#TradingPairs101 - With a Strong Start to All Market Moves 📊

If you’re a newcomer to crypto trading, keeping track of trading pairs should be an essential skill possessed by traders of all levels. In this #TradingPairs101 breakdown, let’s break it down.

A trading pair measures how much of one asset is exchanged for another. Take the pair ETH/USDT for instance; you're trading Ethereum against Tether (a stablecoin). If the pairs are priced at 2,800, it means 1 ETH = 2,800 USDT.

There are 3 basic types of pairs: 1️⃣ Crypto-to-Stablecoin (e.g. BTC/USDT) - good for measuring value in fiat. 2️⃣ Crypto-to-Crypto (e.g. ETH/BTC) - good for swapping altcoins and strategizing advanced strategies. 3️⃣ Fiat-to-Crypto (e.g. BTC/USD) - measures directly against regular currency.

✅ Pro Tip: Always be attentive to base and quote currency, mixed them up can result in trading in the wrong direction.

💬 What’s your favorite pair to trade? Let me know in the comments, #BinanceSquare