Day 22 of 100: What is a Trading Pair?
A trading pair on Binance allows you to exchange one cryptocurrency for another. It shows how much of one coin you need to buy another.
Example:
In the pair BTC/USDT:
$BTC is the base currency (the one you're buying or selling),
USDT is the quote currency (the one used to measure the value of the base).
So if BTC/USDT = 95,000, it means 1 BTC = 95,000 USDT.
Types of pairs:
Crypto-to-Stablecoin: BTC/USDT, ETH/BUSD
Crypto-to-Crypto: ETH/BTC, ADA/BNB
Fiat-to-Crypto: BTC/NGN (in P2P)
Why it matters:
Choosing the right trading pair can help you find better prices, avoid extra conversions, and maximize profit.