5 cryptocurrencies with the lowest transaction fees (2024)

5 cryptocurrencies with the lowest transaction fees (1)

5 cryptocurrencies with the lowest transaction fees (2)

By CNBCTV18.comJul 21, 2022 6:50:08 PM IST (Updated)

SUMMARY

Cryptocurrencies like Bitcoin and Ethereum are known for their exuberant transaction fees, especially when there’s a lot of traffic on the network. For instance, on July 3, 2022, the average gas fee on Ethereum was USD 1.57 per transaction, and that’s the lowest it has been since 2020. However, just a couple of months ago, on May 1, 2022, the average fee touched a whopping USD 196.638. These high fees, coupled with their unpredictable nature, can be a real issue for traders. Fortunately, there are plenty of other cryptocurrencies out there that offer way more affordable transaction fees. Here are 5 such coins you can explore.

5 cryptocurrencies with the lowest transaction fees (3)

5 cryptocurrencies with the lowest transaction fees (4)1 / 5

Stellar (XLM): Stellar is an open-source payment technology founded by Jed McCaleb. What’s interesting is that McCaleb is also the co-founder of Ripple, another currency exchange and remittance network. It’s probably one of the reasons why the two networks have so many similarities. The platform is designed to transfer financial resources swiftly and reliably at a minimal cost. In fact, every transaction costs just 0.00001 XLM. That’s about USD 0.000010077, considering that XLM was trading at USD 0.1028 at the time of writing. (Image: Shutterstock)

5 cryptocurrencies with the lowest transaction fees (5)

5 cryptocurrencies with the lowest transaction fees (6)2 / 5

NANO (XNO): Nano is another cryptocurrency designed to facilitate secure, practically instant payments. It was launched as RaiBlocks (XRB) in 2014 and rebranded to Nano in January 2018. The network uses a unique block-lattice data structure, wherein each node operates its own blockchain. This is unlike traditional blockchains where nodes compete with each other to add blocks to one common blockchain. However, what’s most unique about the NANO network is that transactions are completely fee-less. That’s right, you can make transactions at zero costs. (Image: Shutterstock)

5 cryptocurrencies with the lowest transaction fees (7)

5 cryptocurrencies with the lowest transaction fees (8)3 / 5

5 cryptocurrencies with the lowest transaction fees (2024)

FAQs

What crypto has the lowest transaction fees? ›

Let's take a closer look at each of those tokens!
  • ReddCoin. Transaction Fee: $0.000073. ...
  • Monero. Transaction Fee: $0.00014. ...
  • Ripple. Transaction Fee: $0.0011. ...
  • Bitcoin Cash. Transaction Fee: $0.0024. ...
  • Dash. Transaction Fee: $0.0043. ...
  • Solana. Transaction Fee: $0.02275. ...
  • LiteCoin. Transaction Fee: $0.03-0.04. ...
  • Dogecoin. Transaction Fee: $0.04.
Jul 15, 2024

Which crypto market has the lowest fees? ›

Among the cryptocurrency exchanges that we evaluated for fees in 2024, Binance emerges as a standout choice for the lowest fees. With trading fees ranging from 0.1% to 0.02% for makers and 0.1% to 0.04% for takers, Binance offers competitive rates across a wide array of cryptocurrencies.

Which crypto app has lowest transaction fees? ›

Compare the Best Cryptocurrency Exchanges
CompanyTransaction FeesCurrencies
Crypto.com Best Mobile App0.00% to 0.075%350+
Gemini Best for Security0.0% to 0.40% for active traders, 1.49% for most transactions on the regular platform2370+
BitMart Best for Altcoins0.04% to 0.6%241,500+
Cash App Best for Bitcoin0.75% to 3%261
3 more rows

Which is the cheapest cryptocurrency? ›

A Closer Look At Best Cheapest Cryptocurrencies to Invest In
  • Dogecoin. ...
  • Polkadot. ...
  • Algorand. ...
  • VeChain. ...
  • Basic Attention Token. ...
  • Loopring. ...
  • Zilliqa. ...
  • 1inch Network. 1inch is a decentralized exchange that uses both the Binance Smart Chain and the Ethereum Network.
Jul 24, 2024

Where can I buy crypto with the lowest fees? ›

Cross-Platform Bitcoin Purchasing Fees
PlatformPurchase FeeBMJ Score
Binance.US0%4
Bisq0.15%4
Kraken0.16%3
Coinbase0.50%3
4 more rows
Mar 27, 2024

Which crypto has lowest transaction fees on Binance? ›

Nano is the most cost-effective cryptocurrency for money transfers, with zero transaction fees. This unique feature is made possible by its innovative block lattice architecture, which allows for instant transactions without any fees.

Which crypto futures has the lowest fees? ›

What are the best crypto futures trading platforms?
ExchangeDerivative trading pairsTrading fees
OKX640+From 0.05%
Bitget230+From 0.02%
Bitfinex90+From 0.02%
Kraken200+From 0.02%
6 more rows
Feb 6, 2024

What is the safest cryptocurrency? ›

The world's first cryptocurrency, Bitcoin, has the largest market capitalization. Its established network, limited supply, and growing institutional adoption make it a relatively safe haven in the volatile crypto market.

What is the most trusted cryptocurrency? ›

1. Bitcoin (BTC) Since its inception in 2009, bitcoin has become the most popular and valuable cryptocurrency. It was created by an individual, or perhaps a group, operating under the pseudonym Satoshi Nakamoto.

Where is the safest place to buy Bitcoin? ›

Coinbase: Safest Way To Buy Bitcoin. Gemini: Best Bitcoin Exchange For All 50 States. Kraken: Most Established Bitcoin Exchange. Nexo: Best for Daily Payments.

Is there a zero transaction fee for crypto? ›

Phemex, Crypto.com, Kucoin, Amplify, Shapeshift, Lykke, and Newton are the best zero-fee crypto exchanges. Amplify is suitable for P2P trading. One offers the fastest and secure transactions, while the other makes it commission-free. Crypto.com and Kucoin exchange provides a wide array of crypto assets.

What is the best crypto wallet in the US? ›

Coinbase, Ledger and Safepal offer the best bitcoin and crypto wallets according to our testing. Your cryptocurrency is only as safe as your private key. The safest place to keep this alphanumeric sequence that allows you to access your funds is in a cryptocurrency wallet. Hot wallets are connected to the internet.

Which crypto coin has the lowest fees? ›

Stellar (XLM) offers the lowest crypto transaction fees and the fastest transactions. It serves as the native token for the Stellar Network, a platform for stablecoin users. Thanks to the Stellar Consensus Protocol (SCP), each Stellar transaction costs only $0.0000035, one of the lowest fees in the crypto world.

What is the number one crypto to buy now? ›

Our research shows the best cryptos to buy right now are Bitcoin, Ethereum, XRP, Solana, BNB, Dogecoin, and Cardano. These projects range from the scarcity-driven Bitcoin and Layer-1 Ethereum to the FinTech XRP, utility-focused BNB, and community-centric Dogecoin, catering to diverse crypto investors.

Which crypto is best to invest today? ›

Top Cryptos
NamePrice24H High
BTC Bitcoin4,503,1514,503,151
ETH Ethereum212,998.9212,998.9
USDT Tether USD68.4068.40
BNB Binance Coin38,500.0138,500.01
37 more rows

Which crypto exchange charges the least? ›

Binance India

Low fees: Binance offers some of the lowest fees for cryptocurrency investors. Trades are subject to a 0.1% standard fee.

Which crypto trading platform has 0 fees? ›

Phemex, Crypto.com, Kucoin, Amplify, Shapeshift, Lykke, and Newton are the best zero-fee crypto exchanges. Amplify is suitable for P2P trading. One offers the fastest and secure transactions, while the other makes it commission-free. Crypto.com and Kucoin exchange provides a wide array of crypto assets.

Is BTC or ETH cheaper to send? ›

Ethereum fees have tended to be higher than those for Bitcoin. But before you complete a trade or transaction for either, it can be good to look at the network fees to see if they're running higher than usual. If it's not a time-sensitive transaction, you can sometimes save money by waiting for fees to go down.

What is the transaction fee for $1000 dollars of Bitcoin? ›

Bitcoin Pricing
Total Exchange AmountPercentage Fee
$200.01 - $10001.75%
$1000.01 - $20001.5%
$2000.01 - $30001.25%
$3000.01 - $50001%
4 more rows
Oct 20, 2023

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