#TradingPairs101 "#TradingPairs101" is a hashtag commonly used in the context of basic education about trading pairs in the crypto and financial world.
Here is a brief explanation of trading pairs:
🔄 What Are Trading Pairs?
A trading pair is a pair of two assets that can be traded against each other on an exchange. For example:
BTC/USDT → This means you are buying or selling Bitcoin (BTC) using Tether (USDT).
ETH/BTC → This means you are buying or selling Ethereum (ETH) using Bitcoin (BTC).
📘 Basics of #TradingPairs101
Base Currency vs Quote Currency
Common format: BASE/QUOTE
The base currency is what you are buying or selling.
The quote currency is what is used to buy or sell the base.
Example:
In ETH/USDT, you buy ETH and pay with USDT.
Why Is It Important?
Understanding trading pairs helps