Which cryptocurrencies have the lowest transaction fees?

Alert31

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Quote from: Swapzone_pr on November 03, 2021, 04:36:06 AM

The most common types of of transaction fees are:

Exchange Fees (a commission that will come about when you complete a buy or sell order)
Network Fees (entails a charge to cover the mining network that runs in a blockchain)
Wallet Fees (will come from whatever currency wallet you utilise, but not all wallets will produce these fees).

Some of the lowest fees in the industry include the following: TRON, EOS, Bitcoin Cash, Litecoin, Bitcoin

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

ANOTHER SUGGESTIONS: XRP, SOL, DOGE, IOTA, XLM, MATIC, BNB, BSW

I prefer to use xlm and xrp which is easy to use and has a lower transaction fees. If I want to withdraw from exchange to my own wallet here in our country, using xrp is the best for me and the only crypto listed in such wallet with lower gas fee. Litcoin is also good but it takes more time before transaction confirmed. I also use it if xlm and xrp is not available to withdraw or deposit.

Abiky

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Quote from: Ureung jameun on January 21, 2022, 04:02:20 PM

In my opinion, the smart contract platform that has the lowest transaction fee is Polygon (SOL).. because it only costs $0.0001 per transaction. and this is my personal experience. however the polygon network does not have altcoins like the current users of the ethereum and binance chain networks. and besides polygon networks, I use Bnb a lot.

If you mean Polygon (MATIC), then yes, it has the lowest fees on the smart contracts space. Solana (SOL) is also cheap, but it isn't as reliable as one thought it would be. Why'd you want to save on fees if you can easily lose it all by the low security/reliability of the underlying blockchain network?

Remember, it's not about convenience/ease-of-use but rather decentralization/security/reliability. I'd prefer to pay a higher fee on ETH or BTC, knowing that my transaction will go through without any disruptions than all the other way around. Most people only care about the money, so they will use any chain that's most convenient for them. At least, the crypto/Blockchain space is decentralized. As long as it stays that way, there should be nothing to worry about. Just my opinion

Monetran

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Monetran enables the lowest cost transfers anywhere.

It's built on Stellar, so the network fee they charge for a transaction is a fraction of a cent.

The token - Moneda - is an asset-backed stable token. There are no exchange fees because you buy them directly from the company. Monetran charges a flat fee for any number of tokens be it one or one million+. The fee is 0.1% plus $0.50 - that's one-tenth of 1% -10 cents per $100 token purchase plus 50 cents transaction fee.

The redemption fees range from around $0.50 for small redemptions to 0.1% for large redemptions - those totaling 50,000 tokens or more (approximately $12,500 and up)

So, the whole transfer and redemption can cost as little as 0.1% + $0.50 (token purchase) plus less than 1 cent (network fee) plus 0.1%. (redemption fee.)

P2P and B2B transfers are free.

Ecommerce sites that install the plugin of the gateway we partner with can accept Moneda. There are no fees charged by the gateway.

Oh, and transfers resolve in approximately 5 seconds anywhere in the world. Stellar does not require mining. That's how and why Monetran can make transfers so fast and cheap.

If there is a way to make transfers faster, cheaper, or more reliable, let me know.

I have a feeling I'll have a long wait.

https://www.monetran.com/monetran-fee-schedule/

www.monetran.com

Ureung jameun

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Quote from: Swapzone_pr on November 03, 2021, 04:36:06 AM

The most common types of of transaction fees are:

Exchange Fees (a commission that will come about when you complete a buy or sell order)
Network Fees (entails a charge to cover the mining network that runs in a blockchain)
Wallet Fees (will come from whatever currency wallet you utilise, but not all wallets will produce these fees).

Some of the lowest fees in the industry include the following: TRON, EOS, Bitcoin Cash, Litecoin, Bitcoin

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

ANOTHER SUGGESTIONS: XRP, SOL, DOGE, IOTA, XLM, MATIC, BNB, BSW

In my opinion, the smart contract platform that has the lowest transaction fee is Polygon (SOL).. because it only costs $0.0001 per transaction. and this is my personal experience. however the polygon network does not have altcoins like the current users of the ethereum and binance chain networks. and besides polygon networks, I use Bnb a lot.

Abiky

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Quote from: indo1 on January 12, 2022, 09:37:08 AM

So far, the lowest-cost network is still won by Tron (TRX). It's just that Tron is rarely used because it has a community of very good projects, has a network with fast, secure and cheap transactions. I hope Tron can grow better in the next few years.

I'd say both TRON and EOS have the lowest transaction fees in the industry. Transactions can be even free if you staked TRX for bandwidth or EOS for RAM/CPU. But this alone is not enough to make these coins go all the way to the moon. Developers need to build quality dApps on these platforms, or mainstream adoption will continue to diminish. Without a solid ecosystem of dApps, tokens, and services, TRX nor EOS will be going anywhere soon. Remember, it's all about quality (not quantity). You're better off with BTC and ETH even if you have to pay a higher fee in the long term. After all, it's all about decentralization. Just my opinion

indo1

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So far, the lowest-cost network is still won by Tron (TRX). It's just that Tron is rarely used because it has a community of very good projects, has a network with fast, secure and cheap transactions. I hope Tron can grow better in the next few years.

hello_good_sir

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Quote from: Gudhal Untu on January 09, 2022, 10:31:17 AM

When bitcoin and ETH transaction fees are very expensive then the best way is to switch to low cost coins, and in my opinion TRON and MATIC are 2 coins with very low fees, even to send TRON with TRON Link transaction fees is 0 or free.

MATIC wins out over TRON if you are tossing up between the two options.

If you are purely looking to transact value, I've iterated this before but I'll say it again - IOTA/Nano is the clear winner because they allow you to send funds for literally no fee whatsoever.

But if you are looking for DeFi applications, MATIC wins because it has a lot of DeFi protocols within its ecosystem and they had huge incentives to attract liquidity. TRON is archaic in this manner.

Fivestar4everMVP

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Quote from: Swapzone_pr on November 03, 2021, 04:36:06 AM

The most common types of of transaction fees are:

Exchange Fees (a commission that will come about when you complete a buy or sell order)
Network Fees (entails a charge to cover the mining network that runs in a blockchain)
Wallet Fees (will come from whatever currency wallet you utilise, but not all wallets will produce these fees).

Some of the lowest fees in the industry include the following: TRON, EOS, Bitcoin Cash, Litecoin, Bitcoin

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

ANOTHER SUGGESTIONS: XRP, SOL, DOGE, IOTA, XLM, MATIC, BNB, BSW

Well, I think somehow, the question should be, "which blockchain has the lowest fee to transact on? "
And in answer to the above, I will categorically tell you that fusion protocol blockchain has the lowest fees in transactions,
On fusion mainnet, with 1 fsn, you can perform over 10 million transactions and you still have a good amount of it left.
And besides, when talking about blockchain with the lowest in fees, you shouldn't include tron on the list, from my personal experience with Tron, fees on this blockchain is not cheap most especially when transacting in decentralized applications running in the blockchain.

gmatej

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Solana fees are very low. You have also Nano which is feeless. But they do have some network problems occasionally as does Solana. I am the author of flink which will be zero fees, but will also enable custom tokens.

Gudhal Untu

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When bitcoin and ETH transaction fees are very expensive then the best way is to switch to low cost coins, and in my opinion TRON and MATIC are 2 coins with very low fees, even to send TRON with TRON Link transaction fees is 0 or free.

savetheFORUM

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Quote from: Swapzone_pr on November 03, 2021, 04:36:06 AM

Some of the lowest fees in the industry include the following: TRON, EOS, Bitcoin Cash, Litecoin, Bitcoin

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

ANOTHER SUGGESTIONS: XRP, SOL, DOGE, IOTA, XLM, MATIC, BNB, BSW

Even I am making use of Tron for cheaper transactions right now, previously I preferred waves to save my funds from spending on transactions unnecessarily. But, these days most places are not accepting waves which pushed me to adapt Tron after lots of research and analysis. I have bought Tron above 200 satoshi but right now it is trading around 160 satoshi level which is the problem I guess we do face when trying to save on transaction fees.

I read Justin Sun has resigned his designation from Tron hence not sure about its future. It means if you plan up for using Tron for your cheaper transactions then you should not buy more than required amount with the plans of future use.

JeWay

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Quote from: kak uli on December 06, 2021, 09:38:46 AM

I think the best bet according to what you said is still something wrong, not only that in my opinion. have you ever tried moving assets using Polygon/matic ?, I think it's also cheaper than using Bnb or Doge.

Matic is indeed cheap in terms of transaction fees but not all assets can be transferred from other networks to the Matic network at this time so that this year Matic and also several projects should want to convert or add the Matic network to coins or tokens that are already in the market so that all parties can be very helpful when making transactions.

WalkerIVIV

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Quote from: kak uli on December 06, 2021, 09:38:46 AM

have you ever tried moving assets using Polygon/matic ?, I think it's also cheaper than using Bnb or Doge.

Yeah, each transaction in polygon needs only a few cents and it was around 1 - 4 cents but in another blockchain like doge coin and BNB that need more than 10 cents or on average transaction 20 - 30 cents.
Polygon is even scalable than them all and that's why sandbox is trying to migrate their assets into the polygon. They know that this transaction fees will be helping so much to its users.
Remember NFT game will be actively creating a transaction in the network and when players are very active and that needs a scalable blockchain with cheap fees to handle it.

tvplus006

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Quote from: bigjuk on November 29, 2021, 02:21:23 PM

Why can it be expensive when you use the TRC20 network? I even currently use the TRC20 network only need 1 TRX for each transaction and it's still worth saying cheap because the price of TRX itself is still under $0.1 as well as Matic which costs are also super cheap when compared to BSC.

There are also exceptions in the BSC network, so when withdrawing BUSD from the Binance in this network, the commission is zero. And if we do not take into account the Ethereum network, where the commission is the highest, then all other alternative blockchains represent competitive transaction prices.

cvasy

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Quote from: chakhigh on January 03, 2022, 06:38:55 AM

I really love TRC20 network fees. Very cheap and one of the fastest on the market right now. I wish this lasts for more time in the future, as no one can predict the changes in the crypto market.

It also still really depends on the Tron price when transacting, because if one day the Tron price is $1 then the transaction fee will also be the same so it will be considered expensive by some people who make small transactions.

chakhigh

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I really love TRC20 network fees. Very cheap and one of the fastest on the market right now. I wish this lasts for more time in the future, as no one can predict the changes in the crypto market.

But, with more projects involved in the Tron network, this technology will rise even more. Staking, trading, and the new decentralized hedge funding (the Ferox project as an example), the TRC20 network is way better than many other networks.

tvplus006

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Quote from: hamba laeh on December 10, 2021, 02:09:33 PM

In my opinion, for now, the one with the lowest transaction fee is using a polygon network (matic). transactions using polygon wallets only cost 0.000xx. and the price of 1 polygon is only $1 / 1 Matic. and I think this is the lowest transaction fee I have ever used besides ethereum and binance smart chain. although many other networks are cheap but in my opinion polygon is the lowest according to the experience I use. because I have never used any other network.

You obviously haven't seen the Matic price chart for a long time, as it has recently been trading at a price exceeding $2. But even this price is too low for such blockchains and this accordingly affects the transaction price. In case of an increase in the load on the network and an increase in the cost of Matic, the transaction price will necessarily increase and may be comparable to the transaction price in the BSC network.

hamba laeh

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Quote from: Swapzone_pr on November 03, 2021, 04:36:06 AM

The most common types of of transaction fees are:

Exchange Fees (a commission that will come about when you complete a buy or sell order)
Network Fees (entails a charge to cover the mining network that runs in a blockchain)
Wallet Fees (will come from whatever currency wallet you utilise, but not all wallets will produce these fees).

Some of the lowest fees in the industry include the following: TRON, EOS, Bitcoin Cash, Litecoin, Bitcoin

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

ANOTHER SUGGESTIONS: XRP, SOL, DOGE, IOTA, XLM, MATIC, BNB, BSW

In my opinion, for now, the one with the lowest transaction fee is using a polygon network (matic). transactions using polygon wallets only cost 0.000xx. and the price of 1 polygon is only $1 / 1 Matic. and I think this is the lowest transaction fee I have ever used besides ethereum and binance smart chain. although many other networks are cheap but in my opinion polygon is the lowest according to the experience I use. because I have never used any other network.

kak uli

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Quote from: kak uli on November 28, 2021, 10:35:49 PM

Quote from: Mamun74 on November 25, 2021, 01:20:12 PM

For me,To be Honest BNB gas fee too low.I'm usually use BNB network transaction. ETH gas fee is too much high This year.Many people recently they use BNB. Bitcoin and ETH gas fee much higher than Polygon and BSC network transaction gas fee. I'm use BNB.i think they(BSC) will be more development Their system.

It seems that many people use alternatives as you mean, using BSC chains and polygons will make many People more efficient than using ERC20 chains in making transactions. and things like this have become very common among bounty hunters, both high-income and low-income hunters, all of whom use a method of looking for lower transaction fees when sending their Tokens.

Best bet of bounty hunters is to look for projects based on smart chain, which has very less transaction fees and also the same time of confirmation. They will be paying very less in fees and hence more money in their pockets as well. Most of the coins which have low transaction fees are highly volatile and also less liquid, so best bet is to stick with BNB or DOGE in sending funds from one place to other.

I think the best bet according to what you said is still something wrong, not only that in my opinion. have you ever tried moving assets using Polygon/matic ?, I think it's also cheaper than using Bnb or Doge.

Insomnia family

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Quote from: bigjuk on November 29, 2021, 02:21:23 PM

Quote from: Insomnia family on November 29, 2021, 02:11:59 PM

of course I would avoid the Ethereum network. and currently binancesmartchain is one of the networks with cheap transaction fees compared to ethereum and matic dominates the first rank in the network that I use besides binancesmartchain.Transactions using TRC-20 are expensive in my opinion

Why can it be expensive when you use the TRC20 network? I even currently use the TRC20 network only need 1 TRX for each transaction and it's still worth saying cheap because the price of TRX itself is still under $0.1 as well as Matic which costs are also super cheap when compared to BSC.

because I am not a high-end merchant and only a small trader. so I often use matic which is cheaper than TRC-20, In fact, most of my assets have been transferred to the pollygon network, making it easy for me at all times and bridge any coin I want to trade with transaction fees under $0.01 /MATIC.

Topic: Which cryptocurrencies have the lowest transaction fees? (Read 729 times)