Due to the challenging and expensive nature of bitcoin mining, transaction confirmations typically take a long time and are accompanied by hefty transaction fees. XRP transactions are handled in the same way as bitcoin transactions are. A tiny amount of XRP is billed to the user each time a transaction on the Ripple network is completed (individual or organization).

Comparing XRP and Bitcoin involves contrasting their functionalities and goals. XRP, created by Ripple Labs, aims to facilitate fast, low-cost cross-border transactions for financial institutions. Its consensus mechanism differs from Bitcoin's proof-of-work, enabling quicker transaction validation. However, Bitcoin, as a decentralized digital currency, prioritizes censorship resistance and decentralization, appealing to those seeking financial sovereignty. While XRP's centralized nature and Ripple's control over a significant portion of XRP supply have raised concerns, Bitcoin's scarcity and network security bolster its status as a store of value. Ultimately, the choice between XRP and Bitcoin depends on individual preferences and the intended use case.