What does trading pairs mean in cryptocurrency trading?

Trading pairs in cryptocurrency trading is when two different types of currency are traded against each other – crypto to crypto or crypto to local currencies and vice-versa. Here we break down how they work and what you need to know to get started on a cryptocurrency exchange.

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Cryptocurrency is a high risk investment that’s not regulated in the UK. The value of cryptocurrency can fluctuate and you may lose your capital without recourse to financial regulators. Fees apply when you buy or sell cryptocurrency and Capital Gains Tax may be payable on profits when you sell.

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About the Author: Raymond Hicks