đ Trading Pairs: The Language of Every Trade
Confused by all those weird combos like BTC/USDT or ETH/BTC? Letâs break it down đ
đč Whatâs a Trading Pair?
A trading pair is two assets you can exchange with each other. It shows what you're buying and what you're paying with.
đ Example:
BTC/USDT = You're buying BTC and paying in USDT (Tether).
ETH/BTC = You're buying ETH using BTC as the quote currency.
đč Base vs. Quote Currency:
First = Base (what youâre buying)
Second = Quote (what youâre spending)
đ Think of it like:
> 1 BTC/USDT = $70,000
This means 1 Bitcoin costs 70,000 Tether.
đž Why It Matters:
â Knowing your quote currency helps you understand trade direction
â Lets you plan your portfolio better
â Avoids costly trading mistakes
đĄ Pro Tip:
Always double-check what youâre buying and what youâre spending. Swapping the pair = flipping the trade.
đ§ If you're trading on mobile, use the Binance pair search bar wisely. Type the asset youâre using to pay (USDT, BTC, BUSD, etc.) to avoid confusion.