How to send ETH to Metamask without paying high gas fees
The high gas fees for any transaction on the Ethereum network is a recurring topic and one of the great current disadvantages of operating with this blockchain.
Fortunately, its next update promises a 99% reduction in gas fees by changing its consensus protocol from Proof of Work (PoW) to Proof of Stake (PoS).
However, this is not a change that will be made overnight and it is just one of the improvements that the development team is working on, so it would still be several months before its deployment.
Send $ETH to Metamask without paying high gas fees
If you are like me, you probably buy your cryptocurrencies on centralized exchanges like Binance or Kucoin, but then you need to transfer them to your Metamask wallet (or another ERC20 wallet) to buy an NFT or any other transaction you want to make.
After researching and trying various options, I found that this is the best way to pay less commission fees, in this case, I’ll use Metamask as an example:
- Buy $MATIC or exchange your $ETH for $MATIC.
You can do this with the “swap” option present in all exchanges.
If you haven’t bought the $ETH you need yet, it’s best to buy $MATIC directly.
- Send the $MATIC via Polygon to your Metasmask.
Remember that you must have previously configured the Polygon network in your Metamask.
- Trade your $MATIC for $WETH.
Once you have the $MATIC in your Metamask, go to Uniswap and swap your tokens from $MATIC to $WETH.
- Exchange your $WETH in Polygon for $ETH on the Ethereum network.
When the transaction is complete, you need to go to the Umbria bridge and here you can choose to exchange your $WETH tokens for $ETH.
As you can see, we have used Polygon, which is a layer 2 network on the Ethereum blockchain, to make the purchase/swap and send the tokens from a centralized exchange to our Metamask wallet paying much less transaction fees.
On weekends, especially late at night or early in the morning, commission rates are much lower.
Do you know of any other ways to avoid paying high gas fees? What method do you use?