A lady recently asked, "Why isn't my $28 in Binance growing?" She had heard all the buzz about #Bitcoinđ but had her money in USDT, thinking it worked the same way. đ§ Hereâs the thing: Stablecoins like USDT are designed to stay stable in value â they wonât shoot up like Bitcoin or other altcoins. đ
Altcoins, on the other hand, can be wild. Theyâre volatile and can see massive gains or losses overnight. đĽ Bitcoin? Even more so! đ But USDT? Itâs meant to hold its value, not grow. If youâre 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? đ¸ It comes down to fees! When you convert from crypto to fiat, platforms charge fees ranging from 0.1% to 10%. đŹ This means what you get in your bank is a bit less than what you had in your Binance account. And donât forget, the buyer might also charge a small commission!
Itâs a natural part of crypto trading â nothing to worry about, just the cost of doing business in the crypto world! đ
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