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Author Topic: Which cryptocurrencies have the lowest transaction fees?  (Read 1105 times)
aioc
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October 22, 2020, 04:16:22 PM
 #61

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/

I agree that Tron should be rank first as the token with the lowest transaction fees I have tried it and use Tron many times merchants should adopt Tron, and why you did not include Doge, Doge is my favorite and a good replacement whenever Ethereum commands a high transaction fee you can send Doge for as low 3 to 5 cents.

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October 22, 2020, 04:47:42 PM
 #62

If I want to cash out, my habit will exchanges into Litecoin, Stellar, Doge, Tron, Waves because if i calculated these coins provides low transaction fees. I forget which one the lowest from the list. But whatever you choose from the list you will not be disappointed


Usually I use Stellar because it's always cheap and fast to process even though it's only a small fee, besides that I've never tried other coins like Tron, Waves, Doge, Litecoin, because I'm hesitant to try it, maybe it's too familiar with Stellar transactions so it's a little bit hesitate to try transactions with other coins ...
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October 22, 2020, 10:18:51 PM
 #63

I believe there are many coins with low transaction fee and if one should probably carryout an in-depth research the list might be long, but however we are accustomed to the likes of Doge, Trx, XLM, XRP, BNB etc. But as for me, when it comes to withdrawing from an exchange, I normally withdraw via USDT unless I am withdrawing a particular coin to my personal wallet for holding, but if not, I always withdraw via USDT. The reason for my choice is this, withdrawing via USDT is free but the withdraw must be done through TRC 20 , therefore any wallet or exchange that supports TRC 20, I can withdraw to it and it's free. But if the exchange is yet to support TRC 20, then Instead of withdrawing through USDT on ERC 20, I convert to XLM and withdraw because it is also cheap.

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October 22, 2020, 11:28:37 PM
 #64

Eth and Bitcoin currently have much higher transaction fees. Which is 5-6$ or more. But there are have many cryptocurrencies with low transaction fees. Tron is the best of them all. Tron transactions are much faster than other currencies. Also have Doge, Xrp, Ltc, Eos Etc.
i'm still using tron. and yes it has a low transaction fees. for me, as long as the transaction fees is less than 1 dollars and get the fast transactions, i have no problem with that.
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October 23, 2020, 08:16:05 AM
 #65

if you search well you will find altcoins with which you can save in transfers between various exchanges instead of directly spoiling ethereum or bitcoin which have very high fees, litecoin,xrp and doge have very low fees, tron ​​has almost zero fees and banano has no fees for transfers
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October 23, 2020, 09:13:27 AM
 #66

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/
wow, that's an interesting site. If there is expensive gas on the ether network, then I use the tron to transfer funds, because there are the smallest commissions, but for myself I doтe consider a commission of $ 0.50 large, therefore I rarely use the tron network

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October 23, 2020, 01:24:13 PM
 #67

try to send money from your bank account to someone in another country
 you will pay at least $ 20-50 for banking services
therefore, compared to such an amount
 the commissions in cryptocurrency are very small
Yes, that's true. Transaction in terms of bitcoin will charge you around $5-$7 which is quite low compared to the cross border transaction through Bank. Further when we change the bitcoin to cash it'll be charged little. This way even the transaction through bitcoin is profiting compared to banking. If we do transaction within cryptocurrency then TRC10 is profiting.

in addition, now you can buy a lot of things for bitcoins
 so you don't even have to exchange them for fiat
there are many services on the Internet that provide such a service
and the number of such sites is constantly growing

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October 23, 2020, 04:34:16 PM
 #68

Mainly I’m a HODL’er and in my wallet I hold more of Bitcoin, Ethereum and LTC. LTC and ether has the lowest fees.

Apart from the trading and exchanging, most of the time it’s transactions that I do and there are hardly anyone that would accept those two coins (LTC and Eth) from you, it’s usually BTC and that’s what I have to use all the time, but those other two has cheaper fees. Bitcoin is okay too, depending on the network, there are times it gets congested and you won’t be able to send at a low fee, you will have to pay high fees.
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October 23, 2020, 04:42:01 PM
 #69

Tron has become famous for their low transaction fees, and for usdt, you don't pay a penny using the TRON network. I can't wait for Tron innovation coins such as trxBtc trx backed up by bitcoin or trxEth trx backed up by Ether with a zero fee.
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October 23, 2020, 05:10:03 PM
 #70

If you could use bitcoin in lightning network it is basically free, I mean not literally free but it is as free as it gets. The only reason why people are not using it in bulk right now is manipulation because big places like exchanges are making thousands of dollars (probably more if they are like binance) from the withdrawal fee.

They get 0.0004 or whatever from each person and send in bulk to like 20-30 people and pay only 0.001 and they pocket the change as a profit and when you ask them why it took this much amount they usually come up with the same lie as "it would be individually so we take it just in case if there is no other withdrawal" and that's it. Obviously if we all move to lightning network right now there would be millions of dollars per day removed from the exchange profits.

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October 24, 2020, 01:27:34 AM
 #71

and banano has no fees for transfers
Because banano price under US $0,001 so that you don't have feel a fee to do transaction.

If you could use bitcoin in lightning network it is basically free, I mean not literally free but it is as free as it gets.
If he use non custodial wallet still need pay channel fee for that

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October 24, 2020, 01:44:16 AM
 #72

If I want to cash out, my habit will exchanges into Litecoin, Stellar, Doge, Tron, Waves because if i calculated these coins provides low transaction fees. I forget which one the lowest from the list. But whatever you choose from the list you will not be disappointed
You can use USDT have trc20 platform for withdrawing because not have to pay fee anymore, I use for withdraw my assets from binance to local exchange and cash out with cash money. But of you wanna withdraw with other currency better with tron coin and almost exchange market take 1 trx each withdrawing, I think is best and lower lowest transaction fees if you wanna sent your cryptocurrency.
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October 24, 2020, 02:33:06 AM
 #73

One of the most significant concerns people have about a trading platform and exchanging cryptocurrencies involves the transaction fees.
You can get comparison for transaction fees with some big cryptocurrencies, not young and small ones with blockchair.com explorer
https://blockchair.com/compare (you can customize the comparison by adding or excluding the coin you want or unwant).

Please remember there are risks of replay attacks on cryptocurrency networks, especially with small networks. Months ago, not too far ago, the Ethereum Classic network was attacked two times in short period.

Check cost of 1hour attack with https://www.crypto51.app/ then make your decision. With altcoins if you choose them as your transaction method, please move each transaction with only part of your capital, not all.

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October 24, 2020, 07:19:29 AM
 #74

So far, the altcoins I use as a transaction tool are TRON and XRP. both coins have a fairly low fee, even when you make large transactions. Besides that, I chose it depending on the wall on an exchange, and between the two, I often use TRON because it is the cheapest.

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October 24, 2020, 08:01:08 AM
 #75

if withdrawing funds from an exchange, I think XLM and TRX are really very cheap for withdrawal fees, I can't find anything else even if there is no XLM and TRX alternative, I can replace it with LTC or DOGE depending on the exchange, there are some exchanges that don't provide TRX and XLM may not be profitable for them because of the low cost

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October 24, 2020, 08:07:30 AM
 #76

The lowest transaction cost is USDT Tron based token which has no fees. But if you are sending the funds by the Dogecoin blockchain network you will get a very low transaction cost. Also, some others are Litecoin, VET, and EOS networks have low transaction costs.

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October 24, 2020, 08:25:51 AM
 #77

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/

I used to love Ethereum because of the very low transaction fee and the fast transactions, it's the first I transact and I love holding it and trading it but now I shift my preference to Tron and Litecoin because they charge the lowest and transaction is also very fast Tron is almost instant Litecoin can be confirmed in a few minutes.

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October 24, 2020, 02:33:43 PM
 #78

I think it is EOS coin, you will only need some fraction of EOS to send your coin or any EOS tokens.
Not mention that the transaction speed is very fast, it will be worth to use it.
Another coin from my opinion is Tron. Tron blockchain have fast transaction speed and low fee too.

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October 24, 2020, 03:20:35 PM
 #79

transaction fees are often a daunting task for those who want to trade.  I personally will always choose the coins with the lowest fees for making trades.  the ones I usually use (for withdraw or transfer) are XLM, TRON, XRP, and DOGECOIN, all of these 4 coins have been shown to charge low fees..

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October 24, 2020, 03:29:11 PM
 #80

1. Tron Network
2. EOS
3. Doge Coin
4. XLM
5. Litecoin

The reason why these coins have low transaction fee is their value, they have big max supply and low value too, the transaction fee can easily surge in future if Doge coin costs 10$ or 100$

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