Reduce the gas fees

[laco575]

Hi, how can I reduce the gas fees when sending USDT from a cold wallet? It usually costs 13 TRX per transaction. Thanks!

 

[AlexKoro]

Hi, how can I reduce the gas fees when sending USDT from a cold wallet? It usually costs 13 TRX per transaction. Thanks!

You need to stake TRX (freeze) to get Energy ,500-1000 TRX will be enough to get 1-2 free or 1TRX tx per day.
You can unfreeze it after 3 days if needed.

 

[RichMedusa]

Couldn't you send using another network like BEP-20?

 

[SocialHook Media BH]

I recommend using networks like Bep20 or Polygon. Way less hassle and transactions are cheap

 

[laco575]

Thank you for your reply. I still need to learn more about cryptocurrencies. Right now, I'm not clear about the differences between USDT on different blockchains or whether they are interoperable. In daily use, the USDT I come across is mostly on the Tron network.

 

[laco575]

I recommend using networks like Bep20 or Polygon. Way less hassle and transactions are cheap

I just learned from ChatGPT that BEP-20 and TRON are not interoperable and need to be converted through an exchange.

 

[Salamouna]

You can use a service like https://fee.boo/

 

[AspiringNomad]

@laco575 think of it like this:

• The cryptocoin is the "item".
• The network is the "transportation system/method" dedicated to transporting that item.

The way I wrap my head around it is to relate to real-life. If you want to send an item somewhere, you can send via different transportation methods (air, boat, car, bike, etc). Each transportation method will have its unique characteristics: speed (how fast the item arrives), cost (so called "gas fees", like petrol, tolls, etc in real life), and compatibility (just as UPS for example won't deliver a FedEx package, USDT on the Tron network won't get delivered to a USDT account on the Ethereum network).

The way to reduce the gas fees:

• Send during off-peak hours (when the network / transportation system is less busy). That would normally be nights and weekends.
• Use a crypto exchange/wallet that offers "staking" (research what that means) for USDT. Fund that account (or transfer from your cold wallet) to use both for your transactions and to separately hold a batch of USDT specifically for staking on that platform. Staking is similar to having a savings account in a bank, where the bank gets to use your money and pays you interest for that. Note that just like a savings account though, you can't use that staked batch of coins for a specified period (some services make an exception to that). Anyway, the idea is that whatever you earn from that staking, you then use against your gas fee.

And whatever you do, do not send USDT from one network, say Bep20, to the network that the recipient expects, say TRON like in your case. Again, that's like mixing up UPS with Fedex - your coins will never arrive

 

[laco575]

@laco575 think of it like this:

• The cryptocoin is the "item".
• The network is the "transportation system/method" dedicated to transporting that item.

The way I wrap my head around it is to relate to real-life. If you want to send an item somewhere, you can send via different transportation methods (air, boat, car, bike, etc). Each transportation method will have its unique characteristics: speed (how fast the item arrives), cost (so called "gas fees", like petrol, tolls, etc in real life), and compatibility (just as UPS for example won't deliver a FedEx package, USDT on the Tron network won't get delivered to a USDT account on the Ethereum network).

The way to reduce the gas fees:

• Send during off-peak hours (when the network / transportation system is less busy). That would normally be nights and weekends.
• Use a crypto exchange/wallet that offers "staking" (research what that means) for USDT. Fund that account (or transfer from your cold wallet) to use both for your transactions and to separately hold a batch of USDT specifically for staking on that platform. Staking is similar to having a savings account in a bank, where the bank gets to use your money and pays you interest for that. Note that just like a savings account though, you can't use that staked batch of coins for a specified period (some services make an exception to that). Anyway, the idea is that whatever you earn from that staking, you then use against your gas fee.

And whatever you do, do not send USDT from one network, say Bep20, to the network that the recipient expects, say TRON like in your case. Again, that's like mixing up UPS with Fedex - your coins will never arrive

Great explanation. However, I still have some concerns about staking. I’ll try using a service provider that exchanges TRX for Energy — it seems like a good way to save a lot.

 

[AspiringNomad]

Great explanation. However, I still have some concerns about staking. I’ll try using a service provider that exchanges TRX for Energy — it seems like a good way to save a lot.

Ah, I have never tried that. If it turns out to be a good solution, feel free to provide an update here. I am always on the lookout for how to lower those costs!

 

[gintsu]

Hi, how can I reduce the gas fees when sending USDT from a cold wallet? It usually costs 13 TRX per transaction. Thanks!

TRX/TRC20 requires you to stake a bunch of TRX in order to get free energy, this gives you a couple of free transactions a day. Personally I’d advice you with using cheaper chains like BASE, ARB, BSC, POL or even ETH (yes, it has become pretty cheap in terms of transaction fee).

Ironically TRX started off as a cheap way to send payments, but completely transformed into one of the most expensive ones unless you’re actively staking.

 

[MarketPeople]

Hi, you can use Tron Wallet with the GasFree wallet version for USDT on trc20 network to not pay any fee

 

[ozuma]

TRC20s are crazy expensive for smaller transactions unless you’re actively staking TRX - my advice would be switch to cheaper chains. There’s pretty much unlimited options these days.

 

[Crytononame]

think of it like this:

• The cryptocoin is the "item".
• The network is the "transportation system/method" dedicated to transporting that item.

Dude, this is hands down the simplest and clearest explanation of the crypto market I've ever read on this forum!!!

 

[Harry Gray]

staking TRX can give you free transactions by reducing dependency on TRX gas fees