What’s the difference between TRC20-USDT and ERC20-USDT? (2024)

FAQs

Can I send USDT from ERC20 to TRC20? ›

No conversion is required when sending USDT (ERC20 or TRC20) to an external wallet from CoinZoom. You may send ERC20 to an external TRC20 wallet or the reverse.

TRC20, also known as USDT-TRON, is Tether's USDT that is issued on the TRON network. It is a technical standard token, and It works based on TRON's network or blockchain, using TRON's address, which means that all transactions made with the TRC20 take place on the TRON network.

USDT is a cryptocurrency issued by Tether, that is compatible with the Ethereum/ERC20 and Tron/TRC20 networks.

While similar in their usage, ERC-20 and TRC-20 USDT tokens have minor differences that you should be aware of. In most cases, they can be used relatively interchangeably. However, there are some things to be mindful of, such as wallet differences and fees regarding these two token standards.

TRC20-USDT refers to USDT issued on the TRON network, ERC20-USDT refers to USDT issued by Tether on the Ethereum network. The USDT issued on TRC20 and ERC20 are both identical, however fees to transfer this USDT can often be cheaper on the Tron network using TRC20.

Since your purpose is to convert your USDT ERC-20 to TRC-20, at this point you can enter the personal center - select withdrawal - search USDT - select TRC20 - enter your wallet address for receiving TRC20 - enter the amount and Confirm to complete the withdrawal.

The exchanges that currently support TRC20-USDT include Binance, XREX, OKEX, KuCoin, Bitfinex, Poloniex, Bithumb, DragonEx, Gate.io, ZB.com, Bigone and TRXMarket. You can now enjoy better fees when you withdraw USDT from XREX with the support of TRC20-USDT, and the deposit fee is still free.

When you want to send USDT from your wallet, you can simply choose which network you want to send it on, either ERC20 or TRC20 (mobile app) or use the correct wallet address, which is formatted differently for each network.

Freewallet has two types of USDTRX wallet: Mobile Tether TRC20 wallet in multi-asset app – a mobile application with +150 coins including USDTRX. Desktop Tether TRC20 wallet in multi-currency web wallet – the web version of the multi-asset wallet for your PC & Mac.

The biggest advantage of choosing Tron over other network protocols is that it charges almost nothing for transferring your currency from one account to another. Transaction fees are so low that some exchanges charge (0.1 USDT for TRC-20 USDT withdrawals), on the other hand, (17 USDT for ERC-20 USDT withdrawals).

Does Coinbase support TRC20 USDT? ›

Litecoin TRC20 is not currently supported across Coinbase's vast ecosystem.

Please note that Coinbase only supports ERC-20 USDT running on the Ethereum blockchain.

The primary difference between the three most popular token standards is that of the underlying network. While ERC20 tokens are based on the Ethereum blockchain, BEP20 tokens are built on BSC, and TRC20 tokens are based on the TRON blockchain.

The USDT on Coinbase is an ERC20 token on the Ethereum blockchain. At this time, Coinbase does not support the Tron blockchain TRC USDT.

What is USDT TRC-20? USDT TRC-20 is a USD-pegged stablecoin issued on the TRON network. TRC-20 based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps), while allowing users to transact and exchange fiat-pegged currencies across the TRON Network.

Where to buy USDT (TRC-20) You can buy USDT (TRC-20) now via MoonPay. Just use your credit card and enter the desired Solana wallet address to purchase.

Bitcoin TRC20 is not supported by Coinbase.

An ERC20 Address only starts with '0' and 'x'. For example: 0xbc6e. A TRC20 Address only begins with a capital 'T'. For example: T9zG21.

When you send ETH, USDT, or USDC from one wallet to another, you can check the status of the transaction through Etherscan for ETH and USDC, Ethereum-based Tether (ERC-20), and Tronscan for Tron-based USDT (TRC-20).

Does TRC20 have fees? ›

If the account transferring the TRC20 assets does not have sufficient energy, it will be charged a network fee of TRX 4.09668 (~USD 0.26), a huge cost for digital asset businesses processing high volumes of transactions daily.

ZixiPay Wallet is one of the most secure and easy to use crypto wallets in the world. ZixiPay Wallet currently supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Tether (USDT) on TRC20 and ERC20. With ZixiPay Wallet App, you can create a new ZixiPay Wallet or link your existing web wallet on your mobile device.

Tether USD (TRON) Price for today is $1.

Coinbase is offering to convert USDT to USDC with no fees.

Sending crypto from the Coinbase Wallet extension

Select the asset from the Wallet extension. Enter the amount you'd like to send. Enter the recipient's information. Click Send.

You can withdraw any crypto you have directly to a linked Coinbase account. From there, you can convert the crypto to cash and withdraw the funds to a linked bank account. If you don't have Coinbase, please visit www.coinbase.com to sign up.

Does Coinbase accept USDT? Coinbase only supports ERC-20 USDT running on the Ethereum blockchain.

The exchanges that currently support TRC20-USDT include Binance, XREX, OKEX, KuCoin, Bitfinex, Poloniex, Bithumb, DragonEx, Gate.io, ZB.com, Bigone and TRXMarket. You can now enjoy better fees when you withdraw USDT from XREX with the support of TRC20-USDT, and the deposit fee is still free.

What is TRC20 USDT wallet? ›

TRC20, also known as USDT-TRON, is the USDT issued by Tether on the TRON network. It is a technical standard token that runs on TRON's network or blockchain and uses TRON's address, which means that all transactions with TRC20 take place on the TRON network.

Wallet address: A sequence of numbers and characters used to send assets to the Tron wallet. Others can transfer coins to you through the wallet address you provide. A Tron (TRX TRC20) wallet address will have the following format: TBia4uHnb3oSSZm5isP284cA7Np1v15Vhi.