TRC20 or BEP20? - page 4. | Bitcointalksearch.org

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

I recommend that you send it on BEP20 network, because it is faster and cheaper, so it will save you more money on paying gas fees, even though TRC20 is also a network that has cheap gas fees, but in my opinion currently BEP20 is a network which is the cheapest and worth it to use, that's why I recommend you to use BEP20 rather than TRC20 for now.

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

In my opinion, both TRC20 and BEP20 transaction fees are cheaper. Even when making a withdrawal from the exchange the transaction fee is only $1. Moreover, if you want to send USDT to an address via Metamask it is much cheaper, the cost is less than $1.

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

I think they are both the same. I have made transactions with both and both went smoothly. Although at that time I felt TRC20 was slightly faster than BEP20. But that's not a significant difference. You can use whichever you feel comfortable with because it's not that big of a difference.

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Tron has a complicated bandwidth, energy and staking system that determines how much you pay in fees. It’s been years since I used Tron, and they’ve made some changes since then, so I’m not too certain about how this system works. USDT has much greater adoption on Tron but BSC is better as a smart contract and token platform. You can get low fees on either chain so it depends on what your needs are and how well you understand each blockchain.

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Quote from: Gladitorcomeback on December 09, 2023, 11:52:03 PM

I personally hold 5$ worth of bnb for transaction purpose and didn't even think about holding trx. The only priority of usdt (trc20) is that, it is available in all exchanges while bep20 chain usdt are missed in some good exchanges.

Yes, BEP20 USDT is not supported in many exchanges so users only have to choose the bcep20 if they are using exchanges where it is supported or else just going with trc20 should be the smart choice.

I am using some exchanges where only trc and eth USDT are supported so my preference is trc in that case since the eth gas fee becomes insane from time to time.

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Quote from: mdzahed134 on December 09, 2023, 11:15:05 PM

Quote from: riantolie on November 30, 2023, 05:44:34 AM

TRC20 is more expensive now, however, it wasn't always like that. I hope they'll fix that in the future. As far as I know TRC20 is a bit more widely spread.

That's why i would like to recommended BEP-20 because in some cases BSC is damn popular from TRON, as like now BEP-20 is low transaction fees than TRX, if comparing transaction speed i think both same fastest network. TRX down a bit because it's not improving in terms of their development, on the other hand BEP-20 is implement a lot of features in their development.

Bep-20 is better than Trc-20. There is very less devolpment in the Trc-20 due to which most of the people using bnb chain for buying many tokens by paying low fee. Most of Ethereum projects are migrated to BSC chain due to it's popularity and low fee. Now every second person will hold bnb for fee while very few numbers of people will hold TRX because TRC-20 chain has limited number of tokens.

I personally hold 5$ worth of bnb for transaction purpose and didn't even think about holding trx. The only priority of usdt (trc20) is that, it is available in all exchanges while bep20 chain usdt are missed in some good exchanges.

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Quote from: riantolie on November 30, 2023, 05:44:34 AM

TRC20 is more expensive now, however, it wasn't always like that. I hope they'll fix that in the future. As far as I know TRC20 is a bit more widely spread.

That's why i would like to recommended BEP-20 because in some cases BSC is damn popular from TRON, as like now BEP-20 is low transaction fees than TRX, if comparing transaction speed i think both same fastest network. TRX down a bit because it's not improving in terms of their development, on the other hand BEP-20 is implement a lot of features in their development.

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For me, when I do transfers to TRC20 with my USDT, I don't find it cheap. But it doesn't mean that it's expensive, I think it's just in the middle.

I can still afford and not find it too expensive but with the comparison. It's just like cents to a few bucks of comparison and that's not hurting me. What's good here is that we've got choices on these networks when we want to transfer and receive USDT.

So when we move funds, it won't cost that much and we've got options.

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Quote from: TelolettOm on December 01, 2023, 06:49:26 PM

Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Usually it will be cheaper to use the BEP20 (BSC) network. But what is certain is, check first on the exchange or platform, usually there will be a fee statement and also the minimum withdrawal that must be issued. Who knows, there are different platforms. In terms of speed, both of them are quite fast so far.

The most important thing is when choosing the network, make sure that you choose the right network. If it's BEP20 then you have to make sure the destination wallet is correct, namely the BEP20 wallet (BSC) and if it's Tron, then use the Tron network. Don't make a mistake because it could result in the loss or non-arrival of assets at the destination exchange or wallet.

both blockchain have different address because I presume tron used a heavily modified EVM in which also change the address formats thats why if you are inserting your tron wallet in BEP20 wallet or either you are inserting your BEP20 address into tron the app will usually detect mistake so no need to worry about that.
regardless i'd be more worried with the existence of dapps deployed in both blockchain since I think the amout of dapp in binance smart chain was definitely so much more than tron, but if its matter of sending stablecoin then I guess tron will suffice but usually exchange has fixed rate of $1 for sending USDT so thats can be a concern.
regardless couldn't go wrong with one of the two, they are just as cheap in term of fee and as fast.

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Usually it will be cheaper to use the BEP20 (BSC) network. But what is certain is, check first on the exchange or platform, usually there will be a fee statement and also the minimum withdrawal that must be issued. Who knows, there are different platforms. In terms of speed, both of them are quite fast so far.

The most important thing is when choosing the network, make sure that you choose the right network. If it's BEP20 then you have to make sure the destination wallet is correct, namely the BEP20 wallet (BSC) and if it's Tron, then use the Tron network. Don't make a mistake because it could result in the loss or non-arrival of assets at the destination exchange or wallet.

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Quote from: Ben Barubal on December 01, 2023, 10:31:06 AM

Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

It is cheaper in Bep20 compared to Trc20, because I saw in an exchange in Trc20 that the fee was 1.7 dollars, but when I tried to look at Bep20, the fee was 1.5 dollars.

That's what I found to be cheaper than BEP20, so you should use BC Network if you want to save money or get a discount on fees, friend. But of course, it's still your choice what network you feel like using. Right?

In which exchange they charged 1.7$ in TRC-20? I used a few major exchanges i didn’t see such high fees as like in Binance only charge 1 TRX (0.10$) to make a transaction, I think it’s pretty low fees and you can't transfer less cheap price in BEP-20. Tron isn’t using as like BSC because it’s not popular as like BSC. Mostly coins are also implemented in BSC network.

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To be fair this is the biggest advantage that TRC20 had that it didn't utilize. Everyone KNOWS that TRC20 is cheaper, it is not a secret and it is obvious and we all know it and yet at the end of the day we are not really doing anything regarding this, it's really a shame. If I had a coin that had a chain that was clearly better and cheaper and faster than every other option out there and being accepted by all the major exchanges as a way to send money, then I would do everything I have in my power to make it a top 5 coin.

It is insane to think that there is a coin and specially a chain this great, probably the best at what it does, and it is not getting any attention at all, it is definitely a big shame. It all comes down to Justin Sun being a very disliked person of course, he has done so much to ruin it, and now that he is gone, the damage to the reputation of this project is already done and him being out of the picture doesn't really change anything.

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

It is cheaper in Bep20 compared to Trc20, because I saw in an exchange in Trc20 that the fee was 1.7 dollars, but when I tried to look at Bep20, the fee was 1.5 dollars.

That's what I found to be cheaper than BEP20, so you should use BC Network if you want to save money or get a discount on fees, friend. But of course, it's still your choice what network you feel like using. Right?

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

Both are almost same. The fees are not very different. If you are using Binance then definitely BEP20 will cost you comparatively cheaper fees. The network time is also almost same. So whatever network you choose, it won’t make any big difference. If you want to save each and every penny, then definitely BEP20 will be beneficial.

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

If you withdraw USDT from exchange both BSC and TRC-20 charge fees like $0.80-1$ so both are almost same and transaction speed is almost same in both. So you can choose any one you want. But since BSC chain is more popular than TRX, you can use it if you want. But I would say use whatever you feel comfortable with

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

BEP20 is cheaper, faster and swift transaction while TRC20 is also cheap but most of it transaction fees is pegged at $1 thus it depends on the final destination of coin whether it is BEP20 enabled or not that is the final destination of your $150 can accept if it is not then TRC20 is another one of the most common network for swift transaction too, while ERC20 is quite expensive for any transaction that is why crypto enthusiast always seek alternative for ERC20 because of their cheap transactions and scalable network.

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

of course BEP20, in the past TRC20 was very suitable to use, because the gas fees were very cheap, but now in my opinion BEP20 is more suitable to use, because currently transactions using BEP20 are faster and cheaper than TRC20, therefore I recommend you to make transactions using BEP20 rather than TRC20.

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Bep20 is cheaper than TRC20 20. You can also find more ways to use your usdt on Bep20 network. I donno why TRC20 is more expensive because the network isn't that congested like Bep20.

$crypto$

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Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

Bep20 is cheaper for withdrawals from Binance.

So in this withdrawal you want to save more so that you don't spend more than $1? For me, withdrawing stabelcoin with a withdrawal fee of about $1 is reasonable except on the Etherium network then it will be more expensive because the gas there is quite high.

There are many networks available for USDT withdrawals, usually exchanges provide many.

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Quote from: cryptoaddictchie on November 30, 2023, 07:10:45 AM

Quote from: hack3rcon on November 25, 2023, 09:46:15 AM

Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

I think almost the same but Id prefer bep20 as they got more dapps supported while also Im not fond of using trc20 on dex but only on centralized exchange. But theres not much difference between those two unless you are comparing any of this to ethereum well Id pick one of each versus for that.

No, it is not, Technically USDT transaction fee is 3X times that on BEP but in the past TRC allowed the users to transact the tokens for free of cost as long as they hold a particular amount of Tron in the wallet but things have changed, and once it used to be cheaper now comparatively expensive but from broader perspective both are cheaper than erc20 transfer though.

Topic: TRC20 or BEP20? - page 4. (Read 797 times)