the experiance with crypto is worse than anything I could have imagined. I thought that the whole system was more agile than the legacy bank system. It is not.
Yesterday I wanted to convert USDC to eth… i was asked to fund my account with around $60 dollars for the ‘gas’ fee on a transaction of 620$. This is already outrageous. Anyway I went ahead and launched the conversion.
It’s been 12 hours and the conversion is in “submitted” status. So I guess that 10% in fees is not enough so I wanted to cancel the transactions as suggested in Metamask docs.
I have $75 eth remaining in my account, yet when I try to cancel it reads “insufficient funds”.
So what, cancelling will cost $100+ of dollars? What kind of extortion is that?
In my Transaction history i see 2 submitted transactions:
- USDC approve: with a fee of 0.000273 eth
- Swap USDC to ETH: 0.01661 eth fee
With this kind of fees around $60, much larger than anything I would pay in the legacy bank system, how much time should I expect for the transaction to be completed? Days? Weeks? Months?