#TradingPairs101

Trading pairs are the foundation of the cryptocurrency market, allowing you to exchange one cryptocurrency for another, or cryptocurrency for fiat money. For example, BTC/USDT means you are trading Bitcoin (BTC) against Tether (USDT). The first currency in the pair is the "base" currency, while the second is the "quoted" currency. The price shows how much quoted currency is needed to buy one unit of the base currency. Understanding trading pairs is critically important for effective navigation on exchanges, as they determine available exchanges and asset liquidity. Choosing the right pair impacts your trading strategy.