Before you open this article, BTC, BCH, ETH, LTC, XRP, BTCP. Make your bet!
Hey guys,
Yesterday I moved money around using, BTC, BCH, ETH, LTC, XRP and even BTCP. So it was interesting to compare the speed of transaction and the transaction fees of them. That's my little crypto experience of the week.
If you had to do your bet? who won first
Here is the result for transaction fees, the winner will be the lower
| # | Cryptocurrencies | transaction fee |
|---|
| 1 | Ripple  | $0.01 USD |
| 2 | BCH  | $0.03 USD |
| 3 | BTCP  | $0.03 USD |
| 4 | LTC  | $0.55 USD |
| 5 | ETH  | $1.24 USD |
| 6 | BTC  | $3.25 USD |
So now it's easy to figure out, with which cryptocurrencies would you buy a coffee?
Now here are the result of transaction speed. Now somehow this is not totally accurate since transfer wasn't made from wallet to wallet but mostly from wallet to exchange, but still.
| # | Cryptocurrencies | Time to process and confirmed |
|---|
| 1 | Ripple | Less than 1 min |
| 2 | BCH | Less then 3 min |
| 3 | ETH | around 5 min |
| 4 | LTC | 7 min |
| 5 | BTC | 10 min |
| 6 | BTCP | 24h still not received 😂 |
So from there I will let you make up your mind on which currencies are the more convenient to use for the kind of transaction you are about to do.
What about Nano? Zero fees, almost instant transaction
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Everyday we are closer to mass adoption. Anyway offtopic question: I am looking at curation trail and would like to know more. What benefits can I have and FAQ. Tnx and keep doing good writing here. I am trying in food and travel section. Hoping for better days :)
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New are great these days for mass adoption!! First edge fund to invest in bitcoin in Canada has been announce this week.
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... and then there's STEEM with no fees and three seconds.
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Chuuuutttt. You stole my punch line 😉
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I think even xlm have great speed and low fees.
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I'm sure they have, that test was about what I had to move around 😉
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just ah perfect click!!
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I didn't find my transactions from Binance to Exodus for ETH or BTC to take that long as you have. ETH and BTC usually take 2 minutes for me if it's between Binance to/from Exodus. But really, I think it's just very situational as everyone's transaction is in different ways.
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Eth was quite fast actually, even if Eth purpose is not of beings a money transfer currencies, but the fee of transferring bitcoin was quite high for just a few hundred $
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Did you move the same dollar value amount of each cryptocurrency? I would assume so, because obviously the fees would vary based upon differing dollar amounts, if I'm not mistaken.
Also, fwiw, Ripple doesn't really fit here. I mean, it's not a true cryptocurrency. People cannot mine it and therefore there isn't the same distributed network infrastructure supporting it as the others which gives it an unbalanced advantage.
Great post, thanks for sharing!
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It was in average the same amount of money I did transfert... The fee are fix relative to the crypto you transfert ex 0.001 Eth
Ripple not cryptocurrencie? Mmmm well there is more than proof-of-work in this new world, there is proof-of-stake which you can't mine, there is proof of brain such as #Steem. Ripple use Proof of Correctness on a centralized close network. Sounds like a cryptocurrencies to me.
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Fair enough, however, I came to cryptocurrency after learning more about our usurious central banks & non-government/ We The People managed Federal Bank - so a cryptocurrency that's not decentralized isn't a cryptocurrency to me. I completely understand that not everyone agrees on this point and that is fine with me. Cheers!
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Well on that, it seems everyone can create it's own reality... ✌️
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Hi @nickskywalker!
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Your rank has improved 3 places in the last three days (old rank 2727).
In our last Algorithmic Curation Round, consisting of 434 contributions, your post is ranked at #76.
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Xrp and xlm are the best two currencies for fast transactions and with lowest fee's.
Even thought i dont like xrp i am using xlm which is almost the same thing.
I would be curious to see who would win if you compare xrp and xlm :)
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I'm not geared to do the test but if you do, let me know 😉
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Eos, enu, steem, bts free transactions lol
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