#TradingPairs101

TradingPairs101 In cryptocurrency, a trading pair consists of two digital assets that can be exchanged for each other. It's similar to traditional forex pairs (e.g., EUR/USD). The first cryptocurrency listed is the base currency, and the second is the quote currency. For example, in BTC/USDT, Bitcoin (BTC) is the base, and Tether (USDT) is the quote. When you see this pair, it indicates how much USDT you need to buy or sell one BTC.

Understanding trading pairs is fundamental for executing trades. If you want to buy Bitcoin using Ethereum, you'd look for the BTC/ETH pair. The price displayed reflects the conversion rate between the two assets. Different exchanges offer varying numbers and types of trading pairs, influencing liquidity and available trading strategies.