#MyCOSTrade A cost trade on Binance refers to the average price at which you buy a cryptocurrency, also known as the average cost basis. It’s calculated by dividing the total amount spent (including fees) by the total number of coins purchased. This helps you track your profit or loss as prices move. On Binance, you can monitor your cost trade in the “Wallet” or “Trade History” section. Keeping an eye on your average cost is essential for making smart trading decisions and setting profitable sell targets. It’s a key metric for managing risk and maximizing gains in crypto trading.
