Title: How to Make Free Transactions on Ethereum: Guide
Demonstration
Ethereum is one of the most widely used blockchain platforms and high transaction fees have long been a major concern for users. There are several solutions available for individuals who want to make small transactions without excessive costs. In this article, we will explore how to send Ethereum coins for free.
The Problem of High Fees
High transaction fees on Ethereum can be frustrating, especially when sending small amounts of money. Fees are usually calculated based on the block reward and trading gas prices, which have increased over time. For example, a transaction worth 0.00001 BTC would normally cost around $2-5 in fees, but at the current block reward and gas price, fees could easily exceed $20-30.
Solutions for Free Transactions
Fortunately, there are several ways to make free transactions on Ethereum:
- Use Unconfirmed Transaction (UCT) mode: If you are sending a small amount of Ethereum coins, you can use Unconfirmed Transaction (UCT) mode to bypass the fee calculation. UCT is a temporary, unconfirmed transaction that allows a sender to send a limited amount of Ether without fees.
- Use Infura API
: Infura is an open-source API from Coinbase and other exchanges that allows users to create an Ethereum wallet and make transactions using their own funds. By creating an Infura account, you can use your own funds instead of relying on another user’s funds.
- Use a third-party wallet with free transaction limits: Some third-party wallets, such as MetaMask or Electrum, have fee-free transaction limits that allow users to send small amounts of Ethereum coins for free.
Using the Infura API
You can use the Infura API as follows:
- Create an account on the Infura website.
- Create a new wallet and add it to your Infura account.
- Choose 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
You can use MetaMask as follows:
- Download the MetaMask app from the Google Play Store.
- Create a new wallet by following the instructions in the app.
- Choose the Ethereum network (Mainnet or Testnet) and select the transaction type (Send).
- Set the recipient address and the amount of Ether to send.
Conclusion
Sending small amounts of Ethereum coins for free is now possible using third-party wallets, the Infura API, and MetaMask. By using these solutions, users can avoid high transaction fees and conduct transactions efficiently. Although fees may still apply in certain cases, conducting free transactions on Ethereum has become a viable option for many users.
Additional Tips
- Always check online fees before sending a large amount of Ether.
- Use Infura or MetaMask to conduct 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.