🎯 What is the average cost in Binance?

📌 When you buy a cryptocurrency multiple times at different prices, Binance calculates what is known as the average cost for you.

📈 This simply means:

It is the average price you paid for each unit of the cryptocurrency you currently own, whether you bought it at a high or low price.

🔍 Example:

You bought 0.1 BNB at a price of $640

Then you bought 0.2 BNB at a price of $660

The platform adds what you paid and divides it by the quantity = gives you the "average cost" (like $652.52)

💡 Why is this important?

If the market price now is higher than the "average cost" ✅ then you are in profit.

If it is lower ❌ then you are at a loss.

📲 You can see this number in the wallet section > select the currency > it is written below it "average cost"

🧠 Tip: Don't rush to sell during a loss! Monitor the market and review your analysis ✍️