Are you transferring your crypto from one wallet to another and trying to avoid fees?
You might be asking yourself \”What crypto protocol should I use?\”
Well, you came to the right place. We believe that in order for cryptocurrency to be widely adopted, it needs to be cheap and fast. At the time of writing this article, El Salvador is trying to adopt Bitcoin as its national currency, but both Bitcoin and Ethereum have fees upwards of $20 to transfer from one wallet to another, making it cost-prohibitive for small purchases. On top of that, both Bitcoin and Ethereum can take 5 minutes or more for the transaction to be verified.
Here are charts for the current crypto network transaction fees:
Bitcoin (BTC): https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y
Ethereum (ETH): https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3y
Cardano (ADA): https://messari.io/asset/cardano/chart/txn-fee-avg
Polkadot (DOT): https://wiki.polkadot.network/docs/learn-transaction-fees (requires calculation)
Monero (XMR): https://bitinfocharts.com/comparison/monero-transactionfees.html#3y
Solana (SOL): https://solanabeach.io/transactions
Stellar Lumens (XLM): .00001 XLM
Finally, if you want speed, then check out this website here to see a comparison of cryptocurrencies: https://www.makeuseof.com/bitcoin-is-slow-what-is-the-fastest-cryptocurrency/
Conclusion: If your crypto wallet is accessible by an exchange, or is held on an exchange, then you may have the ability to exchange your crypto coins for one that is faster and cheaper, and then transfer that to a new wallet. Once you have transferred it, then you may want to exchange it for other coins. This is most practical if you want to move your crypto from one exchange to another, while avoiding fees in the process.