A lady recently asked, "Why isn't my $28 in Binance growing?" She had heard all the buzz about #Bitcoin๐ but had her money in USDT, thinking it worked the same way. ๐ง Hereโs the thing: Stablecoins like USDT are designed to stay stable in value โ they wonโt shoot up like Bitcoin or other altcoins. ๐
Altcoins, on the other hand, can be wild. Theyโre volatile and can see massive gains or losses overnight. ๐ฅ Bitcoin? Even more so! ๐ But USDT? Itโs meant to hold its value, not grow. If youโre holding USDT, the only way it grows is through small rewards via certain programs.
So, why did her $28 turn into $20 when she withdrew? ๐ธ It comes down to fees! When you convert from crypto to fiat, platforms charge fees ranging from 0.1% to 10%. ๐ฌ This means what you get in your bank is a bit less than what you had in your Binance account. And donโt forget, the buyer might also charge a small commission!
Itโs a natural part of crypto trading โ nothing to worry about, just the cost of doing business in the crypto world! ๐
#BinanceCryptoTips #BitcoinVsStablecoins #CryptoFeesExplained #BinanceLaunchpoolHMSTR #Write2Earn! $BTC