A trading pair represents the two assets you're exchanging — like BTC/USDT, where you trade Bitcoin against Tether.
Understanding pairs is essential:
• Base currency = what you're buying (BTC)
• Quote currency = what you're spending (USDT)
Different pairs exist for the same coin (e.g., BTC/ETH, BTC/BNB), each with its own liquidity and volatility.
Pick trading pairs based on your strategy, coin strength, and fee structures. Also, watch for arbitrage opportunities between similar pairs.
Mastering trading pairs means better decision-making across markets.