-
Bitcoin $96,512.3819
1.42% - Ethereum
$1,822.5851
0.22% - Tether USDt
$1.0002
0.01% - XRP
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0.10% - BNB
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0.98% - TRON
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$88.5890
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$4.2170
1.91% - Dai
$1.0000
0.00% - Monero
$278.6281
0.76% - Bitget Token
$4.3876
0.69% - Ethena USDe
$1.0006
0.05% - Pi
$0.5947
-2.82% - Pepe
$0.0...08716
-1.90% - Aptos
$5.5097
1.70% - Uniswap
$5.3003
0.18%
what network does coinbase use for usdt
Coinbase primarily employs the Ethereum network (ERC-20) for USDT transactions, offering a balance of security, wide adoption, and transaction speeds.
Oct 26, 2024 at 12:53 am
Network Used by Coinbase for USDT
- ERC-20: Coinbase primarily uses the Ethereum network (ERC-20) for USDT transactions. This means that USDT tokens are minted and transferred on the Ethereum blockchain, leveraging its robust infrastructure and wide adoption.
- TRON (TRC-20): In addition to ERC-20, Coinbase also supports the TRON network (TRC-20) for USDT transactions. TRC-20 offers faster transaction speeds and lower fees compared to ERC-20.
- Binance Smart Chain (BEP-20): Recently, Coinbase added support for the Binance Smart Chain (BEP-20) for USDT transactions. BEP-20 provides even lower fees and faster speeds than TRC-20, making it a cost-effective option for transferring USDT.
Key Differences Between Networks:
- Transaction Fees: ERC-20 transactions typically have higher fees than TRC-20 and BEP-20 transactions due to the congestion on the Ethereum network.
- Transaction Speed: TRC-20 transactions are faster than ERC-20 transactions, with typical confirmation times of a few seconds. BEP-20 transactions offer even faster confirmation times.
- Network Congestion: The Ethereum network can experience periodic congestion during periods of high demand, leading to delays in USDT transactions. TRC-20 and BEP-20 are less prone to congestion due to their lower transaction volume.
Recommendation:
The choice of network for USDT transactions on Coinbase depends on factors such as transaction fees, transfer speeds, and the user's preference.
- For low transaction fees and fast confirmation times, TRC-20 or BEP-20 networks are recommended.
- For wider acceptance and compatibility with other wallets and exchanges, ERC-20 remains the most reliable option.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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