#TradingTypes101 Currency Pairs Against Fiat Currencies:
For example: BTC/USD, ETH/EUR
Available on platforms that support deposits and withdrawals in fiat currencies.
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✅ How to Choose the Right Trading Pair?
1. What currency do you have?
If you have USDT, choose pairs ending with /USDT.
2. What currency do you want to buy?
Look for the pair that includes both currencies: the currency you have and the one you want to buy.
3. Liquidity and Daily Trading Volume
Choose popular pairs to avoid liquidity issues.
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✅ Practical Example
You want to buy Bitcoin for USDT:
The suitable pair: BTC/USDT
When the price is 60,000, this means:
Every 1 BTC = 60,000 USDT
If you buy 0.01 BTC, you will pay: 0.01 × 60,000 = 600 USDT
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✅ Important Tips:
Watch out for trading fees (they vary from pair to pair).
Be cautious of price volatility in cryptocurrency pairs.
Make sure you are trading the right pair — especially when selling or converting currencies.