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Tuesday, April 24, 2018 11:00:46 AM
Bitcoin and Litecoin transaction fees are calculated using a combination of historical blockchain information obtained from the Bitcoin and Litecoin network. This is then combined with the latest smart fee calculation algorithms to ensure LitePal uses the lowest possible network fees while still processing and confirming your transactions.
Bitcoin network fees
Network fees for Bitcoin transactions are on average at around $0.30 - $1.00 (USD) per transaction, however, sometimes due to network congestion this can be as high as $5.00 (USD) per transaction.
Litecoin network fees
Network fees for Litecoin are currently on average at around $0.10 (USD) per transaction and in times of high network traffic, fees can increase up to an average of $0.80 - $1.00 (USD) per transaction. Litecoin does not face the same potential congestion as Bitcoin, therefore you should expect that fees naturally remain more stable at around $0.10 - $0.30 (USD) per transaction.
1.00 to 5.00 fee for a cup of coffee. LMAO. Facts are Facts.
https://litepal.io/faq/platform/fees/
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