Topic: Is ETH better than BTC for payment? - page 3. (Read 1357 times)
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.
With 14 second per block you definitely need to wait less even if eth tx count will be higher
I think everything depends on your choice, irrespective of the circumstances, some prefer using ETH for payment why others prefer using Btc but I for one prefer ETH as a means of making payment, I am just comfortable with it.
both might be used. but there are constraints related to transaction costs and transaction speed that must be considered. BTC fees are more expensive for each transaction than ETH. but ETH also has a flax transaction and can make the transaction happen very long. 
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.
When it comes to payments an average person would normally opt for a coin which has lesser transaction fees than the other.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.
When compared to bitcoin, ether has a lesser transaction fees which is why many say that ETH is better for payments.
I remember days back when bitcoin transaction fees was so that most people use other coins to initiate the transfer and then exchange them back to BTC just to save some bucks on the transaction fees. I have myself done this to save a few bucks. These days though, it doesn't really matter that much
Of course ETH is better than BTC for payment, if we look at the speed and cost of ETH transactions it is faster and cheaper.
Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
In my mind people who are using just BTC for payment are new in this world, that is why as you above mentioned BTC transaction is so expensive and instead of this method there are a lot of coins, with which you can make it so cheap. On the other hand if you can use only BTC for payment, it is just out of the question.Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
Of course ETH is better than BTC for payment, if we look at the speed and cost of ETH transactions it is faster and cheaper.
Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
I agree! ETH wins in this battle. The reason is that by making ETH transactions, it's faster and cheaper than BTC transactions due to the high trading volume. Personally, I prefer to use ETH in making transactions. However, in some particular circumstances that we can only pay by BTC (a lot of sites only offer BTC payments). Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
Of course ETH is better than BTC for payment, if we look at the speed and cost of ETH transactions it is faster and cheaper.
Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
I think not many people are familiar with eth transactions. Most noncrypto users will easily identify btc but with eth, they will be hesitant at first. But considering the fee and tx duration, somehow eth is better than btc. But if you will be using LN, LN is better. That is, if merchants are having this LN within their payment system. I really do hope that more merchants will include LN in their payment system, so as to break the issues of expensive fees when it comes bitcoin transactions.
I wouldn't say that etherum is better, instead i think it depends on the merchant options. Tonight i visited a website, and the required crypto currency payment method is bitcoin and litecoin; while for other platforms, it is usually bitcoin, etherum and litecoin.
In my own opinion, i will prefer etherum, because irrespective of the traffic, it is usually faster when sent rightly.
In my own opinion, i will prefer etherum, because irrespective of the traffic, it is usually faster when sent rightly.
Of course ETH is better than BTC for payment, if we look at the speed and cost of ETH transactions it is faster and cheaper.
Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
In my mind people who are using just BTC for payment are new in this world, that is why as you above mentioned BTC transaction is so expensive and instead of this method there are a lot of coins, with which you can make it so cheap. On the other hand if you can use only BTC for payment, it is just out of the question. Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
Of course ETH is better than BTC for payment, if we look at the speed and cost of ETH transactions it is faster and cheaper.
Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
Therefore many people prefer to use ETH for payment, if there are still some people still using bitcoin for payment. There are
two possibilities, the first is that he does not know the cost of expensive bitcoin transactions and secondly there are only choices
for bitcoin to make a payment.
When it comes to transaction fees (even in all exchanges), it absolutely BTC is considerable at high compared to ETH. Things that many traders are often to use ETH when they withdraw their money from a certain exchanger. And of course, I have to look into it and consider the thing in order to save some. To pay $2 with BTC compared to $1 equivalent to ETH, it is a big difference to see. But it gives me no choice to use Bitcoin than Ethereum because some establishments don't accept ETH but only Bitcoin.
most people do before making a transaction, they exchange bitcoin into ethereum because it provides a more efficient transaction cost. it's just that, after that, they exchanged ethereum back to bitcoin. Personally, I use ethereum for transactions because the withdrawal fee is less than bitcoin.
both are also very unsupportive for a payment. BTC has expensive fees and longer transaction times. ETH also has problems because the network is often slow when there are many transactions. especially lately you can see fees also increasing from ethereum.
indeed it will be easier to use fiat. but maybe everything has to be updated. use of digital fiat money or with the same value as fiat money or perhaps the adoption of blockchain technology for world financial management.
indeed it will be easier to use fiat. but maybe everything has to be updated. use of digital fiat money or with the same value as fiat money or perhaps the adoption of blockchain technology for world financial management.
For me, it is better when I buy with bitcoin because of the transaction fee which is less than what will be charged if I'm making same transaction with bitcoin. Also the transaction speed is far better with minimal transaction cost. For merchant, bitcoin will be better because is more accepted and traded
Certainly ETH will be preferred in payment, ETH transaction speed will be faster and its fee is also much cheaper than Bitcoin. Since 2019, I always use ETH to pay for my purchases
In my opinion, the handling of tx is better than ETH, but if the payment is I think it is better ETH than BTC, because ETH has lower shipping fees than BTC.
More scalability and more tx can be processed and that doesn't need a lot of time and the volatility can be avoided, as the result for this process and the sellers can secure their profit without worried about to get a loss even when they didn't hold their money. ETH is much better than bitcoin to be a payment system. I agree with you, that in terms of the ETH payment system it is indeed better than BTC, moreover, the delivery is faster and the shipping costs for sellers are also lower.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
When it comes to transaction fees (even in all exchanges), it absolutely BTC is considerable at high compared to ETH. Things that many traders are often to use ETH when they withdraw their money from a certain exchanger. And of course, I have to look into it and consider the thing in order to save some. To pay $2 with BTC compared to $1 equivalent to ETH, it is a big difference to see. But it gives me no choice to use Bitcoin than Ethereum because some establishments don't accept ETH but only Bitcoin.
most people do before making a transaction, they exchange bitcoin into ethereum because it provides a more efficient transaction cost. it's just that, after that, they exchanged ethereum back to bitcoin. Personally, I use ethereum for transactions because the withdrawal fee is less than bitcoin.
Technically it's better for payments because block times are faster than BTC. That said, both are still pretty speculative assets so the number of practical payments usecases are low and it's 100x easier to pay with fiat.
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.
You can't compare a coin with the block size. I believe that you can't find any coins from the coinmarketcap that coins transaction speed slower than Bitcoin. Some top coins are already used for payment methods. Fast coins are always good for fast payment methods. Popularity is bigger than any other process. Ethereum isn't a privacy coin! 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.
When it comes to transaction fees (even in all exchanges), it absolutely BTC is considerable at high compared to ETH. Things that many traders are often to use ETH when they withdraw their money from a certain exchanger. And of course, I have to look into it and consider the thing in order to save some. To pay $2 with BTC compared to $1 equivalent to ETH, it is a big difference to see. But it gives me no choice to use Bitcoin than Ethereum because some establishments don't accept ETH but only Bitcoin.
I have not thought of this before. Mostly what I use for transaction is Bitcoin and I have only used Ethereum about five times using a Blockchain wallet. Ethereum is fast and the fee I had to pay for the transactions were cheap, worth around few cents, unlike bitcoin I pay transaction fees up to $2 and more, depending on the nature of the market as at the time I’m sending.
Ethereum is fast.
Ethereum is cheaper.
And that’s just it. There is really nothing else I know. But despite that I have still continued to make use of Bitcoin for my transactions. I am not seeing any big reasons to leave off bitcoins for my transactions because compared to paypal or western union, BTC transaction rates are still cheaper for cross border transactions.
Ethereum is fast.
Ethereum is cheaper.
And that’s just it. There is really nothing else I know. But despite that I have still continued to make use of Bitcoin for my transactions. I am not seeing any big reasons to leave off bitcoins for my transactions because compared to paypal or western union, BTC transaction rates are still cheaper for cross border transactions.
Jump to: