#TradingPairs101
๐ TradingPairs101: What Are They & Why They Matter
Ever wondered what BTC/USDT or ETH/BNB really means?
You're looking at a trading pair โ the foundation of every crypto trade.
Letโs break it down ๐
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๐น What Is a Trading Pair?
A trading pair lets you exchange one asset for another.
โก๏ธ Example: BTC/USDT means you're trading Bitcoin against Tether (USDT).
๐๏ธ Youโre either:
* Buying BTC using USDT, or
* Selling BTC for USDT
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๐น Types of Trading Pairs
1. Crypto-to-Stablecoin (e.g., ETH/USDT, BNB/FDUSD)
โ Easy to track profits/losses in USD
โ Great for beginners
2. Crypto-to-Crypto (e.g., SOL/ETH, AVAX/BNB)
โ Useful when rotating between coins
โ Common in altcoin trading
3. Fiat-to-Crypto (e.g., BTC/EUR, ETH/NGN)
โ Allows direct entry/exit into crypto
โ Available on selected platforms
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๐น Why Do Trading Pairs Matter?
* ๐ฐ Affects how you take profits
* ๐ Determines your route to switch between assets
* ๐ Influences fees, spreads, and liquidity
๐ Pro tip: Always check pair liquidity before trading to avoid slippage.
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๐ฌ Whatโs your favorite trading pair โ and why?
๐ Follow for more crypto bite-sized lessons!