#TradingPairs101 Understanding Trading Pairs

When you start trading cryptocurrencies, you will see terms like BTC/USDT or ETH/BTC. This is what we call trading pairs, and they are fundamental to understanding how the market works. A trading pair simply tells you what you are exchanging for what.

The first symbol in the pair is the "base currency", the one you are buying or selling. The second symbol is the "quote currency", the one you are using to make that purchase or sale, or the one you receive in return. For example, in the pair BTC/USDT:

* BTC (Bitcoin) is the base currency.

* USDT (Tether, a stablecoin) is the quote currency.