Cheapest Stablecoin to Send | Bitcointalksearch.org

beerlover

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Quote from: blockrevs on December 29, 2021, 04:53:48 PM

Trying to set up a recurring payment to someone and looking for the stablecoin with cheapest gas fees. That they can turn into cash USD and to their bank account.

For instance USDC to coinbase and then cash.
But this is too expensive with transaction fees on Ethereum to use now.

Do coinbase accepts TRX based USDT? If so then you may go trying Tether on Tron network to save on transaction fees. Basically I am not using coinbase and I am not a fan of any of stablecoin which lead me to suggest you a different solution for your concern of saving in gas fees.

If your main goal is sending to coinbase means then you could try for any altcoin which is having lowest transaction fees and you do not need to be limited with only stablecoin. I guess these days bitcoin itself is having less than $1 transaction fees.

TRX, XRP and dogecoins are few coins you may consider for lowest transaction fees yet with decent liquidation while buying/selling.

Ararbermas

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Perhaps usdt and busd through binance platform, because my friend still using it when he wants to send some money on me wherein for some purposes. And if i remember it correctly it was trc20 network because of being cheap when ethereum network fees becomes so expensive. And by the way i dont have experience with coinbase but perhaps there's an option as well to avail cheap fees. Just make research mate through Google maybe it can help a lot.

BitKongy

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Matic is the cheapest I suggest you should find stable coins that runs on matic network, the gas fee is not even up to 50cents like that of BSC network, it's even cheaper than Tron network too

blockrevs

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Quote from: GreatArkansas on December 29, 2021, 09:52:41 PM

No one mention one of the cheapest transaction fee and fast network right now.
Solana network. There are a lot of stablecoins right now on Solana, such as USDC, USDT, UST, etc. You will just select what you will use because you are in Solana networks and those stablecoins are SPL20 tokens (the equivalent of ERC20 on Ethereum, e.g. USDT).

Are USDC and USDT the same on FTX/Solana as they are on Coinbase? If I receive.them on FTX can I send to coinbase and turn into cash?

My coinbase is the account linked to bank I need fiat.

Thank you guys!

levyashin

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Quote from: blockrevs on December 29, 2021, 04:53:48 PM

Trying to set up a recurring payment to someone and looking for the stablecoin with cheapest gas fees. That they can turn into cash USD and to their bank account.

For instance USDC to coinbase and then cash.
But this is too expensive with transaction fees on Ethereum to use now.

Any experience with this? Thanks

Appreciate your help.

I think the best way is using some other exchanges which are supporting other exchanges that uses other chains (like bsc etc.)

Because eth fees are high but same stable coins on different networks. The only problem is coinbase are not supporting other network.

vv181

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AFAIK, Coinbase does not support a stable coin network other than Ethereum, so that is left out and you need to choose another US-based exchange, like Binance US or FTX US that support to achieve a cheaper stable coin transaction on another network. I believe both exchanges does support a variety of network, so it should suffice. Regarding which coins and what network they supported, you can refer to both of their sites, FTX.US: Crypto Deposits and Withdrawals and List of Supported Assets.

GreatArkansas

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No one mention one of the cheapest transaction fee and fast network right now.
Solana network. There are a lot of stablecoins right now on Solana, such as USDC, USDT, UST, etc. You will just select what you will use because you are in Solana networks and those stablecoins are SPL20 tokens (the equivalent of ERC20 on Ethereum, e.g. USDT).

yazher

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Quote from: bestcoins1 on December 29, 2021, 09:09:10 PM

I've also used the method like you in the past but if you want a cheaper one for now, then there are three more options that you can run, namely by choosing TRX, Matic, and also BUSD which even costs free if the transaction is done internally or with each other, so XRP is still less expensive when compared to the three options.

I found Matic as convenient as the others since I already tried those and I haven't found anything unusual when transacting with Matic. TRX doesn't really do well for me since I experienced failed transactions and BUSD is not available on my local exchanges which I used to convert my crypto assets to fiat. XRP is was fast and cheap because you only need a minimum to send it, unlike BTC and ETH which don't make sense for small traders.

yhiaali3

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If you are looking for a coin to pay constantly frequently then you should probably try the Bitcoin Lightning Network, you can open a channel between you and the other person and send transactions as much as you want quickly and with almost zero fees, it only costs you to open and close the channel.
If you are looking for a stable coin to pay with low fees, I advise you to use the Gate.io exchange where you can transfer using USDT on Tron network where the fees are $0 using this network only.

bestcoins1

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Quote from: kaya11 on December 29, 2021, 05:32:34 PM

I have been using xrp to send transactions, it is cheap for me as sending xrp requires only a minimum of 1 xrp for the transaction fee and that is equivalent to less than half a dollar. I have been using this trick whenever I sell coins like eth or BTC and others. The only thing to make sure is that xrp is available on the wallet you are using locally and tradable for USD.

I've also used the method like you in the past but if you want a cheaper one for now, then there are three more options that you can run, namely by choosing TRX, Matic, and also BUSD which even costs free if the transaction is done internally or with each other, so XRP is still less expensive when compared to the three options.

tvplus006

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Quote from: blockrevs on December 29, 2021, 04:53:48 PM

...Any experience with this? ..

Everything will depend on which blockchain you will choose for the transfer. Binance allows you to withdraw your BUSD from the exchange with zero commission. The highest commissions are on the Ethereum network, but even in this case there are exceptions, if you hold an FTT coin in a stake, then you can also withdraw from the FTX exchange for free on the ERC-20 network.

pakhitheboss

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I prefer USDT on the TRX blockchain. If you are using an exchange to make that transfer for any amount then the charge will be 1USDT. If you are using tronlinkpro wallet then it will be like 4 TRX for any amount. The transaction is also pretty fast it gets credited in a couple of seconds. I have been using this technique every week for more than a year now and it works way cheaper than any other stable coin. But, please DYOR.

blockman

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USDT tron(trc20) is the cheapest that I know in terms of fees. But if your money is going through Coinbase and you want to save fees. I'd recommend the first suggestion about using xrp.
You can use it without going through a stable coin if the fund is coming from another exchange. It will make you save a lot of fees.
ERC20 fee really sucks these days and many are waiting for it to drop for them to send their transactions and that's why there are some altcoins that you can convert to save fees, if there are other altcoins that can save you fee in transfer, that's XLM.

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Quote from: blockrevs on December 29, 2021, 04:53:48 PM

Trying to set up a recurring payment to someone and looking for the stablecoin with cheapest gas fees. That they can turn into cash USD and to their bank account.

If you're looking for the cheapest stable coin and then you should avoid to use ethereum blockchain. Im always using BUSD or USDT tron to avoid the non sense fees on ethereum blockchain. That consumes only a dollar to withdraw it but im not coming from US.

Quote from: blockrevs on December 29, 2021, 04:53:48 PM

For instance USDC to coinbase and then cash.
But this is too expensive with transaction fees on Ethereum to use now.

Have you tried FTX US? This exchange site let you to withdraw your money into the cash with very cheap fees. You can even send your stable coin anywhere with zero fees as FTX will always give you discount fees that makes the transaction fees in your stable coin other than ethereum network became zero fees. it's worth to try.

Quote from: blockrevs on December 29, 2021, 04:53:48 PM

Any experience with this? Thanks

The point is to use the stable coin that was using the network other than ethereum.

kaya11

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Quote from: blockrevs on December 29, 2021, 04:53:48 PM

Trying to set up a recurring payment to someone and looking for the stablecoin with cheapest gas fees. That they can turn into cash USD and to their bank account.

For instance USDC to coinbase and then cash.
But this is too expensive with transaction fees on Ethereum to use now.

Any experience with this? Thanks

Appreciate your help.

I have been using xrp to send transactions, it is cheap for me as sending xrp requires only a minimum of 1 xrp for the transaction fee and that is equivalent to less than half a dollar. I have been using this trick whenever I sell coins like eth or BTC and others. The only thing to make sure is that xrp is available on the wallet you are using locally and tradable for USD.

blockrevs

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Trying to set up a recurring payment to someone and looking for the stablecoin with cheapest gas fees. That they can turn into cash USD and to their bank account.

For instance USDC to coinbase and then cash.
But this is too expensive with transaction fees on Ethereum to use now.

Any experience with this? Thanks

Appreciate your help.

Topic: Cheapest Stablecoin to Send (Read 110 times)