Ten Cryptocurrencies that Have Zero or Lesser Transaction Fees

This article gathers the top 10 cryptocurrencies that have zero or lesser transactions making crypto investors save money

The price of cryptocurrency coins and transaction fees strongly correlates with the rise in demand for the market, which drives up demand dramatically. When purchasing a coin, an investor deals with a variety of trading fees. Amongst them are the crypto transaction fees. Cryptocurrencies usually charge crypto trading fees to cover the costs of maintaining the network and rewarding the miners or validators who process the transactions. However, some cryptocurrencies have very low or even zero transaction fees, making them more attractive for crypto investors who want to save money or transact frequently. Here are 10 cryptocurrencies that have zero or lesser transaction fees

1. IOTA – IOTA is a cryptocurrency that uses a directed acyclic graph (DAG) instead of a blockchain. The DAG is called the Tangle, and it allows transactions to be validated by other transactions without relying on miners or fees. Transactions on IOTA are fast and feeless, and the network can scale to handle millions of transactions per second.

2. NANO– NANO is a cryptocurrency that uses a novel block-lattice architecture, where each user has their blockchain that they can update asynchronously. This eliminates the need for miners, consensus mechanisms, and fees. Transactions on NANO are instant and free, and the network can handle up to 1,000 transactions per second.

3. Dash– Dash is a cryptocurrency that aims to provide fast, secure, and private transactions. Dash uses a two-tier network of masternodes and miners, where the masternodes provide services such as instant transactions and private transactions for a small fee. The average transaction fee on Dash is $0.0033, which is much lower than Bitcoin's $6.18.

4. Stellar– Stellar is a cryptocurrency and a platform for cross-border payments and remittances. Stellar uses a federated consensus protocol that allows transactions to be confirmed in 3 to 5 seconds. The average transaction fee on Stellar is 0.00001 XLM, which is equivalent to $0.0000026 at the current price of $0.26 per XLM.

5. EOS– EOS is a cryptocurrency and a platform for dApps that claims to offer high performance, scalability, and usability. EOS uses a delegated proof-of-stake consensus mechanism that allows users to stake their tokens for network resources such as bandwidth, CPU, and RAM. The average transaction fee on EOS is $0.0008, which is very low compared to other dApp platforms.

6. Zilliqa– Zilliqa is a cryptocurrency and a smart contract platform that uses a technique called sharding to achieve high throughput and scalability. Sharding divides the network into smaller groups of nodes that process transactions in parallel. The average transaction fee on Zilliqa is $0.0007, which is very low compared to other smart contract platforms.

7. NEO– NEO is a cryptocurrency and a platform for dApps that aims to create a smart economy based on digital assets, digital identity, and smart contracts. NEO uses a delegated Byzantine fault tolerance (dBFT) consensus mechanism that allows users to delegate their voting power to professional node operators who validate transactions and produce blocks. The average transaction fee on NEO is $0.0012, which is very low compared to other dApp platforms.

8. Litecoin– Litecoin is a cryptocurrency that is based on Bitcoin's code but with some modifications to improve speed, efficiency, and scalability. Litecoin uses a proof-of-work consensus mechanism with a different hashing algorithm than Bitcoin's. The average transaction fee on Litecoin is $0.05, which is much cheaper than Bitcoin's $6.18.

9. Tron- Tron is a cryptocurrency and a platform for decentralized applications (dApps) that aims to create a global digital content ecosystem. Tron uses a delegated proof-of-stake consensus mechanism that allows users to vote for representatives who validate transactions and produce blocks. The average transaction fee on Tron is $0.0003, which is negligible compared to other dApp platforms.

10. Cardano- Cardano is a cryptocurrency and a smart contract platform that uses a proof-of-stake consensus mechanism called Ouroboros. Cardano claims to offer scalability, security, and interoperability with other blockchains. The average transaction fee on Cardano is $0.17, which is significantly lower than Ethereum's $4.84.