TradingPairs101
A fundamental guide to understanding "Trading Pairs" in the world of cryptocurrencies, especially on platforms like Binance. A trading pair is simply a comparison between two currencies – for example: BTC/USDT – and it shows how much of the second currency (USDT) is needed to buy one unit of the first currency (BTC).
There are two main types of trading pairs:
Pairs against stablecoins like USDT or BUSD, which are ideal for beginners as they represent a fixed price in dollars.
Pairs against other cryptocurrencies like ETH/BTC, which are used when trading directly between digital assets without referring to the dollar.
Understanding trading pairs is essential for choosing the right path for your trades and achieving the best price. For example, you may find that buying a certain currency using BNB is cheaper than buying it with USDT.
With TradingPairs101, you will learn how to read pairs, and when to choose the most suitable pair for your trade, giving you greater control and a smarter strategy in your trading.
