There are many cryptocurrency investors in Turkey and due to the high dollar exchange rate, it is of great importance to transfer crypto money in the cheapest way.
When transferring cryptocurrencies from one exchange or wallet to another, everyone fastest and lowest fees Wants to transact with. However, this process can be a bit problematic.
The price of each cryptocurrency is constantly changing and also depends on the price you use. The speed of the blockchain network is very important when transferring money.
What are the tips for transferring crypto money quickly and with low fees?
The first exchange or wallet you use to transfer crypto money with the fastest and lowest fees. You need to know the transfer options. You can easily find this out by logging into the platform you are using and going to the transfer page.
Once you learn about the cryptocurrency transfer options available to you, you can try them all one by one to find the cheapest one. However, this is where the speed of cryptocurrency networks and blockchains comes into play. On some blockchains Although transfer fees are low, the speed may not be very high.
Fastest and lowest fee cryptocurrency networks and blockchains:
The speeds of the fastest and lowest fee cryptocurrency networks are generally similar. However, when using these networks, transfer fees increase as cryptocurrency prices constantly change. different it could be.
| cryptocurrency | Transfer Speed | Transfer Fee |
| NANO | less than 1 second | Free |
| dash | Between 1 and 2 seconds | $0.0043 |
| monero | 2 minutes | $0.00014 |
| Stellar | Between 3 and 5 seconds | $0.0000035 |
| XRP | Between 3 and 5 seconds | $0.0011 |
| Litecoin | 2.5 minutes | $0.04 |
| BitcoinCash | 10 minutes | $0.0024 |
1. Nano, the digital currency of the modern world
Nano (XNO) was launched in 2014 under the name RaiBlocks. Founder Colin LeMahieu; Dell, AMD and Qualcomm He is a name that works in giant technology companies such as. Since 2017, he has been a manager at the Nano Foundation, which has undertaken the development of the Nano cryptocurrency network.
It was rebranded in 2018 and its new name Nano was chosen to depict the fast and easy blockchain network. Nano, digital currency of the modern world It introduces itself as. The purpose of the Nano (XNO) network is to provide reliable, free and almost instantaneous cryptocurrency transfers.
In 2021, Nano changed its cryptocurrency name to XNO and its symbol to iano to meet ISO standards. Making transfers on the nano network it is free And network, 1,000 transactions per second can. This entire process does not cause the network to consume extra energy. In this respect, the Nano network is completely pro-environment.
2. Dash aims to become a global payments network
Dash, early 2014 It is a cryptocurrency that has been released. It was founded by software developers Evan Duffield and Kyle Hagan.
Using open source blockchain technology, Dash aims to: global payments network that is fast and decentralized in nature is to establish. According to its website, Dash is “the most scalable and most user-friendly payments-focused cryptocurrency in the world.”
3. Monero, which advocates completely private and anonymity
Monero was launched in 2014 and its purpose is Money transfer transactions are completely private and anonymous. is to ensure that it is done. Its founders are 7 people, and 5 of them have not disclosed their identities yet.
One of the Monero founders who revealed his identity Ricardo Spagni and currently serves as the leader of the project. The other is David Latapie, currently Monero’s European cryptocurrency manager.
4. Stellar connects individuals, banks and payment intermediaries
Stellar, in 2014 It is a peer-to-peer decentralized network founded by the Stellar Development Foundation. It was officially launched in 2015.
The aim of the platform is to transfer financial resources quickly with the lowest fees. Stellar network; people, banks, payment agents connects each other. Thus, users of the network can send, trade multiple crypto assets and even create new ones.
5. XRP, one of the world’s best cryptocurrencies
in 2012 XRP, one of the world’s largest cryptocurrencies; Edited by David Schwartz, Jed McCaleb and Arthur Britto. The company behind the XRP cryptocurrency is Ripple, which was founded in September 2012. Ripple’s current CEO is Brad Garlinghouse.
XRP is a faster and more energy efficient alternative to the Bitcoin blockchain network. XRP network very cheap transaction fees in return 1,500 pieces per second can perform the transaction.
In 2020, the US securities regulator SEC issued a lawsuit against senior executives of Ripple and the XRP cryptocurrency. filed a lawsuit. Ripple announced on October 20, 2023 that the names of its senior executives were cleared in this case.
However, opening to XRP cryptocurrency The case continues. This case is expected to have a positive outcome in a short time.
6. Litecoin, the king of microtransactions and instant payments
Litecoin, Charlie Lee It is a cryptocurrency founded by. The Litecoin network is designed to process fast, reliable and low-fee payments using blockchain technology.
Wax The transaction fee is very lowLitecoin can also be conveniently used for microtransactions and instant payments.
Litecoin is based on the Bitcoin blockchain protocol, the world’s largest cryptocurrency. Founder Charlie Lee, before Litecoin Google and Coinbase He worked in companies such as.
7. Bitcoin Cash is fast and has very low transaction fees
Bitcoin Cash, the world’s largest and most valuable cryptocurrency An alternative to Bitcoin It is a crypto asset created as. The founder of Bitcoin Cash is essentially Satoshi Nakamoto‘Stop.
As Bitcoin’s popularity increased in 2016, the Bitcoin network slowed down and transaction fees increased. This has caused a difference of opinion among miners on the network. Bitcoin Cash blockchain network on August 1, 2017 Leaving Bitcoin It was released as a new crypto asset.
Cryptocurrency mining hardware manufacturer among notable names supporting Bitcoin Cash bitmain and a well-known name among the Bitcoin community. Roger Ver is located. Transactions on the Bitcoin Cash network are very low. BitcoinCash; It can be used for peer-to-peer payments, purchasing goods and services from stores, and microtransactions.
You can use the above networks when sending your cryptocurrencies from one exchange to another or to a wallet. These cryptocurrency networks are usually fast and very low transaction fees has. However, not every exchange will allow you to use these networks, or in some cases you may have to purchase the network’s own cryptocurrency.
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