Hello everyone, I'm new to the whole mining and crypto scene. I researched and tried mostly everything by now and I have a pretty solid idea about how things work. I only have 1 small question that is still confusing me and I hope I could get a clear answer on that.
So technically, I mine Ethereum on a mining pool, have my payout transferred directly to my ERC-20 compatible wallet. After that, I proceed to deposit my Ethereum in my Binance account using ERC-20 deposit and withdraw addresses to avoid losing my funds. At that point I can proceed to convert any amount of Eth to USDT using the "convert" button in my spot wallet section.
My question is, and this may sound stupid: If I want to transfer this USDT from my Binance account to another Binance account user, which network are we supposed to select? Are we supposed to do that on the ERC-20 network, same source of where the Ethereum came from in the first place before it was converted to USDT ? Or we can pick the network with the lowest fees without risking losing the USDT ?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments