#TradingPairs101
Cryptocurrency Pairs: The Key to Trading in Markets 🌐
💱 Cryptocurrency Pairs:
Are a comparison between two currencies for trading, showing the value of one cryptocurrency against another.
Base Currency: The first currency in the pair.
Quote Currency: The second currency that shows the value of the base currency.
Types of Pairs:
1️⃣ Major Pairs:
A cryptocurrency against the dollar (BTC/USD).
The most common and liquid.
2️⃣ Altcoin Pairs:
Between two cryptocurrencies (ETH/BTC).
Suitable for speculators and experts.
3️⃣ Stable Pairs:
A cryptocurrency against a stable coin (BTC/USDT).
Reduces volatility and is used for hedging.
💡 Currency pairs are the measure that connects digital markets to the financial world.
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