Which cryptocurrencies have the lowest transaction fees? - page 4.

Traderbtcc

full member

Activity: 1190

Merit: 123

★Bitvest.io★ Play Plinko or Invest!

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 have used tons of blockchain in the crypto space and I would suggest sol, bsc, iota, dag and lastly near, dag has an almost zero fee per tx but nothing can be built on it right now until it reaches mainnet 2.0, sol is good but the security is too low imagine connecting your wallet to a site and everything in your account gets wiped out without your permission that's really bad, few reasons why I dislike solana, while near is a complete product that is ready to use for the masses, no gas fees issues, fast, secured and scalable with 100k tps, the gas fees on Near cost just $0.01 and according to what I read it won't increase over time even if Near price keeps going up and for me it's better than bsc, cause after bnb started gaining value the price of gas fees on bnb skyrocketed, the other day I had to pay $1.20 on tx to buy a coin on pancakeswap :/, Near seems like a more complete blockchain and it's greatly undervalued at the moment.

Azar138

sr. member

Activity: 868

Merit: 253

Personally I use Binance Smart Chain, Polygon and Tron. All of them have very low transaction fees so they are ideal for investors with small capitals and for micro-transactions. These blockchains have developed ecosystems like Ethereum so we can use them and find projects for all needs including exchanges, stake and yield farming platforms, games etc.

tygeade

legendary

Activity: 2086

Merit: 1058

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

When you are considering about the lowest transaction fees, you must consider about the stability of the coins as well so that we can hold them even we are NOT transacting on daily basis. Because, there will be no point of transacting with a coin which is fluctuating ups and downs as such high volatile nature might be ending up losing money in the end when we are targeting about saving in transaction fees.

I am not seeing EOS or BCH this way a good option as these coins may get dumped at any time. Litecoins and Tron could be better choice if you target lowest transaction fees.

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

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

Most of the coins in this list are completely new to me and I am not sure about their volatile nature hence I like to go with above list of coins always.

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: pakhitheboss on November 05, 2021, 05:28:43 AM

If you are searching based on the USD value then in my opinion Tron is the cheapest of all. The transaction fee is between the range of 1-5 depending on the exchange. If you are using USDT on the Tron blockchain then it is very cheaper considering the charges applied on other Blockchain. The other benefit of using the Tron blockchain is speed. Some cryptocurrencies are much faster than it.

Yes I mostly use trx in the case where trc20 is not available in the exchange, trx is cheap to transfer, even if you convert it to usdt it will still be relatively cheap because trx usd price is still cheap, before i use ltc or waves to transfer but both has a high price now and can't be compared to trx, so I either use trc20 or trx.

Cadaver20

sr. member

Activity: 1582

Merit: 264

Next Generation Web3 Casino

Exchange Fees- Binance and Kucoin are two very famous exchanges. The fee for these two exchanges is quite low.
Network Fees- Polygon and Binance Smart Chain, the transaction fee of these two networks is very low.
Wallet Fees- Coinbase and Trust wallet are very popular and their fees are low.

ZaraCB

full member

Activity: 333

Merit: 105

www.cd3d.app

The lowest fee is now on polygon network. Prior to this network, the fee was low in Binance Smart Chain network. But BSC's fees are now gradually increasing. Tron network's fees are now relatively high. Moreover, the use of this network is very limited and is very limited in USDT TRC-20 transfer.

kanayaTabitha

sr. member

Activity: 980

Merit: 252

Whenever i want to sent balance between exchanges to cash out to real money, i always convert the profits to XRP because i think it has low fees and the price also is not really fluctuating, so it's fit for balance transfering before we cash out the balance to fiat.
The speed is also good and the most important thing is XRP is available on almost all big exchanges.

Reid

hero member

Activity: 3052

Merit: 651

I mostly used BNB now. But if you are jumping from your wallet to an exchange or a local wallet with an exchange feature then that's when the problem will be with expensive additions like there are taxes to every move you will make.
I think that's why P2P became a trend before. With exchanges putting a big amount for every withdrawal, small investors can't find a way to make their cryptocurrencies as cash. Although P2P have a higher risk of being scammed they'd force their way using that option with below $1 tx fees rather than $10-20 in an exchange for just $100 worth of being withdrawn.

bamb

sr. member

Activity: 938

Merit: 251

There is another altcoin out there with next to nothing transaction fee, the transaction fee is actually a fraction of a cent. Energy web token is pos coin with a well developed protocol. Ewt is going to be a platform of choice as there is a huge incentive for deploying on it's network!

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: AmoreJaz on November 03, 2021, 04:44:38 AM

but if you transfer from exchange to your wallet, usually the exchange has fixed btc withdrawal fee, the common fee is about 50k sats - which, for me is quite expensive.

Binance is guilty of this with it's fixed withdrawal fee that has grown in dollar value over time as Bitcoin continues to rally up. Binance, together with some other exchanges, has adamantly (for whatever reason) refused to review it downward. Its 0.0005btc charge for each withdrawal is at present slightly above $30 for whatever amount one is withdrawing, and that's crazy. Again, whether exchange transfer charge or wallet charge I don't think Bitcoin transactions should count among the cryptos with lowest transaction fees. Bitcoin isn't cheap to transfer. Dogecoin, yes!

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: tyz on November 03, 2021, 06:41:27 AM

Quote from: ?? on ??

What other low-fee currencies do you know?

There is even a cryptocurrency that has no fees at all: IOTA [1].

Not sure if you've heard of it. The problem with IOTA up until now was that, in addition to the nodes, there was a central coordinator that centralized the network to a certain extent. But this will be removed in the near future, so that the network will be completely decentralized. The coordinator-free version is already available in beta and is running fine. Until it can be integrated into Mainnet, there are still some tests to be done.
In addition, IOTA recently introduced an alpha version that will allow all Ethereum smart contracts to be connected to the IOTA chain in the future.

https://www.iota.org/

I was really excited about IOTA and bought it in 2017 because of its great properties. I think DAG is superior to blockchain, honestly, because blockchain always has a scalability problem, whereas with DAG it's not a problem at all. But issues with centralization during the early stages of IOTA adoption and some bugs made people basically forget and abandon the coin, even though the problem with fees is getting more and more relevant as Bitcoin network often gets overloaded... I didn't know they moved away from the centralization, and I'm glad to hear that something's happening. Maybe it's not the end for IOTA after all, and people will notice it at some point.

blockman

hero member

Activity: 3066

Merit: 629

20BET - Premium Casino & Sportsbook

Nano has free transaction fees.
(https://coinmarketcap.com/currencies/nano/)
The other one that I use for transactions is XRP but I don't hold it but just convert my fund into it when I have to send some balance from point a to point b.

Quote from: Issac ! on November 05, 2021, 05:15:33 AM

Binance has the lowest fees, with 0.02% to 0.10% purchase and trading fees and 3% to 4.5% for debit card purchases.

Their withdrawal has low fees.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

If you are searching based on the USD value then in my opinion Tron is the cheapest of all. The transaction fee is between the range of 1-5 depending on the exchange. If you are using USDT on the Tron blockchain then it is very cheaper considering the charges applied on other Blockchain. The other benefit of using the Tron blockchain is speed. Some cryptocurrencies are much faster than it.

Issac !

newbie

Activity: 3

Merit: 0

Binance has the lowest fees, with 0.02% to 0.10% purchase and trading fees and 3% to 4.5% for debit card purchases.

Swapzone_pr

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

the blockchain of the moment bsc therefore bnb has relatively low fees compared to eth but in my opinion the lowest ever are those of matic, even wax has low fees is on the tron system such as energy, ram etc, instead banano allows transfers without fees

Adding to other suggestions, thanks

Swapzone_pr

newbie

Activity: 42

Merit: 0

Quote from: Dr.Osh on November 03, 2021, 05:18:33 AM

most of the crypto transactions between DEX to DEX or CEX to CEX, I am used to using BSC, and TRON. for now, ethereum has a very expensive fee compared to the two coins. In addition, some coins that also have low fees are Polygon, and SOL. however, so far I'm still making use of two.
other than that, in your list, I also think that bitcoin and LTC still have quite expensive fees compared to others.

I've been waiting to collect other opinions on this case, I'll definitely add some edits after this, thanks!

Almasani

full member

Activity: 854

Merit: 102

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

Actually based on all the blockchains that we use, the Bitcoin blockchain is much lower than the others. If you use a Bitcoin core wallet, you only need to pay a transaction fee of 10000 Sats. 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.
Then why Bitcoin transaction fees look much higher than others, because of the high price of Bitcoin, when we exchange with USD, it will look higher fees.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Many shitcoins have near zero transaction fees, but it also because those coins have a crappy price (thus low marketcap). Let's just focus on top-10 marketcap then. In this basket, XRP is the cheapest AFAIK since I use it regularly with near zero fees.

You can see here as well https://bitinfocharts.com/cryptocurrency-charts.html
XRP has the most tx yet still significantly lower than LTC https://bitinfocharts.com/comparison/transactionfees-xrp-ltc.html#3m

dothebeats

legendary

Activity: 3542

Merit: 1352

XRP should be added on that list. It has been my go-to crypto when it comes to transferring funds from point A to point B as long as the option is available. And since XRP already has a lot of exposure to different sectors in the past few years, there are a lot of places that includes XRP on the list of crypto that they accept.

XLM has some low fees too, although not a lot of places accept it at the moment hence its utility as a form of payment, or for transferring funds isn't really great (unless we're talking about exchange - exchange transfers).

Pelana vreo

member

Activity: 744

Merit: 10

Syntrum.com

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%

Topic: Which cryptocurrencies have the lowest transaction fees? - page 4. (Read 740 times)