Low Gas Fee Methods: Transfer or Swap USDT ERC-20 Between Trust Wallets

[darwinsz]

Hello community,

I'm looking for the most efficient ways to send or swap USDT (ERC-20) from one Trust Wallet to another Trust Wallet while keeping gas fees as low as possible. Currently, ERC-20 gas fees are around 0.5 USDT, which adds up quickly for frequent transfers.


Does any platform exist where I can link my wallet and drastically reduce fees? Or even a no-KYC casino that allows direct withdrawals to ETH?

[OmegaStarScream]

Could you explain what is it you're trying to achieve exactly? Have you considered simply switching to another chain? You could take all of the USDT you have, deposit it to a CEX, and then withdraw it back (probably paying 1 or 2 USDT as a fixed fee) using another chain. You can then continue to do these transfers pay cheaper fees.

[Orpichukwu]

Does any platform exist where I can link my wallet and drastically reduce fees? Or even a no-KYC casino that allows direct withdrawals to ETH?

Anything that has to do with sending and withdrawing ETH from a centralised platform, be it a casino or an exchange, the fees are always higher than what you are currently being charged as a gas fee.

The best option is to use what Omegastar suggested since you just want your USDT; taking it to one exchange can help, and then you withdraw under any network you are comfortable with, but that should not be ETH because the fee there is not that friendly.

[noorman0]

The wallet platform or transaction frequency isn't the issue here; you need to understand GAS. You can't just set a low fee without checking the current gas recommendation. If you ignore it, your transaction might take longer to process or even fail.

Exchanges typically charge a service fee and a percentage slippage depending on the available route you choose. You can't set this manually. Google AI recommends Curve.finance as the most cost-efficient stablecoin specialist, and 1inch as the second. DYOR

[darwinsz]

Could you explain what is it you're trying to achieve exactly? Have you considered simply switching to another chain? You could take all of the USDT you have, deposit it to a CEX, and then withdraw it back (probably paying 1 or 2 USDT as a fixed fee) using another chain. You can then continue to do these transfers pay cheaper fees.

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

[Orpichukwu]

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

But the only option I know that can be helpful is for you to monitor gas fees. Early in the morning and in the middle of the night, I have noticed fees to be less expensive compared to other times. But then again, you can also use the Eth gas tracker to track the current rate and customise your fee. Trust Wallet has that option.

[OmegaStarScream]

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

In that case, as mentioned above, there is probably no other way to do this other than waiting for the fees to go lower and consolidate everything... but from what I can see, they're already low so I'm not even sure it make much sense to wait.

[FinneysTrueVision]

Gas fees are currently low on Ethereum. You can transfer USDT for around $0.01 in ETH. From what you are saying about paying fees in USDT, I believe you are using the FlexGas feature in Trust Wallet. Wallets have these features for convenience if you don’t have the native gas currency, but it comes with extra costs, that’s why your fees are so expensive.

What you should do is transfer a small amount of ETH into your wallets and this should allow you to pay fees normally for the actual current fee rate.

[asriloni]

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

The best method is using relay bridge. Bridge your USDT in any of your wallet to your main wallet from ETH L1 to the Base L2, it may cost you 1or a bit more cents for each tx. You can also fill your address destination manually, then it can make you feel much easier to consolidate all of your funds into the single wallet. Once you consolidate all of your USDT into the same wallet in L2(base, BNB, Optimism, Arbitrum or whatever it is). You can bridge all of your money to L1 Ethereum again, which may cost you a few cents.

[Kavelj22]

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

Do you call $0,5 to $0,7 expensive rates for a transaction fee? Ethereum network is the most expensive one compared to other networks supporting USD based coins but I think it's not that expensive to spend $5+ in total to move about $300. This is an obstacle with Ethereum not allowing to send from multiple inputs in the same transaction like with Bitcoin.

I thought about how/why you use this number of wallets and have similar amounts. Did you join a contest or an event with multiple wallets?

About your idea to use a casino. It's your worst option because you still have to pay the same fee rate with each transaction. And you won't be able to withdraw full amount before wagering it at least X1 time.

[FinneysTrueVision]

The best method is using relay bridge. Bridge your USDT in any of your wallet to your main wallet from ETH L1 to the Base L2, it may cost you 1or a bit more cents for each tx. You can also fill your address destination manually, then it can make you feel much easier to consolidate all of your funds into the single wallet. Once you consolidate all of your USDT into the same wallet in L2(base, BNB, Optimism, Arbitrum or whatever it is). You can bridge all of your money to L1 Ethereum again, which may cost you a few cents.

Losing ~0.04 USDT in swap fees plus gas costs for 15 different wallets is far less efficient than just sending the tokens directly to the destination wallet on the same chain. You also need to spend gas to do an approval before you can use the bridge. That is 31 total transactions for approvals, bridging out and bridging the consolidated amount back to Ethereum.

Currently, it is extremely cheap to transact on Ethereum. The chain is less busy during certain hours. You can wait a while to try and get the best possible fees.

[drangos]

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

Do you call $0,5 to $0,7 expensive rates for a transaction fee? Ethereum network is the most expensive one compared to other networks supporting USD based coins but I think it's not that expensive to spend $5+ in total to move about $300. This is an obstacle with Ethereum not allowing to send from multiple inputs in the same transaction like with Bitcoin.

I thought about how/why you use this number of wallets and have similar amounts. Did you join a contest or an event with multiple wallets?

About your idea to use a casino. It's your worst option because you still have to pay the same fee rate with each transaction. And you won't be able to withdraw full amount before wagering it at least X1 time.

The charge might appear insignificant, but when you have different wallets it will be expensive. Transferring of ERC-20s has been characterized by a high gas cost. Wagering regulations do not make the use of casinos viable. Another alternative is waiting until gas prices are cheaper or change to exchanges or bridges that have low-cost supported networks.

[noorman0]

The charge might appear insignificant, but when you have different wallets it will be expensive. Transferring of ERC-20s has been characterized by a high gas cost. Wagering regulations do not make the use of casinos viable. Another alternative is waiting until gas prices are cheaper or change to exchanges or bridges that have low-cost supported networks.

Non-custodial wallets should allow users to set custom fees, although transaction fees for tokens are higher than for native coins due to the need to interact with smart contracts.
If a wallet offers unreasonable standard fees, it's likely they're charging hidden fees, such as a service commission fee. Or are you actually referring to a custodial wallet?

[Kavelj22]

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

Do you call $0,5 to $0,7 expensive rates for a transaction fee? Ethereum network is the most expensive one compared to other networks supporting USD based coins but I think it's not that expensive to spend $5+ in total to move about $300. This is an obstacle with Ethereum not allowing to send from multiple inputs in the same transaction like with Bitcoin.

I thought about how/why you use this number of wallets and have similar amounts. Did you join a contest or an event with multiple wallets?

About your idea to use a casino. It's your worst option because you still have to pay the same fee rate with each transaction. And you won't be able to withdraw full amount before wagering it at least X1 time.

The charge might appear insignificant, but when you have different wallets it will be expensive. Transferring of ERC-20s has been characterized by a high gas cost. Wagering regulations do not make the use of casinos viable. Another alternative is waiting until gas prices are cheaper or change to exchanges or bridges that have low-cost supported networks.

Sorry but you didn't explain how it's expensive to charge $0,5 to $0,7 for one transaction transfer. You call it expensive because of many transactions, but as I explained above, I don't call $5 fees to be expensive for a total sum of $300 split among many addresses.

The other alternative you have mentioned doesn't seem to be that realistic because I can't tell how much he would save from that $5 to wait for the network to be less congested. Using alternative bridges might seem more accurate but consider more complexity and time spent.

[drangos]

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

Do you call $0,5 to $0,7 expensive rates for a transaction fee? Ethereum network is the most expensive one compared to other networks supporting USD based coins but I think it's not that expensive to spend $5+ in total to move about $300. This is an obstacle with Ethereum not allowing to send from multiple inputs in the same transaction like with Bitcoin.

I thought about how/why you use this number of wallets and have similar amounts. Did you join a contest or an event with multiple wallets?

About your idea to use a casino. It's your worst option because you still have to pay the same fee rate with each transaction. And you won't be able to withdraw full amount before wagering it at least X1 time.

The charge might appear insignificant, but when you have different wallets it will be expensive. Transferring of ERC-20s has been characterized by a high gas cost. Wagering regulations do not make the use of casinos viable. Another alternative is waiting until gas prices are cheaper or change to exchanges or bridges that have low-cost supported networks.

Sorry but you didn't explain how it's expensive to charge $0,5 to $0,7 for one transaction transfer. You call it expensive because of many transactions, but as I explained above, I don't call $5 fees to be expensive for a total sum of $300 split among many addresses.

The other alternative you have mentioned doesn't seem to be that realistic because I can't tell how much he would save from that $5 to wait for the network to be less congested. Using alternative bridges might seem more accurate but consider more complexity and time spent.

I believe that both of them are right in this regard. Individual charges of 0.5-0.7 ERC-20 are not a big deal in Ethereum terms, but when 10-15 wallets are consolidated, the expenses are evident when compared to the low amounts. The unfortunate thing with USDT on ERC-20 is that it does not really support a batch-send of multiple wallets unless you manage these wallets, of course through a smart contract configuration, something that Trust Wallet users tend to do not do. Casino routing is by no means a good workaround because of the wagering regulations and additional risk. Better alternatives would be waiting till the gas prices decrease, making an exchange deposit (assuming it is permitted) or converting to a less expensive network such as TRC-20 or BEP-20 first.

[Kavelj22]

I have around 10–15 wallets, each one with about 20–25 USDT. I want to consolidate all of this into one single wallet.

The problem is that network fees increased, and now each transfer costs around 0.6–0.7 USDT, which makes it expensive to move everything individually.

That’s why I’m looking for the best and cheapest way to move all the funds into one digital wallet.

Do you call $0,5 to $0,7 expensive rates for a transaction fee? Ethereum network is the most expensive one compared to other networks supporting USD based coins but I think it's not that expensive to spend $5+ in total to move about $300. This is an obstacle with Ethereum not allowing to send from multiple inputs in the same transaction like with Bitcoin.

I thought about how/why you use this number of wallets and have similar amounts. Did you join a contest or an event with multiple wallets?

About your idea to use a casino. It's your worst option because you still have to pay the same fee rate with each transaction. And you won't be able to withdraw full amount before wagering it at least X1 time.

The charge might appear insignificant, but when you have different wallets it will be expensive. Transferring of ERC-20s has been characterized by a high gas cost. Wagering regulations do not make the use of casinos viable. Another alternative is waiting until gas prices are cheaper or change to exchanges or bridges that have low-cost supported networks.

Sorry but you didn't explain how it's expensive to charge $0,5 to $0,7 for one transaction transfer. You call it expensive because of many transactions, but as I explained above, I don't call $5 fees to be expensive for a total sum of $300 split among many addresses.

The other alternative you have mentioned doesn't seem to be that realistic because I can't tell how much he would save from that $5 to wait for the network to be less congested. Using alternative bridges might seem more accurate but consider more complexity and time spent.

I believe that both of them are right in this regard. Individual charges of 0.5-0.7 ERC-20 are not a big deal in Ethereum terms, but when 10-15 wallets are consolidated, the expenses are evident when compared to the low amounts. The unfortunate thing with USDT on ERC-20 is that it does not really support a batch-send of multiple wallets unless you manage these wallets, of course through a smart contract configuration, something that Trust Wallet users tend to do not do.

You are talking about something with very limited options. The comparison is not logic when we say the fee is law for one single transaction, but it becomes high when talking about many transactions. With every network, the fee won't be reduced when sending many transactions because it always depends on the volume of the transaction plus the network congestion.

However I wonder how spending long time waiting the network to get fee reduced is more accurate than spending 0,5 to 0,7 per transaction and save time. Maybe this is good with large amount transactions, but for $5 fee how much can he save? $2 or $3? This is waste of time in my opinion.