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This Is How Long It Takes To Transfer USDT

AUTHOR:
Kevin Groves
• Date Published:
June 7, 2024
Transferring USDT time depends on the blockchain used and the fee you've committed to the transaction which this article will explore.
This Is How Long It Takes To Transfer USDT
How do USDT transactions work, what are the popular supported blockchains, and how long they take to my USDT transfer.

Due to the expansion of the Tether ecosystem, transferring USDT from a wallet or exchange may not be straightforward. Transaction times can vary based on the different blockchains used. Let's explore how USDT transactions work, supported blockchains, and transfer times to wallets and exchanges.

This Is How Long It Takes To Send USDT

The time it takes for USDT transfers varies depending on the blockchain used. External factors such as network congestion and wallet address can either speed up or slow down a USDT transaction. Typically, USDT transfers using the ERC-20 network may take anywhere from 1 to 10 minutes to complete. However, during periods of high congestion, transaction times can be as long as 30 minutes. If a faster USDT transaction is needed, a higher gas fee can sometimes move the transaction to the front of the queue (if you transfer from an exchange the exchange will typically set the fees for you).

Blockchain Network Estimated Time to Transfer USDT
ERC20 (Ethereum) 5-10 minutes (~30 minutes during high traffic)
TRC20 (TRON) Less than 1 minute
POLYGON Less than 1 minute
BEP20 (Binance Smart Chain) 1-2 minutes
Solana Less than 1 minutes

The Reasons For Slow USDT Transaction Speeds

  • Network congestion. The transaction times of all USDT-compatible blockchains can be significantly affected by high user volume, making it harder for the blockchain to process transactions. Network congestion has a greater impact on blockchains with lower throughput. For example, during high congestion, USDT transactions on Ethereum may take minutes longer, while on Solana, they may take seconds longer.
  • Destination address. Wallet addresses can affect USDT transaction speed. There are two main types of cryptocurrency wallets: non-custodial (personal) and custodial (exchange). Some providers may require blockchain confirmations for USDT transfers.

Speed Up USDT Transactions By Increasing The Gas Fees

To speed up a USDT transaction, you can increase the associated gas fee payment. This fee is needed to process and record the transaction on the blockchain (if using an exchange, the exchange will set the fee for you). Some blockchains allow users to prioritize their transactions by increasing the gas fee or adding a tip. However, there's no guarantee of the transaction time. One of the only ways to speed up a USDT transaction is to increase the associated gas fee payment. A gas fee is generally required to send a transaction across a network. The gas fee is required by either a miner (PoW) or validator (PoS) to process the transaction and record the outcome onto the blockchain.

Try using USDT on a Different Blockchains

USDT is supported on multiple blockchains, each offering varying transaction speeds and costs. Notably, TRC-20  (TRON network) and BEP-20 (BNB Smart Chain network) provide faster and cheaper transactions compared to ERC20 (Ethereum).

There are also other chains such as Solana or Polygon which may result in your USDT transaction being completed in a matter of 5 to 20 seconds.

However, it is important to note that while TRC-20 and BEP-20 networks are more efficient for smaller transactions, ERC-20 remains the most reliable and widely used and highly decentralized network for large and important transactions due to its robust security and extensive ecosystem.

Try a different stablecoin

Lastly, there an alternative option to use a completely different stablecoin similar to USDT called USDC which, depending on the time, may have cheaper and/or faster transfer speeds. You can read more about the key benefits and differences between USDT and USDC in this article here.

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