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. Tamadoge (TAMA) – Overall Best Crypto with No Transaction Fees
Tamadoge is a new cryptocurrency holding. A big part of what makes this cryptocurrency so exciting is that it will have no taxes or fees. That means investors and token users can buy and sell TAMA anytime without paying for their transactions.
The TAMA coin is one of the best metaverse cryptocurrencies and is central to the economy of a new play-to-earn crypto game called Tamadoge. Tamadoge is a game where players use TAMA tokens to buy NFT pets. Each pet has unique stats and players can influence how it grows. Once it reaches adulthood, players can battle their NFT pet against others in the virtual arena. Winning players climb the leaderboard and get rewarded with TAMA tokens which can be used to buy more NFT pets or accessories and upgrades from the in-game market.
Importantly, the supply of TAMA is deflationary. Every time TAMA is used for a purchase, 5% of the tokens used in the transaction are burned. This means that the supply of TAMA should decrease more quickly as more players join the game and demand increases. That makes TAMA very attractive for investors, who also don’t have to pay any fees to increase or decrease their position in TAMA as the price of the coin fluctuates.
Overall, TAMA earns our top pick as the top cryptocurrency with the lowest transaction fee in 2024.
2. Battle Infinity (IBAT) – Low Transaction Fee Crypto for Metaverse Gaming
Battle Infinity is a new crypto ecosystem building a ‘multiverse of the metaverse. On the Battle Infinity platform, players can find a variety of native play-to-earn crypto games as well as mini-games created by third-party developers in the metaverse.
The potential range of experiences will be enormous, enabling Battle Infinity to become one of the largest metaverses in the crypto world.
Battle Infinity’s economy revolves around IBAT, a promising crypto token. Players can stake IBAT to enter the gaming metaverse and use it to buy upgrades from the in-game marketplace. Winning games in Battle Infinity rewards players with IBAT tokens, incentivizing players to use IBAT. Additionally, IBAT is used for advertising within the Battle Infinity metaverse.
Battle Infinity, one of the best move-to-earn cryptocurrencies, is launching soon with its first metaverse-based game, IBAT Premier League. This fantasy sports league is based in the metaverse and driven by IBAT tokens. Players must use IBAT to purchase an NFT game pass and assemble their custom team while staying on budget. At the end of the season, players whose teams have performed the best are rewarded with IBAT as a prize.
3. IMPT – Popular Crypto with Lowest Transaction Fee
IMPT has simplified the process of buying its tokens and has made the fees as low as possible.
Getting involved in this project enables investors to impact the environment while receiving rewards positively. By shopping at retail giants IMPT has partnered with, investors receive IMPT tokens. Those retail brands contribute to causes that care about the environment.
Investors can also receive rewards by reducing their carbon footprint. Each user on IMPT’s social feature is scored according to their contribution to the environment. Users receive points for positive contributions and even higher points if they retire their carbon credits. Socially responsible investing has become crucial for many investors to add to their portfolios. IMPT is one solution.
Besides the points and tokens, investors can also profit from the platform’s assets. Carbon credits that are not retired are minted into NFTs, according to the IMPT whitepaper. Investors can hold them and profit if they appreciate.
IMPT token is now available for purchase on several exchanges, including Uniswap, Lbank, Gate, Coinsore, and Bitmark.
Investors can get the latest information about this project on the IMPT Telegram channel.
4. MIOTA (IOTA) – Fee-free Crypto for the Internet of Things
MIOTA is a completely fee-free cryptocurrency built to facilitate Internet of Things (IoT) transactions. Anyone on any device can access the MIOTA network, making it a suitable platform for sharing data in an increasingly connected world.
The secret to MIOTA is its Tangle network of nodes, which the nonprofit behind MIOTA claims is faster and more efficient than most existing blockchains. On the MIOTA network, all tokens are pre-mined so that there’s no need for expensive mining operations. With each new transaction on the network, 2 existing transactions are verified.
It’s a clever way to offer security without requiring much computational work. As a result, IOTA transactions are completely free – and likely always will be.
If you want this affordable cryptocurrency in your portfolio, learn more about how to buy IOTA coins.
5. Dash (DASH) – Fast, Low-cost Digital Payments
Dash is arguably the cryptocurrency with the lowest transaction fee for peer-to-peer payments. It is a cryptocurrency created as a fork of Litecoin, which in turn is a fork of Bitcoin. With each new fork, transaction processing has become faster and less expensive.
Today, sending money on Dash costs around $0.25 – a fraction of the cost of sending money with Bitcoin. So, it’s no surprise that the cryptocurrency’s name is “Digital Cash.” Merchants alongside Bitcoin, Litecoin, and Ethereum increasingly accept Dash.
When purchasing Dash, many options are available, as it’s available on almost all top crypto exchanges. That makes owning this cryptocurrency simple or swapping it for dollars. Exchange fees for Dash can be as low as 0.1%.
Dash is faster than Bitcoin, processing hundreds of more transactions per second, reducing congestion and transaction fees.
6. Cardano (ADA) – Capable DeFi Blockchain with Low Transaction Fees
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. The blockchain’s developers recently rolled out support for smart contracts, enabling Cardano’s rise as a hub for DeFi apps.
ADA is the native cryptocurrency of the Cardano blockchain. It’s used for staking and to pay for transaction fees on the Cardano blockchain. For most transactions on Cardano, users can expect to pay around 0.15 ADA – the equivalent of $0.52 at today’s prices.
While that fee could rise somewhat as Cardano’s popularity grows, it still leaves ADA as one of the lowest-fee cryptocurrencies in 2024.
Investors should be able to look forward to rapid growth in the value of ADA and more developers flock to this blockchain.
To diversify your portfolio with this coin, consider the options for buying Cardano.
7. 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, so investors in the platform’s native cryptocurrency, TRX, can make money through DeFi staking. The platform also offers a range of DeFi applications, play-to-earn crypto games, and more.
Going forward, Tron is working on building blockchain-based virtual machines and developing content-sharing mechanisms for creators. The TRX token will fuel all of the platform’s apps.
You can purchase TRX coins from a decentralized crypto exchange (DEX), a centralized crypto exchange, or a broker.
8. EOS (EOS) – An Ethereum Alternative with No Transaction Fees
EOS is a blockchain network aimed squarely at developers. The network essentially serves as a decentralized virtual machine that provides processing power, dApp development tools, and more. With EOS, developers can scale their projects up or down at will.
What’s neat about EOS is that running transactions don’t require users to pay any fees. Instead, EOS requires users to contribute resources to the platform through RAM or CPU processing. So, users can take advantage of EOS’s network in exchange for computational resources they likely already have and don’t need to pay extra.
The EOS token is designed to be inflationary rather than deflationary. Users can mine new EOS tokens to validate transactions, while the platform also supports staking to help keep the value of this cryptocurrency stable over time.
You can find all the available options for buying EOS coins.
9. Ethereum Classic (ETC) – All the Benefits of Ethereum with Lower Gas Fees
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 (ETH), while Ethereum Classic maintained a small but loyal following of developers.
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 $0.0002 for the average transaction on Ethereum Classic.
ETC is the native cryptocurrency of this blockchain and is used to pay gas fees. Although it’s not as widely used as Ethereum, it can be found and you can buy ETC at most crypto exchanges.
10. NANO (NANO) – Own Blockchain with No Transaction Fees
NANO is another fee-free blockchain platform that operates using 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 advantages of this structure are that there’s never congestion on any single blockchain, and multiple transactions can be processed simultaneously. As a result, NANO is extremely fast and doesn’t need to charge for processing.
This cryptocurrency without transaction fees is especially attractive for users trying to move large amounts of cryptocurrency. NANO is not deflationary by design, but the supply is fixed as no new cryptocurrency can be mined in this ecosystem, either.
How to Find the Lowest Transaction Fee Cryptocurrencies
Every crypto user wants to find the best cryptocurrency with the lowest transaction fee. But there’s no master list showing the transaction fees for each cryptocurrency, and fees can change over time in response to network demands.
That means that to find low-transaction cryptocurrencies, crypto users need to do some research.
A good place to start is Reddit, where numerous discussions exist around low-cost and no-transaction fee cryptocurrencies. After hearing about a cryptocurrency, users can check out the project’s whitepaper to learn more about how fees are charged on its network.
Another resource is CryptoFees.info, which publishes a list of crypto transaction fees on some of the biggest blockchains. However, this site won’t necessarily help users find the lowest transaction fee cryptocurrencies – rather, it’s most useful for checking out which crypto projects are collecting the least in transaction fees. Importantly, CryptoFees.info doesn’t track cryptocurrencies that are fully fee-free.
Keep in mind that buying and selling cryptocurrencies also involves exchange fees. Users can find the fees an exchange charges on the platform’s website. Most exchanges charge the same fee for all the cryptocurrencies, but some offer variable fees for different coins.
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.
IMPT - New Eco Friendly Crypto
- Carbon Offsetting Crypto & NFT Project
- Industry Partnerships, Public Team
- Listed on LBank, Uniswap
- Upcoming Listings - Bitmart Dec 28, Gate.io Jan 1st