i am new to using Uniswap exchange and what i have quickly noticed are very high fees with swapping tokens. I mean VERY high!? Is this normal?
Just for example -> When i made a transfer of approximate amount of $100 of ETH from exchange to my Metamask wallet i paid like few dollars of transfer fee but when i wanted to swap approximate amount of $50 ETH to some other token the fee for doing that was like $35…? Is this normal? And if this is normal than i assume that investing small amount through Uniswap is not recommended due to high fees? I would understand if i would swap $1000 from one token to another and pay $35 of fees (and even this is not quite cheap) but paying $35 for swapping $50 of value is unbelievable.
I want to hear your thoughts about this and if there is any “trick” to lower this fees?
Oh and one more thing. From Metamask i transfered USDC to some other wallet and before i could made the transfer i needed to make " Approve USDC spend limit" which was also an expensive operation (about $20 of fee) and than paying extra fee for transfering.
What is this " Approve USDC spend limit"?
Thanks a lot for your replies and help
Have a great day everyone.