Post
Topic
Board Altcoin Discussion
Re: ETH's fees on "De-Fi" platforms are ridiculously high
by
seamusdorakos
on 09/09/2020, 05:01:26 UTC
The fee is too much I think. It's ridiculous. Yesterday I tried to swap some UNIFI token on Uniswap it was showing me 45$ in fee for only 150$ of token transaction. How a trader will make a profit if he has to give more than 20% as a fee. I am fed up with ethereum blockchain and fees. I suggest Tron blockchain over ETH now. 100 times better than ETH in many prospects.
This is obviously one of the main options.
As trader you also should understand that high fees are that high only because of incredible defi demand at the moment - that exact demand gives huge boost to some alt's price and thus your trading can be profitable in the first place.
But that comes in with a price and you surely can switch to Tron or other blockchain.
I've decided to hold my funds and wait for things to settle down / or for ethereum to be updated