USDT Sending Fees - page 3. | Bitcointalksearch.org

masterrex

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Quote from: jerry0 on March 21, 2022, 12:43:56 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.

I was sent some USDT recently using the BSC Bep20 Network and the transaction fee is just $0.10 cents so it's far cheaper compare to TRC20 USDT on Tron Network with $0.80 -$1.00 worth of TRX and ERC20 USDT on Ethereum Network which is also $3-$5 dollars worth of Ether so I guess BSC Bep20 USDT is far more sustainable with in terms of the transaction cost compared to other Network. and I think its unwise to sent USDT in small amounts because it can cost you more money without a purpose.

sulis sudibyo

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the fee depends on the GAS fee. for now GAS is quite cheap at 23-25 Gwei, you can see it here https://etherscan.io/gastracker

and I'm trying to make a USDT transaction for 100$. I see transaction fee -+15$ with 25 gwei. this is quite cheap when compared to yesterday when GAS fee was very high it could reach 90-100 gwei. but when compared to other networks, erc20 is still very expensive.

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Quote from: jerry0 on March 21, 2022, 12:43:56 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.

firstly, it depends on the site that sends you USDT, if it uses the ERC20 network, then it will be USDT which has the ethereum network, it has expensive fees. if he sends you directly on CEX, that's fine, you can choose the network when making a delivery or a withdrawal. You can choose the network you want, such as ERC20, BSC, and so on.

sending $1 is still possible, depending on your needs. however, for the ERC20 network, it seems that the fee required is more than that. remember, the high fee is currently only on ERC20, besides, there are still many people who send $1 using USDT, whether it's to buy something, or just send it. for ERC20 transaction GAS, you can see it at https://etherscan.io/gastracker

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Quote from: jerry0 on March 21, 2022, 12:43:56 AM

If I get USDT and want to send it, what are the current fees to send it to someone else?

Here you go
https://etherscan.io/gastracker

Quote from: jerry0 on March 21, 2022, 12:43:56 AM

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?

Yes as long as you are sending USDT that used ethereum blockchain to your wallet. If you are sending USDT based on another blockchain and it will not be in ethereum network.

Quote from: jerry0 on March 21, 2022, 12:43:56 AM

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.

If your USDT was eth and you will need to pay less fees compared when you are sending it in USDT form. If you are using another blockchain and the fees was almost zero. I'm always using TRON USDT. It needs me to pay almost zero fees.

Quote from: jerry0 on March 21, 2022, 12:43:56 AM

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.

You will be charging the same fees even when you are sending big or small amounts of USDT.

mdzahed134

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There are no fees to receive USDT or any others currencies. In USDT transaction, TRON is the cheapest network fee even you can send USDT(TRON) without any fees in some cases, I'm using a few exchanges where no withdrawal fees on TRON network such as Binance. You have to pay big fees approximately 5$-12$ if you wants to send USDT using ERC-20 network. It's depend on the gas price of the ETH network.

timerland

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Quote from: jerry0 on March 21, 2022, 12:43:56 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.

There are plenty of networks with USDT on it.

If you are concerned about fees at all, definitely don't accept USDT on the ETH network.

It will take at least a few USD to push your transaction for a confirmation (don't try with less gas as you might just waste more money if the transaction fails).

I would suggest going with TRON, BNB, or even potentially FTM based USDT. If you want less friction then potentially Polygon would work as well, but note that services which accept this may be limited.

sunsilk

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To see how much the fee costs as of the moment, you can use this website: https://ethgasstation.info/

And to have an idea and to calculate how much it will cost you to transfer. Check this gas calculator by ethgasstation.

https://legacy.ethgasstation.info/calculatorTxV.php

Well, that's for the USDT in Eth network. Honestly, it has reduced currently because I've seen the gwei has been to high for the past months compared today.

raidarksword

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I never tried using ethereum network on sending my USDT for its really pain in the back with the network fees. The only option I have on tron network and bsc which was really cheap and very fast transfer as well. More transactions I had was Tron, so I am used to that network but since BSC is new it only cost 0.8$ which lesser than Tron.

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Quote from: jerry0 on March 21, 2022, 12:43:56 AM

Now I want to send USDT to someone. If the USDT is ETH, how much fees do I have to pay?

As already stated in previous posts, the fee required for making transaction depends on network state. The more busy the network, the higher fee you have to pay.

Just note that if you send USDT from your own wallet, you don't pay the fee in USDT. You have to pay the transaction fee in ETH.
So, if you have USDT in an address without ETH and you want to make a transaction, you first have to send ETH to that address. This causes you to spend more money. Because you have to pay for two transactions. A transaction for sending ETH to your own address and another transaction for sending USDT.

budz0425

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Quote from: jerry0 on March 21, 2022, 12:43:56 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.

There is no fee when receiving USDT from another user, only the sender will pay fees as blockchain transactions.
As far as I know, the ETH fee is updated regularly depending on the current network status or how busy the network is.
When sending/receiving USDT make sure to use the same chain especially when you are using Exchange, if you are using Metamask then there is no problem you only need to add the smart contract.
Yes, there is BNB network it requires Memo tag,

libert19

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https://www.useweb3.xyz/gas - check 'erc20 token transfer', this is how much you would be paying for ethereum usdt transfer.

On tron, bsc it will cheaper and you will need base token to pay transaction fees on that network (bnb for bsc, trx for tron).

No it doesn't make sense to do small transactions on ethereum network, the transaction fees will be higher that what you send. $1 is huge no.

Cookdata

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Quote from: jerry0 on March 21, 2022, 12:43:56 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?

If you're are receiving Ether from a site and you choose Ethereum network when making a withdrawal, it will certainly be in Ethereum Network

Quote

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.

Transaction Fees depends on how busy the network you are using. If you are using the Ethereum network, you can make check gas tracker.^[1] It displays the current cost that must be paid in order to get a transaction possible. USDT for example will cost you around $5.2 in ETH
Sending USDT via Tron and BSC is less expensive, but you should consider if the recipient supports the network deposit.

Quote

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 doesn't make sense to send 1 dollar USDT through Ethereum, your fees will be bigger than what you are sending.

[1] https://etherscan.io/gastracker

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Quote from: jerry0 on March 21, 2022, 12:43:56 AM

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.

If you are receiver then youll incurred no fees at all. It will be credited on the sender. If you are gonna be the one send usd, if usimg centralized exchange like binance the fee is 10usdt so its advisable to send bigger amount alwayd to used the fee wisely.

If you are using wallet then it will be based on gas fee whether whats network youve used. Sometime on eth is so expensive to send usdt or transfer.

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Quote from: mk4 on March 21, 2022, 12:49:59 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.

mk4

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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.

jerry0

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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.

Topic: USDT Sending Fees - page 3. (Read 400 times)