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Re: ErnieBilco post# 117

Wednesday, 05/19/2021 4:02:13 PM

Wednesday, May 19, 2021 4:02:13 PM

Post# of 739
Fwiw, since you were transacting USDT, those fees you mentioned actually have nothing to do with Voyager.

Usdt is an ethereum based ERC20 token and ethereum gas fees have skyrocketed lately due to network congestion. I literally had to pay over $300 in two transactions last week and I wasn't even using an exchange.

Since ethereum fees went crazy sending any ethereum based token, such as your usdt, from one wallet to another right now, will be incredibly expensive, regardless of the platform that you are sending them from because that exorbitant fee is from Ethereum and not the trading platform used to do so.

They were actually significantly higher a couple of weeks ago but should be worked out and reduced mid July by way of their EIP-1559 upgrade for fee reduction.

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