Avoid mining fees for USDT on XanPool
Some of our users complained about high fees on XanPool, especially when they tried to top up their balance on another exchange such as ByBit. Some of them spent up to $30 in fees! The truth is that you can avoid paying these crazy fees if you switch from Ethereum to Tron.
Previously, you might have used XanPool via an exchange such as ByBit, BitGet, and some of them integrated with our platform using ERC-20, which is expensive. This time, just go to our platform directly and log in using your existing account.
Here is a detailed guide on how to save on mining fees.
Step 1: Go to XanPool.com
Log in using your existing account. If you don't have an account, create one.
Step 2: Select Singapore (or the country you're in)
In the list of countries dropdown field
Step 3: Select USDT
In the list of cryptocurrencies dropdown field
Step 4: Click [Xchange]
Confirm and go to the checkout page
Step 5: At the checkout page, select Tron blockchain
Get free mining by choosing Tron instead of Ethereum blockchain
Step 6: Fill in your Tron address, and tick the checkbox
Avoid paying mining fees and confirm that the address belongs to you.
If you use ByBit, you can find your deposit Tron address by going to Deposits -> Select USDT as a coin -> Choose TRC20
Step 7: Review the details and click [Xchange]!
Confirm and go to the payment page
Step 8: Make the payment transfer
Key in the transfer details / Scan the QR code using the bank app. Payment complete!
BONUS: Why does the ERC20 has higher fees than the TRC20?
Some of the possible reasons are:
ERC20 requires more power and resources to mine compared to TRC20
There is heavy traffic on the Ethereum network compared to Tron
The number of projects on the Ethereum network is more than Tron
Ethereum follows proof-of-work so it depends on miners while Tron follows proof-of-stake