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Author Topic: TRC20 or BEP20?  (Read 784 times)
hack3rcon (OP)
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November 25, 2023, 01:46:15 PM
 #1

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

Thank you.
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November 25, 2023, 01:47:31 PM
 #2

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 ?

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November 25, 2023, 01:47:44 PM
 #3

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.

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November 25, 2023, 01:49:19 PM
 #4

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.

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November 25, 2023, 01:55:53 PM
 #5

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.

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November 25, 2023, 01:59:36 PM
Merited by The Sceptical Chymist (2)
 #6

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.

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November 25, 2023, 04:27:02 PM
 #7

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.

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November 25, 2023, 04:31:55 PM
 #8

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.

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November 25, 2023, 04:37:44 PM
 #9

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

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.

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November 25, 2023, 04:43:03 PM
 #10

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. 









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November 25, 2023, 06:55:47 PM
 #11

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

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November 25, 2023, 07:38:35 PM
 #12


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.

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November 25, 2023, 08:14:11 PM
Last edit: November 25, 2023, 08:27:18 PM by Sayeds56
Merited by TimeTeller (1)
 #13

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









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November 25, 2023, 08:19:42 PM
 #14

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.
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November 25, 2023, 08:48:34 PM
 #15

Ita very simple, BEP-20 is cheaper as it costs only 0.30 USDT as network fee wherein TRC-20 costs 1 USDT as network fee, but as per my personal experience TRC-20 are way quicker than BEP-20 in terms of transaction.

Go ahead with BEP-20 if it's available in the exchange or P2P platform where you are sending these $150, moreover regardless $0.30 or $1 doesn't make huge difference at these are flat rates instead of dynamic or percentage basis. BEP-20 will not be available with all the exchanges.









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November 25, 2023, 08:58:49 PM
 #16

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

Thank you.

BEP20 is more cheaper and you should choose depends on what network address you are sending.
Ask your receiver about the BEP20 address because its the best option and you can easily get the address in many exchanges and wallet as this is accepted by many. If you are also buying this in an centralized exchange and with P2P, you should also consider the rate of buying it.

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November 25, 2023, 10:18:14 PM
 #17

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

Thank you.


This depends. If you're using Binance to facilitate the transfers, then BEP20 is around 5x cheaper than transferring USDT on other chains including TRC20.

But if you're making the transfers on-chain (independent of an exchange) then you should use BEP20 since it's more cheap compared to Tron blockchain when you factor in the cost of bandwidth and other tx requirements or just default to TRX for fees — BEP20 is still cheaper.

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November 25, 2023, 10:45:35 PM
 #18

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

Thank you.
Honestly, both networks are the cheapest in terms of fees, but naturally, I prefer BEP20 for its significantly lower costs, especially on centralized exchange platforms (CEX). It's good that you brought up this topic before making any transactions. You should always check the fees of each network you will use to transfer your crypto through. It's perfect that you didn't choose the ERC20 network because it's one of the most expensive networks in terms of fees during peak times and network congestion. Fortunately, many other solutions and alternatives are less costly.

It would be best if you also made sure that the address you are sending to has chosen the appropriate network. If the transaction is "on-chain" on exchange platforms, sending to the wrong network may result in losing those funds.

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November 25, 2023, 11:00:33 PM
 #19

I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?
It is possible that BEP20 will cost less to deliver. But if it's just one transaction, you wouldn't hesitate to pay $1, so the difference between BEP20 and TRC20 is not too much in terms of what you're talking about.

But anyway, I still like TRC20 because I find it very fast. But if you only trade on CEX, there is not much difference in withdrawal fees.









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November 25, 2023, 11:31:44 PM
 #20


Those blockhains are so cheap and it doesn't even matter what blockchain you have chosen from your list. I have been actively using TRC20 and BEP20. There are no different in the fees as these are having cheap transfers.
The only thing that makes it different if TRC is a bit complicated and you need to pick bep caused by it's much more simply to use. Those tokens were only costing you a few cents and i think that this shall not be debatable.
Your choices were having low fees. that's why it doesn't even impact your money whether you pick trc or bep. Those all the same. It cost you very small.
You shall not worry about that. I prefer to use BEP as it's much more easy and simple than TRC.

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