Post
Topic
Board Bitcoin Discussion
Re: Crypto faster & cheaper?
by
Destroyeroff98
on 06/10/2018, 09:47:29 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.
I understand that in Bitcoin transactions are more expensive. But Bitcoin is more reliable than any other cryptocurrency. Isn't that important to you?