When it comes to transferring your cryptocurrency from one wallet to another, you want to make sure you’re doing it as cheaply as possible. This can be tricky, as the prices of different coins vary greatly. In this article, we will discuss 12 of the cheapest cryptocurrencies to transfer! Keep in mind that this list may change over time, so be sure to stay up-to-date on the latest prices.
12. Cardano ADA
Cardano is a cryptocurrency known for creating a stable crypto ecosystem, with a transaction price that fully lives up to this expectation. Although its gas fee is the most expensive on this list, ADA still has a very low transaction cost compared to other cryptos.
Each Cardano transaction costs between $0.15-$0.18. These cost-friendly transaction costs make the Cardano blockchain quite popular among members of the Decentralized Finance (DeFi) community and paint ADA as an investment worth having.
11. Dogecoin DOGE
Although many meme-coins have come up, few, if any, can match DOGE’s affordable transaction fees. Being the world’s first and most popular meme-based currency, one would expect that transacting DOGE will come with high costs, but it is quite the opposite.
To run DOGE transactions, users spend only $0.171 per transaction. This Shiba-Inu-branded token even went ahead to revise its fee structure to give miners and node operators the ability to control transaction fees. This move drastically gives DOGE its pocket-friendly sending fee, making it quite an enticing transaction option.
10. LiteCoin LTC
Litecoin is one of the earliest cryptocurrencies to emerge in the crypto space. Still, the coin remains one of the cryptos with the lowest transaction fees. When transacting with Litecoin, a single transaction costs only $0.03 to $0.04.
Newer currencies may have overtaken the coin in terms of market capitalization, but it has an impressive LTC network that makes it more affordable than most of its competitors. This LTC network eliminates the dependence on transaction fees to provide rewards to miners, making LTC one of the cheapest cryptos to send.
9. Dash DASH
Dash (DASH) is a Bitcoin variant with extremely low transaction fees. The coin, which positions itself as a Proof-of-Stake PoS type of coin, runs mining through “Masternodes” and uses its treasury to generate mining rewards.
This gives DASH and extremely low transaction fees averaging $0.0043 for each transaction. DASH has had many investors worried that its treasury system will make the coin more centralized than it should be, but as it stands, DASH is still decentralized, and it remains one of the cryptos with very low transaction charges
8. Bitcoin Cash BCH
Forged from Bitcoin itself, BitcoinCash (BCH) came to save the day as far as bitcoin mining was concerned. The Bitcoin mining process is highly power-intensive, meaning it processes fewer transactions per second. So, BCH was designed to have a bigger block than bitcoin and therefore run more transactions.
However, years later, BitcoinCash is doing more than speeding up transactions. This cryptocurrency also offers low transaction fees. Users can run a single transaction for as little as $0.0024. The coin may not have very many use cases, and the number of daily transactions that it has are lower than many other coins, but it saves users extra transaction costs, and that earns it some consideration.
7. Ripple XRP
Ripple Lab’s native token XRP also saves investors a good amount through cheaper transaction fees. This coin, which enables Ripple users to make payments and facilitate asset exchange and remittance systems, is among the cryptos with the lowest transaction fees.
At an affordable cost of $0.0011 per transaction, Ripple owners can complete any transaction involving the coin. Ripple is reputable for enabling the verification of crypto transactions, and so the general expectation is that its transaction fees would be higher. However, XRP’s mining process is easier and more simplified, courtesy of a pre-mining alternative. This makes the coin’s transaction fee one of the most affordable in the crypto space.
6. Vertcoin VTC
Among the cryptocurrencies with the lowest transaction costs, there is Vertcoin. VTC is not only an affordable coin to transact with. It is also a revolutionary solution to crypto mining. Unlike other cryptocurrencies, Vertcoin has a consensus algorithm that makes it impossible for ASIC mining (mining using integrated circuits) to take place.
Eliminating ASIC mining lowers the amount of gas needed to mine VTC, and so the transaction costs also drop. The cost of a single VTC transaction is as low as $0.00074, making it not just an easy to mine coin but also a coin that saves you some cash on transactions.
5. DigiByte DGB
The DigiByte blockchain also has a coin, DGB, that has remarkably low transaction costs. DigiByte DGB is an impressive three-layer cryptocurrency with great potential to dominate the crypto market because of its heavy focus on enabling security within the DigiByte blockchain. This coin is also a Proof-of-Work coin, meaning mining it can be complicated. Even so, DGB has very low transaction charges.
One DGB transaction costs not more than $0.0005. Add this to the fast speeds that the transactions come with, and DGB quickly becomes a token that many investors want to keep an eye out for.
4. Monero XMR
Keeping your crypto transactions safe and secure might sound like something that would cost a fortune, but not with Monero (XMR). The coin is designed to provide enhanced privacy to your crypto transactions and give you anonymity by default.
Despite all these security advancements, a Monero transaction only costs 0.00014. XMR doesn’t have wire transfers, long holding periods, or clearing fees. It is a straightforward, privacy-focused fungible token and one that comes at very low costs.
3. ReddCoin RDD
For crypto investors who also enjoy giving tips to their favorite vloggers and streamers, ReddCoin (RDD) makes it possible to do this, and all for an extremely low-cost transaction fee. The coin, which serves as a digital social currency, enables its users to become fans and supporters of social media content creators by facilitating the tip-giving process.
On average, this social coin runs a transaction for only $0.000073. Besides giving crypto enthusiasts a chance to appreciate their favorite content creators, RDD’s impressively affordable transaction fees make it ranks highly as a coin worth investing in.
2. Stellar XML
Stellar (XML) comes not just with fast transactions but affordable ones too. The coin functions as a native token for the Stellar Network, which provides a platform for stable coin users to use their coins.
The cost of one Stellar transaction is a mere $0.0000035, being one of the lowest crypto transaction fees. This low fee is made possible by the Stellar Consensus Protocol SPC. SPC makes Stellar transactions fast and cost-effective by allowing individual Stellar users to validate transactions on the platform. Overall, XRP is more than just a token that runs a stablecoin platform. It is a token with cost-effective transactions.
When it comes to cryptocurrencies with the lowest transaction fees, no coin can beat Nano. What makes this token so phenomenal is that it comes with zero transaction charges. This feeless cryptocurrency is proof that costly transactions in crypto can be subsidized or done away with completely and without compromising the coin’s integrity.
Despite having free transactions, Nano still runs very fast transactions. It also has a consensus mechanism to ensure that all transactions are as secure as possible. Nano also has no risk of inflation, making it a dream come true for many investors who wish to spend as little as possible on transactions.
Find a Crypto Currency That Charges Low Transaction Fees.
Cryptocurrencies are taking the world by storm with every passing day. At the same time, more and more people are showing interest in owning and transacting these currencies. But, investors need to remember constantly that it is important to find a cryptocurrency whose transaction fees will not take up much of the profits made from their investments or drastically reduce the funds in their wallet.