#TradingPairs101 What Are Trading Pairs?In the crypto market, a trading pair is a combination of two currencies or assets that can be traded against each other on an exchange. For example, in the BTC/USDT pair, Bitcoin (BTC) is traded against Tether (USDT), a stablecoin pegged to the US dollar. Trading pairs allow you to buy or sell one asset for another, and they’re the backbone of crypto trading.
There are two main types of trading pairs
Crypto-to-Fiat Pairs: Trading a cryptocurrency for a fiat currency (e.g., BTC/USD).
Crypto-to-Crypto Pairs: Trading one cryptocurrency for another (e.g., ETH/BTC or ETH/USDT).Understanding trading pairs is key to navigating exchanges like Binance, Coinbase, or Kraken.
Trading pairs like BTC/USDT are your gateway to the crypto market. By mastering a simple strategy like the moving average crossover and practicing disciplined risk management, you can start trading with confidence. Always do your own research (DYOR) and never invest more than you can afford to lose.#TradingPairs101 #CryptoTrading #BTCUSDT