USDT Transfer Fee:
How Much Does It Cost to Send Tether (USDT)?

Image
Time to read: 10 min

Tether (USDT) transactions are transfers of the USDT stablecoin between cryptocurrency wallets across various blockchain networks. As a widely used digital currency for fast and secure global payments, USDT's value is pegged to the U.S. dollar, providing stability. Every transfer is digitally signed by the sender, broadcast to the blockchain, and confirmed within a block, which makes the transaction (TX) irreversible.

This guide explains how to check the status of a USDT transaction, track confirmed and pending transfers, manage payments, and understand the fees on different networks that support USDT.

What Is a USDT Transaction & How Is It Processed?

A USDT transaction is a transfer of USDT tokens between crypto wallets. Unlike volatile cryptocurrencies like BTC or ETH, USDT is a stablecoin pegged to the U.S. dollar, making it a reliable option for minimizing price fluctuations during transfers. It is issued on over 20 blockchains, including Ethereum, TRON, Solana, and BNB Smart Chain.

The process begins when a user initiates a transfer from their crypto wallet by entering the recipient's address and the amount. The sender's private key then digitally signs the transaction to confirm its authenticity. Next, the transaction is broadcast to the chosen blockchain and enters the mempool, a holding area for unconfirmed transactions. From there, miners or validators select the transaction, validate it, and include it in a new block. Once the block is added to the chain, the transaction is confirmed, and the USDT becomes available to the recipient. The choice of blockchain affects transaction speed and fees.

Buy crypto fast, easily and securely with Switchere!

Buy now

Where Are USDT Transactions Stored?

USDT transactions are permanently recorded on decentralized blockchains, which act as immutable public ledgers. This chain of blocks is distributed across thousands of computers, or nodes, that maintain the network's integrity. Because blockchain transactions cannot be altered or deleted, they offer a high level of security. Every transfer can be publicly tracked and verified using block explorers like Etherscan for the Ethereum network or Tronscan for the TRON network. These tools display transaction history, status, and other key details. The permanent nature of the blockchain means that transactions are stored forever, making accuracy crucial; funds sent to an incorrect address are often unrecoverable.

How to Track USDT Transactions Online

You can track the status of any USDT transaction using a blockchain explorer. Each network has a dedicated explorer, such as Etherscan for Ethereum (ERC-20), Tronscan for TRON (TRC-20), and BscScan for BNB Smart Chain (BEP-20). To track a transfer, copy the transaction ID (TXID) from your wallet or exchange and paste it into the search bar of the appropriate network's explorer. The explorer will display the transaction's status, number of confirmations, and other details.

If a transaction is listed as 'Unconfirmed,' it is still in the mempool waiting to be processed by miners or validators. Once it receives the required number of confirmations for that network, its status changes to 'Confirmed,' and the funds are delivered to the recipient.

Confirmed and Unconfirmed Tether (USDT) Transactions

A transaction is considered unconfirmed until it has been added to a block on the blockchain. The time this takes depends on several factors. Higher transaction fees can incentivize miners to prioritize your transaction, especially on congested networks like Ethereum. Network congestion itself can cause delays, as more transactions compete for limited block space. Finally, the inherent speed of the blockchain plays a role; networks like TRON and Solana are designed for faster confirmation times than Ethereum. A transaction typically requires a certain number of block confirmations to be considered final.

Managing USDT Transactions and Fees

How to Cancel a Tether (USDT) Transaction

Due to the immutable nature of blockchains, a confirmed USDT transaction cannot be canceled. However, if a transaction is still unconfirmed and pending in the mempool, you may have options. The Replace-by-Fee (RBF) method allows you to resubmit the same transaction with a higher fee, which encourages miners to process the new one and discard the original. Another technique is Child-Pays-for-Parent (CPFP), where you create a new transaction with a high fee, incentivizing miners to process both it and the original transaction together. If the transfer was initiated on a custodial platform like an exchange, contact their support team for assistance while it is still pending.

How to Send a Tether (USDT) Payment

Sending USDT is similar to other cryptocurrencies. In your wallet or exchange, start a new payment and enter the recipient's address, making sure it corresponds to the correct blockchain network (e.g., send TRC-20 USDT only to a TRC-20 address). Next, specify the amount and review the transaction fees. Many platforms allow you to adjust the fee, which affects confirmation speed. Finally, confirm and sign the transaction with your private key to broadcast it to the network.

Which Blockchains Support Tether (USDT)?

Tether is a multi-chain asset available on numerous networks, each with different standards and features. It is crucial to send and receive USDT on the same network to avoid losing funds. Key networks supporting USDT include:

  • Ethereum (as an ERC-20 token)
  • TRON (as a TRC-20 token)
  • BNB Smart Chain (as a BEP-20 token)
  • Solana
  • Avalanche
  • Polygon
  • Algorand
  • Tezos
  • The Open Network (TON)
  • Cosmos
  • Polkadot

While USDT was originally issued on Bitcoin via the Omni Layer, minting on that network was discontinued in 2023.

USDT Transaction Fees on Different Networks

Transaction fees for USDT vary significantly based on the blockchain network and its current level of congestion. On the TRON network (TRC-20), fees are consistently low, often costing around one dollar. In contrast, the Ethereum network (ERC-20) is known for higher and more volatile fees, which can range from a few dollars to over $30 during periods of high demand. BNB Smart Chain (BEP-20) offers a balance of speed and affordability, with fees typically under a dollar. Other networks like Solana, TON, and Polygon are also known for their extremely low transaction costs, sometimes just a fraction of a cent.

Choosing the Cheapest Network for USDT Transfers

To minimize costs, select networks known for low fees and high throughput, such as TRON, BNB Smart Chain, Solana, or TON. However, consider that even low-fee networks can experience congestion, which may temporarily increase costs. Also, ensure your wallet or exchange supports the network you plan to use. To further reduce costs, try sending transactions during off-peak hours or consolidate multiple payments into a single transaction.

How to Speed Up a Pending USDT Transaction

If your USDT transaction is delayed, it is likely due to a low fee during network congestion. You can use methods like Replace-by-Fee (RBF) or Child-Pays-for-Parent (CPFP) to increase the fee and encourage faster processing. Some services also offer transaction accelerators, which broadcast your pending transaction to mining pools for a fee to prioritize it.

Conclusion

Tether (USDT) offers a stable and efficient way to transfer funds globally. By understanding how to track transactions, manage fees, and choose the right blockchain network, users can optimize for speed and cost. Networks like TRON, TON, and BNB Smart Chain are excellent choices for affordable and fast transactions, but it's always important to verify network compatibility and monitor congestion before sending funds.

Buy crypto fast, easily and securely with Switchere!

Buy now

FAQ

  • How much does it cost to send USDT?

    The cost varies greatly depending on the blockchain network. Sending USDT on networks like TRON, Solana, or BNB Smart Chain typically costs less than a dollar. However, using the Ethereum network can be more expensive, with fees ranging from a few dollars to over $30 during peak congestion.

  • What is the cheapest network for USDT transfers?

    Networks like Solana, TRON, The Open Network (TON), and BNB Smart Chain are generally considered the cheapest options for transferring USDT, often charging fees of just a few cents or less. Always check current network conditions, as fees can fluctuate.

  • How can I track my USDT transaction?

    You can track a USDT transaction using its transaction ID (TXID) on a blockchain explorer corresponding to the network you used. For example, use Etherscan for ERC-20 USDT, Tronscan for TRC-20 USDT, and Solscan for Solana-based USDT.

  • Can a USDT transaction be canceled or reversed?

    Once a transaction is confirmed on the blockchain, it is irreversible and cannot be canceled. If the transaction is still pending (unconfirmed), you may be able to use methods like Replace-by-Fee (RBF) to replace it with a new transaction, effectively canceling the original.

  • Why must I choose a specific network (e.g., ERC-20, TRC-20) for USDT?

    USDT exists as a separate token on multiple blockchains. The sending and receiving wallets must be on the same network. Sending USDT to an address on a different, incompatible network will likely result in a permanent loss of funds.

Similar guides

Our website uses cookies. Our Cookie Policy