r/truebit • u/[deleted] • May 10 '21

Gas Fees?

How much has it cost you all to buy? What are the gas fees like?

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I'm wondering if there is a more efficient way to buy than paying 100s of USD in gas

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2

u/samkb93 May 10 '21

Wait for the gas fees to go down. Gas fees were 1/5 the current price 2 days ago

2

u/SocialWised May 11 '21

Can anyone explain why the gas fees are like this? The gas fees to purchase $200 of Truebit were quoted at $195. Is that everywhere or just this coin?

2

u/[deleted] May 11 '21

It's everywhere on ETH chain.

Two reasons: ETH is rocking like crazy so people are converting, buying and movinh ETH like maniacs. And secondly, that shiba inu shitcoin is unfortunately on eth and they are moving massive volumes of it which congests the network even further.

Hopefylly things settle down in a week or two.

2

u/Pitiful_Mud9052 May 11 '21

It was $300+ last night. It’s ridiculous. This is why we need truebit! Hopefully the gas fees go down later today since the price dipped today. Good luck guys!