#TradingPairs101

In the world of cryptocurrency, Trading Pairs are a fundamental yet very important concept. A trading pair indicates that you can exchange one type of currency for another. For example, the BTC/USDT pair means you use USDT to buy BTC or sell BTC for USDT.

There are two popular types of pairs:

Pairs with fiat currency: For example, BTC/USD, ETH/VND

Pairs with cryptocurrency (crypto-to-crypto pairs): For example, ETH/BTC, SOL/BNB

Understanding trading pairs helps you choose the right market, avoid incorrect purchases, and optimize profits. On exchanges like Binance, you will see hundreds of trading pairs to flexibly swap between different coins.

In summary: A trading pair tells you which two types of assets you are trading between. Understanding this pair is the first step to trading effectively.