Topic: My Little Experience with USDT - TRC20 (Read 970 times)

This is actually right that the fees on ETH are insane and a lot of people have shifted to TRON and other networks to save the fees. As a gambler who often bets and makes small transfers, I have always given higher priority to Tron as compared to other coins because not only it is fast and cheap but the price for TRON has only increased since I started using it. Earlier when I first used it, I remember the price was around 3 cents and now it's always above 10-11 cents so I am happy both ways, it's cheap and fast plus whatever tron I hold are only going to bring my portfolio up.

The same purpose earlier when making small transactions was fulfilled by doge coins but they had neither the value nor the speed as 6 confirmations took some time. Now with the doge being pumped it obviously makes no sense to use dogecoins for small transactions. People are shifting to the TRON and it means the price will only get higher in the future.

great thread, myetherwallet supports trx but anyone know how to transfer trc20 to myetherwallet ?  is that still possible or that ended when trc20 went to mainchain ?

It's quite impossible for the new coins to provide the zero fees for the users, When it was using the blockchain and there are lots of validators and these validators will need the money too. Tron was also using the POS consensus.
You didn't actually need the zero fees but when you can get 1 cents as the fees and that's more than enough for you.
that's a very small fees though

thanks for this kind informations, because all this time when i want to withdraw my crypto to my local exchange, i use doge and now if this informations was right, i will use USDT but in TRC20 not ERC20

With this method I send USDT to my ether wallet. Thanks to TRC20 chain I don't need to pay transaction fee. WE pay for swapping coins already because of high gas price, at least this is a good thing that we can use. If you want to send USDT to your MEW or Metamask etc you can use this method guys.

I'm sorry to tell you that you didn't notice properly. Because I'm using TRC-20 USDT to withdraw from kucoin exchange, the withdraw fee is zero but the cost is 0.02 USDT. I'm very happy with transaction speed, instant receive my USDT. But now so many exchanges don't support this feature.

Agree. High fees are definitely not a cost-effective solution for sending money across borders. To fully enjoy a stablecoin's benefits, the underlying blockchain network needs to have the lowest fees possible. It seems to me that the TRON blockchain is a true winner in this regard. The TRC-20 version of USDT is ten times better than the ERC-20 counterpart, as fees are nearly free while transactions settle almost instantly on the Blockchain. It's a pity that most exchanges are still supporting the ERC-20 version, when fees are extremely high on the ETH blockchain. People would've enjoyed using the TRC-20 version of USDT on a daily basis if more exchanges supported it. At least, Binance supports the new USDT stablecoin on the TRX blockchain. It's the world's most popular crypto exchange, giving the TRC-20 version of USDT a decent level of liquidity on the market. With enough interest/demand, other exchanges could join the game.

Nonetheless, I have to say that the experience with the TRC-20 version of USDT is beyond compare. Since fees are nearly free and transactions settle almost instantaneously on the TRX blockchain, its use cases for the mainstream world can be expanded. You can exchange the TRC-20 version of USDT on JustSwap to another token at a much cheaper rate than UniSwap. This is a game-changer as it makes "De-Fi" practical again. While ETH is still the most popular smart contract platform in the world, the low fees and fast transaction confirmation times of TRON will certainly bring some attention by people in the mainstream world. It shouldn't be long enough before new and exciting projects join the game, making TRX as good as ETH. Just my thoughts

The transaction fees on Ethereum will kill the chain because paying $10 or more for every transaction is just not sustainable, I used Uniswap today and the transaction fee was $9 for what. I think it is time all these developers start thinking out of the box and now be lazy with this scaling solutions, many solutions are out there but people are not just using them, look at the success Perpetual team recorded by using XDai chain, you trade there without paying any transaction fee because is too negligible and the team decide to pay it for traders

I was as surprised as you when I saw that USDT TRC20 could be transacted without any fee. I used to do USDT ERC20 transactions before. But I don't' use anymore, now. I would also recommend that everyone uses USDT TRC20 instead of USDT ERC20. Thank you so much for sharing this good news with everyone.

The experience with the TRC20 version of USDT is beyond compare. But as you've said before, not all exchanges provide free withdrawal fees. On top of that, the TRC20 version of USDT is not as popular as the ERC20 version on the ETH blockchain. This explains why the TRC20 version of USDT is listed on a select few crypto exchanges. If everybody knew the benefits of TRC20 USDT on top of the ERC20 one, we would've seen more exchanges joining the game. At least, everything works as intended. Interacting with TRC20 USDT transactions is better as everything is faster and cheaper than the ETH version. That's largely because the TRON blockchain has better transaction capacity than Ethereum. Fees on the TRON blockchain are free if you're holding "Energy" on your account (by freezing TRX). This will allow you to send TRC20 USDT without "breaking the bank". It's like sending money across borders for free.

Nonetheless, there's no doubt that the TRC20 version of USDT is far superior than its ETH counterpart. But the lack of mainstream adoption is what kills it. People will use the ERC20 version of USDT the most, as it's widely adopted by many popular dApps on the ETH blockchain. The ETH ecosystem is much bigger than TRON's, leaving the TRC20 version of USDT in the dust. This may change as ETH's fees soar. But with upcoming scalability upgrades, it's unlikely this will happen anytime soon. Just my thoughts

Wow! It's really amazing news for a crypto lover because everyone's desire is to reduce their transaction cost when they are transferring the money. Some coins make their transaction fees as high for investors. But trc20 is better than other's costing transaction terms. So, I always love to transact with TRC20 to USDT and others also.

What a nice experience, but usually i use Lumens for tranfer between exchange, and its possible to decreased because of the fluctuation of Lumens price during the transfer. I hope many exchange will list that USDT TRC20 so i can try to use it

Trading fee and Withdrawal fee: The exchange business is basically based on it. They have taken this step to improve and expand their activities. It is difficult to say how long it will last. Small traders and hunters will benefit a lot from this. Everyone wants to do the transaction without any fee which Houbi paying for USD.

If demand increases, other exchanges may try to make it free. The rest of the exchanges should think about the traders and take action. I have used trc20 a lot of times to withdraw from Binance and that was a good experience. For small crypto traders, the most important issue before starting trading is the exchange's withdrawal fee.

Many traders think of extra fees before withdraw. Tr20 is solving that problem now, I don't know how long this system will last.

First time using usdt trc20 on binance, I was also surprised that they did not ask for a fee and the transaction was faster. But unfortunately, not all exchanges provide free transaction fees when making a USDT trc20 withdrawal.

The TRC-20 version of USDT on the TRON blockchain is so much better than the Ethereum version. Unfortunately, not many people are aware of it as the new stablecoin lacks marketing/promotion. All of the attention is on TRON's alternative stablecoin dubbed "USDJ". At least, the TRC-20 version of USDT is supported by a few crypto exchanges. Once people realize its true benefits relative to ETH's version, they'll do the switch without thinking it twice. Believe me, TRON's higher transaction throughput works wonders for "De-Fi". Sending/receiving USDT on the TRON blockchain is much cheaper and faster than doing so in Ethereum. In some cases sending USDT through TRX is free (if you have TRX frozen for energy, of course). This makes the TRC-20 version of USDT the perfect stablecoin for day trading. As more companies, businesses, and individuals join the game, USDT on TRON will see a substantial increase in liquidity.

Nonetheless, people have a choice among various versions of USDT listed on the market. The fact that Tether lives on Ethereum, Tron, Bitcoin Cash, OMNI (Bitcoin), and even Algorand, tells us that it'll stand the test of time. This gives the stablecoin some resilience against network disruptions. USDT can enjoy various chains' benefits depending on the user's specific needs. As long as it's still being traded on the market, there's nothing to worry about. Let's hope more people get to know USDT's benefits on the TRX blockchain as crypto's popularity increase in the mainstream world. Just my thoughts

Thats true, and moreover a lot of dev teams are really afraid to give any hints about their upcoming updates - it may be simply stolen by competitors.
You can check out road map of a project, but we all know any project can add any updates in between the lines.

Never used it before,thank you for sharing your experience, it sounds attraction,
 i would try to withdraw trc-20 token whenever i get a chance,
indeed i like 0 fees.

The good thing is about you can send the stable coin anywhere to somewhere with zero fees. I have been using this a hundred times.
Good scalability gives us more options to send a stable coin without feeling worried about the congestion that eventually happened with ethereum blockchain. The tron USDT already accepted in almost all exchange sites.

Wow, that is a good information that OP had shared. However, I think it does not apply to other platform or exchanges? If so, Id rather be more careful because there are lot of phishing site to which at first you can see that the site looks legit and are working properly as you wanted but later on you will get surprised by the phishers to take all the balance in your wallet after they get your walley details specificaly the private keys.

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.

I saw that some exchanges do have options when they want to make USDT withdrawals, when using the meter I think the cost of the gas used is very large, so in my opinion, you have to be able to choose the destination and the netowrk transfer used.

example of a USDT withdrawal on the Binance exchange

I think you meant about withdrawals and fees with USDT on ERC20 chain, not on TRC20 chain, didn't you?

The fee on ERC20 chain is cheaper, you can see here:

https://ethgasstation.info/calculatorTxV.php
https://etherscan.io/gastracker
https://ethgasstation.info/index.php

Those sites give you current fee estimations that are cheapers than days, weeks ago.

In order to have good view on transaction fees recent months, see here: https://bitinfocharts.com/comparison/ethereum-median_transaction_fee.html

This explains a lot why the trc20 usdt transaction is free, from the experiment I carried out after reading the OP's post, I try to withdraw some usedt from Binance and from the withdrawal menu you can see it was clearly written in trc20 usdt "fee - 0 usdt" while clicking on erc20 "fee - 3 usdt"
In previous days, erc20 withdrawal fee in Binance was up to $5, I see now the fee has reduce again,  I guess it is because the tron network is not crowded like you earlier mentioned.

The fee of crypto transactions depend on some elements:
- Network status: empty, crowded, stucked/ congested.
- Average speed of transactions: how long you will have to wait to get 1 confirmation when the network is empty or when it is crowded.
- The price of coin or token: If the fee in TRX is 1 TRX, then it is about $0.026 but if the fee in TRX is 0.1 TRX, then fee in USD will be $0.0026. That is very cheap.
The price of TRX can be get with https://coinmarketcap.com/currencies/tron/ and it is cheap. I thought the cheap price of TRX in USD can help to save costs with transactions. Because it is too cheap, exchanges or casinos can waive fees for customers.

Since it is TRC20 expect it to be less fees unlike, I have never tried trading USDT from other wallet/exchangers to another, but I have been trading trx and other Trc20 coins with low gas fees. I would not be surprise if defi projects shift to TRC20 due to its fast and low gas transactions.

TRC20 is very convenient for withdrawals between exchanges and P2P exchanges. I have been using TRC20 withdrawals this year more often because it's convenient and saves a lot of money.
Free withdrawal of Tether TRC20 applies on many exchange platforms, I have withdrawn on MXC and incur a fee of 0.5 USDT.
In the future, we will have Tether on Solana. The cost of transferring money on Solana is very cheap about $ 0.0001.

Absolutely, it was a sweet experience because always skeptic about the trc-20 chain especially the usdt trc20, never paid any attention to it because am not fan of Tron network, but my curiosity lead me to try something new since eth transaction fees is on the high side, and it turns out to be a great experience,

and as for the Tron blockchain lacking adoption in mainstream compare to eth blockchain, i could agree with on that, the adoption and user base of tron network is very low compare to the over congested eth network, and i think this largely have to do with people not trying out new network and only accustom to old network, eth blockchain is older than that of tron and majority of crypto lovers already used to eth blockchain and as a result hinders their zeal to test something new,

perhaps the limitation of the trc20 is the major reason why the adoption is very low, maybe until such a time when the tron dev decided to broaden the scope of the usdt trc20 to support more exchange and Dapps support it will be able to compete well with eth erc20, for now, i will use it in the supporting exchange and hope more will be included.

That's the beauty of the TRON blockchain. It may have a higher degree of centralization than Ethereum, but it's extremely convenient for mainstream payments. The TRC-20 version of Tether proves to be highly useful for both investors and traders alike. Usually, you don't need to pay a fee for each transaction performed on the TRON blockchain (unless you don't have energy by freezing TRX). With TRON's high performance blockchain, anyone can participate in the decentralized economy without breaking the bank.

As much as I admire Tether's version of the USDT stablecoin on the TRON blockchain, the same lacks adoption in the mainstream world. The ERC-20 version of USDT (on the ETH blockchain) has a far bigger ecosystem of crypto exchanges and dApps supporting it. AFAIK, the TRC-20 version of Tether's USDT stablecoin is only traded on Binance and Poloniex. With a very small amount of "De-Fi" platforms supporting USDT on the TRON blockchain, the ETH version remains unbeatable. TRC-20 stablecoins still have potential to take the world by storm with the low fees and blazing fast confirmation times of the TRON blockchain. But limited adoption will make people look elsewhere. I hope that more merchants, businesses, and mainstream developers adopt the TRC-20 version of Tether in order to ramp up the competition. Fees are so high on the ETH blockchain right now, that paying with a stablecoin like USDT on it becomes unfeasible. Tether on TRON is an opportunity for people to enjoy the benefits of Fiat without paying exorbitant fees for cross-border payments. With enough adoption in the mainstream world, the TRC-20 version of USDT could reach new heights. Just my thoughts

I think this is an event where you can make exchanges without having to use transaction fees and I am sure this event will not last long because if you keep doing it like that there is no income for the exchange.

after I tried it was true that using USDT (trc20) there was no shipping cost. I tried to convert TRX to USDT and then sent it back to my mobile wallet and in the end there were no shipping charges. on the other hand, when I tried to use Dex (justswap) to convert USDT to TRX, there were no shipping costs.

That's the best option we have right now, when making a USDT withdrawal. But not all exchanges when making a USDT (TRC20) withdrawal are fee free. There are still some exchanges that still charge a fee, like the Probit exchange. The USDT (TRC20) withdrawal fee on the probit exchange is $1.

Of course lol,the more the value of the coins goes up the same as the transaction fee increases and this is the Miners discretion mate.
well this is the reason why i am seeing some good posts in Tron thread in speculation things that is good because this coin is silently moving for the
last months and now here they are providing good and cheapest service for their users.

Yes, what you are saying is very true, because we can see examples of several tokens or coins that are already expensive and the cost for the transaction will obviously automatically feel expensive even though the unit fee has not been changed, for example, like TRON, which currently only cuts 1 unit only when someone makes a transaction, but it will obviously feel expensive if the TRON price reaches $ 1

Though we are able to enjoy this low transaction fee on Tron network/blockchain because the coin is still very cheap, if Tron reach 1$ someday the transaction fee will never remain the same again, I believe the higher the token/coin price is the higher it's transaction fee

Lol, I've stopped using USDT on ERC20 since the beginning of this year because Tron USDT is just way cheaper, it doesn't cost up to 1 Tron coin to send transactions on Tron network, now I'm a big fan as I use Tron to store USDT instead of Ethereum, things might change for Ethereum soon if the 2.0 update get launched this November 2020

Me too and i guess almost all of the stable coins will be doing massive expansion to issue the assets in the scalable chain to avoid the problem that has already faced by the old chain that has already used by them all.

I have heard that USDC has been expanding its service to the stellar chain too. That means if this trend will become massive and we will have a lot of choices for the stable coins assets and send it with very cheap fees.

I think that all of the stable coins must do this too.

Wow, glad to see this thread. This is very nice if you want to transfer your funds from one exchange to another without incurring fee or even just minimal fee. Eth network is relatively expensive these days. Now, we can appreciate the Tron blockchain. They need to promote this as much as possible, not many crypto users are aware of this feature.

Thanks for sharing mate,, Tron uses different consensus to eth called Dpos and eth uses POW which has really a big difference in transaction fees like bitcoin using POW it has a huge fees from miners and  since Dpos has no miners means no fees to be collected from my understanding dpos uses staking nodes no need using huge mining power like eth but I wonder why many people prefer eth network rather than using TRON? maybe in terms of security since POW are most secured than others.

I have recently found out the zero-fee of USDT TRC20,  Before that, I had to pay 14$ once when I wanted to transfer some USDT through the ERC20 blockchain, Thanks to Tron now the fee on it is almost zero and very smooth and fast, I loved it actually and even when I used to withdraw by XLM to pay less fee I would rather use USDT TRC20 now to transfer my money.

Yes mate, this is the case, from houbi to binance transaction fee was free not even 0.01 was deducted, I was also shocked myself didn't expect it but this is the truth, this will be my main transaction option this days, sometimes I like to withdraw usdt directly but the fee usually stops me but not anymore, thanks to trc20 I can freely move my usdt without a sweat, who doesn't want a free or cheap transaction fees!

I also wonder why he has not done anything till now to reduce this huge transaction fee that have suddenly taken over the eth network, eth use to be my most used coin to withdraw or to send, never liked using btc or try any other coin, but now necessity is the order of the day, we have to look for the cheapest way to transact this days.

Thanks for sharing your experience. I really did not know, I have used ERC20 before the fees increased and now that they are so high I have not wanted to withdraw any ERC20 token. Now I just have to check if it works the same for me. It is incredible that Vitalik does nothing to reduce the fees of his network. According to the comments, some like me have minimized their transactions with Ethereum.

At first, it seemed very strange to me. After a little deliberation, the matter became clear to me. In fact, everyone will be surprised at first to see this zero fee after paying more fees everywhere. So now most of the time I use Trc20 Usdt addresses to avoid the hassle of these high fees.

It's really a good one, high exchange fee has been the complain of many for many times now, TRC2 has come to solve that, I have been hearing about the TRC20 but I never new it could have such a great advantage, but don't you think it is just a bait to gain the swap for some time, I'm sensing it may have to come up with exchange fee later. Or what do you think?

It was really good discovery for me that there is USDT on TRC-20 chain and it`s very comfortable to use. Usually I needed to pay 5+ dollars fee for withraw in erc-20 USDT and this asset really surprised me as you, so glad to see such comfortable to use coins

I never noticed that the TRC20 USDT until the gas fee for ERC20 tokens escalated. I was surprised when I had to send USDT from my TronLink wallet and no charges was deducted. Tron has indeed made sending USDT very economical and I wish more projects can move to the tron blockchain and decongest the ethereum blockchain.

You can not compare $0.01 to $5, I know any sane person will immediately opt for the cheapest and fastest service so to speak, and as for slow confirmation, I doubt that will even occur or even if it will happen that will probably be some time in the far away future, for now, TRC20 blockchain is faster and cheaper and I suggest we all take full advantage.

I have also made a withdrawal from an exchange using USDT Trc20 and there are no fees, maybe this is also because the fees on the tron network are very cheap

really, hmm if that's the case next time I will try to use trc20 to withdraw usdt from exchange.
although I rarely withdraw using usdt because the feeble is quite expensive for one withdrawal.
while coins like xlm, doge, xrp have become an alternative for some people.

Yes, but some exchange still charge $1 fee for USDT-TRC20 withdraw. I hope Binance and other exchange will keep this fee for later. But the transaction speed of the TRC20 network now seems to be slowing down, as every withdrawal of my USDT has to wait 5 to 10 minutes, while it used to be less than 1 minute.

Say what you want about Justin Sun , he is a proper business ann and has a very good marketing team behind him.
He knew that users are fed up with the high gas costs and introduced low cost usd in trc20 chain and now it's very comfortable for the crypto traders.

Yes, many exchanges are offering a 0 withdrawal fee when transferring TRC-20 USDT even, binance is offering the same. This feature is excellent in my opinion because I remember during the early days I had to pay 5 USDT as the withdrawal fees (ERC20 one).

1
It doesn't when you are transferring the real bitcoin that will be using its native chain to process the transaction. It can happen when you were transferring the tron asset-backed by bitcoin that will have 1:1 ratio equal with the real bitcoin.
2. You can visit this page to learn more about TRC20 https://tronprotocol.github.io/documentation-en/contracts/trc20/ but github is currently in the maintenance. You can visit it when the maintenance will have done.

Yeah bro am aware of the not able to move usdt crosschain, it is always part of the instruction menu that pops up when you want to make your transaction, i don't fail to read those instructions so as not to make any costly mistakes in the process,

But what I wasn't aware of is the free transaction aspect to same chain, withdraw usdt trc20 to another usdt trc20 cost little or nothing (in this case it cost me nothing), this is something I wasn't aware of until recently and I think others who are not aware should know about it, there is no need spending much gas using erc20 when trc20 can get the job done at a cheaper or free rate, if other trc20 support coins have same free transaction rate I don't see why it is not being patronise heavily.

It turns out that many also realize that using TRC20-USDT is more profitable than using ERC20-USDT. Because TRC20-USDT is
completely free for withdrawal fees, it is different from TRC20-USDT which has quite expensive transaction fees. Although there
are not many exchanges that support TRC20-USDT. Therefore the majority of people still use the ERC20-USDT. Hopefully in the
near future more exchanges support TRC20-USDT.

Transactions for USDT on TRC-20 have cheap fees. If I remember correct, the fee for USDT on TRC-20 withdrawals on Binance is about $0.1. Not sure but you can log in your account, check, and confirm it.

The important thing must to be done correct is you can only move your USDT from TRC-20 address to another USDT TRC-20 address. You can not move your USDT cross chains from OMNI layer to ERC-20 or to TRC-20 and there is a chain on EOS for USDT too. If you move cross-chain, you will lose your USDT.

Yes mate, exactly what I wrote above, my withdraw of $150 from houbi exchange to Binance remains same amount when the transaction was completed, there was no transaction fee deducted which already explains it all,

1. I can not say for sure because I haven't try those, if there is a trc20 support for this coins you mentioned then I guess the result will be sane or slightly different than usdt trc20.
2. Trc20 belong to the Tronix blockchain you can find more information by visiting the tron network and read about it or visit any of their telegram group chat and make enquiries.

Haven't made any usdt transaction yet. But I have played with usdt at some casino. And exchanged it before making withdrawal. I have seen those casino site have two type of usdt deposit/withdrawal option available, OMNI and ERC20. Recently I have heard that there is another type of usdt service available which is based on TRON network. Finally I learned that TRC20 doesn't charge any tx fee! Well, it's interesting.
Maybe I should research more about the usdt network and use that coin. Here I found some information Difference in Three USDT Chain: OMNI, ERC20 and TRC20

Are you saying there is no transaction fee apply in using trc20 for transfer of USDT. i have question, as i have limited knowledge about these concepts;
1. Does the zero transaction fee apply to other crypto like BCH, LTC etc
2. where can i find resources about trc20 to study.

Thanks

Most of my investments in cryptocurrency are Ethereum. It is this cryptocurrency for me that is one of the most valuable. During a massive drop in prices in the cryptocurrency market, I sell Ethereum for USDT when it falls and buy again when the market starts to recover, when the price starts to rise again. I had to use this tactic in 2018 and 2019, while I made good money. But I also use USDT as a storage for my money in cryptocurrency equivalent, and only if necessary convert them into fiat funds.
In addition, I use MyEtherWallet to store USDT and Trust Walet as a wallet for expenses, which is very convenient for me.

I have not used the USDT TRC20 for I normally just buy TRX with USDT (ERC). One problem that you'd see later is that if you like investing in the ERC Tokens.  You'd be limited to TRC20 tokens on Justswap or on Polo if you are using USDT (TRC20).

I think users will be opened to new discoveries in TRON projects when they try USDT (TRC20). First that you may want to do it install a browser extension or an app on phone the TRON LINK wallet. That's all you need to access all the projects including the casinos and exchanges.

I switched to using USDT with the TRON network since the ERC20 network started to get heavy traffic and it made the transaction fees on the exchange even higher. Currently there are many exchanges that support the USDT TRON Network, I usually use this option to send between exchanges and to store USDT in my personal wallet I still use ERC20 even though the transaction fees are a bit expensive.

Unfortunately I also don't have much experience with USDT because I usually use USDT to store or move assets from cryptocurrency to USDT, whereas for transactions between exchanges or wallets the very expensive transaction fees make me reluctant to use USDT.

I also like you were very happy because if USDT is withdrawn using trc20 get a free transfer fee, but over time this is like a good breakthrough because it makes people feel more comfortable using USDT as a stablecoin for many people and because of that I use transfer fees Free to another level, by trading on Derivatives Exchange like FTX and from there I convert USDT to other crypto like ethereum and can save conversion costs because ethereum transactions (withdraw) there are also free.

TRC20 usdt is obviously an efficient option and it has leaved a positive impact so far according to my estimate these days mostly people prefer trc20 usdt imo finally crypto community has a suitable option in the form of trc20 usdt

You have been missing a lot to be frank. Nowadays, when I trade on any exchange or in fact before trading on any exchange wherein I will withdraw USDT, I will have to check if the exchange supports TRC-20, and once it does I will trade on that exchange because I can't really stand spending unnecessarily on ERC-20 withdrawal fees bearing in mind that in most exchanges the withdrawal fee is somewhat higher. I think the idea was actualized owing to the way people transact or withdraws USDT, and hence just like there are Omini and ERC-20, TRC-20 was created as well. Another advantage of it is, it is faster as well however not all exchanges supports the TRC-20 network, can't really remember the particular exchange because I never traded there again but maybe sooner than later or when other exchanges understands the need of it, they will support it also.

Sadly still, not many service providers support TRC20 USDT, especially *cough* casinos. Tron network surely cheap af, but be aware of security, if you transfer lots of money, it's somewhat riskier to use TRX chain. However, for average joes like the majority of us will surely like the cheap fees TRC20 USDT.

same here, I also use TRC20 based USD coin because there is no withdrawal charge at all. Personally, I like to do it when i want to move my fund from one account to another account (exchange) I use TRC20 based coin. In this way I can be safe from withdrawal fees. so why i like it.

If anyone use ERC20 based USD coin than he need to pay $4 as a transaction fee. but if he uses TRC20 based USD coin it's totally free, I also sometimes like to use TRX coin to move fund one account to another account because of high withdrawl fees. Its best near to mine. But the problem is all of exchange no yet support TRC20 based stable coin , and there I use TRON coin

I made the first transaction using USDT tron 2 months ago, this is crazy there are no transaction fees , USDT tron helps traders to transfer funds to other exchanges, USDT tron is also ideal when doing Arbitrage

the sole reason of "alt coin" so that you can have an alternative when in need of doing something like this but the disadvantage maybe on the trade volume that's not as high as the main one. However, right as of now I'd gladly switch to TRC20 temporarily if it's what it takes to avoid the monstrous fee.

People are not aware of the cost efficiency of the trc20 network or other cheaper networks or they don't even know that usdt supports several networks, that's why usdt is still widely circulating on the ethereum network and there are still many tokens built with this network considering user interests even though it is wasteful of transfer costs.

I use tron network to transfer my tokens as well cuz ethereum network seems to be overloaded due to numerous defis. It is free anf fast, i like it so much/ I think that the popularity of TRC is gonna grow. It is a hodl coin for sure.

Not only usdt any TRC20 token can be transferred with zero fees for a limited transaction every days.

And that's a great feature of TRC-20 which is becoming more popular than ERC-20. And from my opinion it's much better to make transaction with USDT or any TRC-20 tokens, if you want to make the transaction without any fees

But still most of the USDT is on the ethereum network so if people starts moving from ERC to TRC then company will print more trc. For now it may look good and definitely agree that this will be helpful for transacting especially when the transaction fees are high at the moment but in the long run the risk are also get increases.

i completely agree with you bro, i have started using it ever since someone paid my service through usdt trc20, at first i was wondering why use trc20 instead of using usdt erc20 but after i experiment it, i discover the fee is free or so because no charges are included in the transaction and to me that is definitely free,

i agree that Justin is not a likeable person (base on his personalities) but we have to separate the owner from the technology, what matters most is the technology and how beneficial it is, i feel when many people discover this, more will rather use trc20 than erc20, isn't this the idea of blockchain, to make transaction less costly and fast. Between @op welcome to the club  

I dont know why so many haters of tron blockchain but eversince Im using usdt for some icos, presale or any form of requirement that needs usdt. I preferably to use trc20 of usdt since there are no fees.

This is a long overdue process already mate. Maybe tron ceo is a shit poster on social media buy their fee is really incredible and fast too. Still love eth of course but with regards to fee, im down to tron blockchain. If you will transact from exchange to exchange this method will save you few backs actually.

Good news for USDT holders, I have never tried to withdraw USDT before because transaction fees are too high.
Imagine that you want to withdraw 100 $ but the transaction fee is 10 $. Perhaps people will quickly switch to usdt trc20 instead of usdt erc20.

I have been using the TRC20 USDT instead of ERC20 USDT since the end of last year. If you are seeing the fees has shown zero and it's caused by the fees that have already applied in the tron blockchain is very very small. I will not use the ERC20 USDT again and it looks like more and more exchange sites have supported the TRC20 USDT.

We just need only less than 10 cents to send USDT. that doesn't matter how much quantity of the transaction.

Hello Guys, today i made a little withdrawal from my Houbi account to my Binance account using usdt trc20,  actually this is my first time withdrawing usdt using trc20, when i input the amount i wanted to withdraw, i noticed there was no transaction fee quote below in the withdrawal page, and i thought it was a glitch, so i hard to redo it and it was same as earlier so i just went ahead to complete the rest of the withdrawal process, then after confirmation my withdraw went through and same amount ($150) i withdraw from houbi appear in my binance wallet without any transaction fees,  
i was surprise to be honest and equally happy
thanks to eth high transaction fee that made me discover this,

Do share your thoughts and opinion or experience too.