eli5: “low transaction fees” in crypto

256 views

I’ve heard the argument that low transaction fees are one of the advantages of cryptocurrency payments – but in my experience this isn’t remotely true comparing gas fees vs. a traditional payment method. For that matter, they’re not particularly quick or simple transactions either. It seems strange that this is consistently touted as one of the major reasons why cryptocurrency will become widely adopted in the future.

What am I missing?

In: 5

5 Answers

Anonymous 0 Comments

There are cryptocurrencies, like Nano, that have absolutely 0 fees and send instantaneously.

You are viewing 1 out of 5 answers, click here to view all answers.