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Author Topic: USDT transaction fees on various networks (blockchains)  (Read 349 times)

Offline EnergyFather

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USDT transaction fees on various networks (blockchains)
« on: May 09, 2024, 10:37:57 PM »
Here are current USDT transaction fees on several different blockchains:

Tron – 1.6-3.35 USD (or 0.32-0.67 if you buy energy)
Etherium – 0.69 USD
Binance – 0.12 USD
Ton (telegram) – 0.083 USD
Solana – 0.003-0.005 USD
Polygon - 0.001 USD

It's interesting, that most people I know send USDT via TRON blockchain, despite that its fees are relatively high.

And what blockchain do you mainly use for USDT?
« Last Edit: May 14, 2024, 12:23:18 AM by EnergyFather »

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USDT transaction fees on various networks (blockchains)
« on: May 09, 2024, 10:37:57 PM »

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Offline dkbit98

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Re: USDT transaction fees on various networks
« Reply #1 on: May 09, 2024, 10:48:59 PM »
And what blockchain do you mainly use for USDT?
USDT on Liquid network built on top of Bitcoin is better, fees are cheaper than most you posted above, and they can be confidential transactions.
It's also much easier to swap L-USDT to L-BTC and get back into Bitcoin mainchain when transaction fees are lower.
Supported wallets are Aqua, Green wallet, Jade hardware wallet, ledger wallet, etc.
https://liquid.network
https://liquid.net/wallets
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Offline EnergyFather

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Re: USDT transaction fees on various networks
« Reply #2 on: May 10, 2024, 09:33:49 PM »
Honestly, first time hearing about USDT on Liquid. Sounds cool, but can you please provide some metrics? What are the commissions on USDT transfers, exactly, what is an average transaction speed? And, most importantly, how popular is it? Are there many merchants and exchanges that work with USDT on Liquid? Looking at Binance, their commissions page does not list Liquid USDT at all.

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Re: USDT transaction fees on various networks
« Reply #3 on: May 10, 2024, 10:42:32 PM »
Honestly, first time hearing about USDT on Liquid. Sounds cool, but can you please provide some metrics?
Can't you read the links I already posted above for more information about that?  ::)
Not all centralized exchanges support L-USDT, but there are enough decentralized services and exchanges (Peach Bitcoin, Aqua wallet...) doing that.
Some centralized exchanges are part of Liquid Federation so they should support it, like Bitfinex, Huobi, BTSE and others.
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Offline EnergyFather

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Re: USDT transaction fees on various networks
« Reply #4 on: May 14, 2024, 12:22:39 AM »
Honestly, first time hearing about USDT on Liquid. Sounds cool, but can you please provide some metrics?
Can't you read the links I already posted above for more information about that?  ::)

The links you provided may be informative for you, because you are familiar with the Liquid network well, but it may be it's not so easy to find relative information for someone who is not. I attempted to find USDT transactions using the linked site but it does not seem to be easy.

I created this thread on fee comparisons across different networks for easy reference and comparison. It would be convenient for people to see numbers right in this thread, without having to spend time trying to figure out links. It would be very nice of you if you posted the numbers here.

Not all centralized exchanges support L-USDT, but there are enough decentralized services and exchanges (Peach Bitcoin, Aqua wallet...) doing that.
Some centralized exchanges are part of Liquid Federation so they should support it, like Bitfinex, Huobi, BTSE and others.

I'm asking questions not to stir up controversy, but to understand its current adoption and practical use cases.

From what I can understand, L-USDT is gaining traction but isn't widely supported yet on centralized exchanges. For instance, USDT on Tron or Ethereum is widely accepted across various services for payments. And Liquid looks promising in the long run, but at the moment, practical applications seem somewhat limited.

 

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