I am more interested in altcoins than bitcoins because they offer more return on investment but we are not in a bull market yet and ethereum gas fees keep going up since yesterday, only when you send ETH from wallet wallet to wallet but the real problem is when you plan to send tokens from one wallet to another, gas is running high and that makes me wonder what happens in a bull market, since most of my tokens are on Erc-20 channel, what is a good way to prepare for this?
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There are a lot of crypto coins that have nominal fees for sending, for instance, LTC, BCH, etc. Sonme tokens have high fees for instance BTC and ETH. However, you can choose the coin with low fees and save money on fees. I mean why do you have to send payment in BTC or ETH when you can easily do soRead more
There are a lot of crypto coins that have nominal fees for sending, for instance, LTC, BCH, etc. Sonme tokens have high fees for instance BTC and ETH. However, you can choose the coin with low fees and save money on fees. I mean why do you have to send payment in BTC or ETH when you can easily do so through LTC or BCH. Coin conversion should not be a problem these days as there are a lot of exchanges where you can easiuly convetrt any coins.
See lessYes, high gas fees for sending tokens can be a problem. Gas fees are like transaction fees you pay for using the network, and when they're high, it can make sending tokens expensive. This might discourage people from using the network, especially for smaller transactions. It's like if sending a smalRead more
Yes, high gas fees for sending tokens can be a problem. Gas fees are like transaction fees you pay for using the network, and when they’re high, it can make sending tokens expensive. This might discourage people from using the network, especially for smaller transactions. It’s like if sending a small package cost as much as sending a big one. People might look for alternatives with lower fees or wait until fees go down. High fees can also slow down transactions and make the network crowded. So, yes, high gas fees can make using and sending tokens less convenient and more costly.
See lessIt's been a long time since I avoided using or transacting Ethereum and all of its tokens, even though in fact I also have Ethereum worth not more than $1000, the high gas fee makes us have to think twice so we don't lose. Many factors can affect the Ethereum gas fee such as network congestion, highRead more
It’s been a long time since I avoided using or transacting Ethereum and all of its tokens, even though in fact I also have Ethereum worth not more than $1000, the high gas fee makes us have to think twice so we don’t lose. Many factors can affect the Ethereum gas fee such as network congestion, high demand and scalability,
If you have tokens that are mostly ERC20, to reduce transaction costs you can use bridges like the metamask wallet.
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