USDT to USDC conversion
USDT to USDC conversion
USDT to USDC – Swap
I swapped usdt to usdc on Bybit using its convert option. Said no fee and no slippage. It appears I lost about $100 dollars. I thought it’d be a 1:1? I was going to swap back to test but the usdc to usdt was even less usdt so it’s like I lose every time I swap? Am I missing something?
Hasitha Jayaweera Answered question January 2, 2025
On Bybit’s Convert feature, the conversion rate is consistently lower than the market rate, effectively allowing them to take fees in a subtle and less noticeable way.
Hasitha Jayaweera Answered question January 2, 2025