#TradingPairs101 #TradingPairs101 refers to a basic introduction or guide to understanding trading pairs in cryptocurrency or financial markets. Here's a quick breakdown:
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🔁 What Are Trading Pairs?
A trading pair consists of two different assets that can be traded against each other on an exchange.
For example:
BTC/USDT: Bitcoin traded against Tether.
ETH/BTC: Ethereum traded against Bitcoin.
SOL/BNB: Solana traded against Binance Coin.
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🧠 Why Are They Important?
They determine what you're buying and what you're using to buy it.
They show the relative value of one asset compared to another.
Example:
If BTC/USDT = 70,000, that means 1 BTC = 70,000 USDT.
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💱 Base vs. Quote Asset
Base Asset: The first asset in the pair (e.g., BTC in BTC/USDT).
Quote Asset: The second asset (e.g., USDT in BTC/USDT).
When you buy BTC/USDT, you spend USDT to buy BTC.
When you sell BTC/USDT, you're selling BTC to get USDT.
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