Post
Topic
Board Altcoin Discussion
Re: Why Gas Fee is too High?
by
BuNga_cute
on 06/10/2021, 13:15:17 UTC
maybe you are not at the right time when making transactions so you get high gas costs. it's best when making transactions Always pay attention to the right time when gas costs decrease to 32 gwei, because for now 32 gwei is already in the cheap category, because usually when experiencing high spikes up to 100 gwei even more than that. Well, it's best to find the right time when making transactions to make it a little more profitable.
Now Gwei on the Ethereum network is at 60 to 70 Gwei with a transaction fee of around $13 more so it's still a big problem for some people who make transactions in very small amounts, this is what makes small traders unsuitable for using the Ethereum network so prefer a different network for the options.
Yes, this is due to the density of transactions carried out by many people and also because the price of ethereum continues to soar higher. I think this is also very influential with gas costs or transaction fees that don't go down.
but for small traders, if you feel heavy with high gas costs, don't worry because there are many other methods that can be done to reduce the burden.

Every time the price of Ethereum goes up, the gas fee usually increases, perhaps because the Ethereum network is congested. I usually will be
patient waiting for the gas fee to drop, then I will make transactions on the Ethereum network. Or another alternative is to use BSC which is
proven to have a lower cost. So in the end, we ourselves have to decide which step to take, whatever our obstacles in the cryto world, there is
always a solution. Likewise with Ethereum gas fees that increase there is always a way we can take, the most important thing is that we don't panic
and stay calm in making decisions.