I guess we all have faced high transaction fees and hig gass fees for semding and withdrawing some crypto coins, and personally i use those coins with less price, they have very little withdrawal fee and its perfect for me, one one of the ckin i choose for transaction is litecoine, what about you which coin do you prefer?
Litecoin for transaction.
- Thread starter kirubel
- Start date
Yes, this is very true, Litecoin is one of the coins that has reasonable gas fees and is super fast in transactions, There are also some other coins like BCH that are good to transact in. I have also noticed that if you have a reliable exchanger platform or crypto wallet that suits your local needs then it should not be a big problem for the transaction. Most wallets or exchanges do not even have fe3es when sending from one similar wallet to another such as Yellowcard and Binance.
- Thread starter
- #4
Yeah some crypto wallets don't have transaction fees to send crypto coins for a person that have similar wallet with you, and i think coinbase is also one of thus wallets that don't chare for their costumers with similar wallets, and that will make the transaction more good.
Litecoin has proven to be a utility coin for making payments through crypto. It is my go to crypto for payments.
I don't know why people use rubbish payment processors like "paypal". I really hate it. I like using Litecoin because it has a really low fees. Apart from Litecoin, Bitcoin Cash is also a good coin for making transactions.
When the price of Bitcoin increased so much, many people switched to Litecoin. Bitcoin Cash is also one of my favourite coin. I wish if both of these coins were used by more and more platforms.
Litecoin is really getting more popular. I hope that the price also goes close to $90 and stabilise there.
If it is stabile fee is stabile but if it goes even more up, fee will be higher. But if it goes up, you can sell it for good price and get stabile USDT.
Thi is something that I have noticed as well. When the price of Bitcoin was quite low, the fees associated with Bitcoin were also quite low. I don't know why fees of cryptocurrency get higher as the price goes up.
It is simple reason. If you pay 1000 satoshi fee, while BTC have price of 60 000$ fee is 1000 satoshi~0.60$. If prices go to 100 000$, fee will stay 1000 satoshi but 1$ is worth.
