Cryptocurrency comparison

It’s cryptocurrency vs cryptocurrency, as we compare bitcoin, bitcoin cash, ether (ethereum), litecoin and ripple against each other.

Are you ready to start cryptocurrency trading?

Markets Bid Offer Change
Bitcoin (USD)
liveprices.javascriptrequired
-
-
Ether (USD)
-
-
-
Litecoin (USD)
-
-
-
Ripple (USD)
-
-
-
Bitcoin Cash (USD)
-
-
-

Prices above are subject to our  website terms and conditions. Prices are indicative only.

Cryptocurrency comparison table

The table below shows how the altcoins IG offers compare, while further down we explain how these factors may influence the cryptocurrencies’ valuations, and why they matter to traders. 

  Bitcoin (BTC)1 Bitcoin cash (BCH)1 Ether (ETH)1 Litecoin (LTC)1 Ripple (XRP)2 EOS (EOS)3 Stellar (XLM)4 NEO (NEO)5
Launch 2009 2017 2015 2011 2012 2018 2014 2014
Circulating supply >17 million >17 million >101 million >57 million

>39 billion

>906 million >18 billion 65 million
Maximum supply 21 million 21 million

No upper limit

84 million 100 billion (pre-mined) No upper limit No upper limit 100 million
Current mining/release rate 12.5 per block 12.5 per block 3 per block 25 per block 1 billion per month Up to 5% inflation per year Up to 1% inflation per year Up to 15 million per year
Transactions per second (maximum) 7 60 20 56 1500 2800 1000 1000
Network n/a n/a Ethereum n/a RippleNet EOS.IO Stellar NEO
Block time (approximate) 10 minutes 10 minutes 15 seconds 2minutes/ 30 seconds Near instant 0.5 seconds 5 seconds 15 seconds


Cryptocurrency comparison table: bitcoin vs bitcoin cash vs ether vs litecoin vs ripple (last checked 24 August 2018). 

Bitcoin vs major altcoins

Launched in 2009, bitcoin was the first decentralised cryptocurrency. Since then more than 1850 altcoins have launched, accounting for a joint market capitalisation of hundreds of billions of dollars. While bitcoin remains the market leader, cryptocurrencies including bitcoin cash, ether, litecoin, ripple, EOS, stellar and NEO could challenge in the future as a result of rising demand, expanded applications, and technological advances. 

Bitcoin (BTC)

The original, and (for now) the biggest by market capitalisation. It was launched in 2009 by Satoshi Nakamoto, a pseudonym for the mysterious person or group who created it, to secure payments across a peer-to-peer network. It aims to eliminate the need for a trusted third party, democratise money and ensure that transactions are anonymous. 

Learn more about bitcoin trading.

 Biggest pro(s): best known cryptocurrency

 Biggest con(s): slow transaction speeds, requires specialist mining equipment

Bitcoin cash (BCH)

Bitcoin cash is a standalone digital currency, created as an offshoot of bitcoin in August 2017 by a ‘hard fork’.  This was in response to the slowdown in bitcoin transaction speeds and the network’s inability to reach consensus on proposed upgrades. Bitcoin cash’s maximum block size is 8mb, compared to 1mb for bitcoin, allowing it to process more transactions each second.

 Biggest pro(s): faster transaction times than bitcoin

 Biggest con(s): requires specialist mining equipment

Ripple (XRP)

Ripple is a cryptocurrency that underpins a payment network called RippleNet – used by major banks and financial institutions including Santander and American Express. Ripple operates in a very different way to other digital currencies, which has led some to question its credentials as a true decentralised cryptocurrency. 

Learn about ripple trading.

 Biggest pro(s): lightning fast transaction speeds

 Biggest con(s): RippleNet can be used without its underlying cryptocurrency, ripple

Stellar (XLM)

Stellar is a payment network that operates in a similar way to RippleNet and can process transactions in multiple currencies. It is underpinned by a cryptocurrency called lumens (XLM), which is commonly referred to as ‘stellar’ (including on the IG platform). Lumens can be used for payments on the network but also play an anti-spam role, as each transaction requires a small transaction fee, which is paid for in the cryptocurrency.

 Biggest pro(s): integrates with banks, used to process transactions in multiple currencies

 Biggest con(s): cryptocurrency not as widely recognised as some others

Ether (ETH)

Ether is the cryptocurrency of the Ethereum network, which allows users to code and release their own ‘decentralised applications’ (dapps), and create ‘smart’ contracts that automatically enforce their clauses. Small amounts of ether are destroyed as transactions are processed, preventing hackers from spamming the network.

Learn more about ether trading.

 Biggest pro(s): use beyond cryptocurrency on the Ethereum network, fast transaction speeds

 Biggest con(s): uncapped supply means that it could be inflationary

Litecoin (LTC)

Litecoin is designed to be ‘silver to bitcoin’s gold’, according to its founder Charlie Lee. And just as the supply of silver outstrips the supply of gold, litecoin’s maximum supply of 84 million coins is four times greater than bitcoin’s. There are also some fundamental technological differences between the two.

Learn more about litecoin trading.

 Biggest pro(s): fast transaction speeds

 Biggest con(s): low market capitalisation

EOS (EOS)

EOS is the cryptocurrency of EOS.IO, a blockchain platform that is said to replicate the key functionality of a computer’s hardware and operating system. It provides tools and services for developers to build dapps, including user accounts, authentication and databases. Responsibility for processing and other operations is distributed across the network, which its designers claim will enable it to scale to millions of transactions per second in the future.  

 Biggest pro(s): integrated with the EOS.IO network, fast transaction speeds

 Biggest con(s): uncapped supply means that it could be inflationary

NEO (NEO)

NEO is the name of both the cryptocurrency and the network it runs on. This network is similar to Ethereum in that it enables users to create decentralised apps and smart contracts. However, what sets NEO apart is that its network is currently tightly controlled by ‘NEO Team’, who require users to have a verifiable identity on the network.

 Biggest pro(s): integrated with the NEO network, compliant with regulations in many jurisdictions

 Biggest con(s): may not be truly decentralised

Discover cryptocurrency trading with IG

Sign up for our free three-part cryptocurrency guide.

  • The brief but exciting history of cryptocurrencies

  • The factors that drive cryptocurrency prices

  • The differences between trading physically and on leverage

  • How to get started with IG

Form has failed to submit. Please contact IG directly.

  • I’d like to receive information from IG Group companies about trading ideas and their products and services via email.

Get my guide

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

Why do the differences between cryptocurrencies matter to traders?

The differences between coins matter to traders because they give vital clues as to how supply and demand for each coin may change over time, in turn influencing the cryptocurrencies’ prices.

Supply

Circulating supply and upper limit

The supply of coins plays an important role in setting market prices. All other things being equal, the more scarce the coin, the more valuable it should be. Bitcoin and bitcoin cash each have an upper limit of 21 million coins, while litecoin and ripple have expanded maximum supplies of 84 million and 100 billion respectively.

These coins will be deflationary once all the coins have been mined or released, while coins like ether – with no fixed limit – have the potential to be inflationary, depending on how much is ‘burnt’ or lost.  

Cryptocurrency mining and release rates

The supply of coins changes over time as new coins are mined or released. Mining is the process by ‘blocks’ of transactions are verified and new coins released.

Bitcoin is currently mined at a rate of 12.5 new coins for every verified block, with the reward halving roughly every four years (the final bitcoins will be mined around the year 2140).

Ripple coins, on the other hand, were pre-mined by its founders and are currently being released at a rate of one billion per month.

Demand

Reputation

Despite having fewer applications than many of its newer competitors, Bitcoin’s value has soared over the last few years, and it remains the biggest cryptocurrency by market capitalisation. This suggests that reputation remains an important factor in cryptocurrency valuations. Press coverage is likely to be an important factor here, with negative press – for example following a major wallet hack – tending to have a negative impact on prices.

Decentralised applications

While bitcoin, bitcoin cash, and litecoin are standalone cryptocurrencies, ether and ripple exist as part of wider networks with expanded applications. If the popularity of these networks increases or is adopted by mainstream businesses, demand for their underlying cryptocurrencies could surge.

Transaction speed and scalability

As adoption of cryptocurrencies accelerates, transaction speeds and their ability to handle a high volume of transactions is likely to come under increasing scrutiny. Scalability could also be influenced by blockchain size and security, as these factors will affect the profitability of mining, speed of the network, and willingness of users to buy and use coins. Traders should therefore pay attention to software updates and forks to see how scaling technology evolves.  

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

You might be interested in...

Sources:
1 Coin Market Cap, 2018; Medium, 2018; How Much, 2018; BitInfoCharts, 2018
2 Coin Market Cap, 2018; Medium, 2018; How Much, 2018; BitInfoCharts, 2018; Ripple, 2017
3 Coin Market Cap, 2018; Medium, 2018; Cryptocurrency News, 2018
4 Coin Market Cap, 2018; Stellar, 2018; Lumenauts, 2018
5 Coin Market Cap, 2018; NEO Whitepaper, 2018; NEO Contract Whitepaper, 2018; Store of Value Blog, 2018

Help and support

Get answers about your account or our services.

Get answers

Or ask about opening an account on 0800 195 3100 or newaccounts.uk@ig.com.

We're here 24hrs a day from 8am Saturday to 10pm Friday.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.