USDT Sending Fees

[jerry0]

So how many total USDT networks are there?


ETH is most expensive


Tron and BSC BEP 20 is cheaper


Then there is talk about BUSD?  BUSD isn't tether correct?  Then people talk about Solana and Matic... which I'm confused what is it?  I heard of solana but these are also usdt coins?  How many usdt networks are there total then?


So for people that want to send usdt a lot but small amounts, what is the preferred network?  BSC BEP 20 or Tron?

[Rengga Jati]

There are some conditions that should be paid attention to:
1. If the USDT is on the wallet like Metamask/MEW or other similar types in which they have been in the Ethereum network, you can only use the Ethereum network to send the USDT. And you can check the gas fee of the Ethereum network at https://ethgasstation.info/ (I suggest you check periodically and find times when the gwei gas is low and not crowded). Ensure that you have an ETH balance in the wallet.

2. If you got the USDT in certain websites/exchange platforms, commonly there will be several conditions also:
a. Do the website provide Ethereum network only, or do they also provide other types of Network like Tron or BSC? If they provide some alternatives, it is better to use other networks besides the Ethereum network. COmmonly Tron or BSC have lower fees.
But, ensure that your wallet destination is also available to accept the USDT in the Tron or BSC wallet, or if not, you will lose the USDT

b. Consider the minimum withdrawal that must be fulfilled. Some websites commonly will have minimum withdrawal and if the minimum withdrawal is about 5$ as an example), you cannot send only 1USDT. And so far, I commonly experience that the fee of using Tron wallet will be around 1$. SO, if you want to only send 1$, I think this is better not to do that.

c. If you are on certain websites, commonly there will be also a table of fees, you canc check the information in the website about the fee. Because sometimes, fees between one website to others will be different, although some may ebalso the same.

[Pandu Geddon]

what the OP needs to make sure of is the address that will receive your USDT. does it support networks other than ETH or not? if it supports you can do it. because now USDT is also available in several networks. depending on the address you are going to.
regarding the fees, I guess you have to do a check on the wallet you are using. like in the Tron network, if I'm not mistaken it requires $ 1 to make a transaction. but usually, it will be different for each platform you use.

[cabron]

Withdrawing USDT (ERC20) from exchanges though is costly, tried it once, and it's more than $20. You will have to spend ETH too when sending the USDT to another ETH wallet, that's a lot to waste but on the other hand, you can use BTC in LN for the cheapest possible. It's your choice.  I find it no reason to send USDT (TRC20) unless you are just moving from one exchange to another. Can users cash out (TRC20) USDT or in the BSC network?

[hosseinimr93]

So how many total USDT networks are there?

You can see the list of USDT networks on Coingecko or Coinmarketcap.

On Coingecko, click on 3-dots button in front of "Contract".
On Coinmarketcap, click on "More" button under "Contracts".

Then there is talk about BUSD?  BUSD isn't tether correct?

BUSD is another stablecoin which is pegged to dollar too. It has been issued in partnership between Paxos and Binance.

[Jackl87]

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.

First of all if you are the receiver you never have to pay any fee as the fee is always paid by the sender of the transaction no matter on what network you are sending/receiving the transaction. To your other question, the fees that you have to pay in order to send some USDT to someone depends heavily on the network that you want to send the USDT on. If you are choosing the Ethereum network then at the moment you would have to pay around 7 USD worht of Ethereum for a USDT transaction, which is quite a lot so it would not make sense to send 15 USDT to someone on the Ethereum network at the moment in my opinion. If you send the USDT on the BSC for example the fees are around 0,10 USD worth of BNB.

[Moeda]

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.

Transaction fees depend on the blockchain you are using. If USDT the Ethereum blockchain of course costs a little more than other blockchains. My advice, if you want to send USDT in small amounts, then choose the BSC blockchain, the fees are much lower than others. Some platforms even charge zero.

[jerry0]

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

[hosseinimr93]

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

According to this article, seems that USDT isn't available on Gemini at all. Instead of USDT, they have their own stable coin which is Gemini dollar (GUSD).
And according to this guide, tether is available on coinbase. But they only support ethereum chain.
So, if you want to have USDT on Tron or binance smart chain, you have to use another exchange.

[jerry0]

That is what I read as well.  So what exchange can I use then?  The issue is I can't use other exchanges due to where I'm from.

[ItsCrafty]

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 am surprised to see that Full member with 1k+ users did not know that there is Bsc network also.
Eth fee is depend upon Gwei. If you send when Gas fee high it will 20$+. Normal fee is 8-10$ for single transaction.
Trc20 fee is almost nothing. Polygon fee is nothing. If U send Usdt Trc 20 from Gate exchange the fee is zero.

[jerry0]

I don't have any experience with usdt which is why I ask these questions.  I had thought when you send usdt, it would deduct usdt as the fee.  Then I found out that wasn't how it works.


So for small amounts if you want to send, it only makes sense to use bsc and tron then correct?

[Anguwa]

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.

Actually, just like other blockchains, sending USDT from one wallet to another costs a transaction or network fee. USDT has several networks, and transaction fees vary depending on which network you use.
The transaction price for Tron link networks (TRC20) is $1 per transaction, but the Ethereum USDT network charges up to $30 for transactions, and so on.

[Imran232]

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Though your answer is not clear to me, I understand that your queries are regarding USDT fees. Okay, let me explain everything. For usdt sending, there are two questions.The first is centralised, and the second one is decentralised. First of all, if your fund is in a decentralized wallet, then it will cut fees according to its nework cost. The amount won't be cut in USDT, but it will cut the fees in the network coin.

For Decentralised Network:

ETH: $10-$100+ ETH DEPENDING on GWEI.
BSC: $0.05-$1 BNB depending.
TRON: Most of the time, it charges 1–5 TRON. which is equal to $0.08 to $0.4.
Algo: Almost No Fees!
Solana: $0.01-$0.5+ Sol depending.

There are more networks. Because usdt is in every network, that is why in a decentralised case, usdt fees depend on the network.

In a centralised case, most of the cases and most of the exchanges are cut at $15-$50. And they cut the fees in USDT coins. However, if you had usdt in a centralized exchange and wanted to send it to someone, then ask him to receive fund tron or bsc network, there may be a fee of up to 1 usdt.Why do I suggest two? Because most of the exchanges support Tron USDT, so this might be an alternative to avoid USDT high fees.
 
This is my opinion, and I use it: if I don't need funds in an ETH network, I don't accept funds in an ETH network.I always try to choose between BSC and TRON. If BSC is not supported, then TRON. Thank you.

[lobo13hf]

Okay so how many networks are there with USDT?  Is it this below or not?  I heard algo and solana as well but those are different?


ETH
Tron
BNB
BSC
BSC Bep20

It must be more than it You can visit this link and then click on more. https://coinmarketcap.com/currencies/tether/ You will be seeing whole of blockchains that used by USDT right now. It has used so many blockchains.

So if you are receiving USDT from someone, it will most likely come from the ETH network unless otherwise stated?

If someone was sending you TRON USDT and you will be receiving TRON USDT, If someone was sending you ERC USDT and you will be receiving ERC USDT. That's why exchange site give you so many options to choose which blockchain that would be used to send your USDT.

Now if are planning to buy or receive USDT and want to send it with the cheapest fee possible, you want the USDT on which network?  Either Tron or BSC Bep20?  Can someone here quickly summarize the exact or approximate fees for each USDT right now when sending?  I know ETH is far the most expensive.  But USDT on the BSC Bep20 network is only 10 cents?  So why do people all not use that one then?

BSC and TRON are the best options for the cheapest fees to send or receive your USDT.

[TelolettOm]

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 is better not to send someone USDT if only 1$. Why? Because even we are using network like Tron or BSC network, the cost is commonly also $1, except maybe in several certain websites or exchanges that are zero fee.
Moreover, if we send using the Ethereum network, of course, the fee will be higher.

That is what I read as well.  So what exchange can I use then?  The issue is I can't use other exchanges due to where I'm from.

Actually, your question has been answered by @hosseinimr93
Try to read the article that he gave and search for other articles in Google about what exchanges are available for BSC (Binance Smart Chain Network) or Tron which are lower fees

[Jasad]

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.

[NicNacCoin]

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.

[Rigon]

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.

[ameliana]

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.