🔁#TradingPairs101 : Let’s Decode It! 🔄
Ever wondered how trading pairs work? Let’s break it down and give you the edge you need!
🔹 What’s a Trading Pair?
💡 It’s the combo of two assets you’re swapping – think of it as the “exchange rate” between them.
✅ Example: BTC/USDT = how much USDT you need for 1 BTC.
✅ Or ETH/BTC = how much BTC you need for 1 ETH.
🔹 Why It Matters:
👉 Pairs tell you what you’re trading against.
👉 Some pairs offer better liquidity or tighter spreads.
👉 Different pairs = different strategies and risk profiles!
🔹 Base & Quote:
✅ Base = the first asset (the one you’re buying or selling).
✅ Quote = the second asset (the currency you’re using to buy/sell).
💡 In BTC/USDT, BTC is the base, USDT is the quote.
🔹 Pro Tip:
✅ Always double-check your pairs before trading!
✅ Compare different pairs to get better prices (e.g., BTC/USDT vs. BTC/BUSD).