What are Cryptocurrency transaction fees?

Cryptocurrency transaction fees are small amounts paid to miners or validators who facilitate the processing of transactions on a blockchain network. These fees can vary widely depending on the cryptocurrency, the network’s congestion at the time of the transaction, and the transaction’s complexity. Unlike traditional financial systems, where fees are often a percentage of the transaction amount, crypto fees are usually flat or based on transaction data size.
Cryptocurrency transaction fees are essential for the functioning of blockchain networks. They incentivize miners or validators to process and prioritize transactions by providing a reward for their efforts. These fees help maintain the security, efficiency, and sustainability of the decentralized system by preventing spam transactions and covering operational costs.

When buying or selling cryptocurrencies on an exchange, You need to consider three main things:

Fees: There might be different kinds of fees like as transferring money, mining, managing your account, and making transactions.
Location: Some exchanges don’t follow rules and might only be open to people living in certain places.
What’s available: Not every exchange has all types of cryptocurrencies

Factors Influencing Transaction Fees

• Network Congestion: The more congested a network, the higher the fees, as users bid up the price to have their transactions processed quickly.
• Transaction Size: Larger transactions, in terms of data, can incur higher fees.
• Cryptocurrency Used: Different cryptocurrencies have different fee structures. For instance, Bitcoin fees can be higher than those for Litecoin or Ripple.

Cryptocurrencies with Minimal Transactional Fees

Litecoin (LTC)

Litecoin, created as a “lighter” version of Bitcoin, offers faster transaction confirmation times and significantly lower transaction fees. It’s an excellent option for small to medium-sized transactions.

Ripple (XRP)

Ripple is designed for rapid international money transfers, with extremely low transaction fees. Its unique consensus protocol allows for speedy transaction confirmations, making it a favorite for financial institutions.

Nano (NANO)

Nano focuses on instant transactions with zero fees, using a block-lattice structure that allows each account to have its own blockchain. It’s ideal for microtransactions and everyday payments.

Stellar (XLM)

Stellar aims to facilitate cross-border transactions, connecting banks, payment systems, and individuals quickly and with minimal fees. It’s particularly useful for international transfers and micropayments.

TRON (TRX)

Tron (TRX) is a cryptocurrency that operates on the Tron blockchain, designed to facilitate decentralized applications (DApps) and smart contracts. It serves as the native token of the Tron network, enabling users to engage in transactions, access bandwidth, and participate in the ecosystem.
The system doesn’t charge any fees for transactions and handles about 2,000 transactions per second. TRON uses small fees to prevent users from launching DDoS attacks without any cost.

How to pay with cryptocurrency in Doprax?

Paying with cryptocurrency on Doprax is straightforward. We support two major cryptocurrency payment gateways:

1)NowPayments
2)Coinbase.
Here’s how you can add credits to your account using either of these options

Step 1: Navigate to Add Credit Section

• First, log in to your account.
• In the sidebar menu, find and click on the “Add Credit” section.
• On the payment options page, you will see various methods to add credits to your account. Look for the cryptocurrency payment options.
• You can choose either NowPayments or Coinbase. Click on your preferred option to proceed. In this tutorial, we’re going to choose Nowpayment.

Step 3: Enter the Amount

• After selecting your payment gateway, you’ll be directed to a page where you need to enter the amount of credit you wish to add.
• Please note that the amount should be no less than five dollars. Enter the desired amount in the provided field.

Step 4: Checkout

• Once you’ve entered the amount, click on the “Checkout” button. This will take you to the payment page gateway.
  You need to choose the cryptocurrency you aim to pay with. In this example, we are going to use TRX. Enter your email to be notified about the payment result Then click on the next step.

Step 5: Complete Your Payment

• On the payment page, you’ll be required to enter your payment information. This involves scanning a QR code with your cryptocurrency wallet or manually entering the address to send the payment or connect your wallet. Let’s use the browser extension to enter the address manually to pay.
  Open the extension click on send and copy the wallet address beside the QR code then click on next.

The payment process takes a while to start depending on the cryptocurrency you chose cryptocurrency. So if the screen looks froze for a few seconds or 1 minute, don’t worry be patient

Final Step: Confirmation

After successfully completing the payment, you will receive a confirmation on the Doprax. Additionally, you should receive an email confirmation for your records.

The credits will be added to your account, and you can start or continue using Doprax services.

Note: The transaction time might vary based on the cryptocurrency network’s traffic and the confirmation process of the chosen payment gateway that’s why the payment status in the billing list is still not paid. You can still utilize the services provided by Doprax.

By following these steps, you can easily add credits to your account using cryptocurrency. If you encounter any issues during the payment process, please contact our support team for assistance. cheers!

Its purpose is to assist users in bypassing internet restrictions and blockages, enabling a more secure and unrestricted web experience. In contrast to standard VPN services, V2Ray employs a complex system that includes various protocols to route online traffic.
It can run on Windows, macOS, Linux, and even mobile platforms.

It is designed to help users circumvent internet censorship and blockades, providing a safer, more open internet experience. Unlike traditional VPN services, V2Ray operates with a more sophisticated mechanism, offering multiple protocols within its ecosystem to tunnel internet traffic.

Core Components

Before diving into the article, it’s very helpful to understand v2ray core components. It has 2 core components:

V2Ray Server: The server component is where V2Ray is hosted. It receives connections from clients, processes them according to the user’s configuration, and forwards the traffic to the intended destination. It can be deployed on cloud platforms, personal servers, or even on a home network.

V2Ray Client: The client side of V2Ray is installed on the user’s device, with different clients for various operating systems such as v2rayN for Windows, v2rayNG for Android, v2rayA for Linux, and V2box for iOS and Mac. It sends requests to the V2Ray server, which securely routes the traffic to bypass internet restrictions or surveillance.

Protocols and Routing Rules: V2Ray supports a variety of protocols, such as VMess, Socks, HTTP, Shadowsocks, and more. Users can configure routing rules to determine how traffic is handled, allowing for granular control over their internet connections.

Setting up V2Ray Server on Doprax: Step-by-Step

1)Install V2Ray client based on your OS: Depending on the OS you use, you choose a suitable client for your device for example if you use Android the proper client would be v2rayNG, for Mac, it’s v2box, etc,…We are going to use Mac version which is called v2box

2) create app space: Create an app space, deploying the ready-to-use v2ray app in Doprax with a few clicks.

3) Setting up the client

4) connect v2ray

Let’s start!

Step 1: Install V2Ray Client

Based on your operating system, choose a suitable client for your device. For example, if you use Android, the proper client would be v2rayNG; for Mac, it’s V2box, and so on. I’m using Mac so the suitable client is v2box. For this purpose open the app store search v2ray click on v2raybox and install:

Step 2: Log in to DopraX, navigate to the dashboard, click on the “Container Platform” option in the menu, and then choose the “Create App Space” option.

The following page will open. Choose a name for the app space and select the desired size. In the case of V2ray with a server in Germany, the smallest size is a good option.

Select the options and then click on the “Create App Space” button. App space created and the following page will open.

You need to create “an app” inside the app space. To create an app, click on “Create App.” Choose a name for your app, for example, v2ray or anything you prefer then click on “Create App” button

After creating the app, click on it and this page will open. To run the V2ray server, we need to deploy the related code. For this purpose, DopraX provides us with two options:

1)Import from GitHub
2) Import from the App Market.
In this case, we want to use the “Import from App Market” option because it is much easier and can be done with just three clicks.

Click on the “Import from App Market” button. The App Market page will open. Scroll to the bottom of the page and select the “V2ray app for Doprax.”

After selecting, on this page there you can see a pop-up that Doprax.yaml dependency file detected.
Click “yes, create them” then refresh the page.

Now app is ready to deploy, click on “go to deploy button”. It leads you to the deployment page as you can see in the picture.

To start deploying your server, Click on the blue play button, as shown in the picture. The process takes less than one minute.

How do I know when the server is deployed and ready? When the play button changes to green the status of the serve turns into “running mode.”

Now, click on the “Logs” option in the main block and scroll up in the terminal until you reach this part which is a JSON containing configuration data. Copy this JSON.

Open the V2ray client, click on the “+” icon, and select “Import V2ray JSON from Clipboard.”

After importing JSON, click on the home icon you should see the information about the server. Then tap on “Tap to Connect!”

Yayyyy! Your V2ray server is up and running with just a few clicks! If you have any questions, please let us know; we will be more than happy to help you.