Title:
How to Make Free Ethereum Transactions: A Guide
Introduction
Ethereum is one of the most widely used blockchain platforms, and its high transaction fees have long been a major concern for users. There are several solutions available for people who want to make small transactions without excessive costs. This article will look at how you can send Ethereum coins for free.
The Problem with High Fees
Ethereum’s high transaction fees can be frustrating, especially when you’re sending small amounts of money. Fees are typically calculated based on block fee and transaction gas prices, which have increased over time. For example, a transaction of 0.00001 BTC would normally cost around $2-5 in fees, but with the current block fee and gas prices, it can easily exceed $20-30.
Free Transaction Solutions
Luckily, there are several ways to make free Ethereum transactions:
- Use Unconfirmed Transaction Mode (UCT): When sending a small amount of Ethereum coins, you can use Unconfirmed Transaction Mode (UCT) to bypass fees. UCT is a temporary, unconfirmed transaction that allows the sender to send a limited amount of Ether without incurring fees.
- Use the Infura API: Infura is an open-source API provided by Coinbase and other exchanges that allows users to create an Ethereum wallet and make transactions using their own balance. By creating an Infura account, you can use your own balance instead of relying on another user’s balance.
- Use a third-party wallet with free transaction limits: Some third-party wallets, such as MetaMask or Electrum, have free transaction limits that allow users to send small amounts of Ethereum coins for free.
Using the Infura API
To use the Infura API, follow these steps:
- Register an account on the Infura website.
- Create a new wallet and add it to your Infura account.
- Select the Ethereum network (mainnet or testnet) and select the transaction type (send).
- Set the recipient address and the amount of ether to send.
Using MetaMask
To use MetaMask, follow these steps:
- Download the MetaMask app from the Google Play Store.
- Create a new wallet by following the instructions in the app.
- Select the Ethereum network (mainnet or testnet) and select the transaction type (send).
- Set the recipient address and the amount of ether to send.
Application
Sending small amounts of Ethereum coins for free is now possible thanks to third-party wallets, the Infura API, and MetaMask. By using these solutions, users can avoid high transaction fees and transact efficiently. While calculating fees may still be necessary in some cases, making free transactions on Ethereum has become a viable option for many users.
Additional Tips
- Always check online fees before sending large amounts of Ether.
- Use Infura or MetaMask to make free transactions instead of relying on other users’ balances.
- Consider using a third-party wallet with free transaction limits to save money and avoid high fees.