Gas fees

[rdluffy]

...

Thanks, I didn't know about these options.

I will just send my coins to binance then . I will take a look on jumper, of possible I will convert them to solana or pol

There's tons of possibilities with these L2s and bridges hehe
My advice for small amounts, like 10 USD for example, don't convert to SOL because it's more expensive, while Polygon (matic) is a good option, cheaper and you can use in more services, and almost all exchanges accept polygon

If you want to bridge higher amounts of ETH to SOL for example, I can help you avoid expensive fees

[bitmover]

...

Thanks, I didn't know about these options.

I will just send my coins to binance then . I will take a look on jumper, of possible I will convert them to solana or pol

There's tons of possibilities with these L2s and bridges hehe
My advice for small amounts, like 10 USD for example, don't convert to SOL because it's more expensive, while Polygon (matic) is a good option, cheaper and you can use in more services, and almost all exchanges accept polygon

If you want to bridge higher amounts of ETH to SOL for example, I can help you avoid expensive fees

I sent them to binance. Even converting to POL is expensive...

Those L2 solutions are still far from cheap imo.

I remeber ethereum in 2017, transactions used to cost less than 0.01 usd. That was cheap. Good old times.

[Bobcrypto]

Recently for sending eth or erc20 coins not take much fees based on OP experienced, here my recently checking at etherscan and looks friendly for fees transaction by sending Ethereum or any coins with ERC20 network. You only spend $1 to $1,5 regarding your kinds transaction as low, average and high depend how faster sending transaction you take.

But need much fees for swap, NFT sale until bridge by using erc20 network, you can wait at the early morning usually have moment with fee of ethereum transaction most cheaper than usually. Right now gas fees around 12 gwei and looks too high than usually taken under 10 gwei and spending small fees for transaction.

My experience on transactions fees on ERC20 tokens was different but my transaction fees on ether was cool in the last three days,. When i sent few ether from my Trustwallet to a Cex exchange, I was charged,$1.2 but when sent an ERC20 token to a Cex exchanges, I was charged $4. I was thinking they should be on the same transactions fees levels

In facts, when there are high traffic on the network, fees are likely to rise, this situation has been happening constantly, and i doubt if there may be some solution to  this networks fees permanent solutions.

[libert19]

Recently for sending eth or erc20 coins not take much fees based on OP experienced, here my recently checking at etherscan and looks friendly for fees transaction by sending Ethereum or any coins with ERC20 network. You only spend $1 to $1,5 regarding your kinds transaction as low, average and high depend how faster sending transaction you take.

But need much fees for swap, NFT sale until bridge by using erc20 network, you can wait at the early morning usually have moment with fee of ethereum transaction most cheaper than usually. Right now gas fees around 12 gwei and looks too high than usually taken under 10 gwei and spending small fees for transaction.

My experience on transactions fees on ERC20 tokens was different but my transaction fees on ether was cool in the last three days,. When i sent few ether from my Trustwallet to a Cex exchange, I was charged,$1.2 but when sent an ERC20 token to a Cex exchanges, I was charged $4. I was thinking they should be on the same transactions fees levels

There is thing called gas limit in Ethereum, it's recommended to be 20K for ETH transfers while 200K for ERC20 token transfers; your ETH transfer used gas within 20k hence it costed less and ERC20 used gas within 200k, hence more cost.

There is no way around it because if you were to use less gas limit, your transactions will fail.

[erus]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

https://etherscan.io/gastracker


I have never sent tokens from the Ethereum blockchain, so I have never felt the fees charged by the platform itself to me. Just for information, if I check it on the Etherscan gastracker now it is around 7.2 Gwei and that is the cheapest and if converted to USD it is around 0.52 dollars. This applies to the Ethereum coin transaction fee.
As for the erc20 token transaction fee, it may definitely exceed 1 dollar or more because I think it is impossible for the erc20 token transaction fee to be cheaper than sending native Ethereum coins.

[Stompix]

In facts, when there are high traffic on the network, fees are likely to rise, this situation has been happening constantly, and i doubt if there may be some solution to  this networks fees permanent solutions.

The solutions are always there right in the open!
Increase the capacity while keeping a minimum fee to prevent spam, we're not in 2009 anymore, I just updated my ARK game and guess what, it had the same size with all the DLC as the whole Bitcoin Blockchain.

An increase by 4 times in the capacity of the chain with a flexible minimal limit to prevent cheap spam is pretty doable, but neither ETH nor BTC will do it, so that's why we have everyone cheering and hyping for Solana.

[rdluffy]

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I sent them to binance. Even converting to POL is expensive...

Those L2 solutions are still far from cheap imo.

I remeber ethereum in 2017, transactions used to cost less than 0.01 usd. That was cheap. Good old times.

Good to know that you didn't lose your money stuck in a network 
Usually I spend 0.5 USD or less in a bridge, but Scroll is one of the most expensive L2 to deal with

For example, from Base to OP, or ARB, or even POL, usually I pay something like 0.20cents for a bridge, or even less

[vegasus]

I have never sent tokens from the Ethereum blockchain, so I have never felt the fees charged by the platform itself to me. Just for information, if I check it on the Etherscan gastracker now it is around 7.2 Gwei and that is the cheapest and if converted to USD it is around 0.52 dollars. This applies to the Ethereum coin transaction fee.

Fees on the Ethereum network change very quickly, and the changes are sometimes quite significant. Hmm, this season I have never used the Ethereum network to send tokens or coins. In the last bullish season, yes I did, and it was very annoying because the fees were very high, even tens and if not hundreds. Just imagine how high the fees were that had to be paid at that time. But sometimes there is no choice, because it was also my fault at that time I forgot to send the ERC20 token as early as possible before the market really soared. As a result, I was forced to send it with a high fee, and sometimes when compared to the results of the token sale, it was quite painful. wkwkkwkw

Anyway, the updated fee right now is around 5 - 6 in Etherscan gas tracker.

[rdluffy]

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Anyway, the updated fee right now is around 5 - 6 in Etherscan gas tracker.

I have some transactions to make but so far it's been expensive to do them
I'm going to keep an eye and get everything ready because I think that in the early hours of today and tomorrow (24 and 25), as it's a holiday, the fees should drop considerably and I'll make the transactions
I'm hoping that the rates will reach 3 or 3.5 Gwei, maybe even less
I'll try to save some money hehehe

[bitmover]

...
Anyway, the updated fee right now is around 5 - 6 in Etherscan gas tracker.

I have some transactions to make but so far it's been expensive to do them
I'm going to keep an eye and get everything ready because I think that in the early hours of today and tomorrow (24 and 25), as it's a holiday, the fees should drop considerably and I'll make the transactions
I'm hoping that the rates will reach 3 or 3.5 Gwei, maybe even less
I'll try to save some money hehehe

I already made a transaction now, as fees are much lower. This tx was pending since 8th november.

I was trying to claim some scroll here https://scroll.io/bridge, which I used by mistake. Now I already claimed it, about 20% in fees... terrible, but better than a few weeks ago

[rdluffy]

I already made a transaction now, as fees are much lower. This tx was pending since 8th november.

I was trying to claim some scroll here https://scroll.io/bridge, which I used by mistake. Now I already claimed it, about 20% in fees... terrible, but better than a few weeks ago

Wow hehehe, more than 40days of a tx 

My strategy worked 
Yesterday I managed to make some transactions at a good cost



I figure I saved about 10 dollars in total
There's still time to make cheap txs no ETH

[albon]

Crypto gas fees are high due to network congestion and demand. Gas fees are costs paid for transactions on blockchains such as ethereum. But ethereum gas fee is very high compared to other networks. When many users are trying to transact simultaneously then the network becomes congested, causing gas fees to rise. These prices vary depending on network congestion. When there are many pending transactions gas prices rise as miners prioritize transactions with higher fees. So, if you want your transaction to be processed quickly then you may charge more gas than necessary.

[salad daging]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

https://etherscan.io/gastracker


I have never sent tokens from the Ethereum blockchain, so I have never felt the fees charged by the platform itself to me. Just for information, if I check it on the Etherscan gastracker now it is around 7.2 Gwei and that is the cheapest and if converted to USD it is around 0.52 dollars. This applies to the Ethereum coin transaction fee.
As for the erc20 token transaction fee, it may definitely exceed 1 dollar or more because I think it is impossible for the erc20 token transaction fee to be cheaper than sending native Ethereum coins.

After checking just now, it turns out that Ethereum gasfee is still quite cheap for now but I have no intention of making transactions on the Ethereum Network.
Yeah for sure to send tokens from erc20 it will be more $1 let alone doing bridging then it can be even more expensive, but for me this is already cheap enough.

[$crypto$]

Crypto gas fees are high due to network congestion and demand. Gas fees are costs paid for transactions on blockchains such as ethereum. But ethereum gas fee is very high compared to other networks. When many users are trying to transact simultaneously then the network becomes congested, causing gas fees to rise. These prices vary depending on network congestion. When there are many pending transactions gas prices rise as miners prioritize transactions with higher fees. So, if you want your transaction to be processed quickly then you may charge more gas than necessary.

Ethereum is indeed known as a network that has high gas fees, which is also what many Ethereum users complain about, more precisely small investors who transact in it.

The reason is that sometimes the costs we have to pay are very high, and even higher than the transactions we will make. I also usually wait until the gas fees are lower before transacting.

[albon]

The reason is that sometimes the costs we have to pay are very high, and even higher than the transactions we will make. I also usually wait until the gas fees are lower before transacting.

Actually this is a disadvantage for me because every time i go to transactions then i see the gass fee is very high. However, gas prices can rise during peak activity times as users compete to process their transactions faster. When demand exceeds the network ability to process transactions, users must compete for limited block space and gas prices are high. But this is especially true for small transactions or users with limited budgets as high fees can reduce the accessibility and attractiveness of using ethereum. It should operate quickly because investors will look for other chains.