#TradingPairs101 Ready to dive deeper into crypto trading? Let's talk about Trading Pairs! 🧐

Understanding trading pairs is fundamental to navigating the crypto market on Binance.

What are Trading Pairs?

Simply put, a trading pair represents the exchange rate between two different cryptocurrencies. It tells you how much of one crypto you can get for another. Think of it like traditional forex pairs (e.g., USD/EUR), but for digital assets!

How do they work on Binance?

Every trade you make involves a pair, like BTC/USDT or ETH/BNB.

* The first currency in the pair is the base currency (the one you're buying or selling).

* The second currency is the quote currency (the one used to price the base currency).