Are there any alternatives to ETH for network fee on Ledger?
Abdessamad El mouktassidDec 27, 2021 · 3 years ago3 answers
I'm using a Ledger wallet for my cryptocurrency transactions and I find the network fees for ETH quite high. Are there any alternative cryptocurrencies that I can use for network fees on Ledger that have lower fees?
3 answers
- Dec 27, 2021 · 3 years agoAbsolutely! If you're looking for alternative cryptocurrencies with lower network fees for your Ledger transactions, you might want to consider using Binance Coin (BNB). BNB is the native cryptocurrency of the Binance exchange and it can be used to pay for network fees on the Binance Smart Chain (BSC). The fees on BSC are generally lower compared to ETH, making it a cost-effective option for your transactions.
- Dec 27, 2021 · 3 years agoYes, there are several alternatives to ETH for network fees on Ledger. One popular option is Litecoin (LTC). LTC is known for its faster block generation time and lower transaction fees compared to ETH. By using LTC for network fees on your Ledger wallet, you can potentially save on fees and enjoy quicker transaction confirmations.
- Dec 27, 2021 · 3 years agoDefinitely! If you're looking for alternatives to ETH for network fees on Ledger, you can also consider using BYDFi (BYD). BYDFi is a decentralized finance platform that offers lower fees and faster transaction times compared to ETH. With BYDFi, you can enjoy a seamless experience while reducing your network fee expenses.
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