#TrumpVsMusk 🧵 Thread 15 - What are trading pairs on Binance and how to understand them? 👇
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If you enter Binance and see things like:
BTC/USDT
ETH/BTC
BNB/EUR
…and you don't understand anything, this thread is for you.
Here I explain what trading pairs are and how to read them.
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🧵2/
📌 A trading pair represents an exchange between two assets.
Example:
BTC/USDT = you are seeing how much 1 BTC is worth in USDT (digital dollars).
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📈 If the price of BTC/USDT is 70,000, that means:
➡️ 1 BTC = 70,000 USDT
And if you have 70 USDT, you could buy:
➡️ 0.001 BTC
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🧵4/
✅ Common pairs:
🔸 BTC/USDT → you buy BTC with USDT
🔸 ETH/USDT → you buy ETH with USDT
🔸 ADA/BTC → you buy ADA using BTC
🔸 BNB/EUR → you buy BNB with euros
The first asset is the one you buy.
The second is the one you use to pay.
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🧵5/
⚠️ If you choose the wrong pair, you might accidentally buy or sell the wrong asset.
Example:
ADA/BTC = you spend BTC to buy ADA
Not euros, not USDT.
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🧵6/
👀 Pro tip:
Before trading, check the pair you are in.
This avoids very common mistakes among beginners.
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🧵7/
Do you want me to teach you how to find the correct pair and trade step by step?
Tell me "Do the tutorial" and tomorrow I'll bring you a well-explained one 🔥$BTC $USDC $BNB