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lukaszbinden/Binance Pairs Trading Arithmetic.md

Last active July 28, 2021 09:00
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Binance Pairs Trading Arithmetic.md

Trading crypto currency pairs on Binance follows the following rules:

own want action price
base quote SELL bid
quote base BUY ask

Examples:

I have I want Action price Pair I get
USDT base BUY ask BTCUSDT BTC
BTC base BUY ask FILBTC FIL
FIL quote SELL bid FILUSDT USDT

Thus:

  • if I want to get the base currency of a pair, I must own the quote currency and BUY the pair with it.
  • if I want to get the quote currency of a pair, I must own the base currency and then SELL it.
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