Crypto faster & cheaper?

[Pan Troglodytes]

I am surprise to here people complain about transaction fee in bitcoin. There is a saying that nothing is free on earth, even in a place called freetown nothing is free. Your transaction will be confirm by miners and it is the miners that will receive that your transaction fee.

The problem is when the fee for a 4USD transaction (buying a coffe cup) is 100USD, and we have seen that in December last year. It simply prevents the use of Bitcoin as "peer to peer electronic cash" and wasn't it the initial idea behind its creation?

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[De4ted]

crypto is indeed fatster and cheap!!

[Dexion]

expensive fees and a long time for a transaction is one aspect that should be fixed, so we will be comfortable using it.

I think lightning network can help our transactions, and I will always choose bitcoin than other altcoins.

bitcoin is a part of my life.

[Wesley Gardner]

The fastest AND most inexpensive CryptoCurrency is Ripple. (4 second transactions costing 0.0007 USD).

Not sure why everyone is recommending random coins that don't answer the question when Ripple statistically is the best performance wise.

[Adam Waters]

Just found another super fast transaction speed (can compare with Ripple). This is Stellar Lumens (XLM). 3-5 second confirmation time Supports thousands of transactions per second
Some other compare if you need: Ripple - 3-5 second ledger closes Ethereum - 15 second block times Litecoin - 2.5 minute block times Bitcoin - 10 minute block times

[ekeh]

That is Crypto industrial for you, i have been observing that, in time of price difference in value from the factory price, which is very cheap and even when it has listed on exchange, but movement to moon was on predictable in Crypto currency price in time coming.

[santosummer]

That is Crypto industrial for you, i have been observing that, in time of price difference in value from the factory price, which is very cheap and even when it has listed on exchange, but movement to moon was on predictable in Crypto currency price in time coming.

Each coin starts at different times and values. Its value is decided by the community of users and investors on the market. Utility - the quality of the product helps its value move faster and vice versa.
Predictable value is only reference and depends on many factors for value to the moon.

[rolleth.io]

While bitcoin is the most common currency, and the most expensive, everyone wants to own it first, and then buy alternative currencies.

[ParveZ219]

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.

There are two types of coins bitcoin and altcoins...The other cryptocurrency except bitcoin are altcoin...I generally use bitcoin but once i used litecoin and dash for transaction which is having too low transaction fees and even time is also too much less... Normal people use flat currency only ...The people who want to get rich or having interest in crypto they only use crypto.

[KIKI.loi]

it is true, the transaction in altcoin is very fast and cheap. but all transaction costs are based on the altcoin price itself. the higher the auto atlcoin price the transaction cost will go up equally with bitcoin.

[irsykes]

I am surprise to here people complain about transaction fee in bitcoin. There is a saying that nothing is free on earth, even in a place called freetown nothing is free. Your transaction will be confirm by miners and it is the miners that will receive that your transaction fee.

i think people complain because they don't know if bitcoin fee actually is almost same but because of high price, it look expensive too. they don't see if their investment is grow up too with high bitcoin price

[crossabdd]

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.

transaction fees from bitcoin become expensive due to an increase in the fiat currency pair. if calculated using crypto currency, it does not change. but if judged using fiat currency. it gets really big. you are right, now a lot of options to make shipping transactions or payments at cheap cost from bitcoin. but that is all the growth of bitcoin technology. so it will always maximize all transactions and in minimize all fees.

[manustroll]

Nano definitely is, can't say the same about Ethereum at the moment, it's bloated as fck :/

[kamoto]

Yes, in the future it will be exactly like this. The account is cheaper ... not at the moment, because there are transactions that can take a very large commission ... especially if the system is overloaded. Yes, and at the expense of faster, too, everything is not so unambiguous, because there are failures in transactions ... in general, at the moment the technology is not properly established. However, in the future this should be corrected

[Minerall]

Cryptocurrency is faster but it is not cheaper. Normal middle class person cannot afford this business. It is said to be faster as compare to rest of others. Among all cryptocurrency Bitcoin is faster and have high rates. So we suggest you to invest your money in this currency.

[Sama517]

It is quite true that Bitcoin is not as fast as some other cryptos in payments. But it is mainly due to the many transactions that goes on with it at the same time. Maybe with time, other cryptos will have greater attention.

[PedroSuketteki]

I believe it

[Ozero]

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.

All that you have written here indicates that if bitcoin is not improved, it is unlikely that it will be widely used as a means of payment. It will be simply unprofitable. People will switch to using other, cheaper transactions and more convenient crypto currency.

[kyledavid]

definitely cryptocurrency is cheaper during ICO because once you buy it you will get chance to earn profit so fast . price will pump in just a short time still it always depends on the holders and the investor who bought the token . price of token depends on the community and the team itself if they really work hard on developing and marketing the project

[mamarried]

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.

I think that the price of transactions for bitcoin will be less. It helps to earn more. I think that in the future bitcoin can become the fastest and more cheapest! Transaction fee is one of the things that we need to improve in the first place.