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How can I send NFTs without paying high transaction fees?

avatarMuhammad FauziDec 26, 2021 · 3 years ago3 answers

I want to send NFTs but the transaction fees are too high. Is there any way to send NFTs without paying such high fees? I'm looking for a solution that can help me reduce the transaction costs while still ensuring the security and reliability of the transaction.

How can I send NFTs without paying high transaction fees?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One way to send NFTs without paying high transaction fees is to use layer 2 solutions. Layer 2 solutions are built on top of existing blockchains and aim to improve scalability and reduce fees. One popular layer 2 solution for Ethereum is called Loopring. It allows you to send NFTs with significantly lower fees compared to on-chain transactions. By batching multiple transactions together and settling them on the Ethereum mainnet, Loopring can achieve cost savings. However, keep in mind that using layer 2 solutions may require additional setup and may not be as widely supported as on-chain transactions.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking to send NFTs without paying high fees, you can consider using alternative blockchains that have lower transaction costs. For example, Binance Smart Chain (BSC) is a popular blockchain that offers lower fees compared to Ethereum. You can mint and send NFTs on BSC using platforms like BakerySwap or PancakeSwap. Just make sure to do your research and choose a reputable platform to ensure the security of your NFTs.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we understand the frustration of high transaction fees when sending NFTs. That's why we've developed a unique solution to help users send NFTs without paying exorbitant fees. Our platform leverages a combination of layer 2 technology and cross-chain interoperability to provide a seamless and cost-effective experience. With BYDFi, you can enjoy the benefits of reduced transaction fees while still maintaining the security and reliability of the transaction. Give it a try and see how BYDFi can revolutionize your NFT transactions!