I’ve been in crypto for a long time — and I’ve used many exchanges over the years. But today, I want to share something that honestly shocked me. Maybe it will save you from making the same mistake.

Most of you know that there's a “Convert” button on many exchanges — including Binance and Gate.IO. We usually use it to convert those small leftover balances that are too tiny to trade.

Today, I decided to take a small entry in FIS with a tight stop loss. Just a quick move.

I had around $98 sitting in Gate.IO (I keep small amounts on different exchanges for safety). After I entered the trade, I noticed the market was slow — so I decided to exit early.

Here’s where I messed up…

Instead of closing the trade with a Limit or Market Order, I just casually clicked on the Convert button. Maybe it was just an itchy finger — I honestly don’t know why I did it.

And to my surprise… I received only $82 back.

Yes. They charged me $16 — just to convert FIS to USDT.No warning. No confirmation of fees. Just gone.

That’s over 16% gone — for a simple conversion.

And what's worse?It wasn’t even a bad trade.FIS was looking good, and I’m pretty sure it’s on its way to $0.197.But I closed it — and paid to do it — for no good reason.

I am not sharing this post with you for sympathy. Not for likes.And please — don’t make fun of me. We all make mistakes.

I’m sharing this because Gate.IO’s Convert function is a trap, and people should know about it.If I can save even one of you from making the same mistake — then this post was worth it.

I still don’t understand how they’re allowed to take $16 on a $98 conversion without any notice. That’s not a fee — that’s a scam.

Please be careful.Never use the Convert option for real trades — especially not on Gate.IO.Use Market or Limit Orders — at least you’ll know what you’re getting.

#SaylorBTCPurchase #TrumpTariffs #MarketPullback #ScamAwareness #RoughTraderPk