Networks, addresses and why the right network matters
The same token can exist on several blockchains. How to choose the right network and avoid losing funds.
When you send cryptocurrency, you choose not only the coin and the amount, but also the network — the blockchain the transfer happens on. Choosing the wrong one is one of the most common ways to lose funds.
One token, many networks
Stablecoins such as USDT are issued on several blockchains: TRON (TRC-20), Ethereum (ERC-20), BNB Smart Chain (BEP-20) and others. These are different tokens on different ledgers. A TRC-20 transfer can only be received at a TRON address.
Addresses look different
- TRON addresses start with T (for example, T…).
- Ethereum and other EVM addresses start with 0x.
- Bitcoin addresses usually start with 1, 3 or bc1.
Similar-looking addresses on EVM networks (Ethereum, BNB Smart Chain, Arbitrum…) are the most dangerous case: the address format is the same, but the networks are different.
Before you send
- Check which network the receiving service supports.
- Choose exactly that network in your sending wallet.
- Copy the address, paste it and compare the first and last characters.
- Check whether the receiver needs a memo or tag (some networks and exchanges use them).
- For a first transfer, consider sending a small test amount.
On XFasil
XFasil accepts deposits only in USDT on the TRON (TRC-20) network and pays withdrawals in USDT on TRON (TRC-20). A transfer on another network, of another token or to a wrong address may be lost.
University materials are for education only and are not investment, legal or tax advice.