Topic: Cryptocurrencies with the cheapest fees in the world? - page 2. (Read 483 times)

I have not tried or used Nano but I have heard that they charge no fee for transfers or payments and are also fast. Among the traditional players I think Tron is the cheapest fee network atleast among the ones i have used.

Nano is pretty good for micropayments because of its fee-lees model. Transactions settle almost instantly across the network, making it a better alternative than XRP. The real issue is security/reliability as a fee-less model encourages transaction spamming and many other network interruptions. Miners/delegates/representatives won't feel inclined into Nano as much as they would on other cryptocurrencies like Bitcoin or Ethereum. Most cryptocurrencies charge fees to users in order to preserve security/reliability.

Coins with a fee-less structure (like EOS and NANO) might not last for long as they become flooded with spam transactions risking the security/reliability of the entire network. It's why I prefer coins like XRP and Stellar. While they charge fees per transaction, they're much more reliable than others (especially Stellar). I'd prefer to pay a low fee instead of paying nothing knowing that my transaction will go through as intended without any interruptions whatsoever. Until fee-less cryptocurrencies become proven enough for widespread use in the mainstream world, traditional cryptocurrencies will continue to dominate the market.

Nonetheless, it's good to know that there are many coins with cheap fees in the crypto/Blockchain space. Fee-less cryptocurrencies are the cheapest ones in the world, but they come at a cost to the end user. You'd be sacrificing decentralization/reliability for convenience. It's why I'm on the hunt for coins that charge the lowest fees in the world, instead of those whose transactions are completely free. As long as fees are less than a penny in terms of Fiat (USD), you can make micropayments without breaking the bank in a safe and secure way. Time will tell us which coins will remain cheaper to use than Bitcoin, as adoption grows in the mainstream world. Just my opinion



That's very convenient. Thanks for letting me know. This could save me a lot of money when doing day trading at Binance exchange. Bitcoin's high fees makes day trading unpractical. After all, withdrawing BTC from Binance costs you an average of $5 USD. On other coins like TRX and BEP20-based tokens, the fees are ridiculously low. Not to mention, transactions settle almost instantly on the blockchain. I'm glad to know there's a BEP20 version of BTC on Binance Smart Chain. You can enjoy low fees and fast transaction speeds with this Bitcoin-pegged token. With this in mind, Bitcoin's scalability issues will no longer be a concern to the average person.

The average block time of Dogecoin is 1 minute: https://blockchair.com/dogecoin. It is not the fastest coin in transaction speed but one of the cheapest. One Dogecoin is trading with price $0.008977. I try to check the withdrawal on Binance and the transaction fee is 50 Dogecoin that equals to $0.449 for one withdrawal. I am sure it is not cheapest withdrawal methods.

With TRON (TRX), the withdrawal fee is 1.31 TRX or $0.0389

It is withdrawal fee but the withdrawal fee is connected to transaction fee.

Doge coins are also faster and lower to transact, although a lot of lower coins I prefer doge to transact, because at this time ethereum is having a lot of problems with gas fees which are quite expensive in recent times, so many people are turning to other coins. .

If you are looking for altcoin with the cheapest transaction fee, ripple is the best and right option for you. Most of the crypto enthusiasts are using xrp in every transactions in the market.

I always do LTC and DOGE for my alt transactions and convertions. If I want to transfer BTC to another exchange for example, I convert it to DOGE and then do the transfer then I will buy it with BTC. Sounds stupid but trust me, I have already made more gains with doing this method than all the others. Anyway, whatever your tactic is as long as it gives you more profit. Just be always nosy when it comes to doing the transactions.

There are hundreds of ALT coins for this purpose of faster transaction with low fees. Suggesting one of them will be injustice for the others. For newbies, you can go for LTC. For others, they should use masternode coins as these have faster transactions than the standard coins.

Agreed as far as i know that IOTA, NANO and any DAG platforms were not using the stakers or miners to validate the transaction.
I remember that we have discussed about this so many times and DAG coin was the best mechanism that can provide almost or even zero transaction fees with a very good scalability. The tx can be delivered instantly too.

Take a look at IOTA, a DLT oriented to the IoT and Machine to Machine Economy in which fees are prohibitive since data transacted may have a very small value. Unlike Bitcoin, Eth, and others, IOTA uses a DAG as a data structure. Right now a novel decentralized consensus model based on nodes voting on conflicting transactions is being tested in testnet and will be pushed to mainnet this year.

This is a serious project with qualified researchers and developers. No hype, just focus on the vision.

You can get a comparison table with blockchair.com: https://blockchair.com/compare and customize the list of cryptocurrency for comparison. That site does not provide too many cryptocurrency at the moment.

I would prefer to use Dogecoin, Litecoin, XRP (LOL, maybe you don't have good personal feeling with XRP if you get loss with its drama) and TRON (TRX) for my transactions.

When I move my USDT, I choose the TRON (TRX) and in other situations, it depends on the available currencies on the platforms I withdraw funds from or deposit my funds to, I will choose one from Dogecoin, Litecoin or XRP. When I move my funds with altcoins, I don't move big funds. It is a small batch of fund for some expense payments. If I want to move big funds, I definitely will go with bitcoin.

withdraw between exchanges if not using stellar can try doge or trx.
Meanwhile, for inter wallets I compared BEP20 and ERC20 very much cheaper bep20, where the transaction fee is not more than 0.1 $ while for swaps such as exchange at uniswap it does not exceed 1 $ for bep20.

I've heard of Nano before to have the cheapest / free fee for transactions.

https://nano.org/get-nano

I haven't owned any of it nor did any transaction on it. But if that's the description they say, holders and investors or supporters of it can testify that it has free fees for every transaction.

But how it can maintain its network if it is free?

Bitcoin's ever-rising fees has led many people towards altcoins with faster transaction confirmation times and cheaper fees. There are many coins each with their own consensus algorithms and features for scalability. Yet, some of them differ when it comes to the amount of fees charged per transaction. Some altcoins charge as low as 1 cent per transaction, while others are fractions of a cent. This is a very economic model that will encourage further spending on decentralized blockchain networks. Whenever ridiculously low fees will compromise the security of the underlying blockchain network or not, it's yet to be seen.

Among the many cryptocurrencies listed on the market, which do you think has the cheapest fees in the world? A side-by-side comparison would be ideal. Your input will be greatly appreciated. Thanks in advance.