Title: How to Make Free Transactions on Ethereum: 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. For those who want to make small transactions without incurring high costs, there are a few solutions. In this article, we will explore how to send Ethereum coins for free.
The Problem with High Fees
The high transaction fees on Ethereum can be frustrating, especially when sending small amounts of money. Fees are typically calculated based on the block reward and transaction gas prices, which have increased over time. For example, a 0.00001 BTC transaction would typically cost around $2-5 in fees, but at the current block reward and gas prices, it can easily exceed $20-30.
Solutions to Free Transactions
Fortunately, there are several ways to make free transactions on Ethereum:
- Use Unconfirmed Transaction (UCT) Mode: When sending a small amount of Ethereum coins, you can use Unconfirmed Transaction (UCT) Mode to avoid being charged a fee. UCT is a temporary, unconfirmed transaction that allows the sender to send a limited amount of Ether without paying 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 balance. Once you create 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.
How to use the Infura API
To use the Infura API, follow these steps:
- Sign up for 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 you want 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 provided 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 you want to send.
Conclusion
Sending small amounts of Ethereum coins for free is now possible using third-party wallets, the Infura API, and MetaMask. Using these solutions, users can avoid high transaction fees and make transactions efficiently. While calculating fees may still be necessary in certain cases, free Ethereum transactions have become a viable option for many users.
Additional Tips
- Always check the network fees before sending large amounts of Ether.
- Use Infura or MetaMask to make free transactions rather than relying on other users’ balances.
- Consider using a third-party wallet with free transaction limits to save money and avoid high fees.