Topic: My Little Experience with USDT - TRC20 - page 2. (Read 974 times)

To be honest, i never heard that the USDT TRC20 transactions are free on Huobi platform, that's insane when comparing it to the fees on the Ethereum blockchain! Good achievement buddy, and thanks very much for letting the community know about this feature. I think i might use it in the near future.

I don't think so, because TRC20 does not use gas like ETH, but maybe there will be changes if there is an update that requires sending USDT on TRC20 network using transaction fees, it is very difficult to make predictions in crypto because the development is so fast.

0 fees and that's a very good thing to see that. I regularly using trc20 rather than erc20.
The exchange site will charge me a few dollars for sending erc20 tokens while when I was using trc 20 and got zero fees for sure. There's no a better thing than send your USDT use TRC20 asset

Depending in the assets you are sending, If it is eth there is no cut corners now the gas fee have gone up and if you your transaction to be confirmed at a reasonable time then you will pay the required gas fee except you are willing to with in other currency like Tron usdt trc20 most exchange don't charge fee on this, or use xrp it has low fees too depending on the exchange.

What is the best way to send low amount of money to pay gas fees into my ether wallet without paying too much fees for transaction ?
i tried binance and yobit and they both ask for high fees , you must pay more than 6$ for the single transaction !

USDT is on the ethereum network so on the off chance that individuals begins moving from ERC to TRC, at that point organization will print more trc. For the time being it might look great and unquestionably concur that this will be useful for executing particularly. USDT is still broadly circling on the ethereum organization and there are as yet numerous tokens worked with this organization considering client interests despite the fact that it is inefficient of move costs.

I totally agree, I like this very much.

When there is a choice on the stock exchange through which to withdraw the OSDT through ERC-20 or TRC-50, through the Tron it will be much faster and the commission there is much less.

This is likened to if you encounter a problem then what you do is find a solution.
just like the ETH gas is very high some people may not stand it and look for other alternatives, and you find it, maybe I will try this when trading later.

It's not. The blocksize of doge coin and tron have been making both were able to implementing the cheap transactions fees.
You must see how much txs that can be processed by tron and it's almost 750 TPS which mean if tron is very scalable enough to be used by a lot of people at the same time while ethereum can handle up to 15 - 20 TPS only.
There's huge gaps between TRON and Doge coin.

That must be the main reason and the price brings nothing and if tron and doge are not scalable enough and it will be having the same fees like ethereum.

Be careful with the chain you use to make your transactions because if you move cross-chain transactions, you will lose your money. It is safer to do transactions with common chains but when network conditions are not good, fee on those chains will be high. However, you must know what you are doing if you decide to use uncommon chains (Binance chain or Binance Smart Chain). There are not many platforms support these chains.

Check chain details before you click on Send or Withdraw or Confirm (besides other details: tickers, address and amount).

I think that the Tether team needs to promote their TRC-20 version of USDT more thoroughly. They need to request major exchanges to list their coin in order to increase its adoption in the mainstream world. Otherwise, what use will it have for everyday payments? At least, the TRC-20 version of USDT works as intended. With low fees and fast transaction confirmation times on the TRON blockchain, the TRC-20 version of USDT is far superior than the ERC-20 version available on the Ethereum blockchain. Most people haven't realized this yet, probably because they're not aware that Tether (USDT) lives on several blockchain networks. It'll be confusing for them to switch from ERC-20 USDT to TRC-20 USDT. We're going to need a dApp that would swap ERC-20 USDT tokens to TRC-20 tokens instantly without middleman (similar to Uniswap). I don't think Justswap on the TRON blockchain would be capable of doing cross-chain transfers. But if it does, then mainstream adoption for the TRC-20 version of Tether (USDT) would increase at fast pace.

All in all, time will tell us what lies ahead for Tether as a stablecoin. Given that it lives on multiple blockchain networks, it could remain impervious against external attacks or interruptions of any kind. Tether (USDT) is not only available on ETH and TRON blockchains, but also on Bitcoin Cash, Algorand, OMNI (Bitcoin), and now Solana. As long as USDT transfers are nearly free, people will be able to send money around the world in a seamless manner. It's even better than a wire transfer! Let's hope adoption for the TRC-20 version of USDT continues to increase over time in order to ramp up the competition in the crypto/Blockchain space. Just my thoughts

I will utilize the ERC20 USDT again and it would appear that increasingly more trade locales have upheld the TRC20 USDT. Execute from trade to trade this strategy will spare you not many backs really. I think the thought was completed attributable to the manner in which individuals execute or pulls back USDT, and thus like there are Omani and ERC-20, TRC-20 was made too.

Could you help me understand how is it possible?
Afaik USDT works on ethereum blockchain, so they fees should be equal.
And what services do support trc anyway?

Information from coinmarketcap reported DIGIFINEX has a trading volume of over 500 million dollars and it is false. I can't sell with pre-orders, which is bad, it's like a scam exchange. Not only DIGIFINEX has fake volume, but there are many such exchanges. Most of them come from China.


Exchanges have different trading volumes, technologies, and policies. Tether TRC-20 integration is also a way for people to be more active in trading and increase the trading volume for those CEXs. Tether is available now on Solana for trading on the SERUM DEX.
More DEXs on different blockchains also means more Tether on many different blockchains in the future.

LOL, welcome on board mate, coins like TRON or Dogecoin will have low transaction fee because per single coin isn't worth much, Tron is just in cents and Doge coin value is same, things will only change once one Tron coin costs over 50$ or more, let's enjoy this while it lasts

That's too bad, Digfinex is known for mostly wash trading and fake volume, and it seem they also charge a high withdrawal fees because they don't have many users using the platform,
both the top exchange i tried out, houbi and binance, all have 0 fees for trc20 usdt, ofcourse this are top exchange with high trading volume unlike digfinex,  yes, the speed is high to confirm transaction, i wish many exchange will include the trc20 chain in their exchange so we can take a break from eth erc20 and it's congested network.

I have withdrawn on the Digifinex trading platform and incur a $ 1 fee for the Tether TRC-20. This is so bad, I noticed that what many exchanges with fake volume, few users popularize are high withdrawal fees.
It seems that these exchanges are trying to collect money by generating fees since most other CEXs are free.
However, the withdrawal speed of Tether TRC-20 is still very good and cheaper than Tether ERC-20.

I've been using TRC20 almost exclusively since I knew it. Fast and free. You pay $ 5 for the ERC20 network while the actual transaction fee is only about $ 1. But I remember when USDT-ERC20 first appeared, its withdrawal fee was only 1 $, so I don't know if USDT-TRC20 will increase its fees like that later.

reducing fee is not as easy as you might think it is. There's just too many factor involved mainly because the scaling issue aswell. most of crypto still have a hard time dealing wit massive traffic and eth is not an exception. to fix the fee that's caused by the scalability issue also means to redesign eth as a whole atleast that's my 2 cent.

It will be my second choice in future if the erc20 chain crashes I will pull with usdt_ trc20 to various exchanges that support trc20.  But as mu_enrico said as an active gambler, of course they often use the ERC20 usdt chain because some of the gambling sites I often use to play slots don't support usdt TRC20 ... thank you for the experience you share.