Is ETH better than BTC for payment?

[DarkDays]

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.

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[nelson4lov]

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.

[StephenJH]

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.

[MudDev]

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.

[Pumuckel21]

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.

[KenshinKen]

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.

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.

[beerlover]

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.

[ameliana]

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.

[Ryushin]

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

[Erumo]

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.

[Smitty Werben Man Jensen]

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 

[XCANA]

Eth is way faster than btc, of course but you can use both depending o  your preference. Use btc if you're not in a hurry 😁

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.

[trauchot]

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.

[FanEagle]

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.

[coinfinger]

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.

[Yamifoud]

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.

[jajorforce]

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.

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!

[bitfolio_dot_io]

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.

[Republikcoin.com]

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.

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.

[Script3d]

In my opinion, the handling of tx is better than ETH, but if the payment is I think it is better ETH than BTC, because ETH has lower shipping fees than BTC.

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.

I agree with you, that in terms of the ETH payment system it is indeed better than BTC, moreover, the delivery is faster and the shipping costs for sellers are also lower.

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.