Post
Topic
Board Altcoin Discussion
Re: High gas fee for sending token is still a problem
by
wheelz1200
on 27/07/2023, 22:34:33 UTC
I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?

I mean if you don't want to deal with it or see too much risk in those gas fees then bail out sooner than later and put it into a coin with its own blockchain or into platforms with much lower fees, like polygon.  I tend to steer clear myself because if you only own a low amount it cost more to send than what you would receive back.