USDT or BNB? - page 9. | Bitcointalksearch.org

elisabetheva

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Quote from: martina14 on November 28, 2021, 02:17:43 AM

Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

I think this would depend in the network you are preferred to use dude, if you want a cheap transaction fee I think BSC, Matic, TRC20 is one of the good for this matter, and the most expensive charge fee for sure if your gonna use the ERC20 for this thing. That's all I can say about it, though there are some network were you can able to use like SOL, AVAX but I never try it yet.

for now it is clear that avoiding the erc20 platform is the best way, and using other platforms including is the way to go. the binance platform, trc20 I've used seems like the best alternative so far. will this also survive if the supporting coins have also increased sharply like ethereum? It's hard to speculate right now, everyone will experience the same thing later.

martina14

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

I think this would depend in the network you are preferred to use dude, if you want a cheap transaction fee I think BSC, Matic, TRC20 is one of the good for this matter, and the most expensive charge fee for sure if your gonna use the ERC20 for this thing. That's all I can say about it, though there are some network were you can able to use like SOL, AVAX but I never try it yet.

thesosorr

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It depends on what network you are going to use. If you use the ETH or ERC20 USDT network in swap tokens, of course the costs are very large when compared to sap with the BNB or BEP20 network. It costs much less than ERC20 because it has something to do with the price of coins (ETH and BNB).

MAAManda

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If you want to try swapping on Pancakeswap, it's better to use Binance Coin (BEP20), because BNB is a native token that is also used as gas on the Binance Smart Chain network. This is just a suggestion, all the choices are yours Grin

Quote from: mr.robot8 on November 27, 2021, 02:37:20 PM

I think it is easier to swap, transfer usdt because you can choose the blockchain on which to send it as an eth token the fees are about 9 or 10 dollars, on bsc they are a few dollars, if sent on the tron / trc20 network the fee is only of $ 1

We are not talking about networks (ERC20, BSC or TRC10/20) here

mr.robot8

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I think it is easier to swap, transfer usdt because you can choose the blockchain on which to send it as an eth token the fees are about 9 or 10 dollars, on bsc they are a few dollars, if sent on the tron / trc20 network the fee is only of $ 1

alpamar99

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You have to have your own considerations there but if you want to exchange tokens, maybe BSC is more recommended in my opinion because in gas it is possible for BSC to be smaller but you have to see what tokens you want to exchange.
not without anything because the network is quite influential in the exchange, especially in gas, and you have to pay attention to that.

Jackl87

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

I think you need to do a little more research about the origin of blockchains because your question does not make sense. You need to check out how blockchains are working and the different ecosystems that exist out there and what similarities they have and what separates them from each other. Examples for different ecosystems are Ethereum, Solana and the Binance Smart chain.
The Binance Coin (or BNB) is the native token of the binance smart chain and USDT is just a token that exist on the bsc but also on the ethereum network. At the moment the binance smart chain is way cheaper than ethereum, that is also the reason why a lot of people and projects switched to the bsc in the last few months.

masterrex

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

I think you're not aware that USDT was in circulation with different blockchains, You can find and use USDT in, Omni, Erc20, Trc20, and Bep20, Bep2, and some layer2 Blockchain, I tried that all, and base on my experience Bep20 is the cheapest But im not sure if that is what you mean. But let me tell you that swapping in different DExs may vary its fees. Binance coin is in Bep2 and Bep20 and both have a different range of fees also.

makishart

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

It doesn't matter what kind of token that you want to swap it but as long as it operates in the binance smartchain and that would not be different. You will pay the fees in BNB. I guess you meant about binance smartchain caused by USDT was also having smartcontract on binance smartchain. If you're wanna avoid volatility and USDT should become the main choice to swap your token but if you're thinking BNB was profitable enough and then you can pick binance coin to swap your token. The fees in BNB was different with uniswap.
The swapping process on binance smartchain was so cheap compared when you'er swapping it in ethereum blockchain. I thought that USDT much more preferable when we are in the bearish trend like this.

ice18

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

Hi which dex exchange are you asking here? Both BNB and USDT can be swap in minimal fees if you are using the BSC network, trading fees is like below $1. Unlike in eth network it will cost you too much since eth skyrocketing this past few months, cost can be as high as $250 like in Uniswap.

_IRMAN

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

Swap where do you mean? USDT is on many networks, and of course has different transaction fees for each network

EmmaGod

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There are several blockchain networks that use USDT, though the most popular are ethereum, tron and bnb. That's the ones that are available at many centralised exchange. When making a transaction either for swapping or transferring tokens, one needs to be mindful of the fact that every blockchain has their fees and they are different.

Swopon

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Gamdom

Network is the main factor here to determine it. We all know that eth network is higher in comparison with BNB. If you would like to spend less gas fee, you should go for using BNB based network. Because of expensive fee in Eth network.

Smitty Werben Man Jensen

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

As far as I know if you swap from BNB to USDT and vice versa,
you have to have BNB in your wallet too, because swaps need cost money, but don't worry,
the fees won't be up to $1 or $10, if you're still using the Binance smart chain.

Ararbermas

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

i think it depends which platform you want to use for swapping.. Because sometimes most of them has different fees, but base on my experience using bnb network such BEP20 through apeswap, if i remember it correctly the fees is too cheap, it took me cents for swapping my token.. And also when it comes USDT i think TRC20 network has a cheaper fee compared to other network itself..

Jontokhan65

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

In my opinion, it would be better to do it with Binance because I have been doing it for a long time. It always takes less free at Binance. You can use USDT if you want. If you want to do it with USDT then don't do it with USDT ERC-20 USDT ERC-20 will always take more free. Can do with USDT Bep-20. But it will be better with Binans and less free.

bitLeap

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for exchange it should be seen from the network you use on the market that is GAS. well from here we can determine whether you use the ETH or BNB network. if you use an eth-based network, of course judging by GWEI at that time, it could be expensive and it could be cheap. and if you go through bnb it's usually lower.

JeWay

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Actually it's almost the same if you just want to swap, even if there is a difference I don't think it will be too much in this case,
so you just have to adjust it with what coins you like to swap.

Charles-Tim

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

Which one is more cheap for the swapping? The Binance Coin or USDT?

It depends

For ERC-20 USDT, the fee is much more higher.

There is another which is the one built on Tron blockchain, but I do not know if it is swappable, but there should be a decentralized exchange which is TRC-20 which can make the swapping possible. I do not know much about altcoins.

USDT built on Binance Chain (BC or BEP2), if existing, the fee will be much lower than that of the one built on ethereum blockchain and you can compare the fee as the Binance coin (BNB) on BC which should be the same.

On Binance Smart Chain (BEP20), the fee is much more lower, BNB and USDT are both on BSC, the fee also is both low and should be the same.

hosseinimr93

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You are probably talking about swapping tokens on decentralized exchanges like Uniswap and Pancakeswap?

The fee you have to pay is the sum of the transaction fee and trading fee.

Trading fee is a percentage of the trade volume and shouldn't be high. (It's usually between 0.1% and 0.3%.
The transaction fee depends on the network state.

If you use ERC20 USDT or any other token on ethreum network, you will have to pay a very high fee. (It should be at least 50 dollars at the current rates, if I am not wrong.)
If you use BNB or any BEP20 tokens on binance smart chain, the required transaction fee would be much lower.

Topic: USDT or BNB? - page 9. (Read 1338 times)