Lowest Transaction Fee Cryptocurrency to Buy in 2024

A crypto transaction fee is a fee charged to users when transferring coins from one account to another.
It’s essential to consider this fee before conducting any transactions, especially if the coins’ value is relatively small.

However, there’s good news: several cryptocurrencies offer low or even zero transaction fees. This guide will reveal the lowest transaction fee cryptocurrency in 2024 and explain how to buy our top pick.

A Closer Look at the Lowest Transaction Fee Crypto for 2024

So, what crypto has the lowest fees? 

Let’s look deeper at the cheapest transaction fees cryptocurrency highlighted above so investors can find the right coin with the lowest transaction fees.

1. Pepe Unchained (PEPU) — Layer 2 Blockchain, 100X Faster Than ETH

If you’re looking for the lowest transaction fee cryptocurrency, opt for Pepe Unchained. This meme coin can be described as an upgraded version of Pepe the Frog that uses advanced blockchain technology. 

This means that this coin runs on a Layer 2 blockchain. This allows it to be 100x faster and cheaper than Ethereum. Moreover, Pepe Unchained has a higher volume capacity, which makes it more scalable. Likewise, investors will be able to track their transactions via its dedicated block explorer.

The $PEPU token raised over $5.1 million during its presale. Investors will be able to buy 1.6 billion $PEPU tokens during the presale at a discounted price, currently $0.0086304. They’ll also be able to stake their tokens for an APY of 369%.

2. PlayDoge (PLAY) — Tamagotchi-Style Token With Low Transaction Fees That Runs on the BNB Network

PlayDoge is a crypto project that rewards its users using the P2E model. Investors can earn $PLAY tokens by playing its Tamagotchi-style mobile game. These tokens can also be staked and traded for other cryptocurrencies. This project raised nearly $6 million during its presale, making it one of the fastest-growing players in the crypto market.

The $PLAY token runs on the BNB blockchain, a network known for its fast transactions (about 30 seconds) and cheapest crypto fees. Its total token supply is 9.4 billion, of which 50% will be reserved for early birds. Its current price stands at $0.00522. However, once its presale ends, the $PLAY token will get listed on DEXs like Uniswap, automatically increasing its visibility and value.

3. NANO (NANO) — Own Blockchain With No Transaction Fees

NANO doesn’t imply crypto network fees because it uses a unique framework. Instead of having a single master blockchain that everyone uses, NANO enables every user on the platform to operate their own blockchain.

All the blockchains can communicate with one another to validate transactions, creating a lattice of interconnected chains. The main advantage of this structure is the lack of network congestion. Moreover, it can process multiple transactions simultaneously. As a result, NANO is extremely fast and doesn’t need to charge for processing.

NANO is especially attractive for users who are trying to move large amounts of cryptocurrency. This crypto is not deflationary by design. Instead, its supply is fixed at 133.25 million tokens. At the time of writing, NANO trades at $0.9699.

4. Stellar (XLM) — Decentralized Platform That Enables Cheap and Fast Cross-Border Transactions

Stellar is a decentralized platform that aims to enable secure, fast, and cheap cross-border transactions. So, if you’re looking for the cheapest way to send Bitcoin and other altcoins, Stellar should be on your go-to list. This platform enables fast cross-border transactions through its native token, XLM, and its own DEX. For example, traders can use the StellarX exchange to convert their crypto to XLM. The converting process takes 3 to 5 seconds.

In addition, Stellar can process up to 1,000 transactions per second. When it comes to trading fees, investors will have to pay a fixed fee of 0.00001 XLM or $0.0000003 per transaction, regardless of the amount they’re sending. The XLM token has a maximum supply of 50.00 billion, of which about 29.33 billion are in circulation. Its current price stands at $0.1053 per token.

5. IOTA (MIOTA) — Fee-Free Crypto for the Internet of Things

Next on our list of projects with the cheapest blockchain fees is IOTA. This platform facilitates Internet of Things (IoT) transactions. Its native token, MIOTA, is a fee-free cryptocurrency that powers its ecosystem. The IOTA network is built on a DAG called the Tangle, which enables safe, fast, and feeless transactions.

Its network doesn’t rely on miners since all tokens are pre-mined, which means there’s no need for expensive mining operations. With each new transaction on the network, two existing transactions are verified. IOTA’s network can handle up to 1,000 transactions per second.

The MIOTA token has a capped supply of 2,779,530,283, of which 3.36 billion are currently in circulation. At the time of writing, its price amounts to $0.1714.

6. Dash (DASH) — Fast, Low-Cost Digital Payments

Dash is an open-source blockchain that offers the lowest crypto transaction fees for peer-to-peer payments. This cryptocurrency was created as a fork of Litecoin, which in turn is a fork of Bitcoin. Dash uses innovative technology to enable fast transactions that usually take between 1 and 2 seconds. On that note, it uses a two-tier network structure where masternodes and miners run together. Dash also uses the X11 algorithm for mining, which is a combination of 11 hash functions.

Sending money on Dash costs around $0.25, which is a fraction of the cost of sending money with Bitcoin. Investors can purchase Dash on almost all notable crypto exchanges for $27.28 (at the time of writing). Its total supply is capped at 18,920,000, while currently, around 10,027,308 dash tokens are in circulation.

8. Cardano (ADA) — Capable DeFi Blockchain With Low Transaction Fees

Which crypto has the lowest gas fees? That would be Cardano. Cardano is a fast and efficient proof-of-stake blockchain designed to compete with Ethereum. Compared to the Ethereum blockchain, Cardano is significantly faster and cheaper. For example, while ETH can handle 30 transactions per second, ADA can handle 250. The same applies to their average gas fees: 31 Gwei or $2.03 vs. 0.15 ADA or $0.063.

That said, Cardano’s developers recently rolled out support for smart contracts, enabling its rise as a hub for DeFi apps. The ADA token has a maximum supply of 45 billion, while about 31 billion tokens are currently in circulation. At the time of writing, the ADA token trades at $0.4184. Investors should look forward to its rapid growth in value as more developers flock to this blockchain.

9. Tron (TRX) — Low-Cost Platform for Running dApps

Tron is a low-cost blockchain designed to run dApps and process smart contracts. In many ways, it’s a direct competitor to Ethereum, but it offers transaction fees as low as a fraction of a cent. Tron is a proof-of-stake blockchain. This means that investors can use its native token, TRX, to make money through DeFi staking. The platform also offers a range of DeFi applications, play-to-earn crypto games, and more.

The TRX network can process up to 2,000 transactions per second. This makes it a suitable option for dApps developers and those who are looking for the cheapest crypto to transfer on DEXs.  

You can purchase TRX coins for $0.1356 (at the time of writing) from a decentralized crypto exchange (DEX), a centralized crypto exchange (CEX), or a crypto broker.

10. Ethereum Classic (ETC) — All the Benefits of Ethereum With Lower Gas Fees

Which crypto has the lowest fees, Ethereum or Ethereum Classic? That would be Ethereum Classic. Ethereum Classic is the original Ethereum blockchain. It was renamed in 2016 after the Ethereum blockchain forked in response to a hack. Most users moved over to the new Ethereum, while ETC maintained a small but loyal group of followers. 

Ethereum Classic uses the same proof-of-work validation mechanism as Ethereum. However, since Ethereum Classic isn’t nearly as popular, gas fees on this blockchain are much lower. Users can expect to pay around $0.001 for the average transaction.

ETC’s average block time is 12 seconds, and this network can process up to 1000 transactions per second. Ethereum Classic has a maximum supply of 210.7 million tokens. About 148 million tokens are currently in circulation, and its trading price is $22.08.

11. Monero (XMR) — Censorship-Resistant Transactions With an Average Fee of $0.0010

Monero is known to be the safest and cheapest crypto to send. This crypto project is focused on censorship-resistant transactions. I.e., it uses advanced cryptographic algorithms to provide anonymous transactions. It also uses ring signatures, stealth addresses, and RingCT to hide transaction activity. This means that monero transactions are irreversible and private.

Its native token, XMR, is a privacy coin whose average transaction fee is $0.0010, which is fairly low. However, the same cannot be said for its average transaction speed, which is 2 minutes. Transaction fees are paid by the sender and will depend on network congestion.

At the time of writing, this privacy coin trades at $155, while its total supply amounts to 18.4 million.

12. Ripple (XRP) — Innovative Consensus Algorithm That Enables Cheap and Fast Transactions

Ripple is a crypto project whose goal is to improve the efficiency of cross-border payments. On that note, its native token, XRP, runs on an open-source protocol designed to process up to 1,500 transactions per second. XRP is also tailored to facilitate fiat transactions. The average XRP transfer fee amounts to $0.0002, while most transactions are processed within 4 seconds.

Ripple uses an innovative consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA) to enable cheap and fast transactions. This algorithm uses independent validators who can confirm transactions in real time.

XRP has a total supply of 100 billion tokens, of which 45.404 billion are currently in circulation. Its current price stands at $0.6093.

13. Bitcoin Cash (BCH) — The First Bitcoin Fork That Can Process 100 Transactions per Second

Bitcoin Cash is the first Bitcoin fork whose goal is to improve the limitations of the BTC blockchain. On that note, BCH has a larger block size, which allows it to process more transactions in one block. For example, BTC can process 7 transactions per second, while BHC can process 100 transactions per second. This means that BCH transactions will be cheaper than BTC transactions.

BCH’s average transaction fee amounts to $0.01. As for its transaction speed, the confirmation time takes about 10 minutes, as is the case with Bitcoin. Moreover, like BTC, the BCH token has a total supply of 21 million, while there are currently 19,737,534 BCH tokens in circulation. At the time of writing, this token trades at $353.

Types of Crypto Transaction Fees

There are several types of transaction fees you should keep in mind:

Conclusion

Finding the lowest transaction fee cryptocurrency in 2024 can save crypto investors money and make it easier to take advantage of innovative new projects.

Investing in cryptocurrencies with lower transaction fees can be a good decision, but it’s important to note that transaction fees alone do not guarantee a coin’s success. However, if you’re a beginner, investing in projects with the lowest transaction fees can positively impact your return on investment (ROI). Conduct thorough research on low transaction fee cryptocurrencies to determine their value and whether they are a good investment opportunity.

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