#TradingPairs101 🔄 #TradingPairs101
Trading pairs are the fundamental way to exchange cryptocurrencies on platforms. Each pair consists of two currencies: a base currency and a quote currency. For example, in the BTC/USDT pair, Bitcoin (BTC) is the base currency, and Tether (USDT) is the quote currency. When you buy this pair, you are buying Bitcoin with USDT, and the opposite when selling. Choosing the right pair depends on your goals, liquidity size, and trading fees. Some pairs like ETH/BTC are popular because they allow users to switch between two major cryptocurrencies without needing to convert to a stablecoin like USDT.
