What are the best times to find low gas fees for cryptocurrencies?

3 answers

• Nov 26, 2021 · 3 years ago
  There are several factors that can influence the gas fees for cryptocurrencies. One of the main factors is the network congestion. During peak usage times, such as when there are a lot of transactions happening on the blockchain, the gas fees tend to increase. On the other hand, during periods of low network activity, the gas fees are usually lower. It's important to keep an eye on the network activity and choose a time when the network is less congested to find lower gas fees.
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• Nov 26, 2021 · 3 years ago
  In addition to network congestion, gas fees can also be affected by the type of cryptocurrency you're using. Some cryptocurrencies have higher gas fees compared to others due to their underlying technology or network structure. It's recommended to research and compare the gas fees of different cryptocurrencies before making transactions to find the ones with lower fees.
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• Nov 26, 2021 · 3 years ago
  At BYDFi, we have observed that gas fees for cryptocurrencies are often lower during off-peak hours, such as late at night or early in the morning. This is because there are generally fewer transactions happening during these times, resulting in lower network congestion and subsequently lower gas fees. However, it's important to note that gas fees can still vary depending on the specific cryptocurrency and network conditions. It's always a good idea to check the current gas fees and network activity before making any transactions.
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