#TradingPairs101 Trading pairs in cryptocurrency define how one asset is exchanged for another on an exchange, similar to currency exchange. Each pair, like BTC/USDT, has a base currency (the asset being bought or sold, e.g., BTC) and a quote currency (the asset used for pricing, e.g., USDT).

Types of pairs include:

* Crypto-to-Crypto: Exchanging one cryptocurrency for another (e.g., ETH/BTC).

* Fiat-to-Crypto: Buying crypto with traditional money or cashing out crypto into fiat (e.g., BTC/USD).

* Stablecoin Pairs: Trading crypto against a stablecoin (e.g., BTC/USDT), which offers price stability.

The price of a pair reflects the relative value and supply/demand dynamics between the two currencies. Understanding trading pairs is fundamental for navigating the crypto market, as they dictate exchange rates and influence trading strategies.