Questions tagged

Riccardo Mon May 13 2024 | 5 answers 1094

Is buying USDT a good investment?

Excuse me, I'm considering investing in USDT, but I'm not sure if it's a wise choice. Could you please give me some insights? I've heard about its stability and widespread use in the crypto market, but I'm also concerned about potential risks and fluctuations. Is buying USDT really a good investment? What are the benefits and drawbacks of investing in it? Could you elaborate on the current market trends and the future prospects of USDT? I would greatly appreciate your professional opinion on this matter.

amelia_miller_designer Mon May 13 2024 | 6 answers 987

How do I know if my USDT is ERC20 or TRC20 on Binance?

Hello, I'm trying to figure out which type of USDT I'm holding on Binance, ERC20 or TRC20. Could you please guide me through the process? I've been hearing about these two standards but I'm not quite sure how to identify which one applies to my tokens. Is there a specific section in the Binance interface where I can check this information? Or maybe there's a way to verify it through the transaction details? I'd really appreciate your help in clarifying this matter. Thank you in advance for your assistance!

CryptoAlchemyMaster Mon May 13 2024 | 7 answers 1651

Can USDT go to zero?

Could you please enlighten me on the possibility of USDT reaching zero? I've been hearing rumors and concerns from various corners of the crypto community, and it's got me quite curious. After all, USDT is a major stablecoin in the crypto ecosystem, and its stability has always been a selling point. But with the recent market fluctuations and uncertainties, I can't help but wonder if it's truly immune to such risks. Could you shed some light on this matter? Would it be possible for USDT to go to zero, given the current market dynamics and the nature of cryptocurrencies?

SeoulSerenitySeeker Mon May 13 2024 | 7 answers 1728

Is TRC20 the same as USDT?

I'm hearing some chatter about TRC20 and USDT, and I'm not entirely sure what the relationship between them is. Could you clarify for me if TRC20 and USDT are essentially the same thing? I've seen them mentioned in the same breath in some crypto discussions, but I'm not sure if that's just because they're both tokens or if there's a deeper connection. Could you explain the difference, if any, between these two? And if they're not the same, how do they differ in terms of their functionality, usage, or value? I'm really trying to wrap my head around this crypto world, and your expertise would be invaluable in helping me understand.