A crypto transaction fee is essentially a fee that is charged to users when transferring coins from one account to another. It varies from coin to coin and depends on multiple factors. The main purpose of a crypto transaction fee is to make sure the transaction is validated to keep the corresponding platform running and developing to secure transactions.
Finding the cryptocurrencies with the lowest transaction fees is challenging. However, if you’re a beginner, investing your money into projects with the lowest transaction fees can significantly impact your ROI. These coins include.
Stellar is an open-source payment technology founded by Jed McCaleb. McCaleb is also the co-founder of Ripple. The platform is designed to transfer financial resources swiftly and reliably at a minimal cost. Every transaction costs just 0.00001 XLM.
Tamadoge is one of the latest Metaverse blockchain projects available in presale. Namely, all transactions made using the platform’s native token TAMA come with zero fees. But that’s just the tip of the iceberg. The Tamadoge project offers much more.
Nano is another cryptocurrency designed to facilitate secure, practically instant payments. The network uses a unique block-lattice data structure, wherein each node operates its own blockchain. The NANO network transactions are completely fee-less.
The project is developed by a team of experts from India. Battle Infinity is built on top of the Binance Sensible Chain, unlocking all possibilities and features.
Cardano was founded in 2017 by Charles Hoskinson, who is also one of the co-founders of Ethereum. Its transaction fees are much higher than the previous two coins listed here but are still quite low in comparison with ETH and BTC.
IOTA is one of the most eco-friendly cryptocurrencies. It is an “open and feeless data and value transfer protocol.” IOTA doesn’t charge any crypto transaction fee at all. There are no miners on the IOTA network either. Each transaction can be completed without requiring any serious computing power.
Litecoin is often referred to as ‘Bitcoin lite’ due to the similarities in its protocol. It was founded by Charlie Lee in October 2011. The crypto was designed to offer a near-instant peer-to-peer exchange of value at affordable costs. For this it has extremely low transaction fees of around USD 0.007.
Dash, which is simply an abbreviation for “Digital Cash,” is fast becoming a popular choice amongst crypto investors and users. The average transaction fee for Dash is between $0.2 and $0.3, which is significantly cheaper than Bitcoin.
Tron is an open-source blockchain network that is designed for entertainment and content creation. It was established in March 2014 by Justin Sun with the aim of decentralising the web. Tron is one of the only Ethereum killers that has registered single digital losses in the crypto winter.
Ethereum Classic is a hard fork of Ethereum that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support DApps. Its native token is ETC. Its transaction costs are relatively low.