Re: Where is The Best Place to Buy Ethereum? With Cheap Tx Fee.
I just bought Ethereum from two place and I lost a big amount of money through transaction fees. At first I downloaded Myetherwallet app from Google Play Store and made my registration and set up the wallet and in the wallet home page there is receive and buy ether and I clicked on the buy ether then it linked me to moonpay and I did the registration there as well with normal KYC for centralized exchanges and the amount in dollar display and I selected $50.
to test the results investment and and I paid the amount in my fiat which was NGN43,558.00 and as I made the payment they started the process and in the final stage took about 2hrs because bad network. And finally when the coins arrived it was $20.52 which is about NGN 34964.62
And that means the transaction fee is $7+ which in fiat NGN8,593.38. That is nonsense.
Then again I was thinking that Centralized Exchanges would be better than Ethereum wallet app. So I placed order of $18.50 Ethereum to add it to the other ones and the transaction was very fast. In the exchange I clicked withdraw and was sending to the Myetherwallet address and within some second I received a message that that it has been sent successful and suddenly I still see the coins in the exchange again and the amount has reduced to $14. And I see all these as nonsense altcoins. I have not encountered this in bitcoin. I just lost plenty funds today in the process of investing on altcoin. The transaction fee is too much high and I wanted to invest more but with this transaction fee. I gave up the investment on them.
Is there any platform I can buy Ethereum that I won't pay for high transaction fee like moonpay and Binance, OKX and bitget exchanges?
to test the results investment and and I paid the amount in my fiat which was NGN43,558.00 and as I made the payment they started the process and in the final stage took about 2hrs because bad network. And finally when the coins arrived it was $20.52 which is about NGN 34964.62
And that means the transaction fee is $7+ which in fiat NGN8,593.38. That is nonsense.
Then again I was thinking that Centralized Exchanges would be better than Ethereum wallet app. So I placed order of $18.50 Ethereum to add it to the other ones and the transaction was very fast. In the exchange I clicked withdraw and was sending to the Myetherwallet address and within some second I received a message that that it has been sent successful and suddenly I still see the coins in the exchange again and the amount has reduced to $14. And I see all these as nonsense altcoins. I have not encountered this in bitcoin. I just lost plenty funds today in the process of investing on altcoin. The transaction fee is too much high and I wanted to invest more but with this transaction fee. I gave up the investment on them.
Is there any platform I can buy Ethereum that I won't pay for high transaction fee like moonpay and Binance, OKX and bitget exchanges?
You know what really bothers me about using the Ethereum network? Those super high fees they charge. It's just crazy sometimes! The fee can be way higher than what you're actually trying to send. And when you're looking for a site or exchange with lower fees? Well, good luck with that! I haven't found one yet. It seems like they're all facing the same issue. Those swap or exchange sites can't do anything about Ethereum's gas fee—it's out of their control. So, we're pretty much stuck with it.