#TradingPairs101

The Basics of Crypto Trading on Binance!

New to crypto trading? Let’s break down trading pairs with 🚀 A trading pair is two assets you can trade against each other on exchanges like Binance. Here’s the essentials:

What’s a Trading Pair?

It’s a combo like BTC/USDT or ETH/BNB. The first asset (base) is what you’re buying/selling; the second (quote) is what you’re using to pay. E.g., in BTC/USDT, you buy BTC with USDT. 💾

Types of Pairs:

1. Crypto-to-Stablecoin: BTC/USDT, ETH/USDT—stablecoins like USDT keep prices steady. đŸȘ™

2. Crypto-to-Crypto: ETH/BTC—trade one crypto for another. 📈

3. Crypto-to-Fiat: BTC/USD—trade crypto for traditional money (limited on Binance). đŸ’”

$BTC