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Author Topic: Which cryptocurrencies have the lowest transaction fees?  (Read 1058 times)
edwardtay (OP)
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October 21, 2020, 06:41:24 AM
 #1

One of the most significant concerns people have about a trading platform and exchanging cryptocurrencies involves the transaction fees. Many crypto options have high charges, while others aren’t as dramatic. You’d have to look around to find the lowest transaction fees on the market if you want to find something worthwhile.

Cryptocurrencies come in many forms, and they all have unique features. But you should be aware of how you’re going to find a good fee or charge that works. Knowing what works is essential for your success.

https://swapzone.io/learn/lowest-transaction-fees/
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October 21, 2020, 06:54:09 AM
 #2

I was surprised when I read your article, for a long time I used DOGE as a medium for transactions with low fees, it turns out that TRON is cheaper than DOGE.

Quote
TRON
TRON has an average transaction fee of about $0.0000901. While an average token on the TRON chain is about a penny, the extremely minimal transaction fee ensures that TRON is easier to transfer between parties. The fact that TRON is a currency a person cannot mine may be why the transaction fee is so minimal. Not having to generate anything makes it easier for the currency to grow, thus keeping charges from being a hassle.

I used to buy some digital services using USD and for each transaction, the third party withdrew 0.5 USD.
This means that cryptocurrency actually has more advantages compared to international FIAT currencies
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October 21, 2020, 06:59:13 AM
 #3

I have started using from network for transferring my USDT tokens instead of transferring it on the ethereum network between exchanges because it literally saves me 2-3 USD per transaction.

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October 21, 2020, 06:59:33 AM
 #4

There are coins with no transaction fee and transaction times 100times faster than bitcoin or other top cryptos but do you think that less transaction will make a coin superior to bitcoin?

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October 21, 2020, 07:43:09 AM
 #5

Litecoin has fast and low transaction fee.

few days i purchased PS4 charge card from egifter.com using Litecoin, it took 3 minutes to complete, i paid fee about 0.000005 LTC =~ $0.00025

i think you would find another coin with cheaper fees, but Litecoin is approved on many established online stores and it has low fees as well.

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October 21, 2020, 07:44:51 AM
 #6

I was surprised when I read your article, for a long time I used DOGE as a medium for transactions with low fees, it turns out that TRON is cheaper than DOGE.

The situation with tron is there are exchanges that still dont support this altcoin. The solution could be using Ripple. As it is supported almost everywhere and according to this article, Ripple transactions does not cost much more than Tron.

Other articles mention, that Ripples performance is 1500 transactions per second, while Tron provide 2000. For a regular user, Tron and Ripple are almost identical and one can substitute other if you need to make a cheap and quick transacion.

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October 21, 2020, 08:25:31 AM
 #7

I think Stellar from all transactions from personal wallets or on exchanges, Stellar on average only charges 0.1xlm, maybe higher in some markets but still it's the cheapest, then you can go to Doge, or TRON.

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October 21, 2020, 08:43:49 AM
 #8

there are many cryptocurrencies with low fees not just any particular one. example ark you can set your own fee at low of o.o1 or o.ooo1 ark which equal of $o.ooooo1 and it still go through.

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October 21, 2020, 09:48:30 AM
 #9

I was surprised when I read your article, for a long time I used DOGE as a medium for transactions with low fees, it turns out that TRON is cheaper than DOGE.

Quote
TRON
TRON has an average transaction fee of about $0.0000901. While an average token on the TRON chain is about a penny, the extremely minimal transaction fee ensures that TRON is easier to transfer between parties. The fact that TRON is a currency a person cannot mine may be why the transaction fee is so minimal. Not having to generate anything makes it easier for the currency to grow, thus keeping charges from being a hassle.

I used to buy some digital services using USD and for each transaction, the third party withdrew 0.5 USD.
This means that cryptocurrency actually has more advantages compared to international FIAT currencies
Me too I mostly use doge to avoid some big transactions but now surprisingly that the Tron now has the lowest transaction fee. Hope that it will last long so we could be able to use it for some of our transaction to avoid high fees in Bitcoin and Ethereum

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October 21, 2020, 10:01:54 AM
 #10

I think dogecoin, xrp and litecoin. But I am always using xrp due to minimal fee. Also using trx blockchain if I am gonna transfer usdt with their trc usdt version due to free fee.

Im a big fan of bitcoin and eth but their fee is really high compared to those Ive mentioned. Ive lately discovered this trc20 tether version and Im so glad that I did. I am saving 3 to 10$ from the fee.

Is this some form of endorsement for swapzone?

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October 21, 2020, 10:06:03 AM
 #11

Now that's new.
I am expecting XRP to be on top. Sadly, it was Tron.
Why sadly?
Because Tron is not that much used in the market. According to me.  Grin
Yeah, I would rather pick XRP or just swallow the high tx fee of Ethereum now.

Is this some form of endorsement for swapzone?
I thought about that too.
I just hoped it was well written without missing some coins that are also existing and well known.
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October 21, 2020, 10:18:04 AM
 #12

XRP i think this coin have small fee in any exchange you can try to buy so that you will know if I'm not mistaken.
Because almost crypto currency now have big fee so its much better to buy a good coins that have small fee the we can hold it.
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October 21, 2020, 10:25:31 AM
 #13

I just got surprised to see that you didn't even listed the DAG coin as the coin with the lowest transaction fees ever, it has made the users will able to send a transaction even without any fees.
The tron chain should be the scalable chain in your article. If you are talking about the coins with the cheapest txs and why you have mentioned a coin with the expensive fees.

It looks like you are also promoting your site through use the article that will redirect everyone into your site.

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October 21, 2020, 10:49:12 AM
 #14

Now that's new.
I am expecting XRP to be on top. Sadly, it was Tron.
Why sadly?
Because Tron is not that much used in the market. According to me.  Grin
Yeah, I would rather pick XRP or just swallow the high tx fee of Ethereum now.

Is this some form of endorsement for swapzone?
I thought about that too.
I just hoped it was well written without missing some coins that are also existing and well known.

I agree XRP is used more than Tron. but Litecoin is used even more than XRP and still has low fees.
I use Litecoin with all my online shopping, as like VPN, PS4 digital games, and web hosting,

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October 21, 2020, 11:17:23 AM
 #15

The coin that I used is low transaction fee and that is XRP and it is very fast after you send a few seconds only the coins is there in your wallet. But I think they have more lower transaction fee than the XRP but Im happy and contented using this coin for the transaction and hoping the fees of this coin will down more so many traders will use it people wants low transaction fees to save money.
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October 21, 2020, 11:41:54 AM
 #16

I think the cryptocurrencies with the lowest transaction fees, are TRON(TRX) and Ripple (XRP) with the average transaction fees of $0.0000901 for TRON and $0.0037 for Ripple, Both are quite fast and lower fees thats why when I used to withdraw in exchange I will convert first into XRP and send it to my local wallet app so that I can use it to pay my bills, for my shopping and many more. Thats why XRP and TRX are suitable for payments solution because it was faster and lower transaction fees.  
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October 21, 2020, 11:58:30 AM
 #17

I'm not surprised by TRON though, even in 2018 benchmark it is the cheapest already amongst top altcoins. Which Cryptocurrencies Have the Lowest Transaction Fees?, second is Ripple. However, even if they have the lowest fees people still goes to BTC and ETH, and it's because both of them are the prime movers and no one can argue with that. But the good thing with Tron is that newest online gambling sites is already accepting them, so this is a win-win situation for them and crypto gamblers.
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October 21, 2020, 12:02:34 PM
 #18

One of the most significant concerns people have about a trading platform and exchanging cryptocurrencies involves the transaction fees. Many crypto options have high charges, while others aren’t as dramatic. You’d have to look around to find the lowest transaction fees on the market if you want to find something worthwhile.

And then people moved to DEXs or whatever you want to call those Uniswap sushiswap places,,, and found out they pay super high transaction fees anyway;)

The solution has to be 2-layer movements of funds and payments for exchanges, whether DEX or CEX.

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October 21, 2020, 12:43:14 PM
 #19

I think Tether TRC-20 has the lowest transaction cost. Although I observed on the explorer that there is a TRX as an expense, they are actually free when migrating across centralized exchanges.
There are a lot of low transaction cost cryptocurrencies that I know of like Stellar, NEO, Solana, TRON ... Their transaction costs are low and liquidity is quite good but people only focus on using Bitcoin. This is very strange.

Princejebs
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October 21, 2020, 12:52:18 PM
 #20

There are coins with no transaction fee and transaction times 100times faster than bitcoin or other top cryptos but do you think that less transaction will make a coin superior to bitcoin?
We just have to choose the ones that are more suitable for daily use, there hundreds of coins that are way cheaper when making transactions. I used tron to move Usdt between wallet and exchange but I used XRP for local transactions with banks since they are readily available in my country.
I wish ethereum could go back to how it was early this year, It used to be scent but not any longer.



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