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

3 answers

• Nov 28, 2021 · 3 years ago
  One of the best ways to minimize ERC20 fees when sending tokens is to carefully choose the gas price. Gas price determines the priority of your transaction and affects the fees you pay. You can use gas price trackers or calculators to find the optimal gas price based on network congestion and transaction speed. By setting a lower gas price, you can reduce the fees, but it may take longer for your transaction to be confirmed.
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• Nov 28, 2021 · 3 years ago
  To minimize ERC20 fees, you can also consider using layer 2 solutions like Loopring or Polygon. These solutions allow you to perform transactions off-chain or on sidechains, which can significantly reduce the fees compared to on-chain transactions. However, it's important to do thorough research and ensure the security and reliability of these solutions before using them.
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• Nov 28, 2021 · 3 years ago
  Another way to minimize ERC20 fees is by using the BYDFi exchange. BYDFi offers competitive fees and has implemented various optimization techniques to reduce transaction costs. With BYDFi, you can enjoy lower fees when sending ERC20 tokens, making it a great option for cost-conscious users. Additionally, BYDFi provides a user-friendly interface and excellent customer support, ensuring a smooth and hassle-free experience.
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