#TradingPairs101 A trading pair represents two assets you can trade against each other on an exchange, like BTC/USDT or ETH/BTC. The first asset in the pair is what you’re buying or selling, and the second is what you're using to pay or receive. For example, in the BTC/USDT pair, you're either buying Bitcoin using Tether or selling Bitcoin to receive Tether. Trading pairs are crucial because they determine what assets you can directly exchange without needing to convert through a third currency. Popular pairs usually have higher liquidity and tighter spreads, while rare or exotic pairs may carry more risk. Understanding pairs helps you navigate the market more efficiently and avoid unnecessary conversions or fees.