Transacting in Litecoin or Etherium?

[BreathOfZen]

Hello all,
I was looking to resume sales of various collectibles, but am very uncomfortable with relying on Bitcoin for transactions due to the lag and cost involved. Are people on these boards interested in using either Litecoin or Etherium to buy things as well?

[Iranus]

It's impossible to generalise with these things.

All I would do is offer to accept Bitcoin, Litecoin or Ethereum and specify a USD price based on a certain site to protect against volatility.

When someone offers to pay in Bitcoin, ask if they're willing to pay in Litecoin/ETH and if not, accept payment in Bitcoin.

You're much less likely to sell it accepting only altcoins, since the fees of sending Bitcoin to an exchange, converting currency and then sending is much higher than the fees of just sending Bitcoin.  Not everyone holds altcoins already, me included.

[Kevin77]

Hello all,
I was looking to resume sales of various collectibles, but am very uncomfortable with relying on Bitcoin for transactions due to the lag and cost involved. Are people on these boards interested in using either Litecoin or Etherium to buy things as well?

There will not be any guarantee that there will be enough people for your business with altcoin payments. I agree we need to wait long for confirmations with bitcoin payments. But when you will be ready to pay higher fees, there will not be any problems. I guess you may plan to add more payment options for you business along with bitcoin payments.

It is always good to have more choices, so I suggest you to add new payment options but do not remove bitcoin payment options. Moreover, in quick time we are going to have segwit implemented then we do not need to face the problems of higher fees/long confirmation delays.

[PremiumCodeX]

No need to repeat what members commented above me and I would welcome collectibles for altcoins like Litecoin and Ethereum, especially in Ethereum since I usually have funds in them.

However, calculate into your price that I prefer to pay in a coin that has an actual bump 

[Gorgonio]

I'm doing the same thing with you，Obvious Ethereum would be better

[raven7886]

I'm doing the same thing with you，Obvious Ethereum would be better

Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.

[ViceOfBTC21]

I'm doing the same thing with you，Obvious Ethereum would be better

Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.

You should accept both Bitcoin and Ethereum though Ethereum is not a coin but platform on which you can build contracts. Accept also Litecoin though it isn't as popular as was years ago.

[Yuhee]

I'm doing the same thing with you，Obvious Ethereum would be better

Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.

You should accept both Bitcoin and Ethereum though Ethereum is not a coin but platform on which you can build contracts. Accept also Litecoin though it isn't as popular as was years ago.

A lot of important are now investing in Ethereum let alone btc that has countries investing in it. Ethereum recently has a high price increase rate so i think it is gaining a lot of attention and trust to some investors. altough i would agree that litecoin now is on a low profile but in terms also of increase rate it has a positive mark during the past days but not close enough to its highest peek.

[betlord90]

I'm doing the same thing with you，Obvious Ethereum would be better

Are you sure that you are getting more business just due to adopting Ethereum payments for your venture ? I am asking this because there will be no enough awareness on different altcoins among common people so they will be switching over to new payments system after finding bitcoin payments is relatively slow and expensive.

If is it really happening for the improvement of business, then we can go it without any hesitations. But I hope people will keep bitcoin payments also as another options.

You should accept both Bitcoin and Ethereum though Ethereum is not a coin but platform on which you can build contracts. Accept also Litecoin though it isn't as popular as was years ago.

A lot of important are now investing in Ethereum let alone btc that has countries investing in it. Ethereum recently has a high price increase rate so i think it is gaining a lot of attention and trust to some investors. altough i would agree that litecoin now is on a low profile but in terms also of increase rate it has a positive mark during the past days but not close enough to its highest peek.

Ethereum are quitely popular nowadays and theirs no doubt on its huge adoption that will occur on it in future since mostly it was been the most outrageous coin among other alts who competing bitcoins right now and it gets positive repsonse right now due to its outstanding price rice happening right now. But for Litecoin well i cannot guarantee anybody to put their trust 100% on it since we know litecoin is little more strugling to risen up himself and surely people will just think that this coin is just an alternative for their coin to be traded  with.

[dihari]

When you start dealing any transactions using altcoins, especially Ethereum all people here will follow your rules with no doubt. No one can argue with popularity of Ethereum with all the advantages, fast, easy, low fee etc.
I think people on this board is welcoming any future and various payments for easy transactions.

[lllaqpt]

When you start dealing any transactions using altcoins, especially Ethereum all people here will follow your rules with no doubt. No one can argue with popularity of Ethereum with all the advantages, fast, easy, low fee etc.
I think people on this board is welcoming any future and various payments for easy transactions.

Everybody wants easy transactions, but this issue has not yet been resolved. I have heard a lot about the fact that some holders of crypto currency prefer to use alternate currencies in order to avoid long transactions.

[KennyR]

Recently a large user base turned towards the ethereum for all the transaction requirement as the value increased along with the faster confirmation with less fee than bitcoin. Now the volatility over ethereum is found high and the value decline would happen any time because of bitcoin price drop. This has made people come back to bitcoin..

[lionheart78]

I agree to the early replies that it would be better to have multiple option in terms of payments.  This way you can cater different altcoin community in your store.   Instead of choosing one of many altcoins try to cater as many mode of payment as you can.  In business world, it is always good to have a wide range of target customer.

[Yutikas_11920]

Hmm, indeed some time now this bitcoin experienced quite a long transaction level. So all of that can make us lose some of the funds or the opportunity to gain a greater advantage, but indeed this is a concern because it is based on a system that exceeds the charge so that the system now is going very heavily. For transactions using other currencies, I prefer to ethereum. Because the Eth has almost the same opportunity with bitcoin
 

[TheButterZone]

I wonder how long this would take (if the receiver ultimately only wants BTC, rather than take altcoins directly from you, you have them converted to their BTC address): https://www.coinpayments.net/supported-coins-convert-XRP-BTC

[arpon11]

Hello all,
I was looking to resume sales of various collectibles, but am very uncomfortable with relying on Bitcoin for transactions due to the lag and cost involved. Are people on these boards interested in using either Litecoin or Etherium to buy things as well?

for me I will be happy buying things in litecoin as I hold value in it. You can really succeed in your business idea if you really have a long term investment views. Most of the coins are still at the infancy stage and many people may not patronising you from beginning as they may not have litecoin or Ethereum to buy with.

[chineseprancing]

Of course Ethereum even though the price of litecoin were started to raised up, I think it was for mean time not for long time. Not like ethereum that price until now were steady and ready to raised up any time.

[reflector]

Of course Ethereum even though the price of litecoin were started to raised up, I think it was for mean time not for long time. Not like ethereum that price until now were steady and ready to raised up any time.

Etherum and litecoin seems to be promoting at many places in the forum apart from altcoin discussion section. In price wise also growth much faster than bitcoin. Yesterday only I noticed that Coinbase wallet implementing ETH and Litecoin account in one wallet. Whatever i expect bitcoin to be in top not altcoins.

[AjithBtc]

Recently when the price of bitcoin went higher people have started to hold ethereum along with bitcoin. This has helped people to use ethereum for the transaction purpose due to the faster​ confirmation than bitcoin.

[johnwest]

Recently when the price of bitcoin went higher people have started to hold ethereum along with bitcoin. This has helped people to use ethereum for the transaction purpose due to the faster​ confirmation than bitcoin.

The problem with the delay in the transactions and higher fees are making people move on to altcoins, especially ETH and LTC. But most of them never reduced their BTC stash. Even ETH and LTC are growing gradually and there is a hype going around as hard fork is on the corner.