#TradingPairs101

In Brief

In cryptocurrency trading, a trading pair is simply two assets that can be exchanged with each other (for example: BTC/USDT). Every trade you make uses a pair.

The pair consists of:

* Base Currency: the asset you are buying or selling (the first part of the pair, for example BTC in BTC/USDT).

* Quote Currency: the asset used to determine the price of the base currency (the second part of the pair, for example USDT in BTC/USDT).

How to read it: The price of BTC/USDT = 60,000 means that 1 Bitcoin is equal to 60,000 Tether.