#TradingPairs101

What are trading pairs on Binance?

They represent the exchange rate:

A trading pair shows the relationship between two assets, indicating how much of one currency you need to buy another.

They facilitate trading:

They allow users to buy and sell cryptocurrencies directly with each other.

Example:

BTC/USDT means you can buy Bitcoin with Tether.

Variety of pairs:

Binance offers a wide variety of pairs, including cryptocurrency-to-cryptocurrency pairs, cryptocurrency-to-fiat pairs (like USD, EUR), and fiat-to-fiat pairs.

How to choose the right trading pair?

Research:

Evaluate the value of each cryptocurrency and the performance it can offer in relation to the cryptocurrency you wish to use.

Consider the fees:

Pay attention to the transaction fees that Binance applies for each operation in each pair.

Review the market:

Some pairs may be more volatile than others, meaning their prices can fluctuate more quickly, which can be advantageous or dangerous depending on your investment strategy.

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