USDT TRC20 vs ERC20: what's the difference?

Step by step

1. 1

   Step 1 Know that both are USDT

   USDT exists on several networks, for example Tron and Ethereum. TRC-20 and ERC-20 are the token standards of these two networks: USDT (TRC-20) is USDT on Tron, USDT (ERC-20) is USDT on Ethereum. The coin is the same, but each network keeps its own record: USDT sent on Tron stays on Tron.

2. 2

   Step 2 Tell the addresses apart

   Tron addresses start with T and have 34 characters; Ethereum addresses start with 0x and have 42. Other networks use 0x addresses too, for example Polygon, Arbitrum and BEP-20. So 0x alone doesn't prove Ethereum: your wallet tells you the network.

3. 3

   Step 3 Compare fees and speed

   When you send from a wallet, the network fee is usually paid in the network's own coin: TRX on Tron, ETH on Ethereum. Fees on both networks change over time; on Ethereum they rise when the network is busy. Transfers on both usually confirm within minutes.

4. 4

   Step 4 Check what your wallet or exchange supports

   Open Receive (on an exchange: Deposit) for USDT. The networks listed there are the ones it supports; the address shown belongs to the network you picked. An exchange that lists only one network for USDT accepts only that one.

5. 5

   Step 5 Choose the same network on GlobalSwap

   Tap the coin under “You get”, search for USDT and pick the network your wallet uses: Tron (TRC-20) or Ethereum (ERC-20). The address field then names it, for example “Your USDT address on Tron (TRC-20)”. If your address looks like another network's, we say so and offer to switch.