Post
Topic
Board Altcoin Discussion
Re: I'm scared of ethereum gas fee
by
UniversityCoin
on 14/10/2020, 22:58:05 UTC
yes, the current increase in ETH fees is going crazy and this can be problematic. I mean, If you are trading a very small cryptocurrency turnover, you have to withdraw from the exchange 1 time in a few months so as not to lose a lot of commissions, this is one way. Only trade on the stock exchange and don't withdraw for a long time.

I used to transfer tokens between exchanges quite often, if I could buy them on one exchange cheaper and sell them on the second more expensive. Now I stopped doing this because of the high commissions of the ether network. Now this method does not bring me any income and it upsets me.
Actually, we can't trade on the decentralize exchange for this high cost. Send Ethereum>Deposit>maketransaction>withdraw>send it to my wallet. Maybe you could use centralized exchange for these types of transactions and use Binance coin to change from one exchange to another exchange. Now I'm ignoring the low price ERC-20 tokens to sell that can't recover the transaction.

It all depends on the expected profit from trading. If it covers all the costs of making all transactions, then why not trade? Just such Commission sizes limit the possible trading options. And also suffer those who in the pursuit of profit incorrectly calculated the amount of all commissions and because of this received losses.