#TradingPairs101
Hello, Binance community..
When you enter any trading platform, and of course, as usual, the most famous one is Binance, you will find cryptocurrencies being bought and sold in the form of "trading pairs" like BTC/USDT or ETH/BTC. What does that mean? It means you are comparing the value of one currency against another. For example, in the BTC/USDT pair, you are buying or selling Bitcoin using USDT (which is a stablecoin). Having many pairs helps you switch between currencies easily and take advantage of opportunities in the market. Not all currencies have direct pairs with each other; sometimes you need to go through an intermediary currency like USDT or BNB to get to what you want. So, it’s important to understand trading pairs well to choose the fastest and most efficient route in your trades.