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 ?
Yes, you are right. In other exchanges, BEP-20 is cheaper now, so BSC's network is often congested compared to TRC-20 because there was a time when I saw that TRC-20's fee was
1.2$ or more.
Ethereum has implemented the latest update which was helping to reduce the transaction fees for the L2 blockchains. Since, BEP 20 was also L2 blockchain and it means that transaction will have cheaper fees compared to the non L2 blockchain like tron which is not compatible to the EVM blockchain.
This is my main reason for shifting from the TRX blockchain to the BSC blockchain, considering the fees are very small these days. It requires less than a dollar to make a bunch of transactions.
But even though it's congested in BSC, it's still fine, and the funds that I'm sending arrive at the same destination address that I put in. And now it seems that the TC20 fee has
returned to only $1. But of course there are other still good network that we can still use it to avoid higher fee.
True, but L2 will not make me feel so frustrated as ethereum did with its garbage slow blockchain, which cost me money that I used for lunch. Each Ethereum transaction nearly cost me 50 bucks, which is crazy.
You can imagine spending 500 dollars for around 10 transactions. This can be lower than it when ethereum blockchain gets congested. This makes me feel so frustrated and i jump to the tron but since the latest update cut fees for L2 blockchain and it makes me feel that if dealing with l2 like bsc network is right decision.