What are the best ways to reduce ERC20 fees when sending tokens?

3 answers

• Caroline Mella CrippaApr 23, 2024 · 2 years ago
  One of the best ways to reduce ERC20 fees when sending tokens is to carefully choose the time of your transaction. Ethereum network fees can vary greatly depending on the network congestion. By monitoring the network and choosing a time when the network is less congested, you can significantly reduce your transaction fees. Additionally, you can use gas price trackers to find the optimal gas price for your transaction, which can further help in reducing fees.
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• RonaldJan 31, 2023 · 3 years ago
  To reduce ERC20 fees when sending tokens, you can also consider using layer 2 scaling solutions such as Loopring or zkSync. These solutions allow you to perform transactions off-chain or in a more efficient manner, resulting in lower fees. Another option is to use decentralized exchanges (DEXs) instead of centralized exchanges, as DEXs often have lower fees due to their peer-to-peer nature.
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• Nikhil BhatApr 23, 2021 · 5 years ago
  Well, if you're looking for a solution that can help you reduce ERC20 fees when sending tokens, you might want to check out BYDFi. They have a unique fee optimization algorithm that analyzes the Ethereum network and finds the best gas prices for your transactions. By using BYDFi, you can save a significant amount on transaction fees while ensuring fast and reliable transactions. Give it a try and see the difference it can make!
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