Which cryptocurrencies have the lowest transaction fees? - page 2.

bigjuk

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Quote from: Insomnia family on November 29, 2021, 03:11:59 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.

Insomnia family

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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

irsykes

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For now BSC (BEP20) network can be a choice in all reason. I mean although other network is cheap but BEP20 network is already can be used in a lot of exchanges and some wallets already support it in their list. Maybe if matic with polygon network already in a lot of exchanges, it can be alternative beside TRX20 network.

JeWay

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Quote from: ?? on ??

There are several transactions on crypto even the coins you mentioned above such as LTC is still high, in token exchange transactions I usually use BSC and Playgon, the transaction fees are lower than Ethereum and some other coins, if today you still store coins in the form of ERC20 in your wallet then the withdrawal fee will be more expensive, cheaper cryptocurrencies I often use, namely playgon and bsc.

Actually there are three kinds of coins that still have very cheap transaction fees for now, two of them are what you said and another is TRON coins where on the TRC20 network you only pay one unit of TRX to make a transaction, so it's not just two kinds cheap at this time

fvb

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For withdrawal from the exchange, I mainly use Tron. I also like Stellar, Litecoin, BNB. You have already been answered and suggested all the options, so the choice is yours.

rizqoAD

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In trading altcoins, we must calculate the profit and loss including in this case transaction costs. Each altcoin has a different transaction fee when we withdraw from one wallet to another, a trader will choose the altcoin that has the lowest transaction fees because it saves expenses. In my opinion the lowest cost altcoin is Litecoin, I have used Litecoin as a transaction when I wanted to convert it to fiat. If you want the lowest transaction fees, I think LTC is perfect for small traders like us.

Ngewex Yuk

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Until now what I've tried is TRON. Have you ever tried using a TRUST wallet or TRON Link to send TRON, to send a TRON-based token it only takes 6 TRON or 65 cents, while sending TRON to another wallet is free or zero.

izsara

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Quote from: kak uli on November 28, 2021, 11:35:49 PM

Quote from: Mamun74 on November 25, 2021, 02:20:12 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.

Isn't it very clear, because with this we can minimize gas because this alternative is cheaper and even very much cheaper when compared.
on the other hand as you said it is more efficient and I think it is even faster.
I did the same thing so that the exchange fee could at least be reduced.
and basically almost everyone does that because it's the most commonplace thing to do, as long as you can get the cheapest one, why not Cheesy

Rufsilf

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Transaction fees are different in every cryptocurrencies and it will or may vary depending on volumes you move, or liquidities on the exchange, while some fees may take much more higher because of the demand.
But anyways, here are some quite famous or popular crypto that is arguably known to have low transaction fees namely:

• Stellar (XLM)
• Ripple (XRP)
• Ethereum Classic (ETC)
• Monero (XMR)
• Nano (NANO)
• Cardano (ADA)
• Litecoin (LTC)

Source: https://www.fool.com/amp/investing/2021/06/12/7-cryptocurrencies-lower-transaction-fees-dogecoin/

blakeb

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deleted.

kak uli

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Quote from: Mamun74 on November 25, 2021, 02:20:12 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.

zasad@

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If you need ecosystems with good liquidity, then use Optimism, Arbitrum, Polygon. They have very low fees and these L2 solutions are decentralized. I use Binance Smart Chain and love the cheap fees, but there are 21 centralized validators in this ecosystem.
I have not heard of blocking tokens in this ecosystem.

stas26000

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hi guys, to sum up which decentralized exchange for the different cryptocurrencies would you advise me? And which decentralized wallet to buy on this platform do you also recommend? With the lowest possible gas costs. Grin

Mamun74

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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.

LUCKMCFLY

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Quote from: Galley on November 21, 2021, 01:24:07 PM

Given the current proliferation of the Solana blockchain, we will soon see more and more people using it to conduct any kind of operation. SOL can be a good alternative even to BNB and MATIC.

I agree with you, if we rely on the BNB network the BSC has had some problems with its network congestion and this can cause the fees to increase enormously, if we take into account that for the NFT game projects that are in this network are many, the new projects in the Polygon network are much cheaper, in fact the metaverses are putting them in the Polygon network because of their versatility and low costs, I believe that MATIC and Solana will be the currencies that will begin to dominate the market in 2022 if things start to turn out well.

doomloop

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Quote from: Galley on November 21, 2021, 01:24:07 PM

Given the current proliferation of the Solana blockchain, we will soon see more and more people using it to conduct any kind of operation. SOL can be a good alternative even to BNB and MATIC.

Well, we both know that most of the times that are people are not really looking at which cryptocurrency is the fastest, that’s what they are least interested in at most. Just look at bitcoin, it’s no where near being on the top list of the fastest cryptocurrency blockchains, but even at that a lot of people are still making use of it for transactions, and it’s widely being used more than any other cryptocurrency in the world.

Most times people would consider security and how reliable a cryptocurrency is before any other thing. If it was a matter of being the fastest blockchain, then there would have been so many others that could have topped the list when they launched.

Galley

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Given the current proliferation of the Solana blockchain, we will soon see more and more people using it to conduct any kind of operation. SOL can be a good alternative even to BNB and MATIC.

kak uli

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Quote from: tarable on November 16, 2021, 10:38:29 AM

Quote from: kak uli on November 16, 2021, 05:19:34 AM

I think Bsc also still has low transaction fees for now. besides Bsc, there are also Polygon/Matic which still have low transaction fees. I think only with that chain still have low cost when compared to ERC20 Chain.

The ERC20 network is a network of rich people who are not suitable for use by beginners or small people who only want to make transactions of $100, because the ERC20 network is now almost like the Bitcoin network which is equally expensive, and for BSC one day it will also be expensive when the price of BNB has exceeded $1K in the market.

Yes it is true that the ERC20 Network is almost the same as the Bitcoin network which can only be used by high income earners. but not a few people who have an income of more than $100 are also using the BEP20 Blockchain or looking for cheaper alternatives!

ardydyon

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Quote from: Swapzone_pr on November 03, 2021, 05:36:06 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

are you sure about what you said? include bitcoin in lowest fees?
try to do more research, I think it's not cheap in my opinion.
currently the one that has cheap transaction fees in my opinion is tron. their transactions are very cheap when compared
its other competitors.
then there is BNB which has a low cost and is still affordable in my opinion.

marcous

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Quote from: Pejoh Asu on November 19, 2021, 08:12:33 PM

I think the cheapest coin transaction fees I've ever used is TRON, if we withdraw from exchanges it takes about 2 TRX, the highest is 8 TRX or around $0.8 but if we use TRON Link the transaction fees between TRON are free or zero, while for sending tokens are around 0.25 TRX or about 3 cents.

Have you ever used the Polygon network which also has a super low cost even lower than TRON?
Even when the Polygon network was first formed, each person only cost 0.0005$ and this is clearly much cheaper than the TRON you said, so there is nothing cheaper than Polygon in terms of transactions.

Topic: Which cryptocurrencies have the lowest transaction fees? - page 2. (Read 714 times)