Cryptocurrencies That Charge The Best Rates Per Transaction

Anonymous https://forexsuggest.com 2m 376

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Research reveals which crypto transaction fees have increased the most – with one skyrocketing by over 4,000%

New research can today reveal the crypto transaction fees which increased the most, with Dogecoin seeing an increase of over 4,000%!

The research, from Forex Suggest, revealed the coins with the most competitive rates, and those that have seen their fees rise the most since January 2021, investigating trends across the cryptocurrency market.

Dogecoin saw the biggest increase in transfer fees, rising by 4,230% over the course of the year. This meme coin has experienced a rise in popularity, with billionaire Elon Musk stating that it’s one of the only three cryptocurrencies he owns!

Ripple comes in second, with the cost of transaction fees rising by 3,810%! Despite the surprising increase, Ripple continues to have lower fees compared to most of its competitors – its average transaction fee is $0.00649.

Coming in third is Blackcoin, the cryptocurrency with the 3rd-lowest transaction fees. Blackcoin has seen a price rise of 1,886%, which might threaten its low-fee USP.

The biggest increase in transaction fees:

Rank	Crypto	Transaction Fee (January 1st)	Transaction Fee (December 1st)	Overall Change in Transaction Fees
1	Dogecoin	0.01	0.433	4230%
2	Ripple (XRP)	0.000166	0.00649	3810%
3	Blackcoin	0.00000442	0.0000878	1886%
4	Ethereum	3.364	52.455	1459%
5	ZCash	0.00000406	0.0000368	806%
6	Bitcoin Gold	0.000662	0.00545	723%
7	Binance Coin	0.08	0.562	603%
8	Dash	0.00327	0.0173	429%
9	Ethereum Classic	0.0013	0.0039	200%
10	Vertcoin	0.000376	0.000878	134%

The cryptocurrency with the biggest decrease in transaction fees is Feathercoin which has seen transaction fees fall by as much as 51% since the beginning of 2021.

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Crypto-heavyweight Bitcoin has also seen a considerable reduction in transaction fees of 26%, giving it an edge over top competitor Ethereum, which saw the cost of fees balloon by 1,459%.

Transaction fees that have decreased in 2021:

Rank	Crypto	Transaction Fee (January 1st)	Transaction Fee (December 1st)	Overall Change in Transaction Fees
1	Feathercoin	0.000194	0.0000955	-51%
2	Monero	0.0349	0.00649	-29%
3	Bitcoin	5.552	4.092	-26%

FURTHER FINDINGS:

Ethereum is the most expensive cryptocurrency, with an average transaction fee of over $50 due to the heavy use of the network.
The best cryptocurrencies for low transfer fees are ZCash, Blackcoin and Feathercoin, which respectively charge users $0.0000368, $0.0000878 and $0.0000955. They’re not amongst the popular names in crypto, but they definitely offer competitive transaction speeds and, clearly, much lower fees.

Find the full research here: https://forexsuggest.com/cryptocurrencies-transaction-fees/

I thought the research on cryptocurrencies transaction fees would be of interest to you and your readers! I’d be happy to answer any questions you have.

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