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Understanding Fees and Price Differences When Buying USDT on Binance

The individual mentions being new to Binance and purchasing USDT worth 4,000 Saudi Riyals, receiving approximately 1,038.91 USDT. They notice a deduction of around 103 Riyals from their total, questioning whether this amount represents the purchase fee and the price difference.
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AI Analysis

When purchasing USDT on Binance, or any cryptocurrency exchange, it is common to encounter fees and price differences that can affect the total amount received. The deduction of approximately 103 Riya...

AI Recommendation

To gain a clearer understanding of the fees and charges, it is advisable to review Binance's official fee schedule and the specifics of SAR to USDT conversions. Future transactions should include chec...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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