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Binance ETH Gas Fees

Binance

Cryptocoins Exchanges / Binance 317 Views

Anybody else notice how Ethereum network gas fees are as low as 6 gwei right now for a slower transaction (approximately 24 cents) whereas on Binance, withdrawing ERC-20 tokens still costs a whopping $13-$18? I literally deposited to an ERC20 smart contract and it cost me 50 cents and took about 30 minutes. Time is not an issue, especially when a $18 gas fee would frontrun the entire network at this point in time lol..

I moved my $SUSHI over to Binance and then realized that I would earn greater APY from staking xSUSHI on Sushi Swap, but I'm not down with having to pay a fee 50x higher than it should actually be.. Am I being swindled or what?

submitted by /u/inducedconfusion
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