#TradingPairs101 In the world of cryptocurrency, Trading Pairs are a fundamental but very important concept. A trading pair indicates that you can exchange one type of currency for another. For example, the pair BTC/USDT means you use USDT to buy BTC or sell BTC for USDT.
There are two common types of pairs:
Pairs with fiat currency: For example BTC/USD, ETH/VND
Pairs with cryptocurrency: For example ETH/BTC, SOL/BNB
Understanding trading pairs helps you choose the right market, avoid buying the wrong asset, 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 effective trading.
