A lady recently asked, “Why isn’t my $28 in Binance growing?” She had heard all the buzz about Bitcoin’s meteoric rise but had her funds in USDT, thinking it would act the same. 🤔
Here’s the scoop: Stablecoins like USDT are designed to maintain a steady value, not skyrocket like Bitcoin or altcoins. 📉 Altcoins can be extremely volatile, with massive swings up and down. Bitcoin, even more so! 🚀 But USDT? It’s built to stay stable. The only growth you might see with USDT comes from small rewards in specific programs.
So, why did her $28 shrink to $20 when she withdrew it? 💸 It’s all about fees! Converting from crypto to fiat involves fees ranging from 0.1% to 10%. 😬 This means you end up with a bit less in your bank account than what you had in Binance. Plus, buyers may charge a commission too!
This is just part of the crypto trading game – a normal cost of doing business in the crypto universe! 🌍
#CPI_BTC_Watch #GrayscaleXRPTrust #USNonFarmPayrollReport #TelegramCEO #Write2Earn!