Is ETH better than BTC for payment?

[DDante]

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.

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[BobBct]

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.

[torrantz]

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.

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

[FairUser]

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.

[cheezcarls]

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.

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.

[XCANA]

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.

[Saisher]

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.

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.

[sempak]

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

[killerfrost]

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

[Davian144]

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.

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.

[Vishnu.Reang]

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.

[cryptothreads]

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.

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.

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.

[Thomas-s]

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

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

[KenshinKen]

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?

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.

[ethereumhunter]

I feel that ethereum is not suited for payment

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.

[rahmatullah9305]

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.

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.

[kindbtc]

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.

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.

[masterrex]

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. 

[sayulita]

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.

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.

[yohananaomi]

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.

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.

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.