#TradingPairs101 Stage 1
The first stage entails buying the base currency of the Cryptocurrency world, in the form of Bitcoin using your domestic currency. Here's a helpful guide: Crypto Guide 101: Choosing The Best Cryptocurrency Exchange.
A base currency is defined as the common currency against which all Cryptocurrencies are quoted in
There are more than 1,200 cryptocurrencies in existence, in which all of these coins can only be bought using Bitcoin and they cannot be bought using your domestic currency. That is why Bitcoin is considered the gateway to the crypto world and thus, a base currency for cryptos.
