Which currency do you prefer to use for BTC/LTC/ETH transactions?

[peter0425]

always been a Bitcoin user because My family and some friends are in US so we are transacting using bitcoin since then , but nowadays that the fee is too high and even longer in coming , we agreed to use different coins and now having USDT instead , volatility will never be our issue since most funds sent are to convert and withdraw.

But locally ? i now uses Ripple and yes like yours Litecoin as I am once a investor of LTC.

[1714864785]

1714864785

[EarnOnVictor]

This thread is somewhat old (August) but it is still the thread that fits the same people's decisions due to the present conditions of fees unless Bitcoin changes its ways. ETH was the issue before, but now, Bitcoin is more issue, and I have never seen LTC given people issues before. This is why no matter how the situation is or how I love Bitcoin, I always consider two things in my transactions. They are the fees charged and the time spent to reach the beneficiary address.

Considering these two criteria, LTC won the two of them (BTC and ETH) when it comes to the low transaction fees and the time to see the money in the beneficiary account, which is why I mostly trade and invest the two but do not use them for my financial transactions. But this is unless the transaction must happen in BTC, this is only when I do not have a choice and I believe my decision is fair enough even as I do not trade LTC at all.

[joeperry]

Amongst the 3? I definitely choose Litecoin because of the transaction fee, it's actually less than $3 or $1 compare to the Bitcoin and Ethereum especially when the time of pumping or if the blockchain is really busy. I really don't mind using all of 3 as they are established coin with a big market cap so I wouldn't be bothered that it would crash or pump drastically, but we have different preferences. I just like the LTC in doing big transactions to keep my fee low and BTC and ETH for micro to average transactions (But sometimes I still use LTC to average transactions).

[bluebit25]

An old forgotten topic is brought up again, but I think this issue has also been discussed a lot before. If the problem is just fees, then we really have a lot of different options, not to be too forced to spend fees that users are not willing to, but the recent problem of BTC or maybe also ETH makes payers may be more hesitant about the transaction process, but for me it's not a problem at all because this is not a barrier, it's just something new people don't have much contact with and even people who don't want to spend fees. With LTC, I completely agree that using it doesn't mean much in terms of fees, but honestly, in my personal case, I don't pay much attention because I only see it as an option to optimize the portfolio, not purely for transactions.

[Taskford]

Amongst the 3? I definitely choose Litecoin because of the transaction fee, it's actually less than $3 or $1 compare to the Bitcoin and Ethereum especially when the time of pumping or if the blockchain is really busy. I really don't mind using all of 3 as they are established coin with a big market cap so I wouldn't be bothered that it would crash or pump drastically, but we have different preferences. I just like the LTC in doing big transactions to keep my fee low and BTC and ETH for micro to average transactions (But sometimes I still use LTC to average transactions).

For current condition of bitcoin I would also rather choose LTC when I think I want to do transaction to anywhere I want especially for trading and my gambling activities. But for other investment perspective like holding well I would like to choose these three coin but if there's only one to be choose for long term I guess there's no question with this since I will always go with bitcoin since there's more promising future for this coin and I also think that we can see some good growth compare on those coin mentioned since bitcoin has a high chance to get a global adoption. It happen already on El Salvador so provably we can see more.

[jrrsparkles]

If you care about fee then you will be choose (LTC/ETH).

If you care about fees then you won't be using Ethereum lmao. We're not even in a truly full-fledged bull market yet and Ethereum fees are already in the $2 range; guaranteed to be far higher than that if the markets go bonkers.

As of now, who is looking for an alternative to BTC network then $2 seems to be a negligible amount to be honest because the fees on BTC network are constantly around 150sat/vb and more often it clocks 300-400sats/vb.

[Sayeds56]

Hi, I have been using cryptocurrencies for about a year now where I usually do transactions from time to time in this period of time I have only used Bitcoin and Litecoin, I have seen quite a few people using Ethereum as well and I wanted to know what do you guys use to receive or send money with cryptos. I usually prefer to use Litecoin because it has almost no fees, in Bitcoin for small transactions of just a few dollars $5-$10 they can charge you up to $2 fees or a few months ago when it was broken they charged you $8 fees or more it was crazy, instead Litecoin does not charge you almost no fees and it is very comfortable to use although it is quite slow. And about Ethereum I have seen a lot of people using it but I don't know how the fees and speed are.

Best regards!

I think it would be prudent decision to use Litecoin for transactions purpose as its fees compared to Bitcoin lower and faster. Additionally, there are many other cryptocurrencies which offer even more effective transactions with higher speed, such as Solana, Matic and Tron networks. The potential of reduced cost transactions fee on Bitcoin network becomes feasible once lightening network is fully adopted.

[moneystery]

it's simple, if the network is normal, i might prefer to transact using bitcoin compared to litecoin or ethereum, because more people use bitcoin for their transactions. but for the current conditions where fees are very high, i prefer to use litecoin where the fees are much lower than the two cryptos.

[Abiky]

It was a question that's been asked months ago but it's very timely. Using BTC now for transactions will be costing you a lot of fees and might be the same for ETH because sometimes fees there are also that much. For LTC, I've used it and it still has cheap fees at all.
If there are other networks like the TRC20, matic sol, and many others. Wherever you can save fees, use them at this moment but eventually for the fees of Bitcoin, I think that they'll be very back soon for being cheap again.

What's the point of having cheap fees, if the network you're using is centralized? Most people don't care about this as they prefer convenience above all else. If you want the best of both worlds (decentralization + convenience), I'd suggest you try Litecoin instead. It's fast, cheap, with a tried-and-tested blockchain network that's truly censorship-resistant. Not like Solana which is centralized and subject to network outages.

The reason why LTC isn't pumping is because of poor marketing/promotion from the developer team. It doesn't have smart contracts (unlike its competitors) which is a huge turn off for many. I'd prefer LTC anytime because of the reasons mentioned before. ETH for once stood as a great alternative to BTC, but it got "ruined" after the switch to PoS. Not to mention developers are clumsy (no offense intended) when it comes to scaling the main ETH blockchain. They're leaving everything in the hands of L2/off-scaling solutions such as Arbitrum and Optimism.

As crypto becomes more popular, we should expect fees to rise over time. They will only stay low if developers continue to increase transaction capacity of underlying blockchain networks. As long as decentralization isn't compromised in favor of scalability, nothing else matters. Just my opinion

[batang_bitcoin]

It was a question that's been asked months ago but it's very timely. Using BTC now for transactions will be costing you a lot of fees and might be the same for ETH because sometimes fees there are also that much. For LTC, I've used it and it still has cheap fees at all.
If there are other networks like the TRC20, matic sol, and many others. Wherever you can save fees, use them at this moment but eventually for the fees of Bitcoin, I think that they'll be very back soon for being cheap again.

What's the point of having cheap fees, if the network you're using is centralized? Most people don't care about this as they prefer convenience above all else. If you want the best of both worlds (decentralization + convenience), I'd suggest you try Litecoin instead. It's fast, cheap, with a tried-and-tested blockchain network that's truly censorship-resistant. Not like Solana which is centralized and subject to network outages.

The reason why LTC isn't pumping is because of poor marketing/promotion from the developer team. It doesn't have smart contracts (unlike its competitors) which is a huge turn off for many. I'd prefer LTC anytime because of the reasons mentioned before. ETH for once stood as a great alternative to BTC, but it got "ruined" after the switch to PoS. Not to mention developers are clumsy (no offense intended) when it comes to scaling the main ETH blockchain. They're leaving everything in the hands of L2/off-scaling solutions such as Arbitrum and Optimism.

As crypto becomes more popular, we should expect fees to rise over time. They will only stay low if developers continue to increase transaction capacity of underlying blockchain networks. As long as decentralization isn't compromised in favor of scalability, nothing else matters. Just my opinion

IMHO, Litecoin doesn't need any more promotion or marketing. It has its own title as the silver Bitcoin and that's more than enough already. While you think that it's no sense to use other coins with cheap fees, you can't stop people from using it because they have to do the transactions and they need the money on their hands so they're just looking for solutions that might fit for them. So if it's not for you, that's fine but if it works for them, it's okay. I agree about LTC to be better than them as I also use it but there is no doubt that these people are just using them for the sake of cheap fees and the actual term of alternate/alternative cryptos for its purpose.

[TimeTeller]

it's simple, if the network is normal, i might prefer to transact using bitcoin compared to litecoin or ethereum, because more people use bitcoin for their transactions. but for the current conditions where fees are very high, i prefer to use litecoin where the fees are much lower than the two cryptos.

The OP's question is indeed very subjective matter as it depends on various factors.
Let us say for example, even if you want to use LTC as they have cheap fees, but the platform you are using don't have LTC but only ETH or BTC, then what would you do?
So even if you have preference on which currency you want to use, sometimes it is the circumstances that will dictate what you need to do.

[OrangeII]

Well, all this time, I have sometimes looked for very low fees for making transactions. In the past, I often used XRP, LTC, or even TRX. I still think that ETH has very high fees for transactions, so I chose the 3 altcoins which have lower fees depending on the conditions. However, I would also use ETH if that was the only option, but on the condition that I wait for the fees to become a little cheaper.

[Belarge]

it's simple, if the network is normal, i might prefer to transact using bitcoin compared to litecoin or ethereum, because more people use bitcoin for their transactions. but for the current conditions where fees are very high, i prefer to use litecoin where the fees are much lower than the two cryptos.

We know crypto transactions are swift as long as one uses a stable and reliable coin for transactions, when it come to these parts, we have the stable altcoins like USDT and Trons. We all like our crypto transactions to become easy and going in the market, no other special place than skipping the challenges and focusing on building strong foundation in the market. All these mention transactions networks are acquainted with high fee and this also shaken our transactions in the space. Litecoin can only recommendable because it's cheap and works in position of Trons and USDT.

[Mate2237]

I have not used Litecoin but I am seen even managers asking Signature Campaign Participants to send them Litecoin wallet address for them to use it as payment wallet in their Campaigns, and from what I am seeing I can notice that Litecoin is one of the best coin in the cryptocurrency ecosystem space.  And for now I am only using Bitcoin and no any other coins. And the channels of your transactions are not stable, sometimes Binance, with different vendors. Anyone pays me with the highest price I send the coins to the person wallet and collect my funds.

People were saying that Litecoin Blockchain is not congested so the fee is lite to make transaction.

[Kelward]

It was a question that's been asked months ago but it's very timely. Using BTC now for transactions will be costing you a lot of fees and might be the same for ETH because sometimes fees there are also that much. For LTC, I've used it and it still has cheap fees at all.
If there are other networks like the TRC20, matic sol, and many others. Wherever you can save fees, use them at this moment but eventually for the fees of Bitcoin, I think that they'll be very back soon for being cheap again.

I'm hopeful too about btc transaction fees to come back to being normal again, because it remains the preferred choice, I guess that this lingering congestion is because of the events that concerns Bitcoin that we're expecting next year and investors are flooding it's network for transactions. Litecoin, usage has been unanimously agreed that it has a cheaper fees compared to btc and eth that were preferreble, so as it is now Litecoin, has carried the day in terms of it's cheaper fees, until btc and eth networks stabilizes.

[justdimin]

I'm hopeful too about btc transaction fees to come back to being normal again, because it remains the preferred choice, I guess that this lingering congestion is because of the events that concerns Bitcoin that we're expecting next year and investors are flooding it's network for transactions. Litecoin, usage has been unanimously agreed that it has a cheaper fees compared to btc and eth that were preferreble, so as it is now Litecoin, has carried the day in terms of it's cheaper fees, until btc and eth networks stabilizes.

I am not sure if it will come back to "normal", I mean it could come back to something decent, but doesn't mean that it will be "normal" ever again. I think it has to be something that needs to be a bit more logical in the end, and has to be something a bit more decent. I get that it is going to be something that will make sense one way or another, and I have to deal with something that should be a bit more confusing over course of long time.

I guess it is not always that weird, because in the end we are going to see it change either way. Sometimes fee's are higher, sometimes lower, but at this point it can't get back to normal, it is not going to be lower. This is why I try to use the cheapest method I could find and cheapest chain I can find.

[tsaroz]

Hi, I have been using cryptocurrencies for about a year now where I usually do transactions from time to time in this period of time I have only used Bitcoin and Litecoin, I have seen quite a few people using Ethereum as well and I wanted to know what do you guys use to receive or send money with cryptos. I usually prefer to use Litecoin because it has almost no fees, in Bitcoin for small transactions of just a few dollars $5-$10 they can charge you up to $2 fees or a few months ago when it was broken they charged you $8 fees or more it was crazy, instead Litecoin does not charge you almost no fees and it is very comfortable to use although it is quite slow. And about Ethereum I have seen a lot of people using it but I don't know how the fees and speed are.

Best regards!

For trading, I have been using USDT, it makes it easier to know how much profit or loss I've made compared to a fiat equivalent. For withdrawal between exchanges, I mostly prefer LTC as it generally  have the lowest fee and wider acceptance. An immediate alternative to LTC is BCH and exchange like Coinex provide zero withdrawal fees for it. My goto dapp platform is BSC and binance provides zero or very low withdrawal fee for BNB and related tokens. Gas fees on BSC are cheaper compared to ETH and the problems are fewer compared to matic.

[coin-investor]

It was a question that's been asked months ago but it's very timely. Using BTC now for transactions will be costing you a lot of fees and might be the same for ETH because sometimes fees there are also that much. For LTC, I've used it and it still has cheap fees at all.
If there are other networks like the TRC20, matic sol, and many others. Wherever you can save fees, use them at this moment but eventually for the fees of Bitcoin, I think that they'll be very back soon for being cheap again.

I'm hopeful too about btc transaction fees to come back to being normal again, because it remains the preferred choice, I guess that this lingering congestion is because of the events that concerns Bitcoin that we're expecting next year and investors are flooding it's network for transactions. Litecoin, usage has been unanimously agreed that it has a cheaper fees compared to btc and eth that were preferreble, so as it is now Litecoin, has carried the day in terms of it's cheaper fees, until btc and eth networks stabilizes.

The disruption or congestion in the network is caused by ordinals and inscriptions

For the uninitiated, Ordinal Inscriptions are a type of digital asset on the blockchain network. While comparable to NFTs, these started with being engraved onto individual satoshis (SATS), the smallest units of Bitcoin (BTC)...
This sudden spike in ordinal inscriptions increased the load on blockchain networks, causing problems.

https://coinchapter.com/ordinal-inscriptions-wreak-havoc-on-blockchain-networks/

The blockchain should have been solely for transactions but because of these inscriptions there's a 20% surge in transactions and it will even go higher, some developers are working to fix this issue like what Cronos chain is doing.

To face these challenges, blockchain networks are now having to innovate to curtail the surge in traffic. For example, last week, Cronos activated dynamic transaction fees that change with transaction volume to withstand traffic spikes more effectively.

Right now the preferable alternates for Bitcoin are Litecoin and Dogecoin, but many networks and companies adopt USDT, many altcoins are good alternatives right now, it's their time to shine now because of the traffic congestion in Bitcoin blockchain.

[Abiky]

For trading, I have been using USDT, it makes it easier to know how much profit or loss I've made compared to a fiat equivalent. For withdrawal between exchanges, I mostly prefer LTC as it generally  have the lowest fee and wider acceptance. An immediate alternative to LTC is BCH and exchange like Coinex provide zero withdrawal fees for it. My goto dapp platform is BSC and binance provides zero or very low withdrawal fee for BNB and related tokens. Gas fees on BSC are cheaper compared to ETH and the problems are fewer compared to matic.

People often overlook these coins (LTC and BCH), because they consider cryptocurrencies as an investment tool. Not digital cash you can use to pay for goods and/or services. At least, fees are extremely-low in Fiat terms. The lower the market price for a coin, the better.

Once a Blockchain network gets congested, you can say goodbye to low fees for good. That's if developers don't introduce scaling upgrades meant to mitigate the issue. It's what's happening now with both BTC and ETH. At least, we're not tied to a single coin. As long as there are plenty of alternatives to choose from, there should be nothing to worry about. Just my opinion

[FinneysTrueVision]

I have tried using many altcoins but I didn't really like having investments spread out across so many wallets and blockchain networks so I just stick with Bitcoin. To save on fees I have started using the lightning network. It's not always the smoothest experience but I still prefer it over using altcoins.

Ethereum fees have been high for many years, sometimes even higher than Bitcoin so it is not a very good substitute. I'm not too interested in dapps but even if I was, most of them are available on Polygon and BSC which have a lower cost.

Litecoin is fine but it's mostly a Bitcoin clone. LTC isn't unique enough to interest me. Having Lightning as an option for smaller payments makes Litecoin unnecessary for me.