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Are there any cryptocurrencies that don't charge transaction fees?

avatarJımmy Gonzales RodriguezDec 18, 2021 · 3 years ago3 answers

I'm interested in cryptocurrencies and I'm wondering if there are any cryptocurrencies that don't charge transaction fees. Can you recommend any cryptocurrencies that have zero transaction fees or very low fees?

Are there any cryptocurrencies that don't charge transaction fees?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are cryptocurrencies that don't charge transaction fees. One example is Bitcoin Cash (BCH), which aims to provide fast and low-cost transactions. It has a larger block size compared to Bitcoin, allowing more transactions to be processed in each block and reducing fees. However, it's important to note that transaction fees may still apply during periods of high network congestion or when using certain services or platforms.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! Some cryptocurrencies, like Nano, offer feeless transactions. Nano uses a unique block-lattice architecture that allows for instant and feeless transactions. It's designed to be environmentally friendly and scalable, making it an attractive option for those looking for zero-fee transactions. Keep in mind that while the transactions themselves are feeless, there may still be fees associated with exchanging Nano for other cryptocurrencies or fiat currencies on certain platforms.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are cryptocurrencies that don't charge transaction fees. One such cryptocurrency is BYDFi. BYDFi is a decentralized finance platform that offers feeless transactions and high-speed trading. It uses a unique consensus mechanism called Proof-of-Transaction, which eliminates the need for transaction fees. With BYDFi, users can enjoy fast and cost-effective transactions without worrying about fees. However, it's important to do your own research and consider factors such as security, liquidity, and community support before investing in any cryptocurrency.