Which Currency/Blockchain Network has the lowest fees?

Discussion Use-case
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We always have a question in mind that " Which network has a lowest transaction fees?" For doing any transaction which fee should I have to choose. Well let see,

  1. Bitcoin has a lowest fee of $0.557 since June, 2020 and a highest fee of $3.841. For making a safe transaction, you may choose 40~50 satoshis per byte which is roughly $0.7~$0.84. Below 20 satoshis per byte may not validate your transaction or may validate in a week.

  2. Ethereum has a lowest fee of $0.404 since June, 2020 and a highest fee of $4.025. For making a safe transaction, you may choose 80~85 gwei as gas fee which is roughly $0.5~$0.6 . Below 40 gwei may not validate your transaction or may validate in a week. Same for tokens in Ethereum network.

  3. Litecoin has a lowest fee of $0.0094 since June, 2020 and a highest fee of $0.0147. For making a safe transaction, you may choose 1~2 sats per byte which is roughly $0.0094~$0.014.

  4. Bitcoin Cash has a lowest fee of $0.0027 since June, 2020 and a highest fee of $0.0095. For making a safe transaction, you may choose $0.0042~$0.0059 as transaction fee.

  5. Ethereum Classic has a lowest fee of $0.0004 since June, 2020 and a highest fee of $0.0012. For making a safe transaction, you may choose $0.0004~$0.0009 as transaction fee.

  6. DogeCoin has a lowest fee of $0.003 since June, 2020 and a highest fee of $0.011. For making a safe transaction, you may choose $0.0044~$0.0082 as transaction fee.

  7. Monero has a lowest fee of $0.0126 since June, 2020 and a highest fee of $0.0735. For making a safe transaction, you may choose $0.0267~$0.0338 as transaction fee.

  8. Ripple has a lowest fee of $0.0000507 since June, 2020 and a highest fee of $0.0006. For making a safe transaction, you may choose $0.000052~$0.0000899 as transaction fee.

  9. Dash has a lowest fee of $0.0019 since June, 2020 and a highest fee of $0.0067. For making a safe transaction, you may choose $0.0028~$0.0046 as transaction fee.

  10. Tron has a lowest fee of $0.$0.0000401 since June, 2020 and a highest fee of $$0.00009. For making a safe transaction, you may choose $0.00004~$0.00009 as transaction fee. Same for tokens in Ethereum network.

Happy Transaction.

Courtesy: BitInfoCharts
Note: The suggested safe transaction fee may vary with times. Always check related network for updated transaction fee.

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This is a very important information about the transaction fees

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3

Nice one.
Thank you for the breakdown of each fees

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5

Now I know how the fees work :unamused:

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6

Nice talk all friend

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7

Try Solana, @ahmedtanjid

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It’s hard to cover all blockchain in a single post. Thanks for your suggestion, I will add them if possible.

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So to avoid high transaction fees if you are withdrawing your bitcoin or eth, convert it to cryptos with low txn fees like bitcash or ripple then proceed to convert to your fiat?

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@Blackzues safe transaction fee

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Solana es un buen proyecto, solana a la luna to the moon :partying_face::rocket::heart_eyes:,

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Thank you for infos mate !

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I have always loved BCH for it very cheap transaction fee. More so, its not as congested as eth and btc is at the moment. Fast and secured transaction.

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$NANO coin…no fees :grin:

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