Topic: Which cryptocurrencies have the lowest transaction fees? - page 3. (Read 714 times)
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.
Litecoin, Solana and Binance Smart Chain - these chains are cheap to deal with at the moment. Ah, and TRON also - of course. But in fact all the blockchains are ok now - except Ethereum 
You can't beat IOTA for this one.
They literally have zero transaction fees, whereas all the other alternatives listed are not as scalable and hence will see higher transaction fees when the amount of tx's ramp up.
That's why I'm bullish IOTA in the long run. You need that Tangle scalability in order to survive.
They literally have zero transaction fees, whereas all the other alternatives listed are not as scalable and hence will see higher transaction fees when the amount of tx's ramp up.
That's why I'm bullish IOTA in the long run. You need that Tangle scalability in order to survive.
Exchange Fees (a commission that will come about when you complete a buy or sell order)
Exchange fees are not only about fees for trading (completed buy or sell) but also fees for withdrawal (and some are for deposit).Commonly, fees for withdrawal are also high enough even depending on the network to be used.
Btw, the fees of transferring in the BSC network are also low enough, it is lower than on ERC20.
So, please include the BSC network.
However, sometimes, we cannot choose fees based on the lower fees only, because sometimes, when the tokens are ERC20, we have nothing to do besides choosing only the ERC20 network which is very high fee.
Btw, we must be also careful when transferring tokens from the BSC network, because the wallet is the same as the ERC20 network with 0x... It seems similar, but actually it is different network.
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
XRP is what I use for my major transactions and it was having huge difference compared to BTC and ETH. As long as there is an option for XRP, I certainly have to choose it. Doge is another option...I wanted to try the other coins, not from the list but unfortunately, my receiving wallet never supports other cryptocurrencies, maybe on the exchanges - exchanges. 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
Anyway, fees really matter for us as wanted to save some costs. But for me, as long as it wasn't big enough, I'm still be fined. Well, we have to move/transfer our coins in bulk for that sake.
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.
Been using BNB a lot! and I can say that the transaction fees are pretty cheap I love it, haven't used SOL that much lately but I know that Solana also provides a pretty cheap transaction fee, might as well try using these 2 altcoins, I swear they are one of the convenient coins right now, most esp. BNB to be honest.
ah well in the past when the price of doge was below 100 sats I often used it for transactions but now I only use litecoin ! xrp is also really low but it's the same if I use xrp because the fee price from the market that I use is the same about the other currencies fee ! Actually other fee are also low but it depends on your need
For now, my best choice right now is TRON, the transaction fee from several exchanges I've tried is no more than 1 TRON or only 10 cents, if we send from TRUST Wallet the TRON shipping fee is only 0.4 TRX, besides TRON I also use BNB, the transaction fee is around 40 cents if via exchanges and 20 cents via Metamask.
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
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 guess btc has almost the same transaction fees as ETH, which is enough high price for my finances,
other than what you mentioned I think MAtic, XLM, and XRP have a fairly low cost
Some of the lowest fees in the industry include the following: TRON, EOS, Bitcoin Cash, Litecoin, Bitcoin
For my day-to-day transactions, I have already started making use of TRON because it is having the lowest transaction fees as far as I am concerned. I have installed brainwallet and bought some TRON when it was trading for less than 100 satoshi some months back and I am staking them in brainwallet.This way while I am enjoying the lowest transaction fees for my routine crypto transactions, I am also earning by staking Tron coins; this must be a double advantage I am enjoying because of Tron.
I heard litecoins also having lowest transactions fees but I have no idea about EOS and BCH.
I always use trx(tron) to avoid expensive transaction fees, and some platforms even only take no more than one trx. So far, I've also never had a problem with trx transactions; it's also quite fast in terms of transaction speed.
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.
Then why do exchanges require higher fees, in general, exchanges take transaction fees of 0.0005 B to 0.001B or the equivalent of 50,000 Sats to 100,000 Sats. In addition to the fees they use to pay blockchain fees, they also charge exchange fees for each transaction.
The high withdrawal fee for BTC is to discourage users from withdrawing BTC
To the topic, I mostly use Litecoin because it is available in almost all exchanges and also has a very low tx fees when compared to other major coins.
There are some blockchains has low fees for transaction.
Names of such Blockchains
Nano has 0$ fees
Digibite has 0.0005$ fees
XRP has 0.00078$ fees
Names of such Blockchains
Nano has 0$ fees
Digibite has 0.0005$ fees
XRP has 0.00078$ fees
IOTA has 0 fees. NEAR transaction fees are almost 0. IOTA is about to launch yield farming with 0 gas fees and NEAR has Ref Finance with almost 0 fees. I believe both blockchains are also carbon neutral.
Polygon, I need 0.02+ Matic to do Mint NFT and for transactions I think you already know how much it costs.
another option for the DeFi platform is Biswap on the BSC network, you get BSW tokens when swapping, and Biswap has a low fee of 0.1%
Yes, transaction fees at Polygon are very cheap. I have several Options that I find the transaction fees low. can be used to transfer funds between exchanges. Here are the transaction fees for withdrawals on Binance :another option for the DeFi platform is Biswap on the BSC network, you get BSW tokens when swapping, and Biswap has a low fee of 0.1%
IOTA (0.25 ~ 0.5 IOTA)
Polygon (0.1 MATIC)
XRP (0.27 ~ 0.27 XRP)
Algo (0.01 ALGO)
XLM (0.86 XLM)
Binance (0.0005 BNB)
I always switch to TRON if I want to send crypto from exchanges to TRUST wallet, this is because TRON transaction fees in my opinion are the cheapest, maybe there are cheaper ones but I choose TRON because almost all top exchanges are TRON available. a while ago when I sent TRON from coinsbit the transaction fee was only 0.85 TRON or only 9 cents.
https://blog.nano.org/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f
https://coinmarketcap.com/currencies/nano/
you can try it yourself, in the article it says $nano is a cryptocurrency with zero fees, then $digibyte. For transferring funds between exchanges, zero-fee cryptocurrencies are the best to use.
https://coinmarketcap.com/currencies/nano/
you can try it yourself, in the article it says $nano is a cryptocurrency with zero fees, then $digibyte. For transferring funds between exchanges, zero-fee cryptocurrencies are the best to use.
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
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
Doge have been cheap/fast and reliable for years. It is my #1 choice when it comes to moving my money from one place to another. (usually between the exchanges) The disadvantage of doge is, sometimes it is not available on some exchanges. Then you'll have to use something else. Litecoin used to be cheap as well. Maybe it still is. I haven't used it for a long time.
Doge is not cheap anymore due to the fact that it pumped to a significant amount and fees on DOGE from exchanges are high already. I'm also using DOGE in the past and I really enjoyed it, but when it pumped and reach to the current price now, I think it's not anymore cheap, so I go with XRP as the fees are always cheap and it's instant.
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