Need Advice for Cheap Swapping on ETH

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Need Advice for Cheap Swapping on ETH

I want to make some profit by buying ETH cheap and selling whenever it goes up  through metamask and swap it into usdt/usdc to safe my profits.

The only thing is that the fees through uniswap are really high, which are like 150-170$ on a 60k swap from eth to usdt on both ways.

is there any other alternative which is cheaper, as i dont want to use any CEX

Lakshitha Kumara Answered question May 23, 2024
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Yeah, that one of the reason swapping on chain on Ethereum sucks.

I suggest you use Layer 2 instead like Polygon, arbitrum or optimism. The swapping and transaction fees are much cheaper there. So what you are going to do is probably use a CEX or bridge. Send your ETH there and swap it for USDT and then withdraw USDT on a layer 2 and then use it to buy and sell ETH on a layer 2 via Uniswap.

Lakshitha Kumara Answered question May 23, 2024
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