Crypto Network Fees
Crypto Network Fees
A cryptocurrency payment network is a digital infrastructure that allows for the transfer of cryptocurrencies (like Bitcoin, Ethereum, etc.) between users. Networks facilitate the accepatance and processing of crytocurrency transactions. Networks handle the infrastructure of creating, verifying and recording transactions on a blockchain. Blockchain being the technology that records all transactions.
The networks supported are shown in the table below:
Network | Transaction Speed | Transaction Fees | Supported Coins |
Bitcoin | ~30 minutes | 1-20 USD (~20 - 400 ZAR) | BTC |
Ethereum | ~5 minutes | 1-50 (~20 - 1,000 ZAR) | ETH, USDT, USDC, MATIC |
Binance Smart Chain (BSC) | ~1 minute | < 0.5 USD (~ 20 ZAR) | BNB, BTC, SOL, MATIC, USDC, USDT, DOGE, ADA |
Polygon | ~1 minute | < 0.5 USD (~ 20 ZAR) | MATIC |
Solana | ~10 seconds | < 0.5 USD (~ 20 ZAR) | SOL |
Ripple | ~10 seconds | < 0.5 USD (~ 20 ZAR) | XRP |
Tron | ~1 minute | < 0.5 USD (~ 20 ZAR) | TRX, USDT |