#Arbitrator to be cautious once using #MicroStrategу , because the Convert option at Binance has secret to Cheat on You.
Do you know that how the Convert option at Binance has no fee but still they charge you…?
Hey dear Fellows ….! I have faced loss ….now feel myself obligated to save you people from same aloofness.
In convert option of Binance, there is no fee but they Still charge you indirectly double of the fee which is charged on Trade. Here is the proof …..👇
I was doing arbitrage on #PEPE❤️ to capitalise on marginal move by converting it. Despite clear entries at lows and exit at high I was going in loss. Once I compare the conversion price to chart price it was lacking in purchase and getting ahead in sell.
Binance does it by #PriceExploitation
The Pepe price at Trading chart was 0.00000757. Once I was going to convert USDT into Pepe the price quoted at Convert was 0.00000762 and then once I check back from Pepe to USDT it was 0.00000753. It makes a difference of 0.098 USDT per 100 USDT. It means that they charge you 1.19 $ per 100 $, that makes more than fee charge on trade.
Moreover if the Convert option would have been free of cost (as seen by No Fee) than there would be no difference in Price of Pepe you convert either way and any of currency.
For reconfirmation I have done it for BTC and the result was same .
Must note that I have done it at same time as underlined in yellow and Price discrepancies underlined in Pink colour.
Here are Screenshots 👇👇👇
