Post
Topic
Board Altcoin Discussion
Re: Ethereum fees are becoming like Bitcoin fees
by
Kotone
on 29/07/2020, 09:02:14 UTC
Lately ETH fees have increased and I have been paying ~50 cents for a normal ETh transaction, but then - $1 for contract functions. Used to be a few pennies at most to get your transaction confirmed quickly and now it's $1+.
Not just $1 some can range from $4 to $10 fees. I think I better wait for a right time before I can do some transaction again. This gas fee is really annoying. I do hope when eth 2.0 release they could find a way on how to reduce transaction fee in spite of usage too much of the network.

Which platform you are using to execute your transaction? Even bitcoin transaction fee is increasing. Almost all bucks are just going on the tx itself, I do hope it recede soon.