While many have entered crypto markets for investment purposes, it is not only possible but beneficial to perform day-to-day transactions with cryptocurrency. Some crypto networks have been established on the basis of seamless transactions rather than investing and transferring large amounts of money. These cryptos generally have low transaction fees.  

What Are Crypto Transaction Fees?

Transaction fees are charged every time you make a transaction and are applied to pay the miners for validating your transaction. These fees are usually a small fraction of what you are sending. In cases where networks are congested, or not optimized for scalability, fees are subject to increases and this is what drives the market for cryptocurrencies that are cheap and fast at completing transactions. So let’s check out which crypto has the lowest fees.

Top 10 Crypto Coins With Low Transaction Fees

Solana (SOL)

<$0.001 Transaction Fee & 5 Seconds Transaction Time

Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. Solana achieves this by utilizing a unique Proof-of-History algorithm and a Proof-of-Stake consensus mechanism.


<$0.001 Transaction Fee & 5 Seconds Transaction Time

XRP was initially released in 2012, making it one of the most established crypto assets on the market today. XRP distinguished itself from Bitcoin by not utilizing Proof-of-Work, instead relying on the unique XRP Ledger Consensus Protocol. This consensus protocol allows XRP to process transactions quickly while charging extremely low fees.

Stellar (XLM)

<$0.001 Transaction Fee & 5 Seconds Transaction Time

The native asset of the Stellar blockchain is called lumens and has the ticker symbol XLM. Stellar is a cryptocurrency that was created as an offshoot of XRP. The project was co-founded by Jed McCaleb, who was part of the trio that created XRP. It implements a similar consensus algorithm to XRP, enabling cheap and fast transactions.

Dogecoin (DOGE)

$0.08 Transaction Fee & 1 Minute Transaction Time

Dogecoin is a meme coin that was launched in 2013 and has remained a mainstay of the cryptocurrency market ever since. From a technical standpoint, Dogecoin is a fork of Litecoin, and it is also merge-mined alongside LTC. Broadly speaking, Dogecoin provides similar functionality to Bitcoin. It is a decentralized peer-to-peer digital currency secured through Proof-of-Work, that can be used to send transactions anywhere at any time. Transaction fees can vary significantly depending on how much demand there is for the Dogecoin network, but they have historically stayed under $1 most of the time.


<$1 Transaction Fee & 1 Minute Transaction Time

TRON is a blockchain platform similar to Ethereum which implements a Delegated Proof-of-Stake (DPoS) consensus mechanism. This makes it able to process transactions with very low costs. Initially built on the Ethereum blockchain, TRON moved to its own protocol in 2018.

Litecoin (LTC)

$0.01 Transaction Fee & 2.5 Minutes Transaction Time

Litecoin was launched in 2011 by Charlie Lee and was one of the first altcoins on the market. It is a straightforward cryptocurrency that’s specialized for simple peer-to-peer transactions. Litecoin is extremely similar to Bitcoin, although there are some key differences. Litecoin uses the Scrypt hashing algorithm instead of the SHA-256 algorithm utilized by Bitcoin. It also has four times faster block times than Bitcoin, and a maximum supply that’s four times larger.

Dash (DASH)

<$0.01 Transaction Fee & 4.4 Seconds Transaction Time

Dash is a popular altcoin that was launched in early 2014. It utilizes a combination of Proof-of-Work mining and master nodes. The name Dash stands for “digital cash”, and the cryptocurrency is designed to be a convenient way of making payments.

Algorand (ALGO)

<$0.01 Transaction Fee & 2 Seconds Transaction Time

Algorand is a blockchain platform for smart contracts that utilizes a Proof-of-Stake consensus algorithm. Algorand went live in 2019 and has since been upgraded with improved smart contract capabilities and support for issuing custom tokens. Algorand is designed to be an environmentally-friendly and efficient blockchain, and also offers low transaction fees.

Nano (XNO)

Zero-fees & Under 1 Second Transaction Time

Nano was launched in 2015 under the name RaiBlocks. Nano doesn’t implement any smart contract features but is instead hyper-focused on being as efficient as possible for simple payments. The Nano blockchain having zero transaction fees is made possible by its unique architecture. Nano isn’t actually a blockchain, as it utilizes a DAG (directed acyclic graph) architecture.

Zcash (ZEC)

$0.02 Transaction Fee & 75 Seconds Transaction Time

Zcash is a privacy-focused cryptocurrency that made its debut in 2016. While it is heavily inspired by Bitcoin in many aspects, Zcash implements innovative zero-knowledge technology that makes it possible to maintain complete privacy of transactions while proving that all transactions conform to the protocol’s rules. If you want to reduce your cryptocurrency transaction fees while protecting your financial privacy, Zcash is one of the best options to consider. In the future, Zcash will likely transition to Proof-of-Stake, which could make it even more efficient.

Transactions Fees vs Confirmation Time

With early-age cryptocurrencies, the more you pay, the faster your transactions are processed. Speed vs fees is a big debate within the community, trading one feature for another. Ideally, you would want to prioritize both, as seen by our above list on which crypto has the lowest fees, this is a possibility.

There are plenty of cryptocurrency coins within the market offering low fees and fast transaction times. You don’t have to spend more to transact quickly, there are networks built to manage your needs at an affordable rate.


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