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What is the meaning of 'this' on Binance? How can I enter numbers with no more than 8 decimal places?

avatarMaj macNov 24, 2021 · 3 years ago2 answers

I'm new to Binance and I'm confused about the meaning of 'this' on the platform. Can someone explain what 'this' refers to? Additionally, I would like to know how I can enter numbers with no more than 8 decimal places on Binance.

What is the meaning of 'this' on Binance? How can I enter numbers with no more than 8 decimal places?
Binance
Cryptocurrency
Decimal Places

2 answers

  • avatarNov 24, 2021 · 3 years ago
    On Binance, 'this' refers to the current price or value of a particular cryptocurrency. It is often used in trading pairs to indicate the price of one cryptocurrency in terms of another. For example, if you see 'BTC/USDT: 50000', it means that 1 Bitcoin is currently valued at 50000 USDT. To enter numbers with no more than 8 decimal places on Binance, simply input the number without any additional decimal places. Binance will automatically round it down to 8 decimal places if necessary.
  • avatarNov 24, 2021 · 3 years ago
    The term 'this' on Binance typically refers to the current price of a cryptocurrency. It is used in trading pairs to indicate the price of one cryptocurrency in terms of another. For example, if you see 'BTC/USDT: 50000', it means that 1 Bitcoin is currently valued at 50000 USDT. To enter numbers with no more than 8 decimal places on Binance, you can simply input the number without any additional decimal places. Binance will automatically round it down to 8 decimal places if necessary.

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