Post
Topic
Board Trading Discussion
Re: Need Advice for Cheap Swapping on ETH
by
Mpamaegbu
on 21/04/2024, 20:13:32 UTC
The only thing is that the fees through uniswap are really high, which are like 150-170$ on a 60k swap from eth to usdt on both ways.
It's not a Uniswap thing. It's a general ETH issue. It doesn't matter where you're buying or swapping from, the fees are really crazy. This is the bane of ETH and I believe it's what's keeping it this low in price. Otherwise, ETH is supposed to be in strong contention with Bitcoin for market share. Sadly, it's not. Bitcoin still controls around 50.5% of the market share while ETH still battles with 15%.

Anyway, the trick I've used to get lower gas fees during swaps is to do it at midnight. Fees often drop during such time where I stay and that can be because of less traffic at such time.