Which digital currency has the lowest transaction fee?
How to calculate digital currency transaction fee is one of the most important concerns of many people when entering the market. The first important thing to keep in mind is that the price of different types of cryptocurrencies and the cost of using the services of other exchanges are different. In this article, we will examine the lowest digital currency commission. Be with us.
What is the meaning of a crypto transaction fee?
Crypto transaction fee is the fee received from users when transferring currency from one account to another. This fee is used to perform and register transactions in the blockchain. The critical point is that this fee varies in different cryptocurrencies and depends on several factors, which we will address in the rest of this article.
Types of transaction fees
Blockchain transaction fee or network fee
transaction Blockchain fee is a type of fee used as motivation and reward for miners in the network. Commissions or commissions on mining transactions (as well as investments) are small amounts of digital currencies allocated to miners to process a transaction. All new blockchain transactions are recorded in the blocks at regular intervals. A miner who successfully processes more transactions and extracts new digital currency will receive this fee or reward.
Transfer fee at the exchange
Receiving transfer fees from users is one of the ways to earn money in exchange offices and accept the cost of adding new currencies and selling advertising space.
Wallet fee
A wallet transaction fee is an amount paid to confirm transactions in the blockchain network of each cryptocurrency. And wallets are not interested in it. Usually, when you plan to withdraw from your wallet, you first have to pay this fee, which varies depending on the type of cryptocurrency.
Which digital currency has the lowest transaction fee?
Because identifying the lowest digital currency fees significantly reduces investment costs, digital currency users, due to market fluctuations, are always looking to invest in cryptocurrencies with the lowest prices.
In general, the fee for digital currency transactions in the market is around $ 0.15 to $ 0.25. Sometimes this amount can be as high as $ 25 for popular cryptocurrencies like Bitcoin and Ethereum. The following is a list of the lowest digital currency fees in 2021 based on data BitInfoCharts.
What is the minimum digital currency fee?
Binance Coin (BNB): Digital currency with meager transaction fees
BNB is the famous digital currency of the Binance exchange. Binance Exchange is one of the world’s largest cryptocurrency exchanges. And many digital currencies are exchanged in large volumes. In addition to the fact that the BNB transaction fee is meager, if you have cash on the Binance network in your wallet, you can use Binance Coin to pay the transaction fee.
There is another possibility in the Binance network: you can receive or send different digital currencies in the Binance blockchain with a meager fee. For example, if you transfer Ethereum to the Binance Blockchain (BEP2), your transaction fee will be one-hundredth of the Ethereum Network transaction.
TRON: Almost free digital currency
Theron is another currency with the lowest transaction fees among digital currencies. If, for example, you send Teter on the Theron network, you will pay much less than Theatre on the Ethereum platform. In addition, if you stick a certain amount of thrones in some wallets, your thrones transactions will be done for free and without commission.
IOTA: New technology to ensure unpaid trading
IOTA is another blockchain-free cryptocurrency that does not charge users any fees. In fact, instead of paying a fee, this digital currency requires users to confirm two transactions and create a new one. 
Ripple (XRP): Less than a dollar to confirm a transaction in 4 seconds
Many experts and analysts consider Ripple as a centralized currency; That’s why it’s not very popular. However, the Ripple digital currency fee is $ 0.0005, and it only takes 4 seconds to confirm and complete its transactions. Therefore, XRP is one of the cryptocurrencies with the lowest digital currency fee. One of the worst aspects of this cryptocurrency is its distribution; Half of XRP resources are still in the hands of a for-profit company to be made available to the public over time. 
Bitcoin Cash (BCH): $ 0.0024 fee for transaction confirmation within 2.5 hours
Bitcoin Cache is one of the hard forks of Bitcoin that was created to provide a peer-to-peer and decentralized digital currency. Considering that in the bitcoin cache network, more transactions are done in one block than bitcoin, the BCH fee is less than bitcoin. Larger and more variable blocks are used; 8 MB variable blocks compared to 1 MB bitcoin blocks.
Stellar: $ 0.00005 commission for confirming a transaction in 4 seconds
This is another cryptocurrency with the lowest digital currency fees. Stellar is like XRP in many ways; Transactions in the Stellar network are done quickly and cheaply, but if the price of Stellar increases, the transaction fee will also increase. 
Litecoin: $ 0.0005 fee for 30 minutes transaction confirmation
Light Coin is another bitcoin fork and the first coin tool. In the Lightcoin network, the time required to create each block is 2.5 minutes; While this time on the Bitcoin network is 10 minutes.
Monero: $ 0.0696 fee for 30 minutes transaction confirmation
Monroe is one of the digital currency projects whose primary goal is to protect users’ privacy. Although Monroe digital currency fees are meager, the high transaction time has reduced the popularity of these cryptocurrencies as a payment method. 
Doge: $ 0.5 fee for 20 minutes to confirm the transaction
Dogecoin is another cryptocurrency with the lowest digital currency fees. The DodgeCoin is a Mem coin and never used as a real digital currency. The Dogecoin transaction fee is low, but the transaction time is relatively long. 
What affects digital currency fees?
- Network congestion is one of the most critical factors influencing digital currency fees. For example, Ethereum currently has an average transaction value of 0.011 ETH. Due to complex calculations and the need to run decentralized applications Ethereum’s (DApps).
- Transaction speed also affects transaction fees. In general, the higher the transaction speed, the higher the commission. Bitcoin is one of the cryptocurrencies that, due to its high price fluctuations, time is one of the factors influencing the speed of its transactions. In fact, in such cases, traders tend to register their transactions in the shortest possible time to avoid losses due to price fluctuations.
- The blockchain network affects the amount of commission. For example, Bitcoin, Bitcoin Cash, and Bitcoin SV have different fees.
How to access passwords with the lowest fee?
You can use websites like Bitinfocharts and SwapSpace to identify the lowest digital currency fees. By visiting Bitinfocharts, you will get comprehensive and complete information about the current digital currency fees. But remember to check this website regularly; Because this information changes over time.
You can get help from the SwapSpace website to compare the fees of different exchanges. In addition, you can refer to the FAQ page of wallets and exchange offices and get detailed information in this regard.
Concluding remarks
In general, the higher the digital currency transaction fee, the longer it takes to confirm and complete the transaction. On the other hand, the higher the price of cryptocurrencies over time; The transaction fee for that currency will probably increase.
