Cryptocurrencies have completely taken over the globe. As a result, few investment options are as trendy right now as cryptocurrencies.
You may buy various cryptocurrencies from a variety of crypto exchanges. Once you’ve done that, it’s simple to begin trading with them. All popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and many others, have crypto pairs available.
The comparatively large transaction fees levied by popular cryptocurrencies, on the other hand, irritates most crypto traders. Fortunately, several cryptocurrencies charge extremely low transaction fees.
1. NANO (NANO)
NANO, like IOTA, does not charge a transaction fee. All transactions are processed and concluded in a fraction of a second, making it an excellent cryptocurrency for people who need to swiftly transfer significant sums of money.
Unlike a proof-of-work blockchain, where miners compete to add blocks, each NANO user runs a blockchain that they can expand. NANO refers to it as the Block Lattice. This improves NANO’s transparency and scalability without negatively impacting the network.
2. Stellar (XLM)
Stellar is one of the most popular cryptocurrencies to buy. The Stellar blockchain is extremely fast, with payments authenticated and settled in a matter of seconds at most. The average transaction cost is also astoundingly low, hovering at 0.00001 Lumen, Stellar’s coin.
Based on Lumen’s current pricing, you’ll spend around $0.0000011 for each transaction. As a result, stellar is fast becoming a popular solution for people who want to transfer significant sums of money online. It’s also the reason Stellar is ranked first on our list.
3. IOTA (IOTA)
It is one of the greenest cryptocurrencies on this list. IOTA is an “open and feeless data and value transfer protocol.” The IOTA Foundation is a non-profit organization based in Berlin that oversees the IOTA token’s development.
IOTA charges no transaction fees at all. No miners are on the IOTA network; each transaction may be completed with minimal CPU effort. This also eliminates the requirement for a petrol fee.
What drives the price of this token now that there is no transaction fee? The answer is straightforward: demand. This is because the network becomes faster as more transactions are completed. But, more importantly, confirmation times remain low, averaging between 10 and 12 seconds.
4. Dash (DASH)
Dash, merely an abbreviation for “Digital Cash,” is becoming a popular cryptocurrency among users and investors. Dash’s typical transaction fee ranges between $0.2 and $0.3, making it much less expensive than Bitcoin.
More importantly, transaction speeds on Dash are significantly faster. It’s effectively a fork of Litecoin, a fork of Bitcoin. Dash is accepted by many retailers and exchanges, making it a more enticing choice.
5. Cardano (ADA)
Cardano is a wildly popular cryptocurrency that is fast, immensely scalable, and, most importantly, environmentally benign. However, compared to the names mentioned above, ADA still charges a significant transaction fee, ranging between 0.15-0.18 ADA.
Due to its rapid development, Cardano’s blockchain has garnered much attention. Thanks to Goguen’s development, Cardano now has smart contracts, which allow users to build DApps on Cardano’s extremely transparent network.
Cardano has swiftly become one of the most popular cryptocurrencies in the DeFi community because of its low transaction costs, practical applications, and stable basis.
6. Litecoin (LTC)
Litecoin was created to be used for payments. Hence the developers have taken steps to keep transaction costs as low as possible.
The average transaction fee is roughly $0.0070, and each transaction takes about two minutes to settle. Litecoin is also quite popular because it is one of the oldest cryptocurrencies on the market.
It’s nearly identical to Bitcoin, which is one of the reasons why it’s been in high demand since its inception.
7. Zilliqa (ZIL)
Zilliqa is a blockchain platform primarily intended to support the creator economy and the DeFi community. It leverages the ZIL token to allow blockchain developers to begin developing DApps on its platform.
The transaction fee is currently 0.1 ZIL, meaning you’ll spend less than a cent on each transaction. So if you want to create, buy, or sell NFTs, Zilliqa is a great place to start.
8. Tron (TRON)
It was created in 2017, and within a few years, its market worth had risen to $1.6 billion. TRON was created to improve the structure of the original cryptocurrency, Bitcoin.
The typical transaction fee is currently a fraction of a cent, making it an excellent choice for sending or receiving money. In addition, USDT, Tether’s stablecoin, is also available on the TRON network, allowing you to effortlessly send and receive sums with no transfer fees and practically immediate transfers.
9. EOSIO (EOS)
EOSIO is an open-source blockchain platform for creating and maintaining digital infrastructures. EOS is a very popular cryptocurrency. When it was launched in 2018, its initial coin offering raised $4.1 billion.
Many people regard EOS as a competitor to Ethereum (a so-called Ethereum-killer) with superior performance. Technically, there are no transaction fees associated with sending or receiving EOS. However, it will use some critical resources to validate the purchase, such as CPU, RAM, and network bandwidth.
Even yet, transaction fees are insignificant.
10. Ripple (XRP)
Ripple is a cryptocurrency that aims to improve the global payments system by making it easier to move huge amounts in a shorter amount of time.
The average Ripple transaction takes 3-5 seconds to settle, and the average transaction fee is roughly $0.00265. More importantly, Ripple has gained legitimacy by collaborating with major organizations such as the Royal Bank of Canada, American Express, and Bank of America.
When Purchasing Cryptocurrencies, Exercise Caution
11. Digibyte (DGB)
Digibyte is a fast-growing open-source blockchain network that takes great satisfaction in its decentralized nature. Every 15 seconds, blocks are mined, allowing for up to 1066 on-chain transactions per second.
At $0.0005 for each transaction, the transaction fee is likewise quite low. Moreover, it is also environmentally friendly because it is a proof-of-work coin. A transaction on the blockchain, on the other hand, takes about five minutes to confirm.
12. Vertcoin (VTC)
To offer mining rewards and generate new coins, Vertcoin employs a proof-of-work consensus. As a result, Vertcoin’s average transaction fee is roughly 0.0027 VTC, making it one of the lowest in the business.
You can also mine Vertcoin with their simple mining program. However, it’s important to realize that it’s just a rudimentary GPU Bitcoin derivative. It reflects the overall development of Bitcoin. It is available on Bittrex as well as other exchanges such as HitBTC.
Be Careful When Buying Cryptocurrencies
While cryptocurrencies have advanced significantly over the last decade, exercising caution before putting your hard-earned money into any cryptocurrency is still important.
There have been countless incidents of developers abandoning projects and fleeing with investor funds. This is referred to as a “rug pull.” So before you put money into any coin, always do your research.