Topic: Which currency do you prefer to use for BTC/LTC/ETH transactions? - page 2. (Read 425 times)

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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).

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.

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.

I prefer Tron as the fee is too low and the confirmation happens within 3 minutes which is very fast. Earlier I used to use Bitcoin but after the recent congestion in the network and the high fee, I am using Tron blockchain. I have not used Litecoin or Ethereum for making payments. For trading on Ethereum dex, I keep some Ethereum in my wallet to cover the gas fee and the same goes for BSC.

I have all my holding on Bitcoin so all transaction are being done with it, despite the transaction fees, I still find it convenient to use. But there are other alternative that could be used in this situation of mempool congestion leading to increase in transaction fees. Even those using  only bitcoin could swap to a coin that uses lower transaction fee when they are about to make transaction to escape from the high transaction fees. Op since you are comfortable using Litecoin fro transaction I advise you stick to what's good for you, rather than looking for any alternative that might not suite you.

BTC and ETH transactions fees are continue to skyrocket again so Im not using this two networks at the moment, XRP, XLM, SOL, DOGE, LTC and other layer2 chains can be consider but not ETH just a waste of money using it imagine spending $20 for swaping your tokens into different assets or networks thats insane.   

You can leave using bitcoin awhile because cost fees transaction for sending through wallet above $5 and its bigger fund for us small investor, I think you can keep use LTC with lower cost fees transaction right now. Last transaction with Ethereum when swap coins I spent almost $100 for fees transaction including sending coins to other wallet and approving swap until swap cost. Although not spent all $100 but left my fund under $40 and risk when trading coins with Ethereum network not list yet on CEX exchange.
Other coins have lower fees cost transaction is Solana coins and their CEX still lower cost under $0,1 every transaction, we need move our transaction or trading coins when ETH or BTC with higher cost fees and looking with other coins have lower cost fees to earn much profit without paying highest cost fees.

I have used many Blockchains to try. But there are some which are faster and almost 0 fee. I have used Algorand Near protocol Zilliqa chain. Avax chain. There are much more. If you are talking about Ethereum so there is a problem with Ethereum network. First is there is a high fee sometimes. And gas fee change continuously means if the fee is 20Gwei at this time so after one minute this can jump to 40+. And you set the 20Gwei so you have to wait for 20Gwei if the gas price is up.
So I will prefer that if you are using Litecoin so it is better.

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.

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.