#TradingPairs101

🔁 What Are Trading Pairs?

A trading pair refers to two different types of assets that can be traded for one another on an exchange. It tells you what you're buying and what you're selling.

✅ Format:

[Base Currency] / [Quote Currency]

Base Currency: the first currency in the pair (what you're buying or selling)

Quote Currency: the second currency in the pair (what you're using to buy/sell the base)

🔍 Example:

BTC/USD

You’re buying Bitcoin (BTC) using U.S. Dollars (USD).

If BTC/USD = 50,000, it means 1 BTC = $50,000.