Crypto faster & cheaper?

[gusnulyadi]

true,because the cripto transaction does not involve a third party (bank or bank bookbook) so the process is faster, and cheaper because it does not involve the people of the bank which of course it cuts the transaction costs.

[keping1]

basically use which you think can be profitable

[TheGodFather]

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

Well I guess that as a whole and in general cryptocurrencies are a much more faster and reliable way than what we have available in our paper money. However if you are asking for a cryptocurrency that can provide you with both of that luxury then I’m afraid that it would be entirely your call. Some would prefer bitcoin over anything else aside from its high fees due to its popularity while some would argue and have a point in ethereum with it smart capability and technology

[melonbtchunter]

I think that cryptocurrency is fast and cheap. Bitcoin influences the market. Now Bitcoin is changing more and its promotion and the world are being developed. There has been considerable change in the transaction system, safety measures and wallet conservation etc. I think it will turn into a more advanced, cheaper and popular currency of the world in the future.

[dancingnancy]

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

Crypto still has a long way to go. Initially starting with btc and a few alts, today the concept of crypto has revolutionized tye way od e trading. Making it much more secure and faster by not having to deal with middlemen. Despite all the negativity from certain groups of banks and people it will continue to grow.

[icomap24]

Bitcoin is changing the market and the world around us. Bitcoin gave us an additional degree of freedom.  We ourselves can decide what currency, fiat or crypto to use and how to make transactions. The world will not to be the same as before bitcoin and blockchain.

[Yarsk]

What I have noticed in recent time is that once the Price of bitcoin move above $11000 the transactions fees will start going higher then expected and the speed of transactions becomes so slow. Even in the other altcoins is the same it always get to a point where the transactions fees becomes high and with slow speed also it all depends on the amount of users trying to carry out transactions at a time.

[Blockfolioz]

In comparison with different other transaction accessibility bitcoin provides the best service with the much reduced fee. Another thing is that it can be reached anywhere around the globe where there is an active internet connectivity. The same is not possible with other forms of transaction which requires service points to make the transaction successful.

[cizatext]

It has almost become a tradition in bitcoin market that once the Price go above $12000 the fee start going high I don't know what is the course of that and at that point transactions becomes slow and we will start witnessing a lot of unconfirmed transactions in the system, so it is with other altcoins also .

[player514]

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

The thing is that this could be the reason that Bitcoin isn't the coin that lasts. That's what makes the altcoins so interesting to people -- they realize that it's a possibility that Bitcoin ends up having super high fees and slow transactions, so people will swap to a different coin. As of now, I don't think we're at that phase of understanding -- people just invest into what they like, they don't do much research (at least the general population, not those who are pretty versed in these investments). When the time comes, if Bitcoin doesn't work out its small kinks, people will switch around.

[ardani332]

yes i think crypto is faster & cheaper because i'm usually use cryptocoin for transaction like BTG, LTC, ETH, doge. so i got cheap fee with this way.

[Hairpin]

Crypto really, is a more efficient payment system. Plus the decentralized technology behind bitcoin will be used for many new things including accounting, medical records, insurance and more

[Indrawan77]

If we are talking about currency it is still easier to used fiat, but if we are talking about investment, crypto currencies still better than fiat, the investment value could go up really quick, and if we are talking abiut global transaction crypto currencies still better than fiat, bitcoin now has become better the fee has reduced and the speed has increased, so i think if in the future crypto offered a great speed  transaction and low fee, we can used crypto in our daily life, it will be great to see people can choose either fiat or crypto for payment

[vickybitcoin]

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

For user of payment via bitcoin this might be a down point for the high fees but the security of bitcoin is formidable compared to other cryptocurrencies. Litecoin, ethereum and other altcoins has lesser profits compared to bitcoin that could double in just a matter of minutes..

[hujanderas]

I think that cryptocurrency is faster and cheaper. In the market affects bitcoin in a good way, because now developers see the need for change now they see how they should change according to the market.

[bitmover]

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

If you just care about faster and low fee, why don't you use Visa? Maybe you don't need a cryptocurrency.

Every zero fees cryptocurrency is centralized (nano, iota, etc)

ANd now bitcoin fees are almost the same as ethereum fees. If you use segwit.

[Dudeperfect]

Yes, decentralized cryptocoins have comparatively higher fees as compared to that of centralized coins but again, why would someone use centralized coins if there is no freedom in using it. I have use XRP too and it is the fastest way to remit funds but it is not decentralized so the government can anyway control it by pressurizing the issuing company. So we have the freedom at a comparatively higher cost, on the other hand, there is a choice to lose that freedom for saving the cost of the transaction.

[ismelda_ita]

yes, even so, people still trust and store bitcoin. although bitcoin transfer costs are higher. I do not know why but this is the reality. bitcoin remains popular although many other coins have an advantage over bitcoin.

[Bitcoincole]

yes, even so, people still trust and store bitcoin. although bitcoin transfer costs are higher. I do not know why but this is the reality. bitcoin remains popular although many other coins have an advantage over bitcoin.

Fees varies depending on the coin you are using. Bitcoin on the other hand cost higher fees but in return it is also giving bigger profit since its value is way more expensive than other crypto currencies. We all have a choice whichever coin we think we earn more but for me I will always go with bitcoin despite of whatever fees involved.

[ylapkzhl]

I think the high cost of bitcoin and the speed of transfer will be solved in the recent years. We are very much looking forward to the launch of the lightning network. I also believe that more altcoin can be used by everyone.