Post
Topic
Board Bitcoin Discussion
Re: Crypto faster & cheaper?
by
levvv
on 07/09/2018, 16:07:11 UTC
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.

Bitcoin fee is higher than other coin indeed, but it is because the bitcoin value itself already high.
When bitcoin still less than $1, guess how much was the transaction fee ? so this is about the value of coin itself, if the coin expensive, so the fee.