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re: OFFICIAL NFT Thread - FAQ and Drop Information
Posted on 9/13/21 at 9:05 pm to castorinho
Posted on 9/13/21 at 9:05 pm to castorinho
Castor,
got a couple question for you. considering dipping a toe into eth pond. know I'll need to buy eth and transfer to metamask just like phantom with Sol.
questions: how bad are gas fees for a mint and how much should I expect to lose just to try. tips to help appreciated.
Also: is there gas fee added to buy on opensea and if so how much there?
eta: I don't think I'm going to be able to get it all sorted out comfortably before the mint, but you ETH guys may want to look at Galaxy Eggs. thought they were completely different and pretty cool and have legit artist in charge and pretty big following.
got a couple question for you. considering dipping a toe into eth pond. know I'll need to buy eth and transfer to metamask just like phantom with Sol.
questions: how bad are gas fees for a mint and how much should I expect to lose just to try. tips to help appreciated.
Also: is there gas fee added to buy on opensea and if so how much there?
eta: I don't think I'm going to be able to get it all sorted out comfortably before the mint, but you ETH guys may want to look at Galaxy Eggs. thought they were completely different and pretty cool and have legit artist in charge and pretty big following.
This post was edited on 9/14/21 at 7:08 am
Posted on 9/14/21 at 1:58 pm to adamau
quote:It's entirely driven by the kind of demand the drop has, and hard to predict. But for the most part, if you're trying to flip immediately after the public sale (aka not taking into acct the project's merit), then it's almost always worth it especially if you get multiple. Some people just can't stomach paying fees that are much higher than the underlying item.
questions: how bad are gas fees for a mint and how much should I expect to lose just to try. tips to help appreciated.
For example, look at these two different transactions. One is someone minting a galaxy egg, the other is someone buying a galaxy egg off opensea after the mint. Fees look scary in the mint, but which one is cheaper overall?
quote:yes, depends on what's going on with the blockchain. When there isn't a huge drop clogging traffic, it's in the 0.01-0.03 range these days.
Also: is there gas fee added to buy on opensea and if so how much there?
Gas sucks. But typically high gas usually means it's going to be worth it for a quick flip. If you're trying to buy something, target the "quiet" times for low gas fees.
Right now, super selective on long holds.
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