Need Advice for Cheap Swapping on ETH
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
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