đŽ Alarming News: Why Isnât My Money Growing?
A lady recently asked why her $28 in Binance wasnât increasing. She had high hopes for Bitcoin but mistakenly assumed that USDT (a stablecoin) would behave the same way. Here's a vital lesson:
Stablecoins like USDT are designed to maintain a stable valueâthey wonât grow in price like Bitcoin or altcoins. While Bitcoin and other cryptocurrencies can soar (or plummet), USDT is built to stay steady. This is great for avoiding volatility, but not for seeing your investment grow.
Ever wondered why your $28 in USDT turned into $20 in your bank account? When you convert crypto to fiat, there are transaction feesâranging from 0.1% to 10%âdepending on the platform and currency. So, the amount you receive will always be a bit less.
These fees and commissions are standard in the crypto worldâno need to worry, itâs all part of the process! Understanding these basics helps you navigate the world of cryptocurrency more confidently. đđ°