#TradingPairs101 The first currency in the pair (e.g., BTC in BTC/USDT) is the base currency, which you are buying or selling. The second (e.g., USDT) is the quote currency, used to determine its value.
Binance offers a vast selection of pairs:
* Crypto-to-Stablecoin: Like BTC/USDT, for stable value.
* Crypto-to-Crypto: Like ETH/BTC, for direct altcoin swaps.
* Fiat-to-Crypto (P2P): Like BTC/INR, for local currency conversions.
Understanding trading pairs is fundamental for efficient price comparison, liquidity assessment, and executing effective trading strategies.