The Binance wallet transaction pits are quite numerous. After testing for the past two days, the lowest cost solution is still the SOL chain. Here’s a bit of experience to share with my brothers:
- Currently, under normal circumstances, the Gas fee on the SOL chain is <0.05 USD. Of course, if the market on the SOL chain heats up, sometimes even 1 USD can’t hold back the Gas fee; whereas on BSC, the Gas fee is mostly between 0.3-0.5 USD.
- Choose trading pairs with low volatility and larger pools. Today I selected the SOL tokens GRASS and KMNO, and for a 130 USD transaction, the loss was less than 0.2 USD, though it might just be my good luck. Similarly, for BSC tokens, the loss is at least over 0.5 USD.
- Pay attention to slippage; today there was a Jager trade on BSC with an additional tax, costing as much as 10%! For a 130 USD transaction, I lost 13 USD. It’s too much of a pitfall, brothers, be sure to pay attention!
- In summary, choosing SOL is the lowest cost, while choosing BSC can offer some short-term opportunities, such as going to Binance, etc.
