Post
Topic
Board Altcoin Discussion
Merits 3 from 1 user
Re: TRC20 or BEP20?
by
Huppercase
on 24/12/2023, 17:51:27 UTC
⭐ Merited by The Sceptical Chymist (3)
Hello,
I want to buy $150 USDT and send it to an address. Is TRC20 cheaper or BEP20?

Thank you.

Currently, Bep20 is cheap, you can use it if you want, and you can easily settle transactions from it with low fees. Although TRC20 has slightly higher transaction fees, most investors use the USDT trc20 platform for transactions. But if you plan to invest, then definitely invest in good coins that will not lose your money.

You need to check well and consider what OP was trying to do. He clearly stated that he want to transfer USDT and I think the reason is could be as a result of high fees on other chains. Typically, USDT is favour by Tether more than BEP-20 because Tron chain was the first to be accepted to mint USDT until when Binance smart chain was built by Binance and then they later join the race. However, BUSD was a Binance business and such didn't go well with Tether and that's why their two favorite chain remain ethereum and Tron but the fees on Ethereum is high, I will recommend Tron over BEP-20.

Tron might be congested because of the activity going on and the hence the fee hike but it's worth it, traditionally all the exchange has TRC20 option on their deposit but I can mention many of them don't support BEP-20 option, now tell me how you need to do when you buy BEP-20 USDT for deposit in case of emergency or any unforseen circumstances? What are you going to do when you don't have exchange like Binance to deposit, it will surely be a problem.