#TradingPairs101 #BTC #USDT

Let's break down trading pairs in crypto in simple terms.

*What are Trading Pairs?*

A trading pair is like a digital exchange rate between two cryptocurrencies. It shows how much of one crypto you can get for another. For example, the BTC/USDT pair tells you how much USDT (Tether) you need to buy one Bitcoin (BTC).

*Base Currency vs Quote Currency*

In a trading pair:

A- Base Currency: The first currency in the pair, which is the asset you're buying or selling. In BTC/USDT, Bitcoin (BTC) is the base currency.

B- Quote Currency: The second currency in the pair, which is used to quote the price of the base currency. In BTC/USDT, USDT (Tether) is the quote currency.

*How Trading Pairs Work*

When trading, you're essentially exchanging one crypto for another. The price of the pair tells you how much of the quote currency you need to buy one unit of the base currency. For instance, if the BTC/USDT price is $30,000, it means one Bitcoin costs $30,000 in USDT.