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Author Topic: Cryptocurrencies with the cheapest fees in the world?  (Read 466 times)
TofuDefi
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January 09, 2021, 09:59:55 AM
 #21

withdraw between exchanges if not using stellar can try doge or trx.
Meanwhile, for inter wallets I compared BEP20 and ERC20 very much cheaper bep20, where the transaction fee is not more than 0.1 $ while for swaps such as exchange at uniswap it does not exceed 1 $ for bep20.

TRON has lower fees. It has no fees for TRX transactions in most cases and about 1 TRX for token transfers ($ 0.03) and about 1-2 TRX for swaps.

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freigeist
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January 09, 2021, 11:08:39 AM
 #22


One of the blockchanis which cheapest fees is NEM.
A simple transfer transaction up to 10000 XEM costs only 0.05 xem
which at current prices would be about 0,01 USD.

The transaction costs increases as the amount of transferred XEM is bigger
but is capped at max 1.25 XEM per transaction.

The fee can vary depending of the type of the transaction
like if a simple or encrypted  message is sent within transaction
or an importance transfer transaction is sent or if a multisignature  tranasaction is sent.

For the full overview of transaction types and transaction fees
you can check here the NEM documentation: https://nemproject.github.io/#transaction-fees


TofuDefi
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January 09, 2021, 02:54:00 PM
 #23


One of the blockchanis which cheapest fees is NEM.
A simple transfer transaction up to 10000 XEM costs only 0.05 xem
which at current prices would be about 0,01 USD.

The transaction costs increases as the amount of transferred XEM is bigger
but is capped at max 1.25 XEM per transaction.

The fee can vary depending of the type of the transaction
like if a simple or encrypted  message is sent within transaction
or an importance transfer transaction is sent or if a multisignature  tranasaction is sent.

For the full overview of transaction types and transaction fees
you can check here the NEM documentation: https://nemproject.github.io/#transaction-fees

Does it have stablecoins like USDT or DAI?

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January 09, 2021, 03:01:27 PM
Last edit: January 09, 2021, 03:47:25 PM by qwizzie
 #24

Dash average transaction fees : $0.003


Source : https://terminal.bytetree.com/dash

Dash transactions settle on the Dash blockchain in seconds, fully protected against double spending and fully spendable by the receiver.
Send - Receive - Spend : 3-5 seconds

How does Dash achieve this : https://docs.dash.org/en/stable/introduction/features.html#instantsend

Dash transactions show as completed in the Dash Core wallet after just one miner confirmation, and spendable even before that one miner confirmation.
That brings Dash transaction settlement on its network on the same level as creditcard networks, while being decentralized and with far less transaction fees.
There are no additional fees for this instant transactions settlement feature, which is active across the Dash network.

Are you tired of high transaction fees ? Are you tired of having to look-up transaction fees manually, before making transactions ? Are you tired of having to re-do transactions
because of too low fees ? Are you tired of not being sure if your transaction even makes it to the blockchain? Switch to Dash.

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January 09, 2021, 04:14:37 PM
 #25

Are you serious about absolutely no need for ordinary gas or nano? or only certain coins / tokens. give me more details so I can see it as I know XRP is the cheapest coin to charge gas
how much does ripple's cost for it's transaction fee? because what I know about ripple it's not the cheapest coin. there are so many other coins much more cheaper then ripple.

Are you serious about absolutely no need for ordinary gas or nano? or only certain coins / tokens. give me more details so I can see it as I know XRP is the cheapest coin to charge gas
Yes, nano needs almost zero fees to did a transaction and DAG is not the same like blockchain which needs nodes to validate the transaction. We have so many explanations from the various articles that why DAG is better than ripple. Ripple is not the cheapest coin to did a transaction. You should take a look at nano and IOTA.
well said. I didn't used Iota. but I am totally agree about Nano. it's far more cheaper then ripple.

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January 09, 2021, 07:45:22 PM
 #26


One of the blockchanis which cheapest fees is NEM.
A simple transfer transaction up to 10000 XEM costs only 0.05 xem
which at current prices would be about 0,01 USD.

The transaction costs increases as the amount of transferred XEM is bigger
but is capped at max 1.25 XEM per transaction.

The fee can vary depending of the type of the transaction
like if a simple or encrypted  message is sent within transaction
or an importance transfer transaction is sent or if a multisignature  tranasaction is sent.

For the full overview of transaction types and transaction fees
you can check here the NEM documentation: https://nemproject.github.io/#transaction-fees

Does it have stablecoins like USDT or DAI?

As I know, there aren't any stable coin projects running on NEM blockchain yet.

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January 13, 2021, 09:12:30 PM
 #27

I mainly use tron (trx) when i move small amounts of crypto because of the low fees of the trx network and the big daily volume and the many peers offered you can exchange your tron to usdt (trx) and then purchase any erc20 token.
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January 14, 2021, 06:53:28 AM
 #28

I mainly use tron (trx) when i move small amounts of crypto because of the low fees of the trx network and the big daily volume and the many peers offered you can exchange your tron to usdt (trx) and then purchase any erc20 token.
TRON is good but we are talking about the cheapest tx fees that can be charged by crypto and the answer will always be the coins that used DAG system.
it says that this system doesn't require the miners but the only disadvantage from this mechanism if the transaction will be validated by the server. It says that this will be fully controlled by the human and it's not decentralized like blockchain system.

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January 14, 2021, 08:20:12 AM
 #29

Bitcoin maybe? they have you called lighting network it's more suitable for micro transactions to avoid huge fee also for what i've know there were some other cryptocurrency that has lower fee and fast transaction but most of them are less valuable than top cryptocurrencies.

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January 14, 2021, 08:31:00 AM
 #30

I use the Tron network, TRC 20, there are very low commissions, especially cheaply, you can transfer USDT in this network with minimal commissions

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January 14, 2021, 08:40:42 AM
 #31

It is true that Bitcoin ever rising fee is not friendly at all but even at that, many investors don't seems to care hence the current value today, in the same way, Ethereum rising fee is also not friendly but yet many people don't seems to care and hence kept using it and all that is associated with it. Also, I agree that cheaper fee is important but however, value and potential is more important and that is the reason why Bitcoin and Ethereum has maintained a very good growth till date.
On the other hand, talking about cryptocurrencies with cheaper or cheapest fees, I think Tron comes first in that aspect, sending TRX or any coin/tokens leveraging its blockchain like USDT from a personal wallet comes with a very little fee in TRX, while on exchanges it varies, some are free, some are not but very little fee also. Another is BSC tokens (Binance Smart Chain), the fee is also cheaper and lastly XLM. XRP is another but since they are facing an issue, I tend to overlook it.

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January 14, 2021, 08:42:56 AM
 #32

but when viewed from the cheap altcoins, most of these altcoins have very little potential as well, only altcoins that are several years old can still be trusted to be used as long-term or short-term investments. From that statement I think it is better to hold on to altcoins which, although somewhat expensive, have more potential.

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January 14, 2021, 05:02:50 PM
 #33


One of the blockchanis which cheapest fees is NEM.
A simple transfer transaction up to 10000 XEM costs only 0.05 xem
which at current prices would be about 0,01 USD.

The transaction costs increases as the amount of transferred XEM is bigger
but is capped at max 1.25 XEM per transaction.

The fee can vary depending of the type of the transaction
like if a simple or encrypted  message is sent within transaction
or an importance transfer transaction is sent or if a multisignature  tranasaction is sent.

For the full overview of transaction types and transaction fees
you can check here the NEM documentation: https://nemproject.github.io/#transaction-fees

So true. I've been using NEM for a long time, and I'd have to say that it's one of the cheapest cryptocurrencies out there for micropayments. On top of that, transactions settle almost instantly on the Blockchain. Yet, NEM is undervalued sitting below the $1 range as other cryptocurrencies gain traction. The NEM blockchain can also be used for smart contracts via the use of an API. Unlike Ethereum and other leading smart contract platforms, smart contract operations are performed completely off the NEM blockchain. This reduces the burden on the network, providing low fees and fast transaction speeds for everyone. While it's still under the radar of most investors and traders in the crypto market, I believe that the time for NEM will come as fees rise within popular blockchain networks like Bitcoin and Ethereum.

Nonetheless, I'm surprised to see many coins out there with ridiculously low fees. This makes crypto extremely practical for micropayments and cross-border transfers. It's even better than traditional credit/debit cards, as well as, money orders. The world is yet to adopt crypto/Blockchain tech to a full extent, in order to rival traditional payment processors powered by Fiat. As long as we have cryptocurrencies with blazing-fast transaction speeds and low fees, there should be nothing to worry about. Just my thoughts Grin

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