🚀 What is pair trading on Binance and what are its advantages? 💡
Pair trading on Binance is the process of exchanging one cryptocurrency for another within a specific trading pair, for example, BTC/USDT or ETH/BTC. Each pair consists of a base currency and a quote currency: you buy or sell the base currency for the quote currency.
🔹 Advantages of pair trading on Binance:
1. Wide selection of pairs: over 1400 trading pairs, including fiat currencies, stablecoins, and altcoins.
2. High liquidity: ensures quick buying and selling of assets with minimal spreads.
3. Low fees: the standard fee is 0.1%, with the possibility of reduction when using the BNB token.
4. Variety of strategies: the ability to choose between spot, margin, futures, and P2P trading.
5. User-friendly interface: an intuitive terminal with advanced charts and analytical tools.
