#TradingPairs101

#TradingPairs101 šŸ”

Ever seen BTC/USDT or ETH/BTC on exchanges like Binance and wondered what it means?

Let’s break it down šŸ‘‡

šŸ“Œ What is a Trading Pair?

A trading pair lets you swap one asset for another. It shows the two currencies you're trading between.

šŸŖ™ Example:

BTC/USDT = You're buying or selling Bitcoin using Tether (USDT).

ETH/BTC = You're trading Ethereum for Bitcoin (or vice versa).

šŸ”„ Base vs Quote Currency

Base currency (left): The asset you're buying or selling.

Quote currency (right): The asset you're using to price or buy the base.

šŸ’” Tip: If you want to buy BTC with USDT, look for the BTC/USDT pair.

šŸŽÆ Why It Matters:

Choosing the right pair ensures you're using the correct route to enter or exit a position—maximizing efficiency and minimizing fees.