Post
Topic
Board Altcoin Discussion
Re: Ethereum Gas Fees Drop
by
Noruka
on 17/06/2021, 17:57:49 UTC
good news gas costs now only 2$ and even then it's fast, when costs are low like this I immediately send all my tokens worth to an exchange that supports it,
why rush to do it?
I'm sure the situation will get better. because $2 for each transaction is still too big I think even though it's better. but look at how BSC and some other blockchain chains provide lower fees.
I'm sure it could be cheaper.
From my observations, the only way Ethereum gas fees can be lower than this $2 is when you make transactions at night/midnight, over here I would have to stay up till 2am or 3am to be able to do transaction that will cost lesser than $2, although I agree with you other blockchains offer lower gas fees, $2 is still high but its nothing compared to the crazy gas fees war we had during march, April and May, Ethereum needs to improve on this, a retail trader won't be happy to pay $2+ for every token transaction he makes.

I was just about to give this advice you provided. I believe it is mostly the activity of the American market that drives prices up really high, but you transact at the right times you can definitely have fees around $0.70 to $0.80. That finally feels reasonable and makes it also possible to transfer smaller amounts of alts from older accounts and so on.