USDT Sending Fees | Bitcointalksearch.org

Moeda

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Quote from: jerry0 on March 22, 2022, 02:49:02 PM

What exchange can I get Usdt from the Binance Smart Chain or Tron if the only exchanges I can use is coinbase and gemini?

Binance Exchange is one of the trading platforms that has most of the blockchain, so we don't have to choose any other alternative. But if you want low fees, you can use the FTX exchange. In addition, the advantages of FTX can add exchange wallets, so we can make deposits to different wallets. If we make a withdrawal, then the source is out of the exchange address. And we can convert tokens easily without having to trade.

rozak

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Quote from: JayTrain on April 07, 2022, 02:53:02 PM

there are alternative ETH networks, such as polygon, binance chain, solana, where you can transfer USDT and pay 0.5$ or even less for a transaction, I can't brag about ETH, now the commission can reach up to 20-40 $ .So there is a choice and quite a lot.

indeed there are many network options to choose from in USDT transactions. but it also has to look at where we're going to transfer. if the withdrawal is made from a certain website, usually the fee will be more expensive. and there may not be an alternative network provided. it will be different if we make a withdrawal from an exchange or wallet to wallet. we can choose the network that we like.

JayTrain

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there are alternative ETH networks, such as polygon, binance chain, solana, where you can transfer USDT and pay 0.5$ or even less for a transaction, I can't brag about ETH, now the commission can reach up to 20-40 $ .So there is a choice and quite a lot.

mdzahed134

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Quote from: Adbitco on April 06, 2022, 10:45:07 PM

The simplest way to send out payment is on binance peg usdt or ETH, but if withdrawing from website it best advice you using exchange wallet maybe no more charges involved or sending from one wallet to another most times it saves stress of being recked with fees.

If you will send through Ethereum Network than it will always high transaction fees. No matter the transaction is from website or others wallet. ETH is the most expensive network, how it’s a simplest way to withdraw your payment? Where involved crazy fees. USDT is always completable in TRON blockchain, here you can send payment very smoothly and lowest fees.

mumang siat

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Quote from: mk4 on March 21, 2022, 01:49:59 AM

Fees of sending USDT is pretty cheap on any blockchain besides Ethereum which will cost you like $5-10 a transaction on a good day. Unfortunately a lot of exchanges doesn't support USDT withdrawal on other networks besides Ethereum.

If it is calculated that the cost of sending USDT is very cheap on any blockchain, but there are also many exchanges that do not support USDT withdrawals, so many people have to choose exchanges that pay high fees, this is the reason why very few people know how to actually get around the high fees. but in general we can check certain exchanges which have slightly cheaper support and fees

CaptainCrapper

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Quote from: Oshosondy on March 21, 2022, 01:54:27 AM

Quote from: mk4 on March 21, 2022, 01:49:59 AM

Fees of sending USDT is pretty cheap on any blockchain besides Ethereum which will cost you like $5-10 a transaction on a good day. Unfortunately a lot of exchanges doesn't support USDT withdrawal on other networks besides Ethereum.

Also the fee on Omini layer is costly as also on Ethereum network like you said.

Zero fee on Algo network
$1 or less on Tron network
$1 or less on Solana network
$0.8 or less on BSC

Very cheap fee on some other networks too.

BUSD from Binance exchange withdraw fee is zero but all of the fee is maybe near 1$ so its depend on exchange to exchange difference and wallet to wallet if we withdraw TRX its very cheep.

glendall

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Quote from: jerry0 on March 21, 2022, 01:43:56 AM

Imagine sending one dollar USDT to someone.

if you send 1$ at least you have to have 2$ to send usdt to other tron networks, but is it not too wasteful to send 1 $ because as far as I know from exchanges there is a minimum USDT withdrawal limit, different if sent from a TRUST / personal wallet

SistaFista

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Mate, don't use USDT on Ethereum network if you don't want to spend much gas fee.
Other blockchain are better in gas fee, such as Tron, Binance Smart Chain, etc.
I usually using BUSD on BSC network as my stable coin so i don't need to spend too much gas fee in my transactions.

MFahad

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It's usually TRC20 address which the network is TRX, their rates are the best I have seen for transactions fees

Usdt Tron network fee was zero on Binance and other big exchange Withdraw but for some months now all exchanges are charging fee of 1$ which not looking good. Only Gate exchange provide you zero withdraw fee but minimum withdraw limit is high. Now Ustd Tron,Busd,Polygon has the same fee for withdraw from exchange but if you withdraw from wallet then Polygon is cheapest one.

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Quote from: Republikcoin.com on April 06, 2022, 11:14:01 PM

Quote from: Adbitco on April 06, 2022, 10:45:07 PM

The simplest way to send out payment is on binance peg usdt or ETH, but if withdrawing from website it best advice you using exchange wallet maybe no more charges involved or sending from one wallet to another most times it saves stress of being recked with fees.

USDT is a stable token with extensive and super complete network support so that everyone can immediately see the cost of sending transactions according to the network support that is in USDT itself and according to what you suggest it is also very good and not bad to try, even though using TRC20 and BEP20 networks are also very good in terms of saving transaction costs.

USDT charge are simply low, it dot charged as ETH charges. Although it depends on the exchanges you usit to transfer the funds. For instance, Binance is one of the best exchange when it comes to transferring of coins. USDT rates are usually $1. It doesn't extend pass the amount even tho you sending $100 dollar worth of a coin, nothing changes, it's still the same price. It's usually TRC20 address which the network is TRX, their rates are the best I have seen for transactions fees.

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Quote from: Eternad on April 06, 2022, 10:57:19 PM

Quote from: Adbitco on April 06, 2022, 10:45:07 PM

The simplest way to send out payment is on binance peg usdt or ETH, but if withdrawing from website it best advice you using exchange wallet maybe no more charges involved or sending from one wallet to another most times it saves stress of being recked with fees.

How come ETH is the simplest way to send momey while it's slow and the highest transaction fee on all blockchain. The answer on OP case varies on the wallet he is using. Binance BUSD is really flexible among all stablecoins because it charge almost zero fee on Binance exchange for withdrawal while minimal BNB for gas fee for decemtralized wallet. There’s also a bridge available right now on non-custodial wallet so sending tokens in different blockchain is now possible by just paying minimal amount of fee for the blockchain bridge.

Sending USDT trough ETH network is not simple with fees payment almost 15$ until $20 depending each exchange market, but if OP received USDT on his website without any other option have to use with ETH but all website have different fees transaction when withdrawing USDT. Actually on exchange market we have several option choose for sending trough using BSC network have lower fees transaction but we don't know about OP website receiving USDT, does have BSC option network or only have ETH as withdrawing his USDT.

Republikcoin.com

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Quote from: Adbitco on April 06, 2022, 10:45:07 PM

The simplest way to send out payment is on binance peg usdt or ETH, but if withdrawing from website it best advice you using exchange wallet maybe no more charges involved or sending from one wallet to another most times it saves stress of being recked with fees.

USDT is a stable token with extensive and super complete network support so that everyone can immediately see the cost of sending transactions according to the network support that is in USDT itself and according to what you suggest it is also very good and not bad to try, even though using TRC20 and BEP20 networks are also very good in terms of saving transaction costs.

Eternad

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Quote from: Adbitco on April 06, 2022, 10:45:07 PM

The simplest way to send out payment is on binance peg usdt or ETH, but if withdrawing from website it best advice you using exchange wallet maybe no more charges involved or sending from one wallet to another most times it saves stress of being recked with fees.

How come ETH is the simplest way to send momey while it's slow and the highest transaction fee on all blockchain. The answer on OP case varies on the wallet he is using. Binance BUSD is really flexible among all stablecoins because it charge almost zero fee on Binance exchange for withdrawal while minimal BNB for gas fee for decemtralized wallet. There’s also a bridge available right now on non-custodial wallet so sending tokens in different blockchain is now possible by just paying minimal amount of fee for the blockchain bridge.

ardydyon

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basically sending coins or crypto will inevitably incur network fees.
including USD.
for sending usdt from exchange if you send using network
ETH = fee 10usdt minimum transfer 50 usdt
Bep20 = fee 0.8 usdt minimum transfer 10 usdt
solana = cost 1 usdt minimum transfer 10 usdt
tron = cost 1 usdt minimum transfer 10 usdt
more or less the price range if you transfer usdt from the exchange.
but if you make transactions through non-exchange wallets such as trustwallet, safepall, metamask etc
you will be charged gas from the network you choose.
For example, if you send usdt from a non-exchange wallet using the bep20 network, you will be deducted from the cost of gas bnb.
I hope this helps

Adbitco

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The simplest way to send out payment is on binance peg usdt or ETH, but if withdrawing from website it best advice you using exchange wallet maybe no more charges involved or sending from one wallet to another most times it saves stress of being recked with fees.

Xal0lex

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Quote from: jerry0 on March 21, 2022, 01:43:56 AM

If I get USDT and want to send it, what are the current fees to send it to someone else? I know there is no fee for me to receive USDT. Most likely if I'm receiving ETH from a site, it will be in the ETH network?

Example I receive USDT from a website. Now I want to send USDT to someone. If the USDT is ETH, how much fees do I have to pay? What if the USDT I am receiving is Tron or another type of network? I heard there is the BNB network as well.

Does it make sense to send USDT in small amounts as the sending fee could be more than the USDT amount? Imagine sending one dollar USDT to someone.

It's best not to mess with ERC-20 standard USDT, which is based on the ETH blockchain, because there are always high commissions. The price for the transfer can be more than $10 or even higher. It is better to use USDT of TRC-20 standard, which is based on TRON blockchain. Commissions are always low there, even during the hottest altcoin seasons. The price for the transfer will be a few tens of cents. And it is safer to store funds in this blockchain than in USDT ERC-20.

ameliana

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If we send USDT with the Ethereum network, the costs we will incur are very high and especially if we will only send 1 USDT then it is not recommended to use the Ethereum network because other networks such as TRON and BSC are much cheaper than we use the Ethereum network to send USDT. Because all markets nowadays also provide Deposit services for several networks so we can choose one of them.

Rigon

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Depending on the type of platform, the USDT's sending fee is. When you send USDT from trx platform, your 1 to 7 TRX will be deducted as transaction fee.And when you go to send that USDT from ERC platform, you have to pay high rate fee. And when you send USDT from BSc platform, you will go from one to fourteen cent.

NicNacCoin

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Quote from: jerry0 on March 21, 2022, 01:43:56 AM

If I get USDT and want to send it, what are the current fees to send it to someone else? I know there is no fee for me to receive USDT. Most likely if I'm receiving ETH from a site, it will be in the ETH network?

Example I receive USDT from a website. Now I want to send USDT to someone. If the USDT is ETH, how much fees do I have to pay? What if the USDT I am receiving is Tron or another type of network? I heard there is the BNB network as well.

Does it make sense to send USDT in small amounts as the sending fee could be more than the USDT amount? Imagine sending one dollar USDT to someone.

If the USDT is on the TRX platform, then 1 to 3 TRX are required to send. If the TRX is on the ERC20 platform, the transaction fee will be much higher than the USDT.If USDT is on BSc platform then 10 to 15 cents can be sent.

Jasad

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Depending with your website fees transaction, maybe received sending payment from your friend to exchange market you can sending by using USDT with BSC network and almost exchange market fees $1, for USDT with ERC20 or ETH network you spent about 12$ until 15$ depending on market exchange rule and looks expensive fees by using ETH network. You talk about received payment on website but did you see how much fees your website exchange deducted when sending USDT? you have check first before accepted USDT from your friend and better received on exchange market to get lower fees.

Topic: USDT Sending Fees (Read 380 times)