Topic: TRC20 or BEP20? - page 3. (Read 819 times)

If you use a Tron specific wallet like TronLink there is an option to stake your TRX to earn energy and bandwidth which are required to make transactions. Wallets that only have basic features will burn TRX to cover the transaction fee. If you use a wallet that doesn't have advanced features then you will be under the impression that Tron fees are high but in reality they can be negligible or non-existent if you know how to manage your wallet correctly.

The space is broad, and a trader doesn't know everything. Fees can be provided and everyone knows their targets to achieve in the space. Binance is a top crypto exchange and everyone knows how to trade when it comes crypto, it becomes understandable to grab golden opportunities. The transaction made are numerous and important in the space, everywhere becomes understandable once we're in profits. Blockchains are accessible but it requires good settings of crypto projects. TRC and BEP20 becomes easy to comprehend because they're cheap and affordable by traders.

All the two Blockchains are good but BEP20 more cheaper to the TRC20 and BEP20 is more wider and more use than the  TRC20. And if you are investing for long term then you have to use any of them but if you must choose one then you can go with BEP20 . I believe in Binance people use BEP20 more. Though because of the high transaction fee, everyone is increasing their transaction fees to meet up the fees and taxation.

BEP20 is no doubt cheaper today. It was also said before that TRC20 was cheaper but when people shifted to another one and with all of the demand increases on one another, we always get to see the increase in fees as well. And it's hard to manage on that part when you can no longer bear that increase in fee but compared with fees, we're all free to go wherever we think is much cheaper. But based on this website: https://gasfeesnow.com/ it is BSC(BEP20) has cheaper fees but matic is the cheapest of them all.

You need to check well and consider what OP was trying to do. He clearly stated that he want to transfer USDT and I think the reason is could be as a result of high fees on other chains. Typically, USDT is favour by Tether more than BEP-20 because Tron chain was the first to be accepted to mint USDT until when Binance smart chain was built by Binance and then they later join the race. However, BUSD was a Binance business and such didn't go well with Tether and that's why their two favorite chain remain ethereum and Tron but the fees on Ethereum is high, I will recommend Tron over BEP-20.

Tron might be congested because of the activity going on and the hence the fee hike but it's worth it, traditionally all the exchange has TRC20 option on their deposit but I can mention many of them don't support BEP-20 option, now tell me how you need to do when you buy BEP-20 USDT for deposit in case of emergency or any unforseen circumstances? What are you going to do when you don't have exchange like Binance to deposit, it will surely be a problem.

There are many information online op can get to differentiate which one is better between Tron network and the other.
There are lots of differences between Binance smart Chain and Tron chain but what I know most is like the Binance smart is more cheaper than the Tron Chain. I think the BSC is faster since I have use the two many time before now. Op should op in to the one he find more better and easy to use for himself. There is so many information he can get online.

You can quickly search that on the internet. I have found one but I don't think they continuously update the fee. But you can get a clear indication on which one has the lower fee.


source: Here
TRC20 used to have the lowest fee for transactions but the recently they do not allow lower fees for other token except for their own native token TRX tron.
I don't know for what use cases you are buying USDT for. But if you are looking to buy it and then deposit it somewhere else, I would suggest using Litecoin or some other assets which have lower fees.

Sorry if I'm wrong, as far as I know, TRC20 used to be very cheap (cheaper than BEP20), but lately I've seen a lot of people complaining because the fees on TRC20 have increased drastically. for now I recommend using BEP20.

  Yes, members arrive in every thread, especially users with good enthusiasm to answer and make it easier for people who are having difficulty, it is possible that OP still wants to monitor the thread because OP still often uses Usdt, as I said that every time there are chains that offer reduced fees and even free on other or new chains, the last online Op was yesterday December 18, I have experienced that when the thread I wrote and has been answered, of course I am confused to answer again because it has been represented by what each person explained.

Yes moderation for a thread is good or the final step is to lock it, but I sometimes still want to read about what updates there are from what I wrote, including the OP asking about usdt transactions and usdt is indeed very easy to use. for me usdt is quite effective and usdt is indeed depending on the policy of an oracle for a ride to send according to the chain. not bad if you force a fee of about 1$ times 30 transactions has also become a decent fund for me. although in the cex also varies there is a fee of $0.3 even 0$, sometimes people don't have a certain cex that supports a certain chain, tired of registing and kyc can't even buy and send usdt according to the cheap chain, I support this thread to continue to stand because of certain conditions sometimes I check the fee every time the transaction, discussion is a solution without having to check one by one cex, saving time with the latest transaction experience even through other people.

OP forgot to lock the topic because it has been a month time that OP created it. This is the problem the Altcoin board has been facing and we are helpless to do anything about it. I think the best would be BEP20 which has the lowest fee and the next would be TRC20. The confirmation time for both of the blockchains is within 3 minutes, the difference is only the fee required for a transaction to confirm.

I don't know if you sent your USDT to your address. Since you said which network will you send your USDT to. If you want to send USDT at low cost and low fee then I would suggest you to go for BSC (BEP-20) network. Because the fee of this network is very low.Today I saw 13 TRX (1.43$) fee to withdraw USDT from TRC-20 network.

OP made this post on 25th Nov 2023 I believe OP has withdrawn his USDT by now. But it is definitely better to use BEP20 to withdraw USD because currently BEP20 withdrawal is much easier and has lower fees than TRC20.

Hi OP have you sent your usdt? or have you used trc20 often and even added bep20? in some exchanges this determines the withdrawal fee, I am confused whether you withdraw and send your usdt from cex, or just send from your wallet to someone else's wallet?

BEP20 is currently what I feel especially the metamask wallet, it is quite difficult because changing or adding rpc must use vpn, but there are other wallets that do not have to bother to rpc bsc or bep20. indeed bep-20 is still very dense transactions than trc in my opinion. if you still like to send usdt until now try from the mantle chain, some time ago I tried from cex byb*t and the fee was free, maybe now it's still a promotional stage, but I'm comfortable because it's fast too, I don't know other cex because with other chains as far as I know it can cost 1$ once withdrawn. it saves me a lot for daily transactions with a small amount.

Currently, Bep20 is cheap, you can use it if you want, and you can easily settle transactions from it with low fees. Although TRC20 has slightly higher transaction fees, most investors use the USDT trc20 platform for transactions. But if you plan to invest, then definitely invest in good coins that will not lose your money.

There was a time I was using more of the Trim network than even other network. Recently, I have realized that we can be more profitable especially when we are using Blockchain network that is not stressing us or making us to pay too much of transaction fee. Congestion is one of the things that could make investors to keep spending more money for them to sell cryptocurrency to other people. I am happy that the Tron network and Smart Chain network and are able to make compete difference.

transaction fee chart could help, BEP20 fee 0.04 - 0.40, TRC20 0.01 - 0.20

thats true right now I think the most used blockchain for USDT is either Ethereum main blockchain or tron blockchain its always these two because with ethereum it has the many holders in blockchain also majority of token issued are in this blockchain and TRC20 is for the cheap side of sending the USDT. to be fair it highly depends on the purpose of using the stablecoin if it involves no interaction with smart contract then TRC20 is good enough, but with BEP20 there are many things like defi that some people might be interested in therefore it might be worth it to use the BEP20 USDT.
however one could always use other form of stablecoin thats not limited to USDT so that they can have more leeway for them to choose the blockchain.

It all depends on the ultimate purpose of using the TRC-20/BEP-20. If this is a simple transfer between exchanges, then you should rely on the cost of the transaction, as well as the minimum amount of tokens for withdrawal/deposit and the exchange’s support of the required USDT standard. If we are talking about withdrawing tokens to your wallet, then do not forget that not all software wallets support TRC-20.

I really agree with you, friend, that up until now, making transactions on both of them has been very good and cheap, but once again, it is adjusted to what he will do because everything is returned to the habit of what will be done. But I really agree once again with you, friend, that using a metamask will be easier and usually cheaper. But in principle, if you want to do both, it is highly recommended and very good, so there is no need to hesitate anymore. because up to now it is highly recommended that TRC20 and BEP20 be used because they are very cheap and problems rarely occur.

Apart from bep20 been cheaper, it is more popular than Tron network and many people would prefer Binamce Smart Chain compared to Tron Smart Chain. There are so many tokens that are built on the Bep20 network and that is one of the things we need to look out for before we think of using a network. The Tron Blockchain is a good one and it has low network fee too like binance smart chain but we also have to consider different factors when investing or using a network for transaction fee.