Bitcoin Forum

Very often we see people sugget to use ETH or any alternative coin for cheap and faster tx. I am going to share some information which will proof that it is no better. I may be wrong too, I am not an expert here. Just sharing what I have got.

BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)

So, ETH will get around 43 blocks = 1 BTC block

BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)

How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.

Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.

I normally suggest ltc, it's not perfect but it has segwit and a 1mb block every 2.5 minutes.

Eth txs are definitely cheaper than btc though srull from when I last used them...

When it's about Bitcoin and Eth I always suggest Eth for payment because of its fastest block time and lower transection fees.But My personal suggestion for payment is to use Nano coin.
Because it's the fastest and Nano has zero transection cost or fee.

Again Neo has also faster transection feature which is only 15 seconds required to process a transection on avarege for the next neo block.

when you speak of confirmation you should first define what it means. confirmation does NOT JUST mean included in a block even though that is the literal definition. when speaking of confirmation we care about the number when the transaction becomes irreversible. in bitcoin a transaction with 1 confirmation is considered already irreversible because of how extremely difficult and costly it would be to reverse that 1 block. there is no altcoin in existence that shares the same number. majority of them have to have a chain that is thousands of blocks long before the transaction is considered irreversible. you can take a quick look at the number of confirmation exchanges require before funding the user's account as an inaccurate but good example.

additionally confirmation has another meaning to it which is immutability. in simple terms it means when the blockchain is created it must not be changed. that is not true for many altcoins including ethereum. their blockchain has changed in the past due to decisions that their owners made with rollbacks, ... and there is nothing stopping them from doing the same in the future. that is another downside of being centralized!

Both are perfectly fine for payments, I would say. However, it still depends on what you are currently holding. I mean, if a person uses bitcoin as store of value, then he might choose to make payments in the same asset. Otherwise, he will need to exchange it for another cryptocurrency like Ethereum to make a transaction. It requires some time and fees to make it happen. If there is a convinient way to switch assets quickly then I don't see a problem. But again why would he do that if he can make payment with bitcoin. You might say that what if he is holding several assets to make payments. Yes, but that doesn't work when we are talking about storing of value. Ethereum, in this case, must be also considered as store of value, in order for a person not to lose his money while waiting for a good time for a fast transaction.

Speed comparison as I used both. Eth is relatively faster regardless of size. Ive been using both on our third party app and I always received and sent first with the ethereum network.

Let say sending both USD equivalent from one btc to another wallet same goes for eth, having the block time for both could tell you which one will be efficient but as you mentioned Segwit sometime is better, I believe with the use of lightning network it can be comparable now to eth speed.

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_{I like both but I tale advantage sometime which transaction fee can make me spend cheaper before doing any such payment and usage of eth and BTC}

Yup unless you got a wallet which holds mulitiple coins. It decreases the time and hassle you spend from the process of converting through the use of an exchange. But to be honest, I still stick to btc though I am using such kind of wallet. I don't actually mind if eth is the obvious better option here because I already got used to btc. I'm satisfied with its speed and I can't feel the fees also. For me a 1% fee is not so big. Well, I guess maybe that's because I only withdraw small amount of money and my opinion change once I withdraw bigger :D.

I think that's one factor why many people are still using btc even if eth has lower tx fee. If they have btc in hand and suddenly they need to pay or buy something, instead of going to convert it to eth first, they will just directly use btc as converting will consume time, so it is more of convenience that we are talking here. But if you already have eth available, why not?

As this is beginners section, lets imagine that beginners are using popular and easy-to-create wallets - online wallets. When you use BTC online wallet, most of the time you can change transaction speed, but online wallet will charge his % as an addition to fee. As a ETH wallet, 99% of new users will use myetherwallet, where you pay only transaction fee. So for me and new users, ETH seems to be a better option for payment.

That's a good point. How many confirmation in ETH considered as irreversible, provided that ETH once has once faced rollback back in 2016 by Vitalik. It would be good to know and compare better.
Reference- https://bitcointalk.org/index.php?topic=5242048.msg54262172#msg54262172

Can't say for sure, but according to this[1], range around 12 to 30ish. It might change due to the difference in hashrate and stuff like that.

But considering the risk of another rollback in ETH is higher, I'd still use Bitcoin if I need to make an important tx.

[1] https://ethereum.stackexchange.com/questions/319/what-number-of-confirmations-is-considered-secure-in-ethereum

Most of platforms require about 12 confirmations on ETH network to credit users' balance so it takes much lesser than 10 - 30 minutes with BTC transactions (platforms tend to require from 1 to 3 confirmations with BTC).
It does not only relate to the size of transactions, but it relates to the confirmations. The more confirmations one transactions have on networks, the less risks for transactions and people who have trade deals with those transactions.

That's quite interesting, it's true that the block  size for BTC is fairly large.

Personally, I haven't used  ETH for payment yet. For larger amounts I just use BTC and for smaller payments I use Bitcoin Cash BCH.

What are your thoughts on BTC vs ETH?

You can't compare fee and speed both at once. Fee is certainly high for BTC and will be high forever as long as you are doing on chain tx. ETH still have more tx pending than BTC I think. If BTC had such pending tx, I think fee would be crazy high.

As jackg said, it's thousand times better to use Litecoin if you somehow want to use an altcoin. Bitcoin Cash is totally a centralized shit.

OP your points here are talking about the speed of transfer not the coin use case or reliability, if that's the case many coins out there beats both ethereum and Bitcoin in terms of speed, even ripple beats this two hands down

In my roughly 6 years as I am in the crypto world I have never used ETH to pay anything, and I used LTC, DOGE and BCH when I wanted to get rid of it and the BTC blockchain was under constant spam attack, and the fees for the next block confirmation are jump to $50. It was also the case before that more or less all online merchants only accepted Bitcoin, so ETH never really came to life as a means of payment.

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Very important information that should definitely be remembered from the aspect of security. What benefits do we get from a cheap and fast transaction that someone can change at any time in the future? I think a lot of people have no idea how hard or almost impossible it is to manipulate BTC transactions when we get only 1 confirmation, compared to more or less all altcoins.

For payment you would want to use a faster blockchain, you don't want to wait around for block verification after paying at a vendor or store right? Many options are on coinmarketcap, way better and faster than bitcoin and ethereum

ETH kinda in the middle. If people want a lightweight, fast, and low tx fee, they go for LTC. Now everyone was talking, I don't remember that I ever use ETH for payment at all. I only use ETH to transfer token or deposit/withdraw from my balance. Weird, I brought an online sms to verify service and although it cost me $50, I used BTC as payment instead of ETH.

Yes, scalability has been a problem for Ethereum but they are trying to solve it with the next update. Another advantage of Ethereum payment would be it's lower fees. With a much higher supply than of bitcoin, we can expect a unit of Ethereum coin's price to remain a lot cheaper than bitcoin on anytime as bitcoin's supply is fixed while Ethereum is ever rising. Solve the scalability problem, ETH would be the best transacting coin.

Many will make choice base on lower fee and some will choose speed over lesser fee but there are other better close that has less fee and faster speed too but since this post is about Ethereum vs Bitcoin I will prefer Bitcoin, maybe if ethereum fixed their scalability problem in future

Any good payment solutions shouldn't plan on implementing Bitcoin only or Ethereum only in their service, some people will have Bitcoin and some will have other coins, any crypto means of payment should accept as many as possible crypto coins, you can never tell which coin a customer is carrying.

I feel ETH has the flexibility at being a pay-coin. Mainly because of the price. And also the market of BTC is much more volatile than ETH. Which means that your wallet will be affected more. And also i feel like that the transactions on ETH's blockchain is faster than BTC's.

Dude, we talking about the comparison between but. The service will also accept another coin which has huge liquidity in the market too. In this comparison, I can say ethereum is much more superior than bitcoin to be a payment system consider its scalability can help the merchant to avoid the volatility

I find the transaction speed of ETH much better than that of BTC. So using ETH in payment will be a lot better than BTC, people's orders will be processed more quickly.

When it comes to speed and transaction fee, I would opt for Stellar Lumens (XLM). They’re pretty much stable, quicker and cheaper. Price is way too undervalued as well.

Between BTC and ETH, I can say ETH. They will be introducing the 2.0 version of it and transactions may be much more quicker and cheaper right now. The only downside of ETH is network congestion where there is a high volume of transactions that forces you to pay a higher gas fee to proceed with the transaction.

BTC right now averages between 30 minutes to almost an hour, which also depends on the network as well. When I tried withdrawing from a crypto ATM in Singapore, took me almost an hour of waiting before reaching the number of required confirmations to convert into fiat.

The issue surrounding ethererum scalability will be resolve or solve during the next upgrade as we all know that the current situation of ethereum as a project has it shortcomings. That aside, I will always   choose ethereum over Bitcoin because of the fast confirmation on it block compared to the Bitcoin block. Their fee will also make me choose ethereum over Bitcoin because of bitcoin high fee for transaction.

I have the same view in fact, in choosing between Ethereum and Bitcoin my vote is on Ethereum when paying stuff but if I'm not in a hurry i can still go for Bitcoin, in fact I just bought one domain using Bitcoin although transaction took me 30 minutes, Nano is also good and it has a good potential in the future because of it's being fast and no transaction, they need more to market the coin.

Right now I see ethereum instead. because the fees are also quite high forcing people to come back to see whether it is suitable if we say better than bitcoin? I think the choice of people still prioritizes bitcoin for transactions or investments. I am not saying that ethereum is also bad for investment but we are talking about these two options

ETH will undoubtedly be the choice of many people, it's a lot faster than BTC. It only took me 1-2 minutes to complete my invoices with the site. I also prefer to use stablecoins for payment because its price is stable and doesn't change too much

Why not plan to implement Bitcoin or Ethereum for a good payment solution? Is not it very preferred by all bounty hunters because Bitcoin and Ethereum are clear in value and already exist in all market sectors, both small and top markets.

During the last three and half years, I have used BTC, BCH, ETH and LTC for making payments. Each of these currencies had one or more issues associated with them, and I couldn't find one that was 100% satisfactory. With BTC, the problem was always with the delay in getting confirmations and the ultra-high transaction fee. With ETH, the issue was related to security. Storing ETH in wallets such as MEW is not totally safe.

I think it will be difficult for people to use ETH or BTC to pay because currently, less than 1% of the world's population knows about the existence of this market.

If you choose the payment method, people will still prefer to use a fiat or credit card because it is much faster. Of course, this market still has a lot of unexplored things, but one day I hope BTC will have a big role in human history.

The problem is that ETH commissions inside the network change very often. transactions often stay too long in the blockchain and it is impossible to sell some ERC-20 tokens because  very often commissions in the network are higher than the cost of tokens

It will be quiet interesting if you'll use Bitcoin & Ethereum at the same time as a payment method. For faster transaction if it's peer-to-peer or third-party-programs; you might wanna recommend to use Ethereum for quick transaction. In the other hand, Bitcoin is kinda sluggish for blockchain transaction.

I feel that ethereum is not suited for payment ;D

I suggest using litecoin for payment, the confirming of the transaction is not take too long, and the fee is not too high. I think it's about how would you pay the transaction fee, and not about the coin. If you don't want to pay a high fee, you should use the altcoin, and you can pay a low fee for the transaction. I think many altcoin have a fast confirming transaction with a low fee.

Who says Bitcoin is a bit slow for blockchain transactions? even at this time Ethereum transactions that have a lot of pending unless someone uses a slightly higher fee when making a transaction so that the transaction can be successful more quickly.

Obviously Eth is much better for payments as compared to btc. Even yesterday i saw people complaining slow and costly Eth transactions but i tried a transaction it went through in under a minute with only 18 cents fee which is very reasonable i guess, while for btc i think fee is higher and transaction also takes much longer time to confirm.

IMHO, at the present rate of their respective transaction speed, I might say that no one is better, Ethereum Network now was also clogging except If you are willing to pay for higher gas (Gwie). If the Bitcoin's Lightning network was push through this TX speed is not a problem anymore. same on Ethereum too as an Ethereum user I'm also hoping that the 2.0 upgrade will bring more game-changing progress to the Ethereum Network. 

Ethereum transactions are cheaper and always faster than bitcoin transactions and I always suggest you to move funds in form of ethereum and not bitcoins as it will save a lot of your time and many a times money also.
But there are may people who prefer bitcoin because they don't want to go through the hassle of converting their bitcoins into ethereum and then back to bitcoins for saving a few dollars on the transaction. Many a times if the amount being transferred is big then the sender may pay more for converting than sending their coins straight in the form of bitcoins.

actually everything is on the fee constraints that are prepared for all transactions. ethereum and bitcoin are actually the same transaction speed depending on the fees provided to make transactions. Most people are looking for every transaction with an affordable fee which of course will have the risk of being slow for the transaction. want bitcoin or ethereum has no effect in the speed of transactions that make fast or slow can be ascertained because the fee is prepared only, to be able to quickly the easiest is to prepare a fee above the average requested can be ascertained will be completed quickly the transaction.

If comparing bitcoin transactions with ethereum now it's better bitcoin. Especially with the bitcoin segwit being increasingly
recommended to be used as payment. If you want a cheap and fast transaction you can use LTC, XRP and TRX. These three
altcoins better than bitcoin.

I didn't use ETH that much after getting paid mainly with BTC, perhaps one or two times in the last year.
I guess the network effect is still the main factor in choosing between BTC and ETH. If you got paid by BTC, you would be using BTC. In fact, I still use BTC even though it has higher fees than ETH. If the BTC transaction fee is still manageable, I don't have the reason to use ETH for payment.

You probably just hold them, that is a reason why it doesn't matter to you. Have you tried using BTC when the network is on heavy load? This usually happens during rise of the price of BTC. The fee during that time is totally unbearable to make smaller transaction. Like, if you want to get a quick confirmation you will have to be paying a lot of fee.
If you pay less, your transaction is going to take hours to confirm. That is when people prefer to use some other altcoins like LTC or ETH.

For smaller payments, you can use Ethereum or Litecoin, but now there is a solution built on Bitcoin - the Lightning Network, which provides super-fast payments. But, when you send millions of dollars, I would personally send BTC to the beneficiary because it is the most trusted crypto payment method that we currently have. Ethereum reversed transactions in the future - DAO.  ::)

to be honest I am not very expert in the field of blokchain especially in determining the exact time or number of sizes of each ETH / BTC coin. but I think for speed issues it seems that ETH is much faster than BTC in terms of payment.

Use the Lightning Network for BTC transaction and pay a FRACTION of the normal fee. Stakenet makes the Lightning Network easily available for anyone wanting to send/recieve/trade/and store in their Multi Currency Wallet with an inbuilt DEX.

You can trade instantly between BTC/LTC/XSN and other assets.

https://www.youtube.com/watch?v=wSNFhFBKmsc

Yeah of we look about how speed blockchain works is ETH win.
Because BTC is used old blockchain and ETH always update his system we can see ETH launching ETH 2.0 before.
But i really support BTC ever, because no one coin can compare with BTC, it is the mother of cryptocurrency and all coin here.

First of all, it totally not applicable to compare with any other crypto in the market now or in the future because bitcoin is an extraordinary project no matter how old you may think it blockchain system is and I'm sure if ETH was the crypto the governments against back then none of ETH enthusiast will still support ETH.
Second, the betterment of a project is not only about blockchain improvement but level of communities, investors, traders and miners support. Theres alot of project out there which claimed to have 6.0 and not supported.

I know the thread starter has posted in favour of Bitcoin as his choice for payment but if you try to make payments practically ethereum is much better, even today my btc payment is still pending after almost 5 hours while eth payment hardly takes 2 minutes or less, this is my own opinion but majority of people will share their experience here and we can conclude the result later on.

In this case if the speed of blockchain will determine how possible the merchants to create an instant transaction that will help them all to avoid the volatility. BTC is good for the commodity or as an investment but it's not good to be a payment system and ethereum is winning in this case

Waiting time or the transaction fee should be priority while making any payment.

I don't really think people won't priority for just few minutes but if it is money every cents counts so some people say ethereum is better but we need to know ethereum is cheaper and less used compared to bitcoin so if everyone thins ethereum is better payment option and start sending ethereum at a time which will clog the pool and will increase the fee as well.

I personally feel Litecoin is much better then Bitcoin and Ethereum but sadly its not working every where like bitcoin so where I able to use then I am going with Litecoin and where I feel I cannot go with this I am using Bitcoin as its also very important for all movements without any serious problem.

I know one thing that ethereum coin is better than butcoin, it is to invest with a low amount of capital. Because you cannot invest bitcoin with a minimum amount since your earning might not good as ethereum coin, even for 1 eth there is an assurance that you would earn profits. However the two top coins are very good to invest with in terms of its market volume. And also same top coins for a good to invest even for a long period of time.

I think ETH is in the middle. Maybe if someone wants a lighter, faster, and lower cost, they use LTC. And now everyone is talking, I don't remember ever using ETH for payment. I only use ETH to transfer tokens or deposits / withdrawals from my balance. Strange, I brought an sms online to verify the service and even though it costs $ 49, I use BTC as a payment, not ETH.

Yes, I used BTC when the fee was $2, but it rarely spikes like that. Typically it's just around $1 or less. The problem with ETH, it's cheaper but not as cheap and fast as XRP or XLM. So when I wanted to move funds between exchanges or wanted to gamble, I'd rather use XRP.

a $1 BTC fee compared to a $0.1 ETH fee (last time I checked) is not really tempting to store ETH for payment, considering the price volatility.

My point is if you want to make small transactions, ETH won't help you do that. Better use XRP or XLM.

I have tried using the three and you are right Litecoin get the top spot because of it's low fees and fast confirmation these three are the most popular in online wholesale and retail stores, there are other coins in consideration Nano is good and so are the others like XRP, but I guess tghis three are experimental for online stores.

for payment, I also sometimes use other payment alternatives. it's because of the lower fees. however, in the case of bitcoin and ethereum, most people prefer bitcoin. it's just that, personally, I chose ethereum as my transaction tool so far.

More scalability and more tx can be processed and that doesn't need a lot of time and the volatility can be avoided, as the result for this process and the sellers can secure their profit without worried about to get a loss even when they didn't hold their money. ETH is much better than bitcoin to be a payment system.

There are more crypto coins which have very low transaction fee or zero fee and fast transaction like XRP.LTC, Neo etc. But if choose in Ethereum and BTC for payment then I will choose Ethereum as it has fast transaction and low fee.

In my opinion, ETH is much better than BTC because eth is much faster and it has cheaper fees than bitcoin. But there are more altcoins that are more better in making payments like XRP, LTC, etc because they have more cheaper fees than ETH and BTC.

That's right, because everyone I think always needs both points, fast transaction and low fee. And if between Ethereum and Bitcoin, I think many people will choose Ethereum when making a transaction. I personally rarely use BTC when making transactions.

From transferring person to person ETH is much better because of its low fee and faster confirmation time on the chain. But when I transfer from exchange to exchange (only small amounts) I usually convert them to XRP before sending them because most exchanges have the lowest withdrawal fee on XRP.

I can't repeat it often enough, I recommend you to use Litecoin or Dogecoin for fast and above all cheap transactions!
I prefer Litecoin, it is also known as the 'Silver of Cryptos'.

At Litecoin I always ship with fees around 0,01$!

Name me a coin, except BTCitcoin, that has a similar reputation, at the same time every person that can use BTCitcoin, it is easy to use Litecoin also.
Because Litecoin is similar to BTCitcoin!

For daily use, especially if you do several transactions a day, BTCitcoin and Ethereum is simply too expensive for me... ;)

They are both good for payment the downside is bitcoin have higher fees and longer confirmation and ETH network sometimes will encounter network congestion and transaction with low gas will be stuck in the pending transaction, you should look for more alternative altcoin if you are going to put up a shop that accepts crypto. 

ETH network is faster than BTC, of ​​course you should not use low fee. If you use high fee, your transaction will be processed quickly. In contrast to Bitcoin, even though the fees used are high, I see the transactions in process still slow.

I think every crypto coin was build to solve a particular payment issue, so they are all unique on their own,in terms of payment,the blockchains are quite different, different terms of transaction fees etc. So you go for the one that will solve your problem for that period

But our main consideration when making payments is costs. here the lower the cost of course people will choose it. we all know that at the moment ethereum also costs are quite high. should if it is specified in the reverse payment. but the ethereum platform was not made for payments

yes of course transactions using cryptocurrency have a lot of very high security for conducting large-scale transactions because when using cryptocurrency all transactions are more open and anyone can see and record it too neatly. while for ethereum and bitcoin it would be better if you use coins that have a lot of supply because the price will be stable.

I nevered tried using Litecoin yet but i will try, I just only use Bitcoin and ETH on transaction , and i agree bitcoin had high fee than Ethreum but on the transaction speed sometimes it all depends because of network congestion. Sometime when i transfer it takes more time but i just wait it will arrive soon.

We can´t say that it is better because it is faster. We also need to look comprehensively at it. It is faster because the block time is only a few seconds, but more blocks you have, more data information is stored and that could be a problem in the future with decentralization. Only a few users will be able to download the whole blockchain and manage it :).

In my own opinion, when it comes to payment method, it is not always about which coin is better than the other; but instead the situation is situated towards what is preferably accepted by both the payment method issuer and the payer.

In my own opinion, i feel like etherum is the easiest mode of payment, alongside litecoin. I do not choose bitcoin first because it could delay transactions when there is a network clog.

Trading in Ethereum is always cheaper and done much faster than Bitcoin. It saves both time and money. I always use it myself and have also received testimony from such users. Yet I am not denying Bitcoin. Bitcoin cannot be compared to any other cryptocurrency. Bitcoin is said to be the king of all cryptocurrencies.

For small payments, you'd rather be choosing ETH between the two, its just convenient to use ETH with cheaper transaction fees than BTC. Save some dollars at least if the person on the other side isn't in the position to refuse ETH payment. As much as possible I'd like to save, I would even pick the cheapest like TRX or XRP if he accepts them as the confirmation is faster.

If the person on the other side will go explaining about irreversible and immutability then he is up to get BTC as the payment, I'd be sending BTC.

It doesn't make sense for merchants or vendor to accepts only Bitcoin, not all people will be convenient with Bitcoin, some will even prefer ripple or litecoin

Both BTC and ETH are better to use for payment,it depends on what is available to use in your wallet. But i always used ethereum because it has fast transaction and very low transaction fees compared to Bitcoin. Maybe the speed of transaction is depend on your area and internet connection.So,there is no problem about this two valuable digital currency because both are useful as payment method.

I usually use Bitcoin and ETH to pay my bills, but to be honest, when I use ETH to pay, I only spend a little time with it to complete the order. As for Bitcoin, I need to wait a bit longer, but it's not really significant

This is the main problem why it's not a good thing to use bitcoin as payment. Even if I have been putting a huge fee to broadcast my tx and that needs a lot of time to be confirmed by the block. If there was a merchants who wanna use bitcoin and it must use LN node.
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Bitcoin is the coin that decides this entire market and certainly has a huge impact. I think people will be more interested in investing when it comes to the crypto market because Bitcoin will undoubtedly be a coin that can bring a lot of profits to investors in the future. However, volatility is the reason for this market to be very risky, and you should carefully analyze before deciding to buy.

I think it depends on the level of shipping density, when Gwei goes up a few weeks ago when halving eth delivery and other tokens will be longer and more expensive.
so btc was faster at that time, but when gwei dropped alt speed and other tokens it was faster because it had fewer blocks.

Ethereum has a higher TPS than Bitcoin, but ether isn't designed to be a cryptocurrency. It's designed to be gas that powers the distributed computer behind the EVM.

Right now, Ethereum is more efficient as a means of payment, but that's more of a side effect than intentional.

Paying for things with Bitcoin is like paying with digital money, whereas paying for things with ETH is like paying with digital oil. It works, but it's not the right way of doing things.

It depends on which cryptocurrencies are allowed as a means of payment. If all cryptos are allowed, or at least the most popular ones, I prefer using either ETH or LTC. LTC for example has one of the lowest transactions fees yet it doesn't take hours for the transaction to pull through. The same goes for eth but at a slightly higher fee. I do use bitcoin for payment too even though the fees are quite high. Most people just accept payments in bitcoin only.

l prefer ETH better than BTC for payment, that is why as you know ETH needs a fewer fee for any transaction than BTC transaction. ETH  But in my mind, LTC is the best for the transaction and so faster. l think this difference will not change, ETH payment will always better than BTC.

I would use x42 personally, because of it's zero fee's and priority transactions. Just need to wait for more exchange to adopt so I can TX with it more.

At this stage is see Bitcoin more as a value storage. If I need to send payments from exchange to exchange is prefer to use dash. If dash is not available then i use eth but btc fees are most of the time rather expensive.

It was just based on my own speculation. Since I've been trying to cash-out little by little some of my Bitcoins incoming from external wallets, and it took me about 4-5 hours before I received it.

Depends on what you are paying for. If you are talking about dapp type of payments, it is just a metamask wallet browser extension away from you and you could click couple of buttons and it's done, so ETH is far easier and better and cheaper to pay for at that. However if we are talking about millions of dollars worth of corporate payment, definitely bitcoin.

So, there is a fine line between how much you are paying, if it is few cents it is eth, if it is few millions it is btc, the closer you get to each other you will find a place where it is neither better nor worse. For example, I would say when you want to pay 1000 dollars to something, that is not really that bad for either of them, you can do it on bitcoin or ethereum and would be around the same level of comfort for you.

talking about payment systems, ETH is much faster compared to BTC. but speaking of quality, BTC is far superior compared to ETH. so, use BTC & ETH depending on your needs, I often use ETH for payment fees because it's faster and the cost is not expensive.

Ethereum is better for payment than bitcoin because it's more faster but there are tons of faster altcoins out there that beats these two, if any merchant is looking forward to start accepting coins for payment of advice him or her to accept more than Bitcoin and Ethereum

Why do you speak about "tons of faster altcoins" when we discuss ETH and BTC only ? In which way ETH is faster? Set sat/byte amount to max and be surprised with the speed.

World know better Bitcoin than Ethereum so it is obvious that BTC is better. It is like comparing Dollar and Euro. First is used worldwide, while second mostly in Europe.

so far it's Ethereum I think it's better than Bitcoin, usually I always do transactions with ethereum and fees are also somewhat cheaper than Bitcoin, but lately it seems that ethereum fees are expensive, so for now Ethereum is not much different from bitcoin I think  :D

The same way I see things buddy, most of my  online transactions from the beginning are done with ethereum and not Bitcoin. Bitcoin has it advantage of double spending compare to ethereum, the most efficient among the cryptocurrency for online transactions is the litecoin which is far way faster than the Ethereum. The current issue of ethereum will be handle in their upgrade 2.0 including it scalability.

I do transactions through bitcoin and through ethereum, but at times the transaction price jumps up both there and there, but it was usually that through ethereum transactions were much cheaper, but now for almost 2 months it has become very expensive to make transactions through ethereum and this is a big problem.

Altcoins are test rats for developing bitcoin into more perfection hence you are encouraged to do payments anywhere you prefer but you are responsible all your actions but your experiences are being studied for future developments on bitcoin blockchain or around it or for both.

It has been a long suggestion to use ETH where you might need to do things on hurry. I do make use of waves for cheaper transactions yet fast confirmations. You may go for testing every coin for the reason of fast confirmation/low tx fee/bigger block size and etc but these cannot be impacting the growth rate of bitcoin's in any means. People usually worry about switching to other coins for their personal benefits but I believe no such coin could start stronger forever which means eth may lose its fame and top rank on coinmarket cap lists but bitcoin may remain stronger as usual. Because, no altocin is capable of sustaining and then remaining as a tough competitor for bitcoins.

I have not thought of this before. Mostly what I use for transaction is Bitcoin and I have only used Ethereum about five times using a Blockchain wallet. Ethereum is fast and the fee I had to pay for the transactions were cheap, worth around few cents, unlike bitcoin I pay transaction fees up to $2 and more, depending on the nature of the market as at the time I’m sending.

Ethereum is fast.
Ethereum is cheaper.

And that’s just it. There is really nothing else I know. But despite that I have still continued to make use of Bitcoin for my transactions. I am not seeing any big reasons to leave off bitcoins for my transactions because compared to paypal or western union, BTC transaction rates are still cheaper for cross border transactions.

When it comes to transaction fees (even in all exchanges), it absolutely BTC is considerable at high compared to ETH. Things that many traders are often to use ETH when they withdraw their money from a certain exchanger. And of course, I have to look into it and consider the thing in order to save some. To pay $2 with BTC compared to $1 equivalent to ETH, it is a big difference to see. But it gives me no choice to use Bitcoin than Ethereum because some establishments don't accept ETH but only Bitcoin.

You can't compare a coin with the block size. I believe that you can't find any coins from the coinmarketcap that coins transaction speed slower than Bitcoin. Some top coins are already used for payment methods. Fast coins are always good for fast payment methods. Popularity is bigger than any other process. Ethereum isn't a privacy coin!

Technically it's better for payments because block times are faster than BTC. That said, both are still pretty speculative assets so the number of practical payments usecases are low and it's 100x easier to pay with fiat.

most people do before making a transaction, they exchange bitcoin into ethereum because it provides a more efficient transaction cost. it's just that, after that, they exchanged ethereum back to bitcoin. Personally, I use ethereum for transactions because the withdrawal fee is less than bitcoin.

Bitcoin has already answer for the slow confirmation times and transaction fee problem which is the bitcoin lightning network, i don't see that much people utilize this thing, i seen few merchants who accepted lightning. I think most of the users are still not familiar with lighting, but that will increase in the future.

Certainly ETH will be preferred in payment, ETH transaction speed will be faster and its fee is also much cheaper than Bitcoin. Since 2019, I always use ETH to pay for my purchases

For me, it is better when I buy with bitcoin because of the transaction fee which is less than what will be charged if I'm making same transaction with bitcoin. Also the transaction speed is far better with minimal transaction cost. For merchant, bitcoin will be better because is more accepted and traded

both are also very unsupportive for a payment. BTC has expensive fees and longer transaction times. ETH also has problems because the network is often slow when there are many transactions. especially lately you can see fees also increasing from ethereum.
indeed it will be easier to use fiat. but maybe everything has to be updated. use of digital fiat money or with the same value as fiat money or perhaps the adoption of blockchain technology for world financial management.

most people can certainly compare to choose which type of coin has a low transaction fee that must be issued, and ETH can be an alternative solution if you have to choose between Bitcoin or Ethereum because the transaction costs incurred are lower than bitcoin. the average person prefers ETH over Bitcoin to make withdrawals, therefore before making a withdrawal, most people prefer to change bitcoin first into ethereum

Of course ETH is better than BTC for payment, if we look at the speed and cost of ETH transactions it is faster and cheaper.
Therefore many people  prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.

In my mind people who are using just BTC for payment are new in this world, that is why as you above mentioned BTC transaction is so expensive and instead of this method there are a lot of coins, with which you can make it so cheap. On the other hand if you can use only BTC for payment, it is just out of the question.

I wouldn't say that etherum is better, instead i think it depends on the merchant options. Tonight i visited a website, and the required crypto currency payment method is bitcoin and litecoin; while for other platforms, it is usually bitcoin, etherum and litecoin.

In my own opinion, i will prefer etherum, because irrespective of the traffic, it is usually faster when sent rightly.

I think not many people are familiar with eth transactions. Most noncrypto users will easily identify btc but with eth, they will be hesitant at first. But considering the fee and tx duration, somehow eth is better than btc. But if you will be using LN, LN is better. That is, if merchants are having this LN within their payment system. I really do hope that more merchants will include LN in their payment system, so as to break the issues of expensive fees when it comes bitcoin transactions.

I agree! ETH wins in this battle. The reason is that by making ETH transactions, it's faster and cheaper than BTC transactions due to the high trading volume. Personally, I prefer to use ETH in making transactions. However, in some particular circumstances that we can only pay by BTC (a lot of sites only offer BTC payments).

we all look for cheap fees when making transactions. between bitcoin and ethereum, I prefer to use ethereum because it has a smaller fee. but, some people still use bitcoin as a transaction tool for several reasons. however, there are still many sites that accept bitcoin as a means of payment.

When it comes to payments an average person would normally opt for a coin which has lesser transaction fees than the other.
When compared to bitcoin, ether has a lesser transaction fees which is why many say that ETH is better for payments.
I remember days back when bitcoin transaction fees was so that most people use other coins to initiate the transfer and then exchange them back to BTC just to save some bucks on the transaction fees. I have myself done this to save a few bucks. These days though, it doesn't really matter that much  ;D

both might be used. but there are constraints related to transaction costs and transaction speed that must be considered. BTC fees are more expensive for each transaction than ETH. but ETH also has a flax transaction and can make the transaction happen very long.

With 14 second per block you definitely need to wait less even if eth tx count will be higher

Yes, the transaction of Ethereum is more faster than Bitcoin. Btc takes much time than other crypto-currencies. I wil always try to exchange with ethereum, because it is more profitable for withdraw and getting ethereum in my wallet quickly.     

Transaction wise, I would also have to go with Eth. Given that it is available on most local wallets specially here in our country, it is really the most convenient way to transact online.

As long as the network is not getting clogged and ethereum is a good choice to be used as a payment system. I guess we need a network with enough scalability to make our payment can be delivered instantly
We must go to the LN node to be able to get a good experience with btc tx.

With the recent increase in the price of transaction fee for btc up to $3+ per transaction and how faster transfer of both the respective coin works, I think eth is better than btc for payment, speed and cost wise

Personally, In the past couple of months, I have preferred ETH payments to btc reason being that, the Ethereum blockchain is somewhat faster, cheaper, easier and more flexible when compared to the btc blockchain. However, recently, the Ethereum blockchain has been marred with several issues of congestion and higher fees making it quite frustrating to conduct business and transactions. This has led me to look only towards btc payments. Until things change, I will stay on btc payments.

I had a very bad experience with ETH a few months back which enabled me to absolutely stop dealing with Ethereum although later I realized that how it was done and what exactly happened was actually my lack of knowledge.

So, basically a guy paid me 0.5 ETH and the transaction was pending like normally and he told me that the eth network is clogged up and the confirmation will take a few hours and I never heard if eth transactions had any fees issues so I released him the bitcoins as it was a ETH to BTC trade.

After 15 mins I see the transaction was vanished and later found that how it was done was basically sending 0 eth to yourself cancels the previous unconfirmed transactions. I could not find any reason to call ethereum is a better payment than bitcoin's. Ethereum got the dapps feature but that also misused to ruin the altcoin industry's fame and nothing more.

Yeah, Ethereum transactions were faster and the fees were very cheap at that time but lately it became high transaction costs so this made me an obstacle in sending a lot while I tried to use btc smaller than ETH now somehow now it turned upside down like this .

Once I conducted an experiment, and for several Bitcoin transfers, the Firium set the minimum and maximum values ​​of the transaction price, at the same time at different time periods. As a result, the transaction on the Ethereum network once passed almost within 20 seconds, and at most I had to wait about 5 minutes. But on the Bitcoin network, the minimum time that I had to wait for the transfer of funds was 20 minutes, and the maximum was almost 35 hours. Based on this, I concluded that for me, Ethereum is more favorable and convenient for making payments.
It seems to me that for a simple user it will be beneficial to use ethereum in everyday life, but Bitcoin is better to use for large-scale transactions of funds between large companies, since Bitcoin still offers the whole process much faster than any banking sector.

Let's look from some perspectives, in terms of cryptocurrency payment I would prefer the ethereum payment gate way than tge bitcoin payment gate way because of their fees. In term of scalability, bitcoin has that  compare yo ethereum but the forthcoming upgrade will address those issues to make ethereum more scalable. Also, in terms of confirmation; ethereum has flaw like the early stage of Bitcoin which the team are working on.

That's true and another problem is for people like me who use bitcoins but when we gamble in websites like cloudbet they are charging around 0.0005 BTC per withdrawal as a transaction fees which I am not sure if they actually pay for the transaction but paying $5 for a small transaction say $35 is actually ridiculous and painful. So, ETH has been a nice addition on most websites including cloudbet and helps manage transaction fees problems.

For the people who deal big I would say bitcoins is still the ideal choice as they won't bother for a small amount of fees and talking of confirmation for ETH you have to wait for 6 confirms while Bitcoins are mostly accepted with 1 confirmation so the confirmation time I believe is not a major problem while transaction fees still is, at least for small transacting people like me.

I have been in the world of crypto for 4 years, and to be honest, I like Ethereum more than Bitcoin,
because Ethereum is faster in the transaction process and the fees are also fairly small,

Nothing beats bitcoin as far a payment solution is concerned. It is the most robust and secure payment solution. The issue of longer confirmation can be resolved with a second layer solution such as lighting network. ETH on the other hand leads when it comes to smart contracts, it also get congested sometimes, which is not an advantage over bitcoin

I'll prefer Ethereum for reasons like lower block time confirmation, lower fees, higher supply. I know Bitcoin has the upper hand when talking of scalability, but I'll go for Ethereum always.

Yes ETH is faster than BTC, and this is one point for it, but if the only parameter of evaluation is the velocity there are more fasters coins like LTC and NANO, nano is instant. I usually pay with nano my coffe in my office. We bought a coffe machine and for each coffe we pay 0.50$ in Nano !

good initiative to pay coffee in NANO, it is off-topic, but good

regarding ETH and BTC, ETH recently has more transactions than BTC; and cumulative fee is greater than in BTC, so one could tell that ETH is more used than BTC lately, is that because it is better and faster is another subject
what is more important, both are not primarily good for everyday payments and would need second layer for that - BTC with Lightning network and ETH with services like Loopring

for now it might be right because the fee to use btc is more expensive than using eth, for large transactions it might not matter but for small transactions like 10-50 $ it will feel heavy per transaction.

Sure, it looks better on paper, but what is the acceptance of ETH? Much lower than BTC.

When it comes to paying a BTC holder who wants to pay for something will have the following problem:
See something valued in BTC, exchange that value to ETH, send ETH to the seller, pay ETH fee.

Will it really be that much cheaper and faster than paying with BTC? Even if it will be the additional time needed for conversion and conversion fees will make it even.

In a nut shell, yes because considering the speed and time it takes for transactions to confirm on bitcoin network and that of Ethereum network the latter will definitely serve as a better payment method than the former. The scalability of Ethereum network exceeds that of Bitcoin.

I agree with the convenience of ETH payments over BTC. In addition to the pros mentioned above, ETH is also less volatile in my opinion so in the future the payments that may now seem insignificant I expect to not be on a completely different scale, and in this regard I consider ETH payments much safer over BTC.

maybe due to the fact that most of payment processor out there that usually don't seem too familiar with crypto only accepts btc though if many ecommerce using payment API from the big companies like coinbase big chance they'll get all the other altcoins as a payment processor bundled altogether. at the end of the day it's just matter of preference and some people also dont have problem with "a little higher fee or longer confirmation"

Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.

+1 on this mate because i have tried this several time (and most of them are when the market is congested like last March)

Bitcoin is way better if the transaction are consistent,but this won't guarantee users thats why there is an option and that is ethereum.

Yet People still don't realize this,or maybe they are just blinded by many good things says regarding bitcoin that is why their loyalty remains even the truth is already uncovered .

I agree more, ethereum is faster and the fees were not that high compared to btc. We can see the specks and differentation of their techncial aspect when it comes to speed and size. My only concern is if eth already move on pos will it affect the transaction and scalability? I mean will it improve or just be worse? Miners will probably get sad when this time happened.

In my opinion, it is depends on how much the transaction fee is given because if the transaction fee is much higher the transaction will be much faster but if we talk about comparing the eth to btc payment, I guess eth is much faster than bitcoin when it comes to payment because it takes 14 seconds per transaction while btc takes 10 minutes or more but we must appreciate both of it because every coin has a different fields so it would be better to not compare any but to appreciate it.

Yeah, that's true and that is the reason I am doing most of my possible transactions with Tron now a days because Tron has basically no fees on transactions and confirmations are just amazingly fast. I am not into technical analysis or anything but the coin I see more benefits I usually go with those for my transactions regarding trading and gambling. Bitcoin is the all time favorite without a doubt but having an additional coin always helps in managing transaction fees and confirmation timing.

Yeah and now a days ETH is almost as famous as BTC so we don't have to work any harder to have the problem of availability, anyone who accepts BTC almost also accepts ETH, XRP and few other altcoins including dogecoins especially when you check crypto gambling houses. I choose dogecoins for my gambling as provides me the opportunity of enjoying gambling for lesser expensive.

In some cases, I prefer to transfer money with Bitcoin, although in some cases the other transfers with more mining fees. Of course, I am not even looking at the details of the block sizes of the processes, not being able to get stuck in many technical details. If I need to give some other advice other than cryptocurrencies compared within the subject, I can recommend using TRX as both speed and transfer fee is easy and convenient. The reason I recommend using TRX is because it is fast as I mentioned and it is possible to transfer with almost no transfer fees.

Lately, there was a rumor last month that Ethereum fees/gas are greater than the fee of Bitcoin, or greater than the value sent. I don't know what exactly happens to Ethereum, here (https://bitcointalk.org/index.php?topic=5259893). Everyone excited the result of 2.0 volume of Ethereum when it is upgraded and transfer into a new network, called POW.

Probably, I stick always to Bitcoin than the Ethereum though the changes of Ethereum nearly came, I don't know what volume 2.0 has of Ethereum when it is successfully upgraded.

Why would the miners get sad! I think there will be higher rewards for the miners for their work and less for the people who are staking the Ethers. I guess this hybrid system is actually going to help increase the price of ethereum as it will give power to mine ethers to both the parties, the miners as well as the whales who will be staking their ethers. So I don't think that there would be any affect on the transaction and scalability of ethereum after the introduction of POS. Moreover I think that it will be improved by the POS going on along with POW.

I will go for Eth because transaction fee is always low, transaction speed aswell needs to be considered in which also goes to Eth, so for anybody sending out payment, Is better to use Eth than BTC.

The main concern was on the scalability but it looks like it must be compared with the bitcoin lightning network as it is much faster for bitcoin to receive or send any transaction into the network.
I guess ethereum is a winner in this case.

yes, it seems like it's common knowledge that besides speed, ethereum fees are also cheaper than bitcoin. between bitcoin and ethereum, traders may prefer to use ethereum to save fees. actually there are some other altcoins that have smaller fees, it's just that I think for ethereum is good enough.

Same as me. I think between BTC and ETH. I would prefer using ETH to make transactions because of its lower fee. Also, I think a lot of traders do the same as well. You're right that the speed of making an ETH transaction is faster than a BTC transaction. Those are the advantages that we can clearly see. There are a lot of coins which has smaller fees however they are not as trustworthy as ETH.

Even if we realize the fact that eth has lower fees currently and is 100x IMO more useful that bitcoin it still has some scalability issues that could make the fees very undesirable. There are some solutions to be proposed to fix this issue being implemented now and in the future so until something better comes along ETH is #1 for user experience and the onboarding of potential mainstream adoption through DEFI and DAPPS.

I agree with you. Using ETH will be faster and very cheap so generally, you will not have to spend too much time waiting. In addition, there are still plenty of other options for everyone at this time because coins like Ripple, BCH, LTC are all very popular and can completely outperform ETH. However, there are still not many countries using these coins for payment and it will probably take a few more years for everyone to know.

ETH and BTC are two big places in the cryptocurrency market. ETH and BTC The cryptocurrency current cannot be thought of without him. It is very easy to make payment through these two. I wish these two platforms well.

Ethereum and Bitcoin are both good cryptocurrencies and top coins in the market, but when it comes to making transactions ETH is way better than bitcoin because ETH is much faster and cheaper in making transactions. Unlike Bitcoin, it has high fees and it takes so long to make transactions due to it's increasing of supply and demand.

As long as the network is not getting clogged and it will always on the low fees to create a transaction but you should remember ethereum chain has a limit and it can be clogged anytime when there was a lot of traffic on the blockchain.

I personally consider the cost of using ETH or BTC very large. I have never even done a payment transaction using ETH or BTC, because I prefer to use stable coins like USDT or USDC for payments. This is from my personal experience, and therefore never use ETH or BTC in a payment.

That actually also depends on which platform we are using it on. Some platforms set their own gas pricing that can either make our transactions faster or be in a normal speed but not that long. Gas prices are specifically made to whether we want our transactions to be prioritized in the blocks creating our transaction. Using ETH was faster based on my experience when doing transactions internationally. The travel time of Bitcoin is somewhat slower and sometimes it comes fast so I guess i'm picking ETH over BTC.