Re: Transaction Fee comparison? which crypto is cheapest?

TimeTeller

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Quote from: Rcoinmoon on January 31, 2020, 06:15:57 PM

You didn't mention DOGE, doge has won my heart through their cheap transaction fees

I like doge also, even on inter-exchange. But if you are using your own bitcoin core wallet, you can set your fees in few satoshis only.
Very convenient using bitcoin core and you don't have to worry about those high fees.

Febo

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Quote from: jubalix on November 24, 2019, 01:35:18 AM

Monero: $2.587
which are out of date, but that's the sort of thing I am looking for

You are very right that that fee is very wrong. Monero fee is only 0.2 cent. that is more then 1000 times less then what you posted.

Rcoinmoon

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You didn't mention DOGE, doge has won my heart through their cheap transaction fees

ronaldo40

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the list that you provided above seems pretty outdated because if you take a look at the article you will saw that it released on 2018
you can see this website to check the updated transaction fees for bitcoin https://bitcoinfees.info/

Quote from: https://bitcoinfees.info/

Current Bitcoin transaction fees (in dollars per transaction)
Next Block Fee: fee to have your transaction mined on the next block (10 minutes) .$0.35
3 Blocks Fee: fee to have your transaction mined within three blocks (30 minutes) .$0.35
6 Blocks Fee: fee to have your transaction mined within six blocks (1 hour) .$0.14

jubalix

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Quote from: mr_random on November 24, 2019, 06:33:05 AM

Quote from: spadormie on November 24, 2019, 03:43:28 AM

After some researches I conduct, here's what I found: https://withdrawalfees.com/coins/bitcoin. It's a site in which you can see withdrawal fees from different exchange. But it may be subjected to change when bitcoin goes up. Sometimes the fee are enormous it goes up as much as 20 dollars at some point. During 2017, the fee was .001 and btc's price was at ATH.

I have used this site a lot but the data is not updated since August. Bitstamp withdrawal fees are not free, anymore. BTW, the alternative site has useful tools for calculating the fees: https://www.feexplorer.io/calculator#

Quote from: jubalix on November 24, 2019, 06:16:18 AM

No I mean the fee to do the transaction on the native chain, not exchange

Check the example of comparison chart, it is somehow the only updated source I found on the net. https://bitinfocharts.com/comparison/transactionfees-xrp-doge-zec-btg-ppc-blk-nmc-nvc.html

Thanks, surprised this is not on coinwarz or something at a per kbyte data amount, I mean it one of the most important metrics inmho

sikke

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No idea about whether there is a comprehensive list or not. I don't even think that there is a point to creating such a list, because of the fact that these sort of data has a very short shelf life before they are rendered outdated.

There are cryptos where you can send transactions for completely free of charge, like IOTA, so theoretically they should be the cheapest.

However, it shouldn't be the only factor that you take into account when deciding which crypto to invest/transact with. You also need to look at liquidity, spreads, and other fundamentals.

NeuroticFish

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Quote from: jubalix on November 24, 2019, 06:16:18 AM

No I mean the fee to do the transaction on the native chain, not exchange

Well, for Bitcoin you can check this: https://coinb.in/#fees
A simple and normal transaction (1 input, 2 outputs) needs about 2 cents. Of course, when the network gets more busy, the numbers increase too.

Sexaphiliac

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There are some projects that have no transactions fees whatsoever like Nexty which effects transactions under two seconds. As for top blockchains, Stellar is still the best.

mr_random

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Quote from: spadormie on November 24, 2019, 03:43:28 AM

After some researches I conduct, here's what I found: https://withdrawalfees.com/coins/bitcoin. It's a site in which you can see withdrawal fees from different exchange. But it may be subjected to change when bitcoin goes up. Sometimes the fee are enormous it goes up as much as 20 dollars at some point. During 2017, the fee was .001 and btc's price was at ATH.

I have used this site a lot but the data is not updated since August. Bitstamp withdrawal fees are not free, anymore. BTW, the alternative site has useful tools for calculating the fees: https://www.feexplorer.io/calculator#

Quote from: jubalix on November 24, 2019, 06:16:18 AM

No I mean the fee to do the transaction on the native chain, not exchange

Check the example of comparison chart, it is somehow the only updated source I found on the net. https://bitinfocharts.com/comparison/transactionfees-xrp-doge-zec-btg-ppc-blk-nmc-nvc.html

Javi_Anibarro

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Quote from: jubalix on November 24, 2019, 06:16:18 AM

No I mean the fee to do the transaction on the native chain, not exchange

There is no list for this but you can get an updated data from this site: https://bitinfocharts.com/dogecoin/
Scroll down and find an average transaction fee.
It does not cover all of the cryptos but it gives you an updated data daily.
BTC, ETH, XRP, BCash, BSV, LTC, Monero, Dash, ETC, Doge, and Zcash.

jubalix

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No I mean the fee to do the transaction on the native chain, not exchange

spadormie

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After some researches I conduct, here's what I found: https://withdrawalfees.com/coins/bitcoin. It's a site in which you can see withdrawal fees from different exchange. But it may be subjected to change when bitcoin goes up. Sometimes the fee are enormous it goes up as much as 20 dollars at some point. During 2017, the fee was .001 and btc's price was at ATH.

Aabcde

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I think the fee comparison is not very important for me personally. Because some crypto only exists in 1 or 2 exchanges which certainly do not differ much in terms of transaction fees. What is certain is that I will convert to XLM or LTC in the case of withdrawing a coin, and surely that I always do to outsmart the high cost of bitcoin transactions since 2017.

tinyteapot

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I do not think this can be generalized especially due to the trading exchanges fees,

Quote

Bitcoin: $1.184 - from your link

most people here can testify that btc withdrawal transaction fees can go as high as $10 while the cheapest can be around $4 with trading exchanges.

The issue of trading exchanges fees neutralizes the article at fool.com

Latines

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Why do you need this? just did not come across this. But if this is very important, maybe I need to know this)

jubalix

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shameless bump

jubalix

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Are there some good websites that compare fees of cryptos per transaction.

After some googling I can only find half hearted references such as

https://www.fool.com/investing/2018/03/30/which-cryptocurrencies-have-the-lowest-transaction.aspx

Monero: $2.587
Bitcoin: $1.184
Dash: $0.363
Ethereum: $0.347
Litecoin: $0.198
Bitcoin Cash: $0.097
EOS: $0.0105
Ripple: $0.0037
TRON: $0.0000901

which are out of date, but that's the sort of thing I am looking for

Edit I mean which crypto is the cheapest to do transactions and where can I find a good list of these?

Topic: Re: Transaction Fee comparison? which crypto is cheapest? (Read 211 times)