Litecoin Vs. Bitcoin Cash

[Nomad]

Between LItecoin and Bitcoin Cash which has cheaper transaction costs, and which has higher transaction speed. I have not checked the data but based on my experience, I can say litecoin is cheaper and faster than Bitcoin Cash.

 

[niche]

Many websites are paying only in bitcoin cash, they do not offer Litecoin so users are forced to accept bitcoin cash payment. Litecoin has stopped BCH

 

[Flower]

I've seen many website use bitcoin cash and litecoin more often but I think litecoin is better in terms of speed and the transaction fee.

 

[niche]

Now some websites like Coinbase are not accepting Bitcoin Cash, so users are forced to use Litecoin for accepting payment.

 

[Etini]

While Litecoin does have lower transaction costs compared to Bitcoin, Bitcoin Cash (BCH) has advantages in terms of faster transaction speed and lower fees. BCH has larger block sizes and improved block processing times, allowing for quicker transactions with lower costs. Additionally, BCH has a stronger focus on being used as a peer-to-peer electronic cash system, making it a more viable option for everyday transactions.

Overall, BCH offers a balance between affordability and speed, making it a solid choice for those looking to transact in cryptocurrency.

 

[Henrywrites]

Many websites are paying only in bitcoin cash, they do not offer Litecoin so users are forced to accept bitcoin cash payment. Litecoin has stopped BCH

I think LTC is doing its bits too. I prefer using LTC to receive payments most of the time.

 

[Monster Masterpiece]

Now some websites like Coinbase are not accepting Bitcoin Cash, so users are forced to use Litecoin for accepting payment.

This is not true today is 16 january 2023 and as you can see on screenshot coinbase still accepting bitcoin cash payments:

It was a hoax.

 

[Salt]

Around 3-4 months ago I was only interested in BCH and used to disliked LTC but upon experiencing the trend I can safely say that most of the users are interested in LTC so its a safer option and has lesser fee

 

[Riberet19]

Well, although I use more Litecoin (because more people I interact with use it) they are really very similar, both have low fees, they are very fast, maybe BCH more, although I do not know exactly, and both are quite accepted, if we talk as an investment and not its functionability for transactionability, we can say that BCH I like a little more since it is scarcer with only 21 million possible coins unlike the 84 million possible currencies of Litecoin.

 

[Mostee501]

Litecoin generally has lower transaction costs and faster transaction speeds compared to Bitcoin Cash. However, it's important to note that these factors can vary depending on network congestion, transaction volume, and other factors.

 

[James]

Litecoin and Bitcoin Cash have distinct differences in terms of block time, hashing algorithm, and vision. Litecoin's focus has been on being a fast and efficient medium of exchange, while Bitcoin Cash aims to provide a scalable and low-cost payment system. Both cryptocurrencies have their strengths and weaknesses, and their long-term success will depend on their ability to address the challenges and competition in the ever-evolving cryptocurrency market.