Crypto Transaction Fees Compared!! Complete Guide!! 💸

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  • Опубликовано: 21 авг 2024

Комментарии • 356

  • @CoinBureau
    @CoinBureau  2 года назад +20

    Hope that you guys found this video useful! Don't forget that you can follow me on my socials for all the content that you are missing here 👉 guy.coinbureau.com/socials/. You may also be interested in my clips channel which has all the behind the scenes bits and shorter form content ruclips.net/channel/UCR93yACeNzxMSk6Y1cHM2pw

    • @bastion9514
      @bastion9514 2 года назад

      Thanks for the guy-de on fees I think an important issue for those new to crypto market. Question though who is in charge of changing the rules/fees for Bitcoin? I didn't think anyone actually ran Bitcoin or am I wrong and can the rules be changed in the future?

    • @debasisbag7099
      @debasisbag7099 2 года назад

      God level😭

    • @incredible8me
      @incredible8me 2 года назад

      thanks Guy.
      I wish you would include ZIL, Zilliqa in your reports.
      It's very fast and cheap. Huge eco-system. 🙏

    • @vinibarbosa3544
      @vinibarbosa3544 2 года назад

      Can I ask you why you deliberately ignored nano (I know you know it exists)?
      There is no lower fee than ZERO fee, and #nano accomplishes that with a live network since 2015, supported by hundreds of nodes in a decentralised system and never a single fee was ever charged!!!
      Don't need to trust my words, just DYOR and check it for yourself. No fees needed!

    • @efltube
      @efltube 2 года назад

      Hello Coin Bureau
      I think I may have found the cheapest platform where to swap tokens on ethereum network, it’s called CivTrade and it’s a Civilization product.
      Did you know it?
      You can also trade target/limit with it!
      Would you care to make a video and talk about it? Thank you! Love your videos!

  • @tomasajablonskitl9207
    @tomasajablonskitl9207 2 года назад +709

    I'm trying to figure out how to stake tokens that i just bought, where do i input these words? Hire manage cloth online tilt climb sick fury pave amateur mosquito cliff

  • @SuperSaiyanED
    @SuperSaiyanED 2 года назад +46

    Algorand has been the most reliable and the best for me. Super cheap fees!

  • @MakeSushi1
    @MakeSushi1 2 года назад +8

    there are also zero-fee cryptos like NANO and Vite, essentially nano is like the BTC of dags where it can only transact, Vite is like the ETH if DAGs where it can also do smart contract stuff.

  • @smartguym.2260
    @smartguym.2260 2 года назад +9

    $1 fee is in no way low. This is a very high percentage if we pay for things that cost $5-$10, which is quite common in the internet.

    • @fivetimesyo
      @fivetimesyo Год назад +2

      Exactly. It's like paying to pay. No thanks.

    • @nicoled5160
      @nicoled5160 3 месяца назад

      Yeah… imagine transferring. It’s $37 to send $10.
      I’m serious. I am not too interested in bitcoin anymore. Once people try to use it, it will quickly drop in value. The system is ridiculous

  • @Crazypostman
    @Crazypostman 2 года назад +6

    Where's NANO? :(

  • @clearandsweet
    @clearandsweet 2 года назад +11

    ? Is your information correct here? Cardano's transaction fees don't scale with usage. They are consistently .17 ADA plus bitsize. It has nothing to do with network congestion as you suggest.

    • @jordandittmer9572
      @jordandittmer9572 2 года назад +2

      Guy is great at spreading misinformation about Cardano

    • @thoms4092
      @thoms4092 2 года назад

      Hydra will help Cardano dominate 💪🥇

  • @bluepunkrocker
    @bluepunkrocker 2 года назад +17

    Killing it Guy! Been watching old videos like it's a Netflix series lol

  • @firewoodtime2
    @firewoodtime2 2 года назад +8

    FTM had more transactions then ETH a couple days ago. Super undervalued

    • @Firedancer100
      @Firedancer100 2 года назад +4

      Nothing is undervalued everything is valued at the price people Are willing to pay but I have got a lot of FTM So I do hope it goes up

    • @jeffreychavey4161
      @jeffreychavey4161 2 года назад

      Probably driven by all the defi platforms that use it

  • @HAL.9089
    @HAL.9089 6 месяцев назад +1

    You forget about HBAR, with a Tx cost between 0.0001$-0.005$ and a TPS of 10.000 being among the fastest and cheapest blockchain

  • @Simithy
    @Simithy 2 года назад +10

    Can you cover Nano pls

  • @Irgin
    @Irgin 2 года назад +4

    We need a movie: "The Guy" - starring Sean Penn as "The Guy" and Samantha Mumba as Macey.

  • @jokinelizalde5117
    @jokinelizalde5117 2 года назад +18

    $NANO / $XNO would have been a great use case to study as a feeless and near instant currency, although without smart contract

    • @Software.Engineer
      @Software.Engineer 2 года назад +2

      Without smart contract makes it value almost worthless

    • @brasileiroloko5375
      @brasileiroloko5375 2 года назад

      nano gets hacked/attacked all the time

    • @greeneggsandsam7490
      @greeneggsandsam7490 2 года назад +1

      @@brasileiroloko5375 lol to your comment. So do all crypto projects. Nano has fought off all attacks so far. The network has been attacked, but never stopped running. It’s stronger by the day 💪

    • @thecruellestmonth
      @thecruellestmonth 2 года назад

      @@Software.Engineer exactly.

  • @RohanMishraAlpha
    @RohanMishraAlpha 2 года назад +1

    Incredible video, the explanations were super helpful. There's really nothing else on the internet that explains these fees better than this video does.

  • @Gym_Invest78
    @Gym_Invest78 Год назад +1

    Going back to your older vids never gets old 🤓

  • @physioathome
    @physioathome 2 года назад +8

    Monero for the win

  • @Old-Boy_BEbop
    @Old-Boy_BEbop 2 года назад +1

    Osmosis has no transaction fees but don't let that confuse anyone here to stake and unstake requires OSMO gas fees. just level a lil in your wallet its also incredibly cheap

  • @andiego888
    @andiego888 2 года назад +11

    Weird you would say xrp and Stella without mentioning that nano is completely feeless and has no minimum wallet value.

    • @Firedancer100
      @Firedancer100 2 года назад +2

      He did say he could not mention all of the crypto tokens

    • @andiego888
      @andiego888 2 года назад +1

      @@Firedancer100 but the topic was which coins have low transactions fees and he just picked to random alts without mentioning the cheapest

  • @TroyKnox
    @TroyKnox 2 года назад +8

    The XRP minimum wallet balance is 10xrp and has been for quite a while. You might want to actually read the fine print yourself

    • @darrellb6583
      @darrellb6583 Год назад

      It's 20 XRP they said they will lower the wallet reserve once it breaks a few dollars. I think you are looking at a crypto exchange minimum. It's 20 XRP for self custody hardware's wallet address

    • @TroyKnox
      @TroyKnox Год назад

      @@darrellb6583 You are incorrect. Please source your claim

  • @bistrobmusic
    @bistrobmusic 2 года назад +16

    The real financial advice was inside of us all along.

  • @GH-bz2vl
    @GH-bz2vl 2 года назад +2

    Almost to 2m subscribers! Whooooo 😍

  • @lionritchie8201
    @lionritchie8201 2 года назад +6

    Love it! Monero is so unrated.

  • @CryptononymousOne
    @CryptononymousOne 2 года назад +3

    Love your Videos man! you don't miss many details, or topics.

  • @davidcarters4899
    @davidcarters4899 2 года назад +1

    Transaction fees sometimes really freak me out. I was advised to buy some LEO. It's said that we can exchange it for fee discounts, so I'm willing to try

  • @mrlover4310
    @mrlover4310 2 года назад +4

    Hi guy could you please do more videos on low or very low cap cryptos
    THANKS.

  • @3six933
    @3six933 2 года назад +2

    A cent for privacy compared to those glass chains

  •  2 года назад +2

    CELO’s transaction fee is 0.001 CELO

  • @Joker3515
    @Joker3515 2 года назад +2

    I was hoping there would be a video about this, thanks Guy(s)

  • @felix-antoinebossis8608
    @felix-antoinebossis8608 2 года назад +9

    Fantom is the best blockchain: fast secure & decentralized
    It all works because of their unique blockchain that isn’t a blockchain, rather a DAG !

  • @khalidlund5406
    @khalidlund5406 2 года назад +3

    Love you guy great knowledge great work you are genius

  • @Trad6166
    @Trad6166 2 года назад +2

    Not even a mention of ADA = dying Crypto

  • @AlexFromTheDistance
    @AlexFromTheDistance 2 года назад +2

    Alpha crypto educational content! Great job!

  • @rayrivera1830
    @rayrivera1830 2 года назад +1

    hbar even lower than sol?

  • @cryptobix3308
    @cryptobix3308 2 года назад +4

    Fee are not needed let's work on that in the crypto sphare

    • @shillengod
      @shillengod 2 года назад

      DYOR about XPR Proton... feeless transactions are already here...

  • @alexsantos6474
    @alexsantos6474 2 года назад +2

    Well said Guy! Thank you for the entertainment

  • @joseluis_7
    @joseluis_7 2 года назад +1

    2:20 Bit2Me reference, totally unexpected to see it on the Coin Bureau channel

  • @luma-lagabvlog6505
    @luma-lagabvlog6505 2 года назад +2

    Fees? Let’s talk about Nano/XNO

  • @davearthur8656
    @davearthur8656 2 года назад +1

    Thanks once again. I love your weekly update.

  • @superladyloraine
    @superladyloraine 2 года назад +4

    Wow, you are so smart and you make everything so understandable! Thank you for all you do!!!

  • @prxoject7175
    @prxoject7175 4 месяца назад

    An updated video of this would be amazing!

  • @KarilSampson
    @KarilSampson 2 года назад +8

    I thought I was imagining things but the bias is real. Who is paying a few dollars per transaction on Cardano? The most I have ever seen is 0.23 cardano for a transaction. Where do these people get this nonsense from?

    • @imaginationplayground
      @imaginationplayground 2 года назад +1

      Same never paid near a dollar

    • @Firedancer100
      @Firedancer100 2 года назад +1

      Cardano will be left behind

    • @KarilSampson
      @KarilSampson 2 года назад

      @@Firedancer100 Thank you for your opinion. Have a nice day.

    • @imaginationplayground
      @imaginationplayground 2 года назад +2

      @@Firedancer100 By the blockchain which has been restarted (Solana)? Or the one which constantly has major hacks (Ethereum)? Or the one which had a missend and is patented (Avalanche)?

  • @arkadygrigoryan8455
    @arkadygrigoryan8455 3 месяца назад

    HBAR is #1 in all categories
    Speed, Security, scalability, reliable, lowest transaction costs, best in class governing Council and much more…
    Hello Future

  • @ibc_mafia7216
    @ibc_mafia7216 2 года назад +3

    The Osmosis dex on Cosmos has zero fees

  • @jorge28624
    @jorge28624 2 года назад +3

    Any thoughts on XNO?

  • @BeastShot
    @BeastShot 2 года назад +2

    You are forgetting Constellation $DAG

    • @Firedancer100
      @Firedancer100 2 года назад +1

      No he was not talking about DAG

  • @ewendels
    @ewendels 2 года назад +1

    ADA

  • @user-wr2bk2ns8b
    @user-wr2bk2ns8b 2 года назад +2

    Guy great video but Harmony has almost no fees

  • @Northstar2000
    @Northstar2000 2 года назад +4

    Dash.

  • @Ambassador_Gkar
    @Ambassador_Gkar 8 месяцев назад

    Thanks. The best explaining video I have seen, to date, on why fees are exorbitant.
    I only see the MEV issue getting worse, with Blackrock's buying into the miners.
    transferring

  • @gravityfallscanada
    @gravityfallscanada 2 года назад +9

    Ugh, ETH a layer 1, layer 2, layer this layer, that! Move over to Cardano people! You can do near 1 million dollar transaction for less than $50. Solana would have been number one, but the infrastructure is such garbage that there's no point and that coins days are numbered.
    And make it quick too people are waiting for this thing to hit $5..

    • @shillengod
      @shillengod 2 года назад

      Go away with this ada crap... it's super slow and you still need to pay fees... go research Proton XPR. With $50 you can do infinitely many transactions bcz they cost ZERO....

    • @gravityfallscanada
      @gravityfallscanada 2 года назад

      @@shillengod
      Nice trash coin shill 💩 head. There is no such thing as a cryptocurrency that you don't pay transaction fees (not yet anyway). Proton xrp is a pump and dump. 😂😂😂

    • @rousseau327
      @rousseau327 2 года назад

      You can't possibly be pro-Cardano, yet ignore the innovative stuff that's going on in Layer 2 development right now, that's just a contradiction lol.

    • @wardiya3arbiya
      @wardiya3arbiya 2 года назад

      @@gravityfallscanada mostly dumps

    • @itsmartin9202
      @itsmartin9202 2 года назад +1

      Syscoin will overtake all of them mark my words.😁

  • @jasonb4300
    @jasonb4300 2 года назад +2

    Why do I lose my transaction fee on eth sometimes? 3 times I lost over $100 each on failed transactions. In uniswap.

  • @RosalesRick
    @RosalesRick 8 месяцев назад +1

    Can you make a 1 minute video that says who has the lowest trading fees for btc?

  • @lynxlagoon
    @lynxlagoon 2 года назад +9

    Kadena does have transaction fees, it's just scalable so that they will always be low

  • @judasliongaming640
    @judasliongaming640 2 года назад

    LOL with your rhymes, you should be a cool rapper, dude. Sick!

  • @TheKaspaMaxi
    @TheKaspaMaxi 2 года назад +1

    MultiVac MTV blockchain! Fees are $0.00000002 and 30k TPS

  • @DiamondDave881
    @DiamondDave881 2 года назад +1

    Good morning 🌞

  • @DiamondDave881
    @DiamondDave881 2 года назад +2

    Okay GUY love it 💎

  • @abhinav29890
    @abhinav29890 2 года назад +1

    Solana low fees? You must use Telos and then comment. No front running and easy transaction. Not centralized like Solana and doesn't breakdown often!!

  • @psygama
    @psygama 2 года назад

    Wow, didn't knew about the gas calculation, yes confusing, but genius, as it makes the developer worry about the efficiency of his code, as a less efficient transaction makes it more expensive...

  • @DR-eu4bj
    @DR-eu4bj Год назад

    A coin could add a fee that is sent to a time locked wallet, or create a second token as a peg to the first token. Have these tokens distribute over a fixed period of time so that exponential gas fees can be mitigated with those funds.

  • @DaKiffster
    @DaKiffster 2 года назад +2

    Fees are mad🔥

  • @mrpopo8298
    @mrpopo8298 2 года назад +7

    ALGO is my go to for transferring between exchanges.

  • @ludozico
    @ludozico 2 года назад +2

    Solana has low fees because is centralized, just like Amazon kKkk

    • @Firedancer100
      @Firedancer100 2 года назад +1

      Who cares like 99% of the other people in crypto they are in this to make money

    • @davycrockett8886
      @davycrockett8886 2 года назад

      Yeah. Risky, saving pennies to possibly lose it all.

  • @henrik.nikolaus
    @henrik.nikolaus 2 года назад

    thanks guy :)

  • @niklase5901
    @niklase5901 2 года назад

    Thanks Guy, really needed a break from the awful news.

  • @natem.2299
    @natem.2299 2 года назад +3

    Appreciate all of the knowledge!

  • @omarfatouh4731
    @omarfatouh4731 2 года назад +4

    Hey Guy, you're always the GUY! Arigatou gozaimasu for the great content!

  • @BudrMac
    @BudrMac 2 года назад +2

    That was, single-handedly, one of the most humorous intros I have seen on this channel so far, Mr. Guy.

  • @Ajaiavi
    @Ajaiavi Год назад +1

    Bro do i have to pay trading fee to get my profit in crypto

  • @truecrypto5166
    @truecrypto5166 2 года назад +1

    Love some algorand

  • @eyeofsaurona2345
    @eyeofsaurona2345 2 года назад +1

    Thats the best bitcoin/ crypto shirt you have - just saying :)

  • @sammypride3116
    @sammypride3116 2 года назад +4

    Cardano fees are fixed and low, even during high load. Guy you know this.

    • @Firedancer100
      @Firedancer100 2 года назад +1

      It’s just a shame Cardano will be left behind

  • @alincirneala2968
    @alincirneala2968 2 года назад +1

    Hey! big 👍!! hope to see soon your good deep dive in elrond network

  • @mrbimsy595
    @mrbimsy595 2 года назад

    On Proton Blockchain you never pay any fees, it's free to use.

  • @azzthund1500
    @azzthund1500 2 года назад +1

    ergo and ckb are ridiculously low

  • @100Brechtn
    @100Brechtn 2 года назад

    my top 3 low fee cryptos:
    1. litecoin
    2. bitcoin cash
    3. dogecoin

  • @blacc2062
    @blacc2062 2 года назад

    Thank you ❤️

  • @ResortDog
    @ResortDog 2 года назад +1

    Dyslexia, the gift that keeps on giving. Double check text before I hit that send, LOL. Unstoppable Domains!

  • @furkanyildirim6254
    @furkanyildirim6254 2 года назад +1

    Take a look at Telos

  • @sourcecreator2222
    @sourcecreator2222 2 года назад

    A gentleman, and a scholar

  • @frankpop9880
    @frankpop9880 2 года назад

    No mention of Near? or Aurora? Transaction fees are the least on there compared to any of the others you mentioned, other than solana and eos which both SUCK. Might want to look at Elastos as well, fees are next to nothing.

  • @ivarcifre5476
    @ivarcifre5476 2 года назад

    Guy, Sorry but the cheapest smart contract platform is NEAR protocol. I've paid a cents in Avax and Sol but never more than 0.0001 on NEAR.

  • @magziborgues6777
    @magziborgues6777 2 года назад

    I personally advise all traders to be sure to calculate the amount of commission for each of their trades on Bitfinex

  • @fraktal6090
    @fraktal6090 2 года назад

    I wanted to check out your merch store, but the link in the description takes me to the cryptolifer's merch store

  • @krisbrown2564
    @krisbrown2564 2 года назад

    I personally calculate the commission for each of my trades on Bitfinex, and I advise other cryptotraders to do the same

  • @mohdrustam2188
    @mohdrustam2188 2 года назад

    Bitgert has lowest gas fee and it fastest blockchain which can do 100 thousands transaction per second.

  • @bullzeyes23
    @bullzeyes23 Год назад +1

    I am confused when i withdraw my bitcoin from an exchange in the transaction log shows the gas fee 0.0006 BTC and in my cold wallet shows the gas fee 0.00036 BTC. is that me i get charge gas fee both way? or the cold wallet gas fee is the final fee i get charged?

  • @nicoled5160
    @nicoled5160 3 месяца назад

    This didn’t age well. Would cost me $36 in bitcoin to send $10 in bitcoin today

  • @MrLazyleader
    @MrLazyleader 2 года назад +7

    I understand that you can no longer talk about Nano due to its low market cap, but especially in light of failing economies in Ukraine, I think spreading the knowledge of a zero fee, sub 1 second Crypto could actually help a lot of communities there.

    • @VikingMarketer
      @VikingMarketer 2 года назад

      Lol Ukrainians generally use crypto and knows it

  • @carlstroud3405
    @carlstroud3405 2 года назад

    Telos.
    10k transactions ps, no front running, virtually no gas.

  • @JepsonPA
    @JepsonPA 2 года назад +2

    Algorand will beat out Ethereum. Algo is King.

  • @sneezweasel
    @sneezweasel 2 года назад +3

    POLYGON BABBBBBBYYYY

    • @ResortDog
      @ResortDog 2 года назад

      Dyslexia, the gift that keeps on giving. Double check text before I hit that send, LOL. Unstoppable Domains!

  • @maximelafontaine9910
    @maximelafontaine9910 2 года назад

    Regarding Bitgert case, should we assume the token low fees per transaction would mean his security is at risk ?

  • @dagnumpi
    @dagnumpi 2 года назад +1

    You should look into $DAG because it's a Fee-Less network

    • @l.a.5698
      @l.a.5698 2 года назад

      Tell them, oh great Dagnum man.

  • @abramneitling4204
    @abramneitling4204 2 года назад +1

    Great 👍🏻

  • @renaissancenovice7202
    @renaissancenovice7202 2 года назад

    Wish you had mentioned BCH or some of the other Big Block options for Bitcoin.

  • @coffindodger8855
    @coffindodger8855 2 года назад

    The holding of xrp for transactions has gone down to 2 xro

  • @PTminatoPT
    @PTminatoPT 2 года назад +2

    Guy,for the love of God,take a look at $MTV!😉

    • @mrpopo8298
      @mrpopo8298 2 года назад +1

      He only reviews cryptos with a MC of 1 billion or more. He has said that because so many people watch his show it would seriously distort the price.

  • @ILikeItfilms
    @ILikeItfilms 7 дней назад

    How much gas would I need to move 33,000 USDT?

  • @holdercrypto5844
    @holdercrypto5844 2 года назад +1

    $WOO zero trading fee