๐ What Is a Trading Pair in Crypto? #TradingPairs101
๐ Trading pair = A pair of assets that can be traded with each other.
Example:
๐น BTC/USDT = You sell/buy Bitcoin using USDT
๐ธ ETH/BTC = You exchange Ethereum for Bitcoin, or vice versa
๐ง Why Is It Important?
Because the pair determines:
โ๏ธ The direction of asset conversion
โ๏ธ The price you see
โ๏ธ The liquidity path
๐ก Tips:
Always understand the pair you are using!
For example: Buying ETH in the ETH/BTC pair means you need BTC, not USDT.
๐ฏ Bonus:
Popular pairs have high liquidity = smaller spread & faster execution.