Top Cryptocurrencies With Almost Zero Transaction Fees

No one likes paying high transaction fees on a blockchain network. Gas prices on Ethereum touched all-time highs last year. In order to maintain the network, blockchain platforms charge a fee on transactions, usually in their native tokens.

Luckily, there are a few crypto ecosystems that charge very low fees for transactions, making them more affordable for users.

Here are some crypto currencies that charge very low transaction fees:

Monero

Monero is a cryptocurrency project that focuses on improving the privacy and anonymity of blockchain transactions. Blockchain tokens like Monero attempt to hide these transactions in order to keep data hidden from public scrutiny.

Monero also tries to make its platform affordable to use in order to get more individuals to join and use the ecosystem. That’s why it has reduced transaction costs as compared to other blockchain networks. Monero’s fee averages at 0.0000075 XMR

Ripple

Ripple is a blockchain-based digital payment settlement network and remittance system that aims to enhance global payments by enabling large amounts to be transferred in little or no time. It aims to serve as a blockchain-based alternative to the SWIFT system for international money transfers (which is used by banks and other intermediaries when transacting currencies).

The network’s current minimum transaction cost for a typical transaction is 0.00001 XRP. It occasionally rises due to higher pressure.

Stellar

It is one of the most well-known blockchain-based payment networks in the cryptocurrency industry. The Stellar Lumen project, like Ripple’s XRP, aims to create a vast blockchain network that will link banks, payment systems, and individuals by facilitating low-cost payments.

Stellar draws millions of users due to its low transaction cost.
The platform charges an average transaction fee of 0.00001 XLM (Lumen, the Stellar token).

DASH

Dash is an open-source altcoin that was forked from the Bitcoin protocol. It aspires to replace cash as the primary method of exchange in favor of a digital currency that can also be used to make purchases using a credit card or online payment services like PayPal.

It primarily functions as a form of payment and has greatly lowered the transaction costs associated with the payment. Dash’s typical transaction cost is between $0.2 and $0.3 (0.0071 DASH), making it significantly less expensive than Bitcoin.

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