TRON at a glance
TRON is a blockchain-based decentralized open source platform founded by the Chinese company TRON Foundation, which is registered in Singapore. The main cryptocurrency platform is TRONIX (TRX). For the first time, the platform became known in the summer of 2017 from the Chinese entrepreneur Justin Sun.
Transaction processing speed in the TRON blockchain
The network is capable of processing about 1 500 transactions per second. The speed will directly depend on how many users are currently making transfers. On average, it will take up to 3 minutes to confirm your transfer. As the number of active nodes increases, this time may change.
TRON network fee
The highlight of the Tron cryptocurrency is the complete absence of fee for transfers. This means that the funds that you send to another wallet will arrive in full. The absence of miners eliminates the need to pay them a reward.
TRON has free bandwidth — traffic. The traffic is piling up. It allows you to make transactions on the TRON system without using fuel. If your traffic runs out, you will have to send transactions with a small fee.
Brief Information on USDT (TRC-20)
Tether (USDT) was created by Tether Limited in 2014. The developers were able to qualitatively implement a curious idea — to combine a real-life currency and blockchain technology. As a result, the USDT stablecoin appeared — its rate is almost always equal to 1 US dollar. In 2019, USDT was released on the TRON blockchain using the TRC-20 protocol.
USDT smart contract
Our exchanger only sends transactions to the original USDT contractin the network TRX. Transactions are not sent to addresses of third-party contracts.
Transaction processing speed in the TRON blockchain
The network is capable of processing about 1 500 transactions per second. The speed will directly depend on how many users are currently making transfers. On average, it will take up to 3 minutes to confirm a transaction.
FAQs
Exchange in 3 steps
Can I send Tron to TRC20? ›
The TRON network allows you to send TRON tokens, such as TRC10 and TRC20 tokens, without having to pay network transaction fees. This can be done by freezing some TRON (TRX) in your wallet to get resources such as energy and bandwidth, which can be used to send TRON tokens.
Which exchanges support TRC20? ›
Most crypto exchanges, like Binance, Bitfinex, Kucoin, etc., support the token. Crypto traders can swap it with other tokens and vice versa. The same goes for wallets. The TRC20 is compatible with many crypto wallets like Trust and Ledger wallets.
Can I transfer TRC20 to ERC20 wallet? ›
To swap USDT TRC20 for ERC20, you need to bridge between these two distinct blockchains. This involves sending USDT on TRON to an exchange that can convert it to USDT ERC20 and then sending it to a compatible wallet.
Can I use TRC20 to transfer USDT? ›
In this wallet you can receive both USDT (ERC20) and USDT (TRC20). 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.
Can I swap Tron to USDT? ›
Current TRX to USDT exchange rate
1 TRX equals 0.14 USDT. The current value of 1 TRON is +0.82% against the exchange rate to USDT in the last 24 hours. Create a free Kraken account to instantly convert TRX to USDT or trade TRX/USDT markets today.
Is Tron TRC20 the same as USDT TRC20? ›
TRC20 is the token standard used to build smart contracts for tokens on the TRON blockchain. Also known as USDT TRC20, developers use the protocol to create tokens compatible with the TRON network.
What wallet supports TRON TRC20? ›
There are several wallets that are compatible with TRC20 tokens like USDT. Some popular options include Trust Wallet, TronLink, and Ledger Wallet. These wallets allow you to securely store, send, and receive TRC20 tokens on the TRON blockchain, including USDT.
Can I receive TRC20 on Coinbase? ›
Litecoin TRC20 (LTCT) is not tradable on Coinbase.
What is the best wallet for USDT TRC20? ›
A: The best USDT wallet for TRC20 is the Binance wallet. It supports all the different Tether USDT tokens. Another wallet that supports TRON USDT is Trust Wallet.
Allbridge Core offers seamless cross-chain swaps of USDT TRC20 to ERC20, enabling transfers between Tron and Ethereum blockchains. Beyond USDT, our platform also features USDC and BUSD stablecoin transfers at launch, with more networks and tokens added to the roadmap in the future.
How to convert USDT TRON to USDT ERC20? ›
Exchange USDT (TRC-20) to USDT (ERC-20)
- Enter the desired amount of Tether (TRC20) and write your wallet address to receive currency.
- Send Tether (TRC20) to the address from your order, after the required network confirmation, Tether (ERC20) will be sent instantly.
USDT with the TRC20 standard is a token issued by the Tron blockchain. To send USDT-TRC20, kindly ensure that you already prepared TRX (Tron) to pay for the gas fee. Kindly prepare the same token as the Gas fee for the transfer of other tokens which have the same standard as above.
Where can I withdraw TRC20? ›
Log in to XREX and go to Wallet. Click Withdraw and select USDT. Click Blockchain withdraw. Select whether you want to use ERC20 or TRC20 and enter the receiver's USDT address.
Which app supports USDT TRC20? ›
With Bitget Wallet, you gain seamless access to the rich TRC20 DApp ecosystem, enhancing your crypto experience. Not just limited to TRC20, Bitget Wallet supports over 100 other mainnets, making it a comprehensive digital asset management tool.
How much is the transfer fee for Tron TRC20? ›
TRON Network Fee
| Action | Network fee | Confirmation time |
|---|
| TRX transfer | $0.15 = 1.1 TRX | ~3 sec |
| TRC20 token transfer | $1.79 = 13.3959 TRX | ~3 sec |
There are several wallets that are compatible with TRC20 tokens like USDT. Some popular options include Trust Wallet, TronLink, and Ledger Wallet. These wallets allow you to securely store, send, and receive TRC20 tokens on the TRON blockchain, including USDT.
Is Tron TRC20 or ERC20? ›
ERC20 is a token standard that implements API functionality for tokens within Ethereum smart contracts, while TRC20 is a token standard used for Tron assets.
How to swap TRC20 to TRX? ›
Choose the exchange pair: Tether USD (TRON) vs TRON, in this case. Enter the address of the recipient to process the Tether USD (TRON) - TRON transaction. Check the rate: how many USDT in TRON you'll receive. Confirm the transaction, make the deposit, and you've converted 1 Tether USD (TRON) to TRON!
