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.
Here is the detailed guide on how to save on mining fees.
Step A: Go to XanPool.com
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.
Step B: Fill out checkout page.
You will need to have a Tron address to save on mining fees. TRC-20 is a similar standard to ERC-20 that you've been using on Ethereum, but because transactions on Tron blockchain are cheaper you can avoid paying mining fees.
If you use ByBit you can find your deposit Tron address by going to: Deposits => Select USDT as a coin => Choose TRC20
Step C: Review the details and click Xchange!
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 Etheruem network is more than Tron
Ethereum follows proof-of-work so it depends on miners while Tron follows proof-of-stake