Author Topic: Do you use Litecoin for cheap Transaction Fees? (Read 405 times)

Phu Juck · « **on:** April 14, 2024, 05:54:27 PM »

Simple question because let's today see if Litecoin is still a helpful coin for daily transactions due to low transaction fees compatretd to Bitcoin and Ethereum.
Do you use Litecoin for cheap Transaction Fees?

Yes
or
No?

Altcoins Talks - Cryptocurrency Forum · « **on:** April 14, 2024, 05:54:27 PM »

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SmartGold01 · « **Reply #1 on:** April 21, 2024, 12:18:10 AM »

Exchange to exchange is very good for quick transaction and I could remembered there were sometimes I was strictly using LTC for deposit after which I could sell to BTC and hold back my bitcoin except I want to send to external wallet.
Most gambling site also allowed depositing LTC and other altcoin for cheap and quicker transaction.

bitmover · « **Reply #2 on:** April 23, 2024, 01:05:20 AM »

I was using litecoin a lot for those small fees.

I had a problem with low liquidity in a Brazilian exchange, so I stopped using it for that... but I know it is still good for quick swaps.

MrSpasybo · « **Reply #3 on:** April 28, 2024, 11:34:58 PM »

Quote from: Phu Juck on April 14, 2024, 05:54:27 PM

Simple question because let's today see if Litecoin is still a helpful coin for daily transactions due to low transaction fees compatretd to Bitcoin and Ethereum.
Do you use Litecoin for cheap Transaction Fees?

Yes
or
No?

For remittance purposes, I often use USDT on Tron because the transaction fees are quite cheap and the speed is fast, and the recipient also wants to receive USDT instead of any other token, including BTC. For investment purposes: I invest to make a profit, not to save transaction fees, so I would rather choose BTC and ETH with higher transaction fees than invest in LTC because I don't like LTC's price performance.

In the 2021 bull run, LTC had a new ATH but it was not significantly higher than the 2017 ATH, suggesting that LTC may have been forgotten by investors and whales. At the same time, the Litecoin ecosystem is not really developing or attracting users, meaning that LTC has less upward momentum in this bullrun. I used to love LTC but I will not choose LTC for my portfolio in this bullrun.

hair · « **Reply #4 on:** April 28, 2024, 11:47:54 PM »

To be honest, until now I have not used Litecoin for any transactions, even for transaction fees. I have some LTC that I bought last year. Until now I have been waiting for the right time to sell it, not for a transaction. I think LTC is still less competitive than SOL or MATIC for transaction fees

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Do you use Litecoin for cheap Transaction Fees?