I have some low value tokens I earned from a game that I've been slowly converting to ETH over the last few months. Sometimes the gas fees are very low, like around $3 to convert $100 worth of tokens. Today I'm trying to convert about $85 worth, and the gas is about $25-$35 when I get a quote. Seems ridiculous to lose 1/3 of my crypto during a swap. I'll keep checking until I can get it for under $10, but what should I watch for to let me know when the time might be right?
OT: What determines crypto gas fees?
- Thread starter JackShephard
- Start date
Crypto vs. Bitcoin: What You Need to Know | River Learn - Bitcoin Basics
Which digital asset is better for your investment portfolio; which is more likely to be profitable and carries less risk over the long-term?
river.com
- Following the ICO craze of 2017-2019, bitcoin has outperformed crypto by a wide margin.
- Bitcoin’s use as a store of value is well-established, and it continues to get easier to use it as a medium of exchange, too.
- Crypto is riskier to invest in than bitcoin because it is difficult for an investor to accurately assess the risk associated with code from a highly complex and opaque system.
Everybody knows that the President of the United States sets the price of gas....
I don't know anything about ETH, but here is an example bitcoin transaction confirmed in the last block:
mempool.space
The Mempool Open Source Project®
Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.
mempool.space
- value transferred: $814,986
- transaction fee: $2.85 (0.00035%)
- broadcast to confirmation: 12 minutes
- settlement: final
I have BTC. I also keep ETH. The junk token is pure profit from a "game". It is tethered to ETH, so that's the only conversion available. I can convert the ETH to BTC later, but I certainly don't want to pay another crazy high gas fee. While most responses have been humorous, I have learned nothing. Thanks SPS! LOL - just a joke guys.Crypto vs. Bitcoin: What You Need to Know | River Learn - Bitcoin Basics
Which digital asset is better for your investment portfolio; which is more likely to be profitable and carries less risk over the long-term?river.com
- Following the ICO craze of 2017-2019, bitcoin has outperformed crypto by a wide margin.
- Bitcoin’s use as a store of value is well-established, and it continues to get easier to use it as a medium of exchange, too.
- Crypto is riskier to invest in than bitcoin because it is difficult for an investor to accurately assess the risk associated with code from a highly complex and opaque system.
If you find a crypto subreddit to post this on I think you’ll have better luck. Or just search there, it’s probably been discussed already.
According to a friend, you can buy bitcoin via Venmo and use it to fund an offshore gambling app.
ETH Gas prices are based on supply, demand, and network capacity at the time of the transaction. Fees may increase during periods of high transaction volumes.
Best times are weekends and at night (or both). Have you tried “off-peak” times?
Best times are weekends and at night (or both). Have you tried “off-peak” times?
Chain traffic. Generally speaking, gas is highest on ETH during regular business hours 8-5 and much lower early in the morning or at night. If you’re able to use L2s like polygon or base, and it might not be applicable in your case, it will always be cheaper.
Yeah, I already got my answer. I just thought one of our resident crypto bros would enjoy explaining it.
Thank you. This builds on what I found. I was able to get away with about $11 in gas fees today. Still high, but my token was up 11% so it washed.
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