#TradingPairs101

TradingPairs101: What are trading pairs?

When you trade on Binance, you are not buying or selling cryptos in a vacuum: you do it through trading pairs. 🪙💱

A trading pair represents two assets, such as BTC/USDT. The first (BTC) is the asset you buy or sell, and the second (USDT) is the asset with which you make the exchange.

For example, if you see BTC/USDT at $67,000, it means that one Bitcoin costs 67,000 USDT. 😮

Trading pairs allow you to compare the value of one crypto asset in relation to another and facilitate the movement between different currencies.

💡 Choosing the right pair can make a big difference in your trades. Know your pairs and trade wisely!