Dear BingX Users:

To satisfy the requirements of users for stablecoin deposits and withdrawals, BingX will support the TRC20-USDT (USDT-TRON) that was jointly launched by TRON and Tether on October 1st (UTC+8). At that time, BingX will support USDT-Omni, USDT-ERC20 and USDT-TRC20 (USDT-TRON) three forms.

Comparison of OMNI, ERC20, TRC20

OMNI

Address: Starts with the number 1 or 3
Network: Bitcoin Network
Congestion Situation: Occasional Congestion
Transfer Speed: A little bit slow (ranging from 0.6 to 2 hours)
Transaction Fee: Highest

ERC20
Address: Starts with the number 0 or lowercase x
Network: Ethereum Network
Congestion Situation: Frequent Congestion
Transfer Speed: Normal (ranging from a few minutes to tens of minutes)
Transaction Fee: General

TRC20
Address: Start with a capital letter T
Network: TRON Network
Congestion Situation: Currently Not Congested
Transfer Speed: Fast (a few seconds to a few minutes)
Transaction Fee: 0 transaction fee for wallet transfer

Reminder: The three types of USDT addresses are not interoperable. Please strictly identify the addresses for operation.

Risk Warning:

Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.

BingX Operation Team
2020/09/29