TRC20 or BEP20? - page 5. | 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 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.

riantolie

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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.

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Quote from: kentrolla on November 25, 2023, 04:48:34 PM

Ita very simple, BEP-20 is cheaper as it costs only 0.30 USDT as network fee wherein TRC-20 costs 1 USDT as network fee, but as per my personal experience TRC-20 are way quicker than BEP-20 in terms of transaction.

Go ahead with BEP-20 if it's available in the exchange or P2P platform where you are sending these $150, moreover regardless $0.30 or $1 doesn't make huge difference at these are flat rates instead of dynamic or percentage basis. BEP-20 will not be available with all the exchanges.

That is also what I noticed after a long time of using both networks, I think that is because we pay more fees, so it's normal that it will be processed quickly. The same with Bitcoin and other cryptos. This makes us use TRC-20 more, than BEP-20, even though TRC-20 is a little costly.

After all, it was still $1 and it's cheaper compared to Bitcoin and Ethereum transaction/gas fees. I think Binance or BEP-20 is more popular and more trusted by the many but it's strange if it's less supported by the exchanges. Is it possible that they have a hidden hate because it was their competitor? While Tron doesn't have an exchange so they just side on it instead.

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Quote from: jacafbiz on November 26, 2023, 01:44:08 PM

I prefer BEP20, Binance chain is still more secured than Tron network, also there is likelihood of fund recovery with Binance chain than Tron.

I don't know about that fund recovery. Does it mean about reversible transactions if ever you did something wrong?

Quote from: jacafbiz on November 26, 2023, 01:44:08 PM

The issue I have with Tron network is that it is a one-man show, nobody is building on the chain, people only use it to move stable coins around because it is cheaper and faster to use, but the security of the chain is still shaky with recent hacks being reported

Actually, you're right about tron. As it is needed to do transactions for trc20 USDT, it is why it's being used by many people and why it's likely staying on the top. Like omegastar is asking about hacks that did happened on Tron, what are those? I know that it's also owned by Justin Sun and some of its affiliated companies have been hacked but with tron, when?

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Quote from: jacafbiz on November 26, 2023, 01:44:08 PM

I prefer BEP20, Binance chain is still more secured than Tron network, also there is likelihood of fund recovery with Binance chain than Tron. The issue I have with Tron network is that it is a one-man show, nobody is building on the chain, people only use it to move stable coins around because it is cheaper and faster to use, but the security of the chain is still shaky with recent hacks being reported

Could you elaborate on that? what do you mean that you could recover the funds if lost on BSC but not on Tron network? And which hacks are you referring to? I'm not defending Tron but I'm not aware of any hacks. And assuming there are a few dapps that got hacked, then it would be an issue with the service itself, and not the actual network.

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I prefer BEP20, Binance chain is still more secured than Tron network, also there is likelihood of fund recovery with Binance chain than Tron. The issue I have with Tron network is that it is a one-man show, nobody is building on the chain, people only use it to move stable coins around because it is cheaper and faster to use, but the security of the chain is still shaky with recent hacks being reported

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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.

Before it was better to use for me Tron because I have got some spare of it and that's why I have just spent most of them on fees and transfers. But then if you're trying to look on which is cheaper for the fees, no contest that BEP20 has been stable for being cheaper than any other chain.

If someone is going to argue that there is a free transfer for some coins. Yes, I know that as well but it's not supporting Tether and everyone who uses it is trying to find some alternatives for how we're going to save fees.

Anyway, the market can be like this that it's cheaper for now with BEP20 but if it gets to the whole point of being clogged then it may experience some increase in fees as well and the same goes for TRC20, I've seen fees there went high.

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Quote from: target on November 25, 2023, 03:38:35 PM

The last time I checked which was a few days ago, withdrawing USDT TRC20 from a casino cost me $5, maybe the exchanges will also ask the same.
In the exchange where I also withdrew USDT(BEP20) going to my Binance account, it cost me $0.50. This is very recent so it must be the most updated fees so far. Huge difference especially when it comes to your local currency.

What casino you are using because that’s a terrible flat rate for Tron network transfer. Even when tron has a busy network before only charge 2$+ for transaction fee while this casino is charging like a ERC20 tokens transfer already.

1$ is still the average price for transaction on exchange like Binance, Kucoin and other big exchange so I’m sure that casino is over charging customers with the fee.

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Quote from: Sayeds56 on November 25, 2023, 04:14:11 PM

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.

The transaction fees of BEP-20 and TRC-20 are almost same, there is not much difference, but what I have noticed that transactions on TRC-20 are processed comparatively faster. However, I am attaching below a link of website that shows the real-time gas fees for USDT transfer to various networks, such as Etherem (ERC-20), BSC (BEP-20), Tron (TRC-20) and Polygon.

https://gasfeesnow.com/?ref=pixeljets.com

Do you think that Trc20 and Bep20 usdt transferring fee is same? Bsc fee is only 0.03 USD and Usdt Tron fee is more than 1$. Bsc is also quick like tron.. I am using BSC network for all transactions and also used tron usdt where exchange not support BSC deposit and I don't see any difference in speed of arriving payment..I think If our transaction could send with just 0.03$ then it is strange to pay extra 1$ for same process.
OP asked a cheaper network between BSC and Trc20.. The right answer is only one which is BSC. In your shared website Tron fee is similar to Ethereum fee which is true and real time fee currently.

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TRC20 and BEP20 networks have different fee structures. TRC20 which is based on the TRON blockchain generally has lower transaction fees compared to BEP20 which is based on the Binance Smart Chain.

But important thing from which platform you want to withdraw you money. If you will use the hot wallet for transaction so I will recommend Trc20 this will be cheaper then Bep20. So you should use that because it will charge fee in Tron.

Or if you have funds in exchange. So I will recommend that you should Bep20 network. Because in exchanges if you will withdraw USDT so it will charge fee in USDT and in TRC20. Mostly exchanges charge 1USDT and if you use Bep20 network so it will charge according to the network fee. Means it can be 0.2USDT to 1USDT.

So now this is your personal decision which network you will use. You can check fee before making transaction. Which you think is cheaper so you can use that 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.

Both of almost charged same fees, there are no significant different between both of transaction fees. In terms of fast transaction i think TRC-20 is the best but an exchanges you have to pay 1$ to make withdraw USDT, i am talking about Binance i don’t know about other exchanges fees.

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Quote from: Sayeds56 on November 25, 2023, 04:14:11 PM

The transaction fees of BEP-20 and TRC-20 are almost same, there is not much difference, but what I have noticed that transactions on TRC-20 are processed comparatively faster. However, I am attaching below a link of website that shows the real-time gas fees for USDT transfer to various networks, such as Etherem (ERC-20), BSC (BEP-20), Tron (TRC-20) and Polygon.

https://gasfeesnow.com/?ref=pixeljets.com

If you select aggressive fees while making transaction on bsc, you will get your transaction confirmed instaneously while paying extra fees of few cents.

I checked site you linked, and fees shown are $1-$2 usd for trc20, and bsc is at 3 cents [1], this could be different yesterday but unless I see it with my own eyes, I refuse tron could have been this cheap.

[1] https://www.talkimg.com/image/NXdhJ

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Quote from: bluebit25 on November 25, 2023, 07:00:33 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?

It is possible that BEP20 will cost less to deliver. But if it's just one transaction, you wouldn't hesitate to pay $1, so the difference between BEP20 and TRC20 is not too much in terms of what you're talking about.

But anyway, I still like TRC20 because I find it very fast. But if you only trade on CEX, there is not much difference in withdrawal fees.

honestly using either both of these doesn't gonna be any problem, sometime CEX always have fixed fee of sending through these two blockchain with the same rate, so basically its the same thing.
but if someone wants to interact with smart contract after ward then definitely BSC is better since unlike tron the smart contract in BSC are quite many and also the capabilities to bridge across various other blockchain make it no brainer to use BSC.
honestly sending USDT using both blockchain will not exceed 1 dollar so personally shouldn't think about the fee in the first place, just think about whether he gonna interact with smart contract afterwards.
but if OP realy concerned about the fee itself he could always see the fee from the latest block and determine it himself since both blockchain fee dynamically changing.

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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.

Just check the withdrawal fees to be sure. Ideally TRC20 should be cheaper to transact when you have frozen a large amount of TRX on your wallet as the transaction would happen fee less. But exchanges levy withdrawal fee in order to promote one option to other. BEP20 is also cheap enough, I had a near instant transaction for BNB worth 10 cents just today. Both of the network should cost over 50 cents to transact but exchanges have their own calculations.

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Those blockhains are so cheap and it doesn't even matter what blockchain you have chosen from your list. I have been actively using TRC20 and BEP20. There are no different in the fees as these are having cheap transfers.
The only thing that makes it different if TRC is a bit complicated and you need to pick bep caused by it's much more simply to use. Those tokens were only costing you a few cents and i think that this shall not be debatable.
Your choices were having low fees. that's why it doesn't even impact your money whether you pick trc or bep. Those all the same. It cost you very small.
You shall not worry about that. I prefer to use BEP as it's much more easy and simple than TRC.

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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?

It is possible that BEP20 will cost less to deliver. But if it's just one transaction, you wouldn't hesitate to pay $1, so the difference between BEP20 and TRC20 is not too much in terms of what you're talking about.

But anyway, I still like TRC20 because I find it very fast. But if you only trade on CEX, there is not much difference in withdrawal fees.

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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.

Honestly, both networks are the cheapest in terms of fees, but naturally, I prefer BEP20 for its significantly lower costs, especially on centralized exchange platforms (CEX). It's good that you brought up this topic before making any transactions. You should always check the fees of each network you will use to transfer your crypto through. It's perfect that you didn't choose the ERC20 network because it's one of the most expensive networks in terms of fees during peak times and network congestion. Fortunately, many other solutions and alternatives are less costly.

It would be best if you also made sure that the address you are sending to has chosen the appropriate network. If the transaction is "on-chain" on exchange platforms, sending to the wrong network may result in losing those funds.

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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.

This depends. If you're using Binance to facilitate the transfers, then BEP20 is around 5x cheaper than transferring USDT on other chains including TRC20.

But if you're making the transfers on-chain (independent of an exchange) then you should use BEP20 since it's more cheap compared to Tron blockchain when you factor in the cost of bandwidth and other tx requirements or just default to TRX for fees — BEP20 is still cheaper.

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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 more cheaper and you should choose depends on what network address you are sending.
Ask your receiver about the BEP20 address because its the best option and you can easily get the address in many exchanges and wallet as this is accepted by many. If you are also buying this in an centralized exchange and with P2P, you should also consider the rate of buying it.

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Ita very simple, BEP-20 is cheaper as it costs only 0.30 USDT as network fee wherein TRC-20 costs 1 USDT as network fee, but as per my personal experience TRC-20 are way quicker than BEP-20 in terms of transaction.

Go ahead with BEP-20 if it's available in the exchange or P2P platform where you are sending these $150, moreover regardless $0.30 or $1 doesn't make huge difference at these are flat rates instead of dynamic or percentage basis. BEP-20 will not be available with all the exchanges.

Topic: TRC20 or BEP20? - page 5. (Read 797 times)