The landscape of stablecoin transactions on BitMEX is evolving. Starting next week, users will gain expanded flexibility in how they deposit and withdraw USDT, with the introduction of USDT-TRON (TRC-20) support alongside the existing USDT ERC-20 option. This marks a significant step toward a more seamless, cost-effective, and user-centric experience.
Since Q4 2021, BitMEX users have been limited to handling USDT exclusively over the Ethereum network. While reliable, this setup often meant higher gas fees and slower confirmation times during peak congestion. The upcoming update changes that by introducing multi-network support for USDT, beginning with the TRON blockchain.
👉 Discover how multi-chain USDT support can save you time and fees today.
What Multi-Network USDT Support Means for You
With this enhancement, users can now deposit and withdraw USDT using either the Ethereum (ERC-20) or TRON (TRC-20) networks—whichever best suits their needs. Whether you're prioritizing network speed, lower costs, or compatibility with other platforms, the choice is yours.
All USDT balances, regardless of the network used for deposit, will be pooled into a single unified balance within your BitMEX wallet. For example:
- Deposit 1,000 USDT via ERC-20
- Deposit 300 USDT via TRC-20
→ Your wallet shows a total of 1,300 USDT
This unified balance model simplifies asset management and ensures full usability across BitMEX’s suite of services. You can:
- Trade USDT-margined derivatives (e.g., ETHPOW contracts)
- Use the crypto converter to swap between assets
- Participate in earn programs offering yield on USDT
- Engage in spot trading with USDT pairs
All of these features remain accessible regardless of which network your USDT originated from—thanks to the fungibility of USDT across chains on our platform.
Moreover, withdrawal flexibility is preserved. You can deposit USDT via ERC-20 and later withdraw the same funds via TRC-20, or vice versa. This cross-network functionality gives you greater control over transaction costs and timing.
Important: Always verify your address format before sending funds.
- ERC-20 USDT addresses begin with
0x- TRC-20 USDT addresses begin with
T
Sending USDT to an incorrect address or network may result in irreversible loss of funds.
How Multi-Network USDT Works
Stablecoins like Tether (USDT) are designed to maintain a 1:1 peg with the U.S. dollar and exist across multiple blockchains. Each version operates under a specific token standard tied to its host network. Despite being issued on different chains, all USDT tokens represent the same underlying value.
On BitMEX, all forms of USDT are treated as equivalent and fully interchangeable. One USDT on Ethereum holds the same value and utility as one USDT on TRON.
Currently, USDT is available on several major blockchains, including:
- Ethereum (ERC-20)
- TRON (TRC-20)
- Solana
- Algorand
- EOS
- Liquid Network
- Omni Layer
- Kusama
- Bitcoin Cash (via Simple Ledger Protocol)
This multi-chain presence enables broader access and interoperability across decentralized ecosystems.
USDT-TRON vs. USDT ERC-20: Key Differences
| Feature | USDT-TRON (TRC-20) | USDT ERC-20 |
|---|---|---|
| Blockchain | TRON | Ethereum |
| Average Transaction Fee | Very low (often <$0.01) | Variable, can be high during congestion |
| Transaction Speed | ~2,000 TPS (near-instant confirmations) | ~25 TPS (slower during peak times) |
| Use Case | Ideal for fast, low-cost transfers | Best for DeFi integrations and ERC-20 compatibility |
What Is USDT-TRON?
USDT-TRON refers to Tether tokens issued on the TRON blockchain using the TRC-20 token standard. It offers seamless integration with TRON-based decentralized applications (DApps) and protocols. Due to TRON’s high throughput and minimal fees, it has become a popular choice for frequent traders, remittances, and micropayments.
Users opting for USDT-TRON benefit from:
- Faster transaction finality
- Lower operational costs
- Broad adoption across exchanges and wallets
👉 See how switching to low-cost networks can boost your trading efficiency.
What Is USDT ERC-20?
USDT ERC-20 is the Ethereum-based version of Tether, compliant with the widely adopted ERC-20 token standard—one of the oldest and most trusted frameworks for creating fungible tokens on Ethereum.
Advantages of using USDT ERC-20 include:
- Direct compatibility with Ethereum-based DeFi platforms
- Easy swapping with other ERC-20 tokens like LINK, UNI, or DAI
- High liquidity and universal recognition
While it may incur higher fees during network congestion, its deep integration with decentralized finance makes it a preferred option for many institutional and retail users.
Frequently Asked Questions (FAQ)
Q: Can I mix USDT from different networks in my BitMEX account?
A: Yes. All USDT deposits—whether via ERC-20 or TRC-20—are combined into a single balance and can be used interchangeably across trading, earning, and conversion features.
Q: Can I withdraw USDT using a different network than I used to deposit?
A: Absolutely. You can deposit via ERC-20 and withdraw via TRC-20, or vice versa. BitMEX handles the internal conversion seamlessly.
Q: Are there any risks when depositing or withdrawing USDT?
A: The primary risk comes from sending funds to an invalid or mismatched address. Always double-check that your withdrawal address matches the correct format (0x for ERC-20, T for TRC-20).
Q: Will other networks like Solana be supported soon?
A: Yes. Support for USDT on Solana is planned for early September, with further expansions expected in the coming months.
Q: Why does transaction speed matter for stablecoin transfers?
A: Faster confirmations mean quicker access to funds for trading or withdrawals, especially important during volatile market conditions.
Q: Is there a fee difference between networks?
A: Yes. TRC-20 transactions typically cost less than $0.01, while ERC-20 fees can fluctuate significantly based on Ethereum network demand.
Coming Soon: Expanded Network Support
The addition of TRON support is just the beginning. BitMEX is actively working to integrate USDT on Solana, expected by early September. This will offer even faster settlement and ultra-low fees, aligning with growing demand for scalable blockchain solutions.
Additional networks may be added in the future to ensure users have maximum flexibility and access to cutting-edge infrastructure.
👉 Stay ahead with real-time updates on new network integrations and trading tools.
By embracing multi-network capabilities, BitMEX continues to enhance user experience, reduce friction in digital asset management, and support the evolving needs of global crypto traders.
As blockchain technology advances, so does our commitment to providing efficient, secure, and accessible financial tools—all designed to help you trade smarter and faster in today’s dynamic market environment.