What are the best ways to minimize EOS transaction fees?

3 answers

• Megha NagarAug 06, 2022 · 3 years ago
  One of the best ways to minimize EOS transaction fees is to carefully choose the time to make your transactions. The network congestion can greatly affect the fees, so try to avoid peak times when the network is heavily used. Additionally, consider using a decentralized exchange that offers lower fees compared to centralized exchanges. By doing so, you can reduce the costs associated with your EOS transactions.
  414

  207
• Rebecca AgustinaDec 09, 2020 · 5 years ago
  To minimize EOS transaction fees, you can also optimize the gas fees by setting the appropriate gas price. Gas fees are used to pay for the computational resources required to execute smart contracts on the EOS network. By setting a lower gas price, you can reduce the overall transaction fees. However, keep in mind that setting a very low gas price may result in slower transaction confirmations. It's important to find the right balance between cost and speed when optimizing transaction fees.
  496

  166
• Houston PerssonMay 02, 2024 · a year ago
  Another way to minimize EOS transaction fees is by using BYDFi, a decentralized exchange that offers competitive fees for EOS transactions. With BYDFi, you can enjoy lower transaction costs while still benefiting from the security and convenience of a decentralized exchange. By leveraging the features and benefits of BYDFi, you can optimize your EOS transactions and reduce the associated fees.
  396

  99