Topic: Crypto faster & cheaper? - page 2. (Read 3090 times)
I strongly agree with this statement because I myself experienced when sending money to buy something I used a local currency payment instrument and it made my transaction take a long time, so I tried to make transactions using cryptocurrency like Bitcoin, this transaction is very easy , fast and sure the security is very guaranteed.
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.
Yes your right, every coins has their own issue, so for me i will combine those coins that fits for me, like i made a trade in bitcoin, ethereum and bch, then covert in xrp and send to my wallet from exchange for more faster and cheaper, then convert it again to bch and withdraw to fiat, meaning if i do to stick to one crypto, the fees are high like in bitcoin to be send to my wallet and sometimes it takes too long, so ive learned to use those altcoins for me to make transactions more faster and cheaper.
Use BSV
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.
Yes your right, every coins has their own issue, so for me i will combine those coins that fits for me, like i made a trade in bitcoin, ethereum and bch, then covert in xrp and send to my wallet from exchange for more faster and cheaper, then convert it again to bch and withdraw to fiat, meaning if i do to stick to one crypto, the fees are high like in bitcoin to be send to my wallet and sometimes it takes too long, so ive learned to use those altcoins for me to make transactions more faster and cheaper.
For transactions between people in different countries, Bitcoin will be a fast and cheap method.If you need to change the cryptocurrency to fiat, then it will take longer.
there are huge updates made for Bitcoin and co like the lightning network
With such updates the coin number one will always stay fast and cheap fees. But these updates need time but they are incoming !
regards
With such updates the coin number one will always stay fast and cheap fees. But these updates need time but they are incoming !
regards
I think that even at the stage of its development, the cryptocurrency is already winning national currencies. Therefore, it is necessary to continue to develop and maintain them, this is the new future of the financial world.
Maybe not every cryptocurrency is more profitable to use than the national currency, but over time, when this area will be more developed, we will all use only the digital currency. There's no doubt about that.
Crypto has its advantage but those people who are against of it only see the negative side of it. As time goes by crypto will be more popular because of its fast transaction and maybe sooner it has cheaper transaction. Just believe on crypto.
Crypto is indeed faster and more effective in transactions, this will be a solution for the future. There are still many who cannot accept this because many things cannot be understood by the wider community. But we still believe that crypto does have this advantage.
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.
ZEIT is Faster & Cheaper than all you mentioned, and it is Energy Efficient with an Ultra Low Inflation rate.
Despite its highly secure transactions, cryptocurrencies is fast enough in speed at these rate of transaction. Bitcoin and cryptocurrencies may become faster and cheaper in the future. I think, fee for transactions must be lower than it is now.
I think that's because the bitcoin network is more difficult to maintain than the others, remember that the fee we pay in part is to keep the miners incentivized to continue maintaining the network, even the fee is at $1 at the fastest one right? it's also not a big deal if you're not trading.
Some where crypto is faster and cheaper for transaction and making easy to use for every one. I think, it is the best way to buy and sell the any thing with different way of any altcoins.
Cryptocurrency is faster but it is not cheaper. Normal middle class person cannot afford this business. It is said to be faster as compare to rest of others. Among all cryptocurrency Bitcoin is faster and have high rates. So we suggest you to invest your money in this currency.
I think that the buyers would probably choose this kind of price instead of waiting for it to either go DOWN(which is not what we HODLers, investors, and sellers want) or for the price to go UP(which is what the buyers do not want), so if I were to buy some BTC I'd probably say that now is the time on buying as much as you can, it went faster, but the price needs to go up somehow.
Cryptocurrency is faster but it is not cheaper. Normal middle class person cannot afford this business. It is said to be faster as compare to rest of others. Among all cryptocurrency Bitcoin is faster and have high rates. So we suggest you to invest your money in this currency.
The entire crypto world is growing gradually as the people become more familiar with the concept of crypto each time. More and more projects are being developed with new technologies integrated into the Blockchain. This is bringing more life and amazing features to some coins on the market. The future of crypto is obviously bright and will certainly meet the mainstream adoption.
The future of crypto is really bright and enchanting. However, the world of Fiat is clearer and more familiar to many people, especially the elderly or poorly educated. Therefore, we will not leave Fiat until 2-3 generations of people of a new type are born.
It is true that bitcoin has transaction fees and transaction speed higher compared to other cryptocurrencies out there but we must not forget that bitcoin was the first cryptocurrency ever created which makes its capability in terms of security and reliability to be very much proven for about a decade already which other coins are going to be achieved first to become more reliable to overthrow bitcoin
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.
Crypto now runs faster because its all cheap that makes buyers interesed for a cheap price of all coins now tohold for the coming pump of cryptos.To give hope future to every one.
Most of the cryptocurrencies are extremely fast. Some of them, for instance Ethereum, are a bit slower but still, they are faster than the traditional money. Additionally, the transactions of the crypto do not cost much.
Crypto is faster and cheaper? Of course, bitcoin does not just take up a large part of the crypto(over 50%), it's faster and more secure, it also has the added security of blockchain technology in bitcoin.
Just wait till lightning networks arrive! For sure, transaction fees will lessen and the transaction is too fast. As of now, there are no cryptocurrencies I have know that has free and fast transaction. In fact, bitcoin and ethereum are the only cryptocurrencies I admire in terms of transaction, why? Because I already made different transactions using only this.
Exactly what you disclose, until now crypto provides the facility, fast and cheap. After you prove it you will continue to use it and forget about fiat. Crypto is an extraordinary and beneficial invention.
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