#TradingPairs101

¡Building Your Winning Combo!

Look, my people, in crypto trading, trading pairs are simpler than they seem, don't complicate your life! Think of it like when you go to the market: you don't buy bananas directly with dollars, but you exchange your dollars for bolivars, and then with the bolivars, you buy the bananas, do you follow me?

Well, in the world of crypto, a trading pair is like that combo that tells you what you are going to exchange for what. For example, if you see BTC/USDT, it means you are going to use your #USDT (which is like a digital dollar) to buy Bitcoin. In other words, you are valuing Bitcoin in terms of USDT. Or the other way around, if you have Bitcoin and want to sell it, you will exchange it for USDT.

The same goes for ETH/#BTC. Here, the base is Bitcoin, so you are using your Bitcoins to buy Ethereum, or you are selling Ethereum to obtain Bitcoin. The first coin in the pair is always what you buy or sell, and the second is what you pay with or what you receive.

It's key to understand this because it tells you how value is being measured and with which currency you are operating. Don't get confused and think you are buying mangoes with oranges! This is the foundation so that you don't end up scratching your head when you are trading.

Take advantage of #TradingPairs101