A lady recently asked, "Why isn't my $28 in Binance growing?" She had heard all the buzz about #Bitcoin🚀 but had her money in USDT, thinking it worked the same way. 🧐 Here’s the thing: Stablecoins like USDT are designed to stay stable in value – they won’t shoot up like Bitcoin or other altcoins. 📉
Altcoins, on the other hand, can be wild. They’re volatile and can see massive gains or losses overnight. 💥 Bitcoin? Even more so! 📊 But USDT? It’s meant to hold its value, not grow. If you’re 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? 💸 It comes down to fees! When you convert from crypto to fiat, platforms charge fees ranging from 0.1% to 10%. 😬 This means what you get in your bank is a bit less than what you had in your Binance account. And don’t forget, the buyer might also charge a small commission!
It’s a natural part of crypto trading – nothing to worry about, just the cost of doing business in the crypto world! 🌍
#BinanceCryptoTips #BitcoinVsStablecoins #CryptoFeesExplained #BinanceLaunchpoolHMSTR #Write2Earn! $BTC