$100 to move $30 = $70 loss.

So I’ve been investing and buying crypto for a few months now. Was late entry because never understood it or how folks made $. Now a few months in, I’m a believer and see the advantages for many projects.

What I don’t get is the ridiculous fees or gas to use anything Ethereum based. One of the coins I bought was a small amount of Amp. I sold some for a profit and moved rest (500) to my TW. Biggest gas fee at time I’d paid but still less than $5 IIRC.

Learning more about staking, I wanted to move my Amp from TW to start the staking process. Would have cost me $100 to move my $30 worth of Amp. And yes this was at midnight. Refreshing a few times got the cost down to around $80 but still a ridiculous cost to move $30. So it’s stuck there for now.

Again, fan of crypto; but isn’t it a bit hypocritical to bitch about bank fees and ‘the man’ taking it to us if the second largest crypto is worse than any bank fee I’ve ever seen? I know 2.0 ethereum is supposed to reduce these fees but how the hell did Eth get so popular in spite of its ridiculous gas costs to use?

Sorry for ranting but this is the first real negative I’ve encountered so far in the crypto world and honestly surprised how it’s acceptable.

Edit; yes, my bad on the math: would be a $100 loss, thanks smart people ????