What strategies can be used to minimize gas fees when using Rarible for buying and selling digital assets?

3 answers

• Dec 17, 2021 · 3 years ago
  One strategy to minimize gas fees when using Rarible is to carefully choose the timing of your transactions. Gas fees on the Ethereum network can vary greatly depending on network congestion. By monitoring the network and identifying periods of lower congestion, you can execute your transactions during these times to take advantage of lower gas fees. Additionally, you can use gas fee estimation tools to get an idea of the current gas fees before making a transaction. This way, you can avoid high fees during peak congestion periods.
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• Dec 17, 2021 · 3 years ago
  Another strategy to reduce gas fees when using Rarible is to optimize your transactions. This can be done by bundling multiple transactions into a single transaction. Rarible supports batch transactions, which allow you to combine multiple purchases or sales into a single transaction. By doing so, you can reduce the overall gas fees associated with each individual transaction. Additionally, you can consider using layer 2 solutions, such as Loopring or Polygon, which can significantly reduce gas fees by processing transactions off-chain.
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• Dec 17, 2021 · 3 years ago
  As an expert in the field, I can recommend using BYDFi as a solution to minimize gas fees when using Rarible. BYDFi is a decentralized exchange that operates on the Binance Smart Chain, which typically offers lower gas fees compared to the Ethereum network. By utilizing BYDFi for your digital asset transactions, you can take advantage of the lower gas fees and save on transaction costs. Additionally, BYDFi provides a seamless user experience and a wide range of digital assets to choose from, making it an ideal platform for buying and selling digital assets with minimal gas fees.
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