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.