#TradingPairs101

A trading pair represents two cryptocurrencies that can be exchanged for each other. For example, in the BTC/USDT pair, you can buy Bitcoin (BTC) using Tether (USDT) or sell BTC to get USDT.

The first currency in the pair (e.g., BTC in BTC/USDT) is the base currency, which you are buying or selling. The second (e.g., USDT) is the quote currency, used to determine its value.

Binance offers a vast selection of pairs:

💡Crypto-to-Stablecoin: Like $BTC /USDT, for stable value.

💡Crypto-to-Crypto: Like ETH/BTC, for direct altcoin swaps.

💡Fiat-to-Crypto (P2P): Like BTC/INR, for local currency conversions.

Understanding trading pairs is fundamental for efficient price comparison, liquidity assessment, and executing effective trading strategies.