Is ETH better than BTC for payment?

[Spaffin]

Once I conducted an experiment, and for several Bitcoin transfers, the Firium set the minimum and maximum values ​​of the transaction price, at the same time at different time periods. As a result, the transaction on the Ethereum network once passed almost within 20 seconds, and at most I had to wait about 5 minutes. But on the Bitcoin network, the minimum time that I had to wait for the transfer of funds was 20 minutes, and the maximum was almost 35 hours. Based on this, I concluded that for me, Ethereum is more favorable and convenient for making payments.
It seems to me that for a simple user it will be beneficial to use ethereum in everyday life, but Bitcoin is better to use for large-scale transactions of funds between large companies, since Bitcoin still offers the whole process much faster than any banking sector.

[Sebas.tian]

Let's look from some perspectives, in terms of cryptocurrency payment I would prefer the ethereum payment gate way than tge bitcoin payment gate way because of their fees. In term of scalability, bitcoin has that  compare yo ethereum but the forthcoming upgrade will address those issues to make ethereum more scalable. Also, in terms of confirmation; ethereum has flaw like the early stage of Bitcoin which the team are working on.

[TheGreatPython]

With the recent increase in the price of transaction fee for btc up to $3+ per transaction and how faster transfer of both the respective coin works, I think eth is better than btc for payment, speed and cost wise

That's true and another problem is for people like me who use bitcoins but when we gamble in websites like cloudbet they are charging around 0.0005 BTC per withdrawal as a transaction fees which I am not sure if they actually pay for the transaction but paying $5 for a small transaction say $35 is actually ridiculous and painful. So, ETH has been a nice addition on most websites including cloudbet and helps manage transaction fees problems.

For the people who deal big I would say bitcoins is still the ideal choice as they won't bother for a small amount of fees and talking of confirmation for ETH you have to wait for 6 confirms while Bitcoins are mostly accepted with 1 confirmation so the confirmation time I believe is not a major problem while transaction fees still is, at least for small transacting people like me.

[Smitty Werben Man Jensen]

I have been in the world of crypto for 4 years, and to be honest, I like Ethereum more than Bitcoin,
because Ethereum is faster in the transaction process and the fees are also fairly small,

[sandra_x]

Nothing beats bitcoin as far a payment solution is concerned. It is the most robust and secure payment solution. The issue of longer confirmation can be resolved with a second layer solution such as lighting network. ETH on the other hand leads when it comes to smart contracts, it also get congested sometimes, which is not an advantage over bitcoin

[OptimusPrime_3]

I'll prefer Ethereum for reasons like lower block time confirmation, lower fees, higher supply. I know Bitcoin has the upper hand when talking of scalability, but I'll go for Ethereum always.

[giammangiato]

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.

Yes ETH is faster than BTC, and this is one point for it, but if the only parameter of evaluation is the velocity there are more fasters coins like LTC and NANO, nano is instant. I usually pay with nano my coffe in my office. We bought a coffe machine and for each coffe we pay 0.50$ in Nano !

[casperBGD]

Yes ETH is faster than BTC, and this is one point for it, but if the only parameter of evaluation is the velocity there are more fasters coins like LTC and NANO, nano is instant. I usually pay with nano my coffe in my office. We bought a coffe machine and for each coffe we pay 0.50$ in Nano !

good initiative to pay coffee in NANO, it is off-topic, but good

regarding ETH and BTC, ETH recently has more transactions than BTC; and cumulative fee is greater than in BTC, so one could tell that ETH is more used than BTC lately, is that because it is better and faster is another subject
what is more important, both are not primarily good for everyday payments and would need second layer for that - BTC with Lightning network and ETH with services like Loopring

[slashz9]

for now it might be right because the fee to use btc is more expensive than using eth, for large transactions it might not matter but for small transactions like 10-50 $ it will feel heavy per transaction.

[pixie85]

for now it might be right because the fee to use btc is more expensive than using eth, for large transactions it might not matter but for small transactions like 10-50 $ it will feel heavy per transaction.

Sure, it looks better on paper, but what is the acceptance of ETH? Much lower than BTC.

When it comes to paying a BTC holder who wants to pay for something will have the following problem:
See something valued in BTC, exchange that value to ETH, send ETH to the seller, pay ETH fee.

Will it really be that much cheaper and faster than paying with BTC? Even if it will be the additional time needed for conversion and conversion fees will make it even.

[joinfree]

In a nut shell, yes because considering the speed and time it takes for transactions to confirm on bitcoin network and that of Ethereum network the latter will definitely serve as a better payment method than the former. The scalability of Ethereum network exceeds that of Bitcoin.

[rexxarofmoknathal]

Yes, the transaction of Ethereum is more faster than Bitcoin. Btc takes much time than other crypto-currencies. I wil always try to exchange with ethereum, because it is more profitable for withdraw and getting ethereum in my wallet quickly.     

I agree with the convenience of ETH payments over BTC. In addition to the pros mentioned above, ETH is also less volatile in my opinion so in the future the payments that may now seem insignificant I expect to not be on a completely different scale, and in this regard I consider ETH payments much safer over BTC.

[omnik]

I personally feel Litecoin is much better then Bitcoin and Ethereum but sadly its not working every where like bitcoin so where I able to use then I am going with Litecoin and where I feel I cannot go with this I am using Bitcoin as its also very important for all movements without any serious problem.

for payment, I also sometimes use other payment alternatives. it's because of the lower fees. however, in the case of bitcoin and ethereum, most people prefer bitcoin. it's just that, personally, I chose ethereum as my transaction tool so far.

Transaction wise, I would also have to go with Eth. Given that it is available on most local wallets specially here in our country, it is really the most convenient way to transact online.

maybe due to the fact that most of payment processor out there that usually don't seem too familiar with crypto only accepts btc though if many ecommerce using payment API from the big companies like coinbase big chance they'll get all the other altcoins as a payment processor bundled altogether. at the end of the day it's just matter of preference and some people also dont have problem with "a little higher fee or longer confirmation"

[IamAltcoinfan]

Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.

[btc78]

Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.

+1 on this mate because i have tried this several time (and most of them are when the market is congested like last March)

Bitcoin is way better if the transaction are consistent,but this won't guarantee users thats why there is an option and that is ethereum.

In a nut shell, yes because considering the speed and time it takes for transactions to confirm on bitcoin network and that of Ethereum network the latter will definitely serve as a better payment method than the former. The scalability of Ethereum network exceeds that of Bitcoin.

Yet People still don't realize this,or maybe they are just blinded by many good things says regarding bitcoin that is why their loyalty remains even the truth is already uncovered .

[bgaf]

Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.

I agree more, ethereum is faster and the fees were not that high compared to btc. We can see the specks and differentation of their techncial aspect when it comes to speed and size. My only concern is if eth already move on pos will it affect the transaction and scalability? I mean will it improve or just be worse? Miners will probably get sad when this time happened.

[posporo]

In my opinion, it is depends on how much the transaction fee is given because if the transaction fee is much higher the transaction will be much faster but if we talk about comparing the eth to btc payment, I guess eth is much faster than bitcoin when it comes to payment because it takes 14 seconds per transaction while btc takes 10 minutes or more but we must appreciate both of it because every coin has a different fields so it would be better to not compare any but to appreciate it.

[coinfinger]

Yes, the transaction of Ethereum is more faster than Bitcoin. Btc takes much time than other crypto-currencies. I wil always try to exchange with ethereum, because it is more profitable for withdraw and getting ethereum in my wallet quickly.     

Yeah, that's true and that is the reason I am doing most of my possible transactions with Tron now a days because Tron has basically no fees on transactions and confirmations are just amazingly fast. I am not into technical analysis or anything but the coin I see more benefits I usually go with those for my transactions regarding trading and gambling. Bitcoin is the all time favorite without a doubt but having an additional coin always helps in managing transaction fees and confirmation timing.

Transaction wise, I would also have to go with Eth. Given that it is available on most local wallets specially here in our country, it is really the most convenient way to transact online.

Yeah and now a days ETH is almost as famous as BTC so we don't have to work any harder to have the problem of availability, anyone who accepts BTC almost also accepts ETH, XRP and few other altcoins including dogecoins especially when you check crypto gambling houses. I choose dogecoins for my gambling as provides me the opportunity of enjoying gambling for lesser expensive.

[BitcoinTurk]

In some cases, I prefer to transfer money with Bitcoin, although in some cases the other transfers with more mining fees. Of course, I am not even looking at the details of the block sizes of the processes, not being able to get stuck in many technical details. If I need to give some other advice other than cryptocurrencies compared within the subject, I can recommend using TRX as both speed and transfer fee is easy and convenient. The reason I recommend using TRX is because it is fast as I mentioned and it is possible to transfer with almost no transfer fees.

[sheenshane]

Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.

Major reason why ETH is preferred over the btc is due to the transaction fees. In between it has happened that if transferring btc the fees were much more than the transfer amount and thus ETH was the much better and faster as well for transferring form one address to another.

Lately, there was a rumor last month that Ethereum fees/gas are greater than the fee of Bitcoin, or greater than the value sent. I don't know what exactly happens to Ethereum, here. Everyone excited the result of 2.0 volume of Ethereum when it is upgraded and transfer into a new network, called POW.

Probably, I stick always to Bitcoin than the Ethereum though the changes of Ethereum nearly came, I don't know what volume 2.0 has of Ethereum when it is successfully upgraded.