Which cryptocurrencies have the lowest transaction fees? - page 3.

bittraffic

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Quote from: Google+ on October 25, 2020, 09:28:07 AM

Quote from: Vishnu.Reang on October 25, 2020, 08:32:05 AM

If you want to compare Bitcoin, then you have BCH and BSV which have transaction fee as low as $0.001. On the other hand, if you want to compare Ethereum, then you have ETC (Ethereum Classic) which is having much lower transaction fee (as low as $0.0004). Then we have other coins such as Litecoin, DogeCoin and Dash. I like Monero for its anonymity, but the transaction fee can be a bit higher than coins such as Dash and Litecoin.

unfortunately there are not many exchanges or other platforms that accept payments using BCH / BSV, more people accept bitcoin as a payment and until now I only used a few altcoins that you mentioned, such as Doge which I often use for gambling. Whereas for transactions between large exchanges I usually use EOS because until now the altcoins have very cheap transaction fees.

EOS technically has zero transaction fees so long as you use the wallets that stake some EOS for you which you have paid when creating the wallet like the Tokenpocket or Exodus. Users of EOS wallets can access dapps and use these dapps with free transactions to them so if you are looking for the lowest, it's going to be EOS.

TRX is considerable because they are fast and transaction fees are low too. If I have to choose between the two EOS and TRX though I'd personally choose TRX because of the number of dapps that I like.

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Quote from: Vishnu.Reang on October 25, 2020, 08:32:05 AM

If you want to compare Bitcoin, then you have BCH and BSV which have transaction fee as low as $0.001. On the other hand, if you want to compare Ethereum, then you have ETC (Ethereum Classic) which is having much lower transaction fee (as low as $0.0004). Then we have other coins such as Litecoin, DogeCoin and Dash. I like Monero for its anonymity, but the transaction fee can be a bit higher than coins such as Dash and Litecoin.

unfortunately there are not many exchanges or other platforms that accept payments using BCH / BSV, more people accept bitcoin as a payment and until now I only used a few altcoins that you mentioned, such as Doge which I often use for gambling. Whereas for transactions between large exchanges I usually use EOS because until now the altcoins have very cheap transaction fees.

Vishnu.Reang

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If you want to compare Bitcoin, then you have BCH and BSV which have transaction fee as low as $0.001. On the other hand, if you want to compare Ethereum, then you have ETC (Ethereum Classic) which is having much lower transaction fee (as low as $0.0004). Then we have other coins such as Litecoin, DogeCoin and Dash. I like Monero for its anonymity, but the transaction fee can be a bit higher than coins such as Dash and Litecoin.

bobyhodob

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Quote from: calandra78 on October 24, 2020, 11:10:19 AM

Quote from: Chrystora123 on October 24, 2020, 10:20:35 AM

transaction fees are often a daunting task for those who want to trade. I personally will always choose the coins with the lowest fees for making trades. the ones I usually use (for withdraw or transfer) are XLM, TRON, XRP, and DOGECOIN, all of these 4 coins have been shown to charge low fees..

many people also use the coins that you mention. I also often use TRX and stellar. although lately, it is not as popular and as strong as ethereum and BNB. of course the assets that you and I mention have a lower cost.

So far I have used 2 altcoins which in my opinion have very cheap costs, one of which is TRX, then the other is EOS, in my opinion in some exchanges the EOS withdrawal fees are also relatively cheap and have a high speed of movement, the price is also stable so it is very safe used to arbitrate which is usually done when taking advantage of price differences from various exchanges to make a profit ..

calandra78

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Quote from: Chrystora123 on October 24, 2020, 10:20:35 AM

transaction fees are often a daunting task for those who want to trade. I personally will always choose the coins with the lowest fees for making trades. the ones I usually use (for withdraw or transfer) are XLM, TRON, XRP, and DOGECOIN, all of these 4 coins have been shown to charge low fees..

many people also use the coins that you mention. I also often use TRX and stellar. although lately, it is not as popular and as strong as ethereum and BNB. of course the assets that you and I mention have a lower cost.

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1. Tron Network
2. EOS
3. Doge Coin
4. XLM
5. Litecoin

The reason why these coins have low transaction fee is their value, they have big max supply and low value too, the transaction fee can easily surge in future if Doge coin costs 10$ or 100$

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transaction fees are often a daunting task for those who want to trade. I personally will always choose the coins with the lowest fees for making trades. the ones I usually use (for withdraw or transfer) are XLM, TRON, XRP, and DOGECOIN, all of these 4 coins have been shown to charge low fees..

H1N1

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I think it is EOS coin, you will only need some fraction of EOS to send your coin or any EOS tokens.
Not mention that the transaction speed is very fast, it will be worth to use it.
Another coin from my opinion is Tron. Tron blockchain have fast transaction speed and low fee too.

Quintrix

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Quote from: edwardtay on October 21, 2020, 01:41:24 AM

One of the most significant concerns people have about a trading platform and exchanging cryptocurrencies involves the transaction fees. Many crypto options have high charges, while others aren’t as dramatic. You’d have to look around to find the lowest transaction fees on the market if you want to find something worthwhile.

Cryptocurrencies come in many forms, and they all have unique features. But you should be aware of how you’re going to find a good fee or charge that works. Knowing what works is essential for your success.

https://swapzone.io/learn/lowest-transaction-fees/

I used to love Ethereum because of the very low transaction fee and the fast transactions, it's the first I transact and I love holding it and trading it but now I shift my preference to Tron and Litecoin because they charge the lowest and transaction is also very fast Tron is almost instant Litecoin can be confirmed in a few minutes.

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The lowest transaction cost is USDT Tron based token which has no fees. But if you are sending the funds by the Dogecoin blockchain network you will get a very low transaction cost. Also, some others are Litecoin, VET, and EOS networks have low transaction costs.

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if withdrawing funds from an exchange, I think XLM and TRX are really very cheap for withdrawal fees, I can't find anything else even if there is no XLM and TRX alternative, I can replace it with LTC or DOGE depending on the exchange, there are some exchanges that don't provide TRX and XLM may not be profitable for them because of the low cost

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So far, the altcoins I use as a transaction tool are TRON and XRP. both coins have a fairly low fee, even when you make large transactions. Besides that, I chose it depending on the wall on an exchange, and between the two, I often use TRON because it is the cheapest.

SquirrelJulietGarden

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Quote from: edwardtay on October 21, 2020, 01:41:24 AM

One of the most significant concerns people have about a trading platform and exchanging cryptocurrencies involves the transaction fees.

You can get comparison for transaction fees with some big cryptocurrencies, not young and small ones with blockchair.com explorer
https://blockchair.com/compare (you can customize the comparison by adding or excluding the coin you want or unwant).

Please remember there are risks of replay attacks on cryptocurrency networks, especially with small networks. Months ago, not too far ago, the Ethereum Classic network was attacked two times in short period.

Check cost of 1hour attack with https://www.crypto51.app/ then make your decision. With altcoins if you choose them as your transaction method, please move each transaction with only part of your capital, not all.

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Quote from: arufox on October 22, 2020, 09:13:06 AM

If I want to cash out, my habit will exchanges into Litecoin, Stellar, Doge, Tron, Waves because if i calculated these coins provides low transaction fees. I forget which one the lowest from the list. But whatever you choose from the list you will not be disappointed

You can use USDT have trc20 platform for withdrawing because not have to pay fee anymore, I use for withdraw my assets from binance to local exchange and cash out with cash money. But of you wanna withdraw with other currency better with tron coin and almost exchange market take 1 trx each withdrawing, I think is best and lower lowest transaction fees if you wanna sent your cryptocurrency.

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Quote from: devil2man on October 23, 2020, 03:16:05 AM

and banano has no fees for transfers

Because banano price under US $0,001 so that you don't have feel a fee to do transaction.

Quote from: bitgolden on October 23, 2020, 12:10:03 PM

If you could use bitcoin in lightning network it is basically free, I mean not literally free but it is as free as it gets.

If he use non custodial wallet still need pay channel fee for that

bitgolden

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If you could use bitcoin in lightning network it is basically free, I mean not literally free but it is as free as it gets. The only reason why people are not using it in bulk right now is manipulation because big places like exchanges are making thousands of dollars (probably more if they are like binance) from the withdrawal fee.

They get 0.0004 or whatever from each person and send in bulk to like 20-30 people and pay only 0.001 and they pocket the change as a profit and when you ask them why it took this much amount they usually come up with the same lie as "it would be individually so we take it just in case if there is no other withdrawal" and that's it. Obviously if we all move to lightning network right now there would be millions of dollars per day removed from the exchange profits.

Valzador

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Tron has become famous for their low transaction fees, and for usdt, you don't pay a penny using the TRON network. I can't wait for Tron innovation coins such as trxBtc trx backed up by bitcoin or trxEth trx backed up by Ether with a zero fee.

Emitdama

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Mainly I’m a HODL’er and in my wallet I hold more of Bitcoin, Ethereum and LTC. LTC and ether has the lowest fees.

Apart from the trading and exchanging, most of the time it’s transactions that I do and there are hardly anyone that would accept those two coins (LTC and Eth) from you, it’s usually BTC and that’s what I have to use all the time, but those other two has cheaper fees. Bitcoin is okay too, depending on the network, there are times it gets congested and you won’t be able to send at a low fee, you will have to pay high fees.

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Quote from: KennyR on October 22, 2020, 06:04:27 AM

Quote from: Gvent on October 21, 2020, 01:44:26 PM

try to send money from your bank account to someone in another country
you will pay at least $ 20-50 for banking services
therefore, compared to such an amount
the commissions in cryptocurrency are very small

Yes, that's true. Transaction in terms of bitcoin will charge you around $5-$7 which is quite low compared to the cross border transaction through Bank. Further when we change the bitcoin to cash it'll be charged little. This way even the transaction through bitcoin is profiting compared to banking. If we do transaction within cryptocurrency then TRC10 is profiting.

in addition, now you can buy a lot of things for bitcoins
so you don't even have to exchange them for fiat
there are many services on the Internet that provide such a service
and the number of such sites is constantly growing

CryptoTrip

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Quote from: edwardtay on October 21, 2020, 01:41:24 AM

One of the most significant concerns people have about a trading platform and exchanging cryptocurrencies involves the transaction fees. Many crypto options have high charges, while others aren’t as dramatic. You’d have to look around to find the lowest transaction fees on the market if you want to find something worthwhile.

Cryptocurrencies come in many forms, and they all have unique features. But you should be aware of how you’re going to find a good fee or charge that works. Knowing what works is essential for your success.

https://swapzone.io/learn/lowest-transaction-fees/

wow, that's an interesting site. If there is expensive gas on the ether network, then I use the tron to transfer funds, because there are the smallest commissions, but for myself I doтe consider a commission of $ 0.50 large, therefore I rarely use the tron network

Topic: Which cryptocurrencies have the lowest transaction fees? - page 3. (Read 1107 times)