Are there any ways to reduce gas fees when using FTM?

3 answers

• Felay SlluSabarmnantiAug 09, 2024 · a year ago
  One way to reduce gas fees when using FTM is to optimize your transactions. This can be done by bundling multiple transactions into one, using batch transactions, or using layer 2 solutions like the Fantom Opera network. By reducing the number of transactions and utilizing more efficient networks, you can significantly lower your gas fees. Another strategy is to choose the right time to make your transactions. Gas fees tend to be lower during off-peak hours when there is less network congestion. By monitoring the gas fees and timing your transactions accordingly, you can save on costs. Additionally, you can explore alternative decentralized exchanges (DEXs) that operate on the Fantom network. Some DEXs may have lower gas fees compared to others, allowing you to save on transaction costs. Remember to always do your research and compare gas fees across different platforms before making any transactions on FTM.
  924

  462
• Johannsen DotsonJan 20, 2021 · 5 years ago
  Yeah, gas fees can be a pain when using FTM. One way to reduce them is to optimize your transactions. You can bundle multiple transactions together or use layer 2 solutions like Fantom Opera. Another tip is to choose the right time to make your transactions. Gas fees tend to be lower during off-peak hours. And don't forget to check out different DEXs on the Fantom network, as some may have lower fees than others. Happy trading! 😄
  434

  145
• meloSep 21, 2022 · 3 years ago
  At BYDFi, we understand the frustration of high gas fees when using FTM. One strategy we recommend is to optimize your transactions by bundling them together or using layer 2 solutions. Timing your transactions during off-peak hours can also help reduce gas fees. Additionally, exploring different DEXs on the Fantom network can provide options with lower fees. Remember to always consider the gas fees and do your own research before making any transactions on FTM. If you have any further questions, feel free to reach out to us at BYDFi.
  540

  135