#TradingPairs101

In cryptocurrency trading, a trading pair refers to two different assets that can be exchanged for each other on an exchange. When you see something like "BTC/USDT" or "ETH/BTC," that's a trading pair. Understanding them is fundamental to how you buy and sell crypto.

Here's "Trading Pairs 101":

What is a Trading Pair?

A trading pair consists of two currencies, quoted in relation to each other. The first currency in the pair is called the base currency, and the second currency is called the quote currency (or counter currency).

Base Currency: This is the asset you are buying or selling.

Quote Currency: This is the asset in which the price of the base currency is expressed.

Example: BTC/USDT

BTC is the base currency.

USDT is the quote currency.

When you see a price for BTC/USDT, for instance, "$60,000," it means 1 Bitcoin (BTC) is worth 60,000 Tether (USDT).