereum network is much more fee when it comes to swapping tokens at Uniswap.  In this case, many small investors and traders do not want to swap.

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Re: Fees are so high. what can we do?
« Reply #43 on: May 28, 2021, 07:16:21 AM »
Transactions are now much more free than at other times. In this transaction, we can never say that the normal transaction is fee. Because we have seen in the past that Bitcoin transactions are fee. Now that Bitcoin transactions are much more fee, it is better not to trade from the Bitcoin platform at present.
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Re: Fees are so high. what can we do?
« Reply #44 on: May 29, 2021, 05:32:53 PM »
When we are about to make a transaction and the cost suddenly rises high, of course it will be a disappointment in itself for us.  However, if the transaction can be pending first, then we should wait for the price of the transaction fee to go down first, but if you are forced to transact with a large fee then just do it.

 

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