Don't waste your gains on Transaction Fees

Cryptocurrency transaction fees are basically used in processing fees built into the network that maintain cryptocurrency tokens, meanwhile the fees third party exchanges charges are their own fees not blockchain fees, we have to know the difference, Transaction fees often apply to any time someone transfers coins, either to another person either as a payment or to ones personal wallet.

Sometimes i think why would someone feel calm incurring a high fee because you want to buy a token, or because its a popular token, you feel its no cause for alarm, but in the real sense, or on the long run it may become bulky and inconvenient.

In the real sense, transaction fees are meant to be lower and not bulky and not inconvenient, then when transaction fees starts becoming inconvenient, then it shouldn't be among the cryptos, we should just count it as part of our traditionally commercial banking.

Some of the cryptocurrency you can buy with a very low fee:

• Bitcoin Cash: Bitcoin Cash like we know was a fork of Bitcoin, it forked from bitcoin to improves the transaction fees, the network speed, the scalability, the peer to peer transaction to mention a few, and since its been improving, Bitcoin Cash is very well known for this. a time would come when people would be so concerned about transaction fees when buying a coin, crypto trading is already complicated enough, so the concern would be not losing money but the transaction fees it would cost to send a token to someone as payment or to ones personal wallet. Aside from the fact that it has a fast delivery network, the low transaction fees is the juicy part, Bitcoin Cash charges as low as $o.o025 per transaction, who would not fall in love with this?

• Bitcoin SV and Bitcoin Gold: These two tokens are fork of Bitcoin and fork of Bitcoin Cash respectively, and they have almost same characteristics and mission like that of Bitcoin Cash, low transaction fees and faster transaction, they are both charging $0.0005 and $0.00063 respectively and averagely.

• XRP (ripples): This is a coin that has been having lots of issue with the SEC and people, giving it a lot of problem moving up in price and adoption, moreover people claims its a centralized coin, aside this, XRP still charges a very low fees in the crypto industry, it charges as low as $0.00078 as transaction fees and it takes averagely seconds to deliver.

• Stellar Coin: This token is kind of very close to ripples and and Tron in ways especially in terms of cheap fees and fast transaction, there is still claim the transaction fee could go up if the price keeps increasing. it takes approximately 4 seconds to deliver token and takes approximately $0.004 as transaction fees, thats utterly low and its amazing too.

• Digibyte coin: This is a PoW (proof of work) coin, but it uses a combination of different mining algorithm compared to the one of Bitcoin, even though the transaction fees are quite low, its confirmation time to deliver its relatively long especially when sent to exchanges. The transaction fees is as low as $0.0005, it also takes approximately 5 minutes to confirm on another wallet

• Dash coin: Dash is another coin but only few will know its a fork of Bitcoin, which started as a privacy coin but now more of a medium of exchange. However, Dash fees are very low, as low as $0.0043 on average, though it takes about 15 minutes to be confirmed and deliver on another wallet.

• Lite Coin: Yet this is another fork of Bitcoin and it was considered as one of the first cryptocurrency that emerged after Bitcoin. The sweet thing about it is the 2.5 minutes blocks which helps in keeping the fees lower, lower at an average of $0.041, even though to some its not considered as very low, its still cheap at 4 cents, and it takes approximately about 30 minutes to deliver in another wallet.

• Tron coin: This coin was created in 2017 and it took it sometimes, i mean some years to make it rise to $1.6billion by market cap. The token also has a stable coin available on the Tron network, so the traders can easily send and receive a big sum with almost zero fees and instant transaction transfers.

We also have other coins that are not mentioned here, left so we can take up on personal research to learn more about them and make use of them.

Thanks for reading and Learning!