#TradingPairs101 🔄 – or how trading pairs work on the exchange

When I started using Binance, I didn't understand why there were several "pairs" available for one token. Over time, I understood that a trading pair is simply a set of two currencies between which an exchange can be made – for example, $BTC/$USDT or $PEPE/$BNB.

Thanks to pairs, I can choose which currency I want to settle the transaction in – sometimes it's more profitable to sell tokens for stablecoins (e.g., USDT), and other times for larger cryptocurrencies (e.g., ETH). Pairs also have different liquidity, which affects the price and speed of transactions.

Now, before every purchase, I look not only at the token price but also at which pair to choose to get the best rate and speed of order execution.