I had deposited Tether, and now I am withdrawing it. Why is there a difference between the amount of deposit and withdrawal?
April 8, 2024
“It should be noted that the base currency of a broker’s trading accounts is only IRT and Dollars.
(Base currency is USD) For this reason, when a customer deposits in Tether or any other digital currency, the deposit currency is converted to the account’s base currency, and the conversion
rate is applied.”
When the customer intends to withdraw from the account’s base currency to the currency requested by the customer, the exchange rate will be applied.
A rope always has a higher value than a dollar, so you will receive more dollars by depositing a tether. Also, when withdrawing in Tether, you will receive less Tether due to the lower value of dollars than Tether.
For example, by depositing 1,000 Tether, you may receive the equivalent of $1,010, but by withdrawing 1000 dollars, you will receive 980 Tether. (This is an example, and the numbers are hypothetical)
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