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A simple guide to converting USDT ERC20 to TRC20

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2024-01-18 18:09:241929browse

We teach you step by step how to convert USDT ERC20 to TRC20 network. This is because many people like to move the USDT stablecoin from the Ethereum network to the Tron network to save on transaction fees.

So, if you want to convert your ERC-20 tokens to TRC-20, I believe this tutorial will be helpful to you.

如何将USDT ERC20转换为TRC20?快速上手指南

The difference between ERC-20 and TRC-20

ERC-20 tokens and TRC-20 tokens represent the Ethereum network and the Tron network respectively of tokens. There are some differences between the two networks, mainly in the following aspects: First, the Ethereum network often faces congestion and high gas fees, which may lead to transaction delays and high transaction costs. In comparison, the Tron network is relatively less congested, has faster transaction speeds, and has lower transaction fees. Secondly, the Ethereum network has a larger number of users and a wider range of application scenarios, while the Tron network is relatively small. These differences make the choice of using ERC-20 tokens or TRC-20 tokens dependent on specific needs and usage. As a result, the Tron network is faster and has relatively low fees, sometimes even less than $1 to $10, while Ethereum fees range from $3 to $150, possibly higher in extreme cases.

How to exchange USDT from ERC20 to TRC20?

First, you need to prepare a crypto wallet, such as Metamask. Next, prepare a cryptocurrency exchange account that can receive TRC-20 tokens and ERC-20 tokens, as well as some ERC-20 network tokens, such as USDT.

Please note: Normally, Metamask wallet will only display ERC20 network tokens by default. If you need to receive tokens from other networks (such as TRC20), you need to configure the corresponding network in Metamask in advance.

After registering on OKX and completing account settings, you need to enter the recharge interface. In the deposit interface, search and select USDT, then select ERC20 as the deposit method. After completing these steps, you will receive an exclusive ERC20 deposit wallet address. Next, you only need to deposit your USDT in the ERC20 network to the wallet address. After completing the recharge, you can view your USDT assets in your OKX account.

It should be emphasized that OKX not only supports recharge from decentralized wallets such as Metamask, but also supports recharge from other trading platforms. For example, if you withdraw a cryptocurrency supported by OKX on Binance or other platforms and fill in the correct deposit address in your OKX account, OKX will deposit the corresponding funds into your account as long as the other platforms and networks confirm it successfully. . When doing this, always make sure your wallet address is accurate.

2. Since your purpose is to convert your USDT ERC-20 to TRC-20, at this time you can enter the personal center-select withdrawal-search USDT-select TRC20-enter the number you use to receive TRC20 Wallet address - Enter the amount and confirm to complete the withdrawal. After waiting for network confirmation, you will receive the USDT of the TRC20 network in your wallet.

Conclusion

For every transaction on the blockchain, it is always a good practice to carefully check every relevant detail. Especially when sending large amounts of money, be sure to send a small test transaction first to ensure you are sending to the correct address. All transactions are irreversible and if you send them to the wrong address, your coins are lost forever. We hope this article on how to convert USDT ERC20 to TRC20 was helpful to you.

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