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RE: Ridiculous Network Fees | We Are Really Spoiled By Hive

in LeoFinance2 months ago

There’s a trick for USDT transfer from an exchange to another. You can use TRC20 (tron) blockchain instead of ERC20.
Fees are 0 for that :)
What about ADA staking ? How are the fees?

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You mean buy tron first? I'd take note of that next time, if I'd be in another such situation. :)

In ADA, there was 2 ADA fee to activate the staking wallet which will be refunded once you unstake.

Posted Using LeoFinance Beta

No no do NOT buy tron to perform the trick.
When you transfer USDT you have to chose which blockchain to use. Either ERC20 or TRC20 or OMNI. All come with fees associated except TRC20.
It’s a direct transfer from USDT to USDT using the Tron blockchain.

Posted Using LeoFinance Beta

Oh, I see, I see! Though I did not find that option when I transferred out from Bittrex and Abra. I think I see that on Binance. I'd keep that in mind for next time. Thank you! 🙏

Posted Using LeoFinance Beta