Will cryptocurrencies amount affect the transaction fee?

Modified on Thu, 1 Dec, 2022 at 12:02 AM

In a short answer: No
In most cases, it barely affects the transaction fee.

Cryptocurrencies could be briefly categorized into two models: Account-based & UTXO-based.

1. Account-Based Model Cryptocurrencies (Most Cryptocurrencies):
These cryptocurrencies do not use UTXO-model. The transaction amount will not affect the fee.

  • Ethereum
  • Avalanche
  • Cronos
  • BNB Chain (BSC)
  • Tron (TRC-20)
  • Polkadot
  • Cosmos and more!

2. UTXO-Based Model Cryptocurrencies
Transaction fees of these cryptocurrencies depend on the number of UTXO sources involved with the transaction. The more UTXO sources involved, the miners need to check more areas to confirm the transaction. Thus, collecting a higher fee. For more details about UTXO, please refer to https://en.wikipedia.org/wiki/Unspent_transaction_output.

  • BTC
  • BCH
  • LTC

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article