Post
Topic
Board Altcoin Discussion
Re: Paying ETH fees?
by
JamesDaniel90
on 06/10/2023, 14:33:25 UTC
2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?
Do this now, the main reason for this is not really the cost but how long it could take for your transaction to be confirmed, once the bull market starts not only a bunch of coins will be released over the ethereum network, but many people will begin to move their coins as well, so if you wait until then to send some ethereum to move your coins you will lose hours and maybe even days before that ethereum arrives to your wallet, and by the time it does you could have wasted the opportunity to sell your coins for a high price.

That is a good point - I will buy $100 of ETH later today that should cover me , thanks