TRC20 or BEP20? - page 6. | Bitcointalksearch.org

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Sayeds56 on November 25, 2023, 03:14:11 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

Matic has the cheapest for now. But need to check the availability of this network where you want to finally send your funds.
Tron network was cheaper before but now, BSC network seems to be favorable especially if both networks are available.
So the OP should check the availability of these networks and how much each platform is charging their customers.
Sometimes, the fees vary from one platform to another. So there's no fix answer to this question.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: hack3rcon on November 25, 2023, 08:46:15 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

target

legendary

Activity: 2282

Merit: 1041

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.

Rehan Zakir

member

Activity: 812

Merit: 53

If you are sending USDT from a tron wallet then it's transaction fees is very low. I think it's just 5-10 Tron. But if you are sending from exchange the it's fees is 1-5$ on Tron Blockchain.
Bep20 network fees is low and it's fast. It's exchange and wallet fees is same. I think binance is charging 0.20- 0.30$ cents in bnb for one transaction.
So, you can prefer bep20 chain

Sophokles

hero member

Activity: 1232

Merit: 516

Quote from: hack3rcon on November 25, 2023, 08:46:15 AM

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

Thank you.

TRC20 is widely accepted in centralized exchanges when many exchanges don't support the BEP20 version of USDT. I guess this 150 dollars of yours will eventually go to any centralized exchange if it is supposed to be converted into fiat. Centralized exchange is the most convenient way to do that right now as far as I know. You can buy USDT with P2P and a visa card if that is available in your country. Also be careful when selecting the address type as TRC20 is not EVM compatible so their names may look similar but their addresses will not.

libert19

hero member

Activity: 2520

Merit: 952

I just recently used tron, and it's stupid. Afaik, I paid $4 for usdt transfer, bep20 is far better.

Quote from: OmegaStarScream on November 25, 2023, 08:47:44 AM

BEP20 should be cheaper, but TRC20 is more widely used. I'd go with the latter if the plan is to hold this for the long term, there's is no point in holding something that's only supported by one centralized exchange, and a couple of DEXes.

C'mon, not couple dexes. I'm sure each and every bsc dex supports it. TRC20 is widely used only on cexes, because they can stake several thousands tron for free resources and avail free transfers. So pocketing money from users by taking withdrawal fees and at the same time being relatively cheap for user. Both party wins.

Other than that trc20 is expensive to sell on tron dexes and transfer too for normal users.

AbuBhakar

hero member

Activity: 1120

Merit: 554

🇵🇭

Quote from: hack3rcon on November 25, 2023, 08:46:15 AM

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

Thank you.

The difference is just few cents while TRC20 has more liquidity for USDT therefore it’s better to hold your token in TRC20 if you are buying USDT.

In general, BEP20 is cheaper in terms of transaction fee since Tron Network increases their fee lately. But the price in USD value is still the same while TRC20 is widely use in almost all website that accepts USDT.

wallet4bitcoin

sr. member

Activity: 980

Merit: 282

Catalog Websites

Quote from: hack3rcon on November 25, 2023, 08:46:15 AM

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

Thank you.

For some undisclosed reasons, I get people preferring to use trc20 than bep20

If I was to critically analyse why based on on-chain analysis, one of the factors to note is that the trc20 arrives or confirms way much faster than bep20, this is not to say trc20 design is the faster or fastest but I believe its use isn't as much as that of bep20 therefore validations have fewer transactions thereby not having a congested confirmation log to validate but bep20 is in steady use and therfore the tps might be overwhelmed and thereby trigger a bit of delay.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: hack3rcon on November 25, 2023, 08:46:15 AM

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

Thank you.

The transaction fee of USDT on the TRC network is $0.95.

The transaction fee of USDT on the BEP20 network is $0.3.

Transaction fee is different from withdrawal fee and when you said you want to buy then probably it is from centralized exchange where withdrawal fee of each coin is different from one to another platform.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: Nwada001 on November 25, 2023, 08:49:19 AM

TRC-20 is cheap, and bep20 is also cheap. In some exchanges, the fee to withdraw is almost the same thing, which is equivalent to $1 to withdraw out of the exchange. If you withdraw $150, you will receive $149 minus the $1 fee.

On Binance exchange, BEP20 transactions are cheaper, but it can be of the same fee on other exchanges. In over all that I have seen, BEP20 is cheaper.

On noncustodial wallet, BEP20 is cheaper.

Most widely used for USDT, TRC20.

Nwada001

hero member

Activity: 700

Merit: 673

TRC-20 is cheap, and bep20 is also cheap. In some exchanges, the fee to withdraw is almost the same thing, which is equivalent to $1 to withdraw out of the exchange. If you withdraw $150, you will receive $149 minus the $1 fee.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

BEP20 should be cheaper, but TRC20 is more widely used. I'd go with the latter if the plan is to hold this for the long term, there's is no point in holding something that's only supported by one centralized exchange, and a couple of DEXes.

Gladitorcomeback

hero member

Activity: 812

Merit: 619

Quote from: hack3rcon on November 25, 2023, 08:46:15 AM

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

Thank you.

Bep20 is cheaper now because trc20 now charging more fee and it is remain no cheaper network. 2-3 years later TRC20 was most cheapest network and sending fee was just one trx(0.02$) but I checked one year ago by sending usdt to other addresses and trc network charged 2$ per transaction which is higher than many network.

BSC network fee is just 0.05$-0.1$ which is very low as compared to TRC. If you use Matic then it is cheaper than both. BTW you want to buy from Cex ?

hack3rcon

member

Activity: 360

Merit: 10

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

Thank you.

Topic: TRC20 or BEP20? - page 6. (Read 819 times)