how can send it back to Binance without paying too much ETH fess?
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Hi @stevelopez ,
You can change the gas fees if you want:
Fees are required in order to submit a transaction on the Ethereum (ETH) Network. The fees are set by the app based on the recommended Gas price fetched on the Ethereum nodes. When there is network congestion, the fees become higher . Changing the fees can cause your transaction to get stuck or fail.
All of the fees are paid to the miners regardless of wether the transaction gets confirmed or cancelled.
Fees are not refundable.
Learn more about how ETH Gas fees are calculated: What is EIP-1…
Here’s the explanation as to why the fees are high:
More Transactions = Higher Fees
Ethereum (ETH) transaction fees increase when the network is busier. This is caused by more people making transactions like sending tokens, trading on DEXes or depositing their assets to lending platforms.
A recent tweet by WeissCrypto states that:
https://twitter.com/WeissCrypto/status/1262769670664400896
According to this post , “The average fee per transaction on Ethereum reached $6.04 Wednesday night (August 12), according to Blockchair, the highest fees …
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ETH gas fee is crazy, we are very lucky that there is now BSC network. Thanks to Binance for developing such an amazing and excellent Binance Smart Chain network. Now we can transact anytime with super cheap gas fee.