#TradingPairs101 A trading pair is typically shown in the format BASE/QUOTE (or BASE-QUOTE).
* Base Currency (BASE): This is the first cryptocurrency in the pair. It is the asset you are buying or selling.
* Quote Currency (QUOTE): This is the second cryptocurrency (or fiat currency like USDT) in the pair. It is the asset you use to buy or sell the base currency, or the asset in which the price of the base currency is expressed.
Examples on Binance:
* BTC/USDT: This is one of the most common pairs.
* BTC (Bitcoin) is the base currency.
* USDT (Tether) is the quote currency.
* If you see that the price of BTC/USDT is 60,000, it means you need 60,000 USDT to buy 1 Bitcoin. Or, if you sell 1 Bitcoin, you will receive 60,000 USDT.
* ETH/BTC:
* ETH (Ethereum) is the base currency.
* BTC (Bitcoin) is the quote currency.
* If the price is 0.05, it means that 1 Ethereum is worth 0.05 Bitcoin.
* BNB/ETH:
* BNB (Binance Coin) is the base currency.
