#TradingPairs101

Refers to the fundamental concept of trading pairs in cryptocurrency markets. A trading pair is a comparison between two currencies, such as BTC/USDT, where Bitcoin is purchased using Tether. A good understanding of trading pairs contributes to making smart decisions, as the price is determined based on the counter currency. There are two main types: pairs against stablecoins (like USDT or USDC) and pairs against other cryptocurrencies (like ETH/BTC). Choosing the right pair affects fees, liquidity, and profit opportunities. Some platforms only support specific pairs, so it is important to ensure the required pair is available. Understanding trading pairs is essential for any trader in the crypto market.