#TradingPairs101
On Binance, a trading pair connects two different cryptocurrencies, allowing you to trade one for the other. For example, in the BTC/USDT pair, you’re trading Bitcoin (BTC) against Tether (USDT). The first currency (BTC) is what you're buying or selling, and the second (USDT) is the quote currency used to measure its value. Binance offers three main markets: spot, margin, and futures, each with its own trading pairs. Pairs are grouped by base currencies like BTC, ETH, BNB, or stablecoins like USDT and BUSD. Understanding trading pairs helps users make informed decisions, manage risks, and capitalize on market trends. Always consider factors like liquidity, trading volume, and fees before entering a trade. Knowing how pairs work is key to successful crypto trading on Binance.
