Is it cheaper to send USDC or ETH?

Understanding the costs associated with cryptocurrency transactions is crucial for investors and users. One aspect that often catches people off guard is the network fee. This fee is not controlled by the exchange or wallet provider but by the network itself.

BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services to cater to the diverse needs of its users. These services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices.

Additionally, BTCC provides futures trading, enabling investors to speculate on the future price of cryptocurrencies without actually owning the underlying asset. For secure storage, BTCC offers wallet services, giving users a convenient and safe place to keep their digital assets. These services, combined with competitive fees and advanced trading tools, make BTCC a popular choice among cryptocurrency enthusiasts.

For instance, when sending $10 worth of USDC on the Ethereum network, the network fee could be higher compared to sending $10 of Ethereum. This is because the Ethereum network has a specific pricing mechanism for transactions, and the fee depends on factors like network congestion and the complexity of the transaction.

USDC, being a stablecoin pegged to the US dollar and issued on the Ethereum blockchain, incurs the same transaction fees as any other ERC-20 token on the Ethereum network. Therefore, even though the dollar amount being sent is the same, the fee can vary significantly depending on the asset.