Sometimes I begin to imagine instead of transferring my money into the bank to keep for a number of days or months before usage in form of savings that nothing will add up instead it remains stagnant or the bank charges me even more. Is it not better I save them on a stable coin such as the USDT?
Please what do you think? Will I end up losing my funds one day if I do so?
To me I feel it's good way to save.
Please what's your opinion on this?
Are you saving for an emergency fund?
I recommend saving in a bank account for your emergency fund. Banks offer easy access to your money, which is crucial for emergencies. While cryptocurrency like USDT may offer potential long-term gains, it wouldn't be ideal for emergencies due to potential conversion delays and volatility. However, cryptocurrency can be a strong investment tool if you understand the risks involved.