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.

bigjuk

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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.

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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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, 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.

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/

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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.

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, 12:24:07 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, 12:24:07 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, 09:38:29 AM

Quote from: kak uli on November 16, 2021, 04:19:34 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, 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

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.

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Quote from: Pejoh Asu on November 19, 2021, 07:12:33 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.

Pejoh Asu

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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.

letyouearn

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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 Grin

hello_good_sir

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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.

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

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.

Natalim

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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

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.

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.

tarable

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Quote from: kak uli on November 16, 2021, 04:19:34 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.

dupee419

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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.

Doell

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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

Lubang Bawah

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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.

marilynmanson21

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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 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

justdimin

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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

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.

azhariejaya

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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.

kak uli

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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.

StarKay

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Quote from: Almasani on November 03, 2021, 01:46:30 PM

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.

Most exchanges don't want you to withdraw Bitcoin, that's why the withdrawal fees is mostly high on exchanges, they simply prefer that you swap/trade your BTC to ALTs.
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.

haasanjui

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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

RussianEnglishTranslation

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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.

nira09

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Quote from: Pelana vreo on November 03, 2021, 12:22:05 PM

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 :
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)

Joshapat

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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.

Sirait

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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.

Questat

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Quote from: mindrust on November 03, 2021, 06:27:20 AM

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

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.

Traderbtcc

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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 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

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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

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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

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 !

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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

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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

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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

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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

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

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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

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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

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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%

Pejoh Asu

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If I want to transfer assets from exchange to other exchange then I use TRON, I think TRON is a coin with very cheap transaction fees, some time ago I sent TRON from TRUST wallet to exchange and the transaction fee was only 0.02 TRX or less than 1 cent.

cryptomaniac_xxx

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XRP and LTC was very cheap back in the days and was very fast, I have personally experience with it way back.

BTC as long as you have control over it, then you can set the price as low as possible, (less than 1$) and very quick confirmation.

ETH, well there was a time that it become as an alternative because it's cheap and fast but not anymore. The problem with IOTA is that they are very centralized to the eyes of investors and even if they claim that they don't have any fee, it didn't enjoy the support of the community.

Stanlo

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They are too many Grin

I don't see BnB on your list why? I'm not even ready to list some because they are many, some you may never even heard about before, do you know Apollo currency? At this stage cheap gas fee isn't on of the reasons why I would invest in a project or not because too many have solved this issue already

ice18

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Quote from: ?? on ??

What other low-fee currencies do you know?

XLM and MATIC also has very low fees compared to other chains like eth,xrp, ltc. If Im not mistaken Temtum not so popular coin has almost zero fees if you remember about this coin few years ago, its one of the very promising project before but I dont know any updates about it now.

2girls

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BTC is the cryptocurrency which transection fee is very low to another BTC vs ETH is a very best coin but its Transection fee is so high so some time you send your coin so the Transaction fee is high then the coin actual price so everyone mostly use BTC that is the main reason.

noah tall

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I am not sure but i m using bnb , and for me there is a very Little bit of fee . As i say above i don't se when i trade or transact other crypto I don't care about the fee, but in my judgement i can say there is bnb for lowest fee.

tyz

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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/

mindrust

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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

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.

Dread Pirate Roberts

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for me cheap here anything under $1 for transfer with the fastest option. What I usually use for make a payments is coin that accepted by many merchants so far is coins like XRP. LTC. BTC (segwit), Doge and it seems that almost all smart contract tokens on BSC also have low fees.

Ararbermas

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For me XRP has the lowest fee but through binance exchange wherein using spot account its only 0.25xrp every transaction which equivalent of $0.30. Cheesy

actually i've been using binance since october and the fee still as is.. And what really amazing about using this platform is, if you're using trc20 USDT there's no fees for withdrawal, but unfortunately it's not available on my main wallet reason i'm still using xrp .. Sad

DOH!

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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

These are good options at layer 1. In today's expanding development trend when the need for fast, secure and low-cost transfer is a matter of concern to investors or users. Exchange network costs are emitted to offset and benefit operators that are developed primarily on POW. Others have transitioned to POS state, so network charges will be met almost immediately. In the future, Bitcoin with LN, along with taproot will also solve the majority of network fee problems.
Layer 2 protocols like on Polygon are also impressive given the overall low cost.

Dr.Osh

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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.

Swapzone_pr

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Quote from: asriloni on November 03, 2021, 05:01:56 AM

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)

Exchange site fees has nothing to do with the blockchain as it was determined by the exchange site itself about much they will charge for the fees (withdrawal, deposit and trading)

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

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).

To be honest I rarely saw about the wallet fees. I thought that if almost all of wallet didn't charge for the fees from its users who keep the funds in the wallet.

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, Bitcoi

Are you sure about that? TRON can be considerd as the cheapes transaction from the list but it's not for bitcoin and litecoin. There are bunch of new tokens that have lower fees compared with bitcoin chain and litecoin chain. I'm thinking if bitcoin cash didn't have cheap fees as well.

You can check SOL.

I've already said about BTC previously and Litecoin is easier to mine than bitcoins it has a value of $40 or greater, making the transaction fee of 20 cents all the more appealing.
But I got your point, thanks I will check!

asriloni

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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)

Exchange site fees has nothing to do with the blockchain as it was determined by the exchange site itself about much they will charge for the fees (withdrawal, deposit and trading)

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

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).

To be honest I rarely saw about the wallet fees. I thought that if almost all of wallet didn't charge for the fees from its users who keep the funds in the wallet.

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, Bitcoi

Are you sure about that? TRON can be considerd as the cheapes transaction from the list but it's not for bitcoin and litecoin. There are bunch of new tokens that have lower fees compared with bitcoin chain and litecoin chain. I'm thinking if bitcoin cash didn't have cheap fees as well.

You can check SOL.

Swapzone_pr

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

are you sure you are including btc in your list? though if you are sending btc from your wallet to let's say exchange and it happens that there's no network congestion, you will pay very minimal fee. 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.
btw, if you can also include XRP in your list, as this is one of the popular alts you can find in a lot of trading platforms that will incur you very economical fee.

Yes bitcoin has a high fee worth thousands of dollars per token, but transaction fee is about a little over a dollar. The high total is great for ensuring it won’t be hard for a transaction to move forward and be more viable. But the bitcoin fees can vary by every party, so you’d have to look around to see what’s open.

Thanks for the suggestion, XRP to the list!

AmoreJaz

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are you sure you are including btc in your list? though if you are sending btc from your wallet to let's say exchange and it happens that there's no network congestion, you will pay very minimal fee. 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.
btw, if you can also include XRP in your list, as this is one of the popular alts you can find in a lot of trading platforms that will incur you very economical fee.

Swapzone_pr

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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

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