How Not To Pay For Gas ETH (Or Reduce It)

How Not To Pay For Gas ETH (Or Reduce It)


In this article I will mention some ways to not pay for Ethereum πŸ…ΆπŸ…°πŸ†‚. We are paying an average of $ 20-30 per transaction, however small tricks can be used to avoid paying for it. I also bring this guide because Publish0x has just added the exchange Kucoin (Signing Up) as an off chain withdrawal method.
In addition to receiving payments on Kucoin (and maybe starting to use it!!!), I may also need to want to transfer sums to another exchange and here we will see how to do it. The first method works well for small amounts (for large amounts I recommend paying for ETH gas, due to the volatility risks).


FIRST METHOD (CHEAPER TOKENS)
The first method is the most obvious one: trading in a cheaper token. If I have to transfer from one exchange to another exchange I can trade ETH (or its Erc20s) in cheaper crypto.
Which cryptocurrencies have transaction costs of a few cents? Litecoin, Polkadot, Cosmos, Bitcoin Cash, Zilliqa, Tron, Cardano, Dash, etc
Obviously it is essential that the token we are choosing, in addition to having low costs, must also be fast.
Why does it have to be fast? Because if this token decreases in value and ETH increases I still have a loss.
A loss that can be convenient for small amounts but inconvenient if I am transferring $ 3000 (the 5% loss would be large).

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SECONDO METHOD (CHEAPER CHAINS)
When I go to "withdraw" I can check if my token also supports cheaper chains.
For example, a widely used chain is that of Tron (Trc20). The great advantage of this chain is that the withdrawal costs are zero.
In addition to supporting ETH, a widely used format in Trc20 is USDT.
If I trade ETH in USDT and move using the Erc20 chain, I will pay a transaction of $ 25 on Kucoin.
If, on the other hand, I use the USDT format (Trc20) I will NOT pay anything for the transaction.
Obviously I have to make sure that the receiving address (the other exchange) also supports USDT in the Trc20 format (Binance supports it).

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THIRD METHOD (CHOOSE RIGHT DAY AND TIME)
It is not a method of not paying for gas but it consists in carrying out the transaction on the "best" days and times.
But what are the best times and days? I can check on this site: IntoTheBlock (DeFi)
Green = cheapest, Red = expensive

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FOURTH METHOD (REGULATE GAS)
This method can be used if you are using a non custodial wallet (Metamask, Atomic Wallet, Trust Wallet, MyEtherWallet, etc) where I can regulate the gas.
I check on ETHGasStation and can adjust the gas. Nobody forbids me to choose gwei below average (standard), however there is a risk that the transaction fails.

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Do you already use one of these methods?

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Are you interested in ways to earn crypto bonus? Check it out here:Β Some Sites To Earn Crypto Bonus (Old & New)

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