fee matters when it gets too unbearable, for example you want to trade perpetual using DEX, you definitely won't want to use ethereum for that since each trades gonna costs you an arm and leg.
that is exactly why the L2 exists, to give alternative but sometime the project that are good usually deploy token in the ethereum so we can't really choose what blockchain we gonna use for most of the time.
being a person that tries to find opportunity through various dapps and so on what you can do is that you must be a flexible person using whatever blockchain available by also judging whether it gonna benefits you or not.
for example claiming token in ethereum blockchain, if the token worth more than the fee itself maybe multiple folds then its gonna be fine, i will definitely try to claim that token, its only problematic if the fee far outweight the worth of the tokens.
i'm sure most of crypto users doesn't really care about what blockchain they use anyway as long as its fast and functional people are already happy.
Topic: Do low fees matter most in choosing crypto platforms, or other factors? - page 2. (Read 491 times)
April 30, 2024, 02:44:46 AM
April 29, 2024, 10:33:36 PM
However, if I'm choosing coins/tokens to buy I look at the chain they're on. I do this to have an idea what swapping or withdrawal fees will be like when I'm selling off. This is why I always avoid Ethereum based projects. Fees are scary on them.
While one of the factors to consider is the cost of any kind of fees, I think it really depends on how much you are making transactions and whether it’s worth it. I mean I wouldn’t want to risk having little to no security for inexpensive fees.
Although if I find a crypto platform both with cheap fees and functions well with an adequate or maybe even much impressive security then that would be best.
April 29, 2024, 04:20:27 PM
I prioritize the safety of my funds over transaction fees while choosing exchanges. Safety first for me and that's why I will never subscribe to any exchange with a trust score less than 8/10. I can't risk my capital over minimal difference in fees. Most of those scam exchanges might even deliberately reduce transaction fees so as to get in more people to their platforms to scam at the end.
However, if I'm choosing coins/tokens to buy I look at the chain they're on. I do this to have an idea what swapping or withdrawal fees will be like when I'm selling off. This is why I always avoid Ethereum based projects. Fees are scary on them.
However, if I'm choosing coins/tokens to buy I look at the chain they're on. I do this to have an idea what swapping or withdrawal fees will be like when I'm selling off. This is why I always avoid Ethereum based projects. Fees are scary on them.
March 01, 2024, 11:35:19 AM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
are you guys developing a crypto platform? is it like an exchange or a wallet? or regarding business platforms that accept crypto?When it comes to crypto you certainly have to consider the security of the platform. because it will be related to the funds of your platform users.
Cheap transaction fees are also an important part. But also pay attention to how you provide friendly support and resolve problems quickly.
The interface is also important because it builds an impression on the users of your platform.
Actually, you know what a crypto platform must have.
March 01, 2024, 11:09:49 AM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
It depends on your preference and needs, however is my view lower transaction fees does matter a lot, specially for frequent traders, low fees platform offer cost effective solutions when volume of trades is on higher side.. However, there are also other factors such as security of platform is of paramount importance due to numerous incidence of security breaches, particularly on Decentralized Finance (DEFI). Additionally, a User friendly platform interface and easy to use is also crucial for new comers to navigate seamlessly.
March 01, 2024, 10:41:43 AM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
My personal perspective is that low fees are very important because I personally sometimes want to send one of the tokens but the fee is high. I will wait for the fee to be low first before sending the token. Maybe people are different and there are those who prioritize security rather than low fees, but one of the complaints is that there are many. in the crypto community, the fees are too expensive
February 29, 2024, 08:08:00 AM
Low fees does not really matters, though I have not really gotten the clear picture of what you want to do and why you are seeking for a transaction or coin that has a low fee transaction rate I can say that it does not really matter all depends on what you want to do with the coin and the trend of the coin at the point.
using it as a middle of payment or to buy commodity.
Meanwhile, some other is for Trading, so after Trading, the fees does not really matter to them because they have made more than but it can really be Matter for someone that is just using it for transaction, yes no really matters because it will really affect imagine you paying $15 as fees or $20 fees for a transaction of $100 by transaction of $500 below. I can see that this depend on what you want to do with the cryptocurrency.
using it as a middle of payment or to buy commodity.
Meanwhile, some other is for Trading, so after Trading, the fees does not really matter to them because they have made more than but it can really be Matter for someone that is just using it for transaction, yes no really matters because it will really affect imagine you paying $15 as fees or $20 fees for a transaction of $100 by transaction of $500 below. I can see that this depend on what you want to do with the cryptocurrency.
February 28, 2024, 02:12:23 PM
I would say that it has "some" situation and that has to be something that will take some time and we could end up with a much better solution in the end. We could definitely see the situation getting different and we should consider getting better eventually. We need to consider fee's to be important but also not the only thing that matters at all because there are other stuff that would mean it could be very different situation without a doubt.
I think we should consider the situation to be a bit different, and that has to be the most important thing, like branding is important to create some trust and that has to be the most valuable thing over fee's and we can definitely do a lot more important and get a greater result.
I think we should consider the situation to be a bit different, and that has to be the most important thing, like branding is important to create some trust and that has to be the most valuable thing over fee's and we can definitely do a lot more important and get a greater result.
February 27, 2024, 10:51:42 PM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
Choosing the right platform is very important, especially in terms of trading costs and withdrawals are also important factors that need to be considered, and apart from that we also have to look for a platform that is trusted, especially in terms of security features and also has a good reputation. However, in-depth research must still be carried out so that we get a platform that suits our needs.And I think Binance is still a popular choice, with its user-friendly interface and easy withdrawal options and low withdrawal fees. Additionally, Bidget is also reliable and has one of the most competitive low transaction fees.
February 27, 2024, 10:24:14 PM
I prefer using a trusted and reputed platform than going after low fee. The second factor is to check whether in the past the platform suffered security issues. The last factor for me is to check whether the platform has good volume. Transaction fees is something that doesn't matter when anyone is trading with big amount and there are ways in getting low fees. Transaction fees should be the last ting in the mind of a trader.
February 27, 2024, 09:49:17 PM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
For me, it's more than just security. User-interface and features are also necessary, but more than that, I look at the public opinions directed towards the platform. For instance, I only recently started using bitget because I heard a lot of people discuss some of its recent team development and crazy token price growth over the past few months. I have thebfirm belief that hatever a platform or company is doing will be revealed in the public opinions that they attract from everyday users. PS: if you're one interest in hearing other people's opinions on certain cryptocurrencies or crypto platforms, X is a great place to start looking.
February 27, 2024, 05:31:27 PM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
Low transaction fee is also one of the priority but the major one I always consider is the price rate and not the transaction fee. There are some exchanges that buy someone bitcoin with very low rate and while so.e are very high rate. Because what humans need in exchange is the one with the highest price and not with lowest price in selling. Low transaction fee is one of the factors as I Said. But people use highest pay exchange and the lower ones. But if you follow profit in the stable coins line, be prepared to be bankruptcy though it is not a prayer but it is likely happens there. 
February 27, 2024, 04:39:27 PM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
Network fee is very important to be considered when choosing any platform for your cryptocurrency transactions.The chain the platform is operating matters a lot because we have BSC, Eth, Cardano, Solana, and others; these platforms have different transaction fee, therefore, you have the chance to make some decisions and changes in order to have smooth transaction.
Exchanges almost have similar fee, Although some exchanges are cheap, therefore, the network or transaction fee is the main reason why some people make some research’s before choosing the exchange that will favor them in terms of transaction fee.
February 27, 2024, 04:33:21 PM
When choosing a cryptocurrency platform, do you prioritize seeking out those with lower transaction fees, or do other factors such as security, user interface, or available features take precedence in your decision-making? Share your perspective below and let's discuss the key considerations within our community!
Not at all, as it was very important to consider their reputation first before anything. Yes, it is the security of our funds that matters the most, or else, we are taking a high risk and the possibility of losing our funds right after the deposit. That is why it is necessary to conduct research first before making any transactions. Perhaps, it was highly recommended to use only reputable and known exchange platforms rather than trying new ones to avoid scams. Taking extra caution saves us from losing our money and we should not neglect doing this all the time knowing that there are a lot of fake/scam platforms online. February 27, 2024, 04:09:32 PM
The answer is very simple as it lies with the current market capitalisation as BTC is more expensive to transfer as the fees are higher and it can be crazy at time but why do you think people still prefer Bitcoin over there Altcoins which has almost to zero fees? It's because fee is just one of the factor but we invest based on what the coin has to offer like security and all. Fees don't play major role but an add on.
Roles are important, don't jeopardize any chances of becoming profitable in the system, though they do come with tasks. Altcoins are different, they're more like shitcoins in the market, we invest in these projects for the purpose to milked the system, some of them pump while some go into heavy dip. However we gives respect to BTC keeps the domination and leads when it involves projects. Don't bother oneself when it involves crypto fees because not all these projects comes with easy task, rather we're the ones that battle to extend our lengthy existence. 
February 27, 2024, 02:51:29 PM
Honestly, I don't look into it because I know that the popular ones aren't that expensive at all and if they change their terms and make it higher, many from its community will definitely going to complain.
While I do have my concern with these low fees. But most of them doesn't really have that like the maker and takers fee and as well as the withdrawal fees.
That's why I don't really look into it because I know that all of them are also competing with it and just close to each other.
While I do have my concern with these low fees. But most of them doesn't really have that like the maker and takers fee and as well as the withdrawal fees.
That's why I don't really look into it because I know that all of them are also competing with it and just close to each other.
February 27, 2024, 11:03:23 AM
The answer is very simple as it lies with the current market capitalisation as BTC is more expensive to transfer as the fees are higher and it can be crazy at time but why do you think people still prefer Bitcoin over there Altcoins which has almost to zero fees? It's because fee is just one of the factor but we invest based on what the coin has to offer like security and all. Fees don't play major role but an add on.
You have not read well what OP was asking of, OP was on about platforms like exchanges or service like not the coins it self. What I see that confuses you is the word fees which most people tag as charges. Exchange charges actually matter sometimes when picking the one to trade on. There are exchanges that charges more than others although most of which I don’t see much difference in them except decentralized ones that I think charges a little more. One thing I figured out from this exchange charges is that those with large users or say liquidity are the ones that charge less than the others and they also offer better security except on some occasions like privacy issues which are associated with centralized exchanges
February 27, 2024, 10:52:23 AM
The answer is very simple as it lies with the current market capitalisation as BTC is more expensive to transfer as the fees are higher and it can be crazy at time but why do you think people still prefer Bitcoin over there Altcoins which has almost to zero fees? It's because fee is just one of the factor but we invest based on what the coin has to offer like security and all. Fees don't play major role but an add on.
February 27, 2024, 10:36:08 AM
I usually choose the ones that have a very low transactions fees then security which also matters a lot. Hate to trade on exchanges with high fees don't know why users should be charged that much honestly.Also can't say of other people but I think most people hate high fees.
February 27, 2024, 09:29:39 AM
I think it depends on what you will do with the coins, is it for speculation or do you use it for transactions? If you use it, then low fee, fast tx, and high acceptability (high volume) are the number one priority. These three factors are equally important IMO, for instance, let's say coin xyz has a low fee and fast tx, but it traded nowhere, and no USDT on top of it. Coin xyz then is a garbage coin regardless of how fast and cheap the tx is.
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