let's take us dollar tether which is right here also us dollar coin which is this one. then Beeda Mega app us dollar all three of these are pegged to the us dollar meaning their value is the exact same value of the us dollar they do this through various different mechanisms but you know that if you are holding binance us dollar usdt or usdc right here that that will be worth one us dollar from now going forward. it's a really important asset for a lot of people if you want to come out of a cryptocurrency you think it's too risky you can come actually into a very solid real world asset without having to take your money out. you just put that in the stablecoin. now we know that we trade currency pairs we can look at the base versus the quote currency. this is really important to know when you are trading here is how it will look the base currency is the main currency that you're buying. if you want to go ahead. trade bitcoin you can see down here that bitcoin will be on the left hand side that's the base currency the quote currency is the currency that you're selling or using to buy the base currency. the base currency you are using in this case we can see btc it's definitely bitcoin. the quote currency tells us how much we need to buy one unit of the base currency. i'll show you the quote right here. we've got bitcoin that's btc. we know that that is the currency that we're trading we can look at the quote currency which is us dollar tether. that is the quote we then have 50 000. what does that mean it tells us that it takes 50 000 usdt which is the quote currency to buy one btc which is the base currency this will obviously change depending on the exchange rate between the two currencies once more we have btc against us dollar tether now at 55 000. it now takes more us dollar tether to buy one bitcoin this can also be shown to you in a percentage move on a day you'll see this a lot of times let's go back to coingecko right here. we can come up go back to the home page you can see this right here you'll get a percentage change on the day. this is a percentage change against us dollar teva. we'll go back to our quotes. we can see that bitcoin has appreciated against the u.s dollar by five percent today this percentage move will always be how the base currency is valued. it takes more us dollar tether now to buy bitcoin because bitcoin has appreciated five percent against the quote currency also really important to know when you're trading is that not every currency pair is supported. let's say you have a really small altcoin that's like a micro cap it's not going to be traded against bitcoin directly. i've got an example here of mana which is the central land it is an altcoin against cardano which is another altcoin it doesn't have a market at least on binance. if you want to sell one for the other you just can't do it you're going to have to first trade mana into us tether. then trade ada against u.s dollar tether. you have to use a third currency to actually trade that this is sometimes known as a cross trade where you use a third large currency to trade two smaller currencies that don't have a direct exchange this is why stable coins. us dollar tether in particular are. important they really do help liquidity in cryptocurrencies all of the big cryptocurrencies though do have direct trading pairs. this is how you can trade one currency against another so. i have an example here let's say you took a thousand dollars. you invested 500 each 500 in bitcoin. 500 in ethereum they're the top two cryptos. they both go up in value both have gone up. we're super happy but you can see here bitcoin actually went up 20. our 500 times 1.2 is 600 ethereum though only went up 10. 500 this four is supposed to be a dollar five hundred dollars times 1.1 is 550 now if you would have just put all of that money in bitcoin you would have made twelve hundred dollars because you would have gone up twenty percent a thousand dollars in bitcoin. ethereum you only made 150. actually you would have been better to just put all of your money in bitcoin. none of it in ethereum bitcoin went up more than ethereum.. you can see investing becomes pretty complex. we're not going to go into diversification here. the benefits that that gives you they might go up. down at different times. they might have different investors.. diversification is very key in my opinion but just to show you how actually trading in one or a different cryptocurrency can definitely change your investment outlook this is what we call currency pair trading which one of these cryptos do you think will outperform the other crypto you can actually bet on one crypto versus another this is not just an investment in one coin but you can think well which one of bitcoin or ethereum over the next six months is going to outperform then you want to put all your money in that coin if you've done research. you think ethereum is going to outperform bitcoin over the next six months then what's the point of being in bitcoin put all of your money in ethereum. it will outperform you will get a higher rate of return when you buy cryptos with fiat currencies. if you've got us dollar or pound sterling. you're just putting money in then you are actually betting against those currencies pound sterling. us dollar if you're selling those to buy cryptos you're betting against fiat currencies. you're placing your bets into cryptocurrencies that's what you're doing whenever you sell a crypto to buy one other then you're actually betting against the one you're selling this is the most basic strategy when it comes to uh currency investing. with cryptos the currency you're selling you're betting against. the currency you're buying you are thinking that that one will at least outperform the one that you're selling. let's just recap on unit two then currencies only trade in pairs you need to sell one to buy another stable coins are absolutely vital for the cryptocurrency industry. for trading we can analyze the quote. base currency to tell us more about how that currency pair in particular is trading. you can bet on one currency versus another unit 3 is the best crypto trading platforms really important that you know the difference between them the pros. cons of each if you are getting value out the video make sure you are subscribed if you aren't already also everything in this video is listed in the description for you. everything you need will be in there definitely check it out what are the best trading platforms what are the best trading apps what do they offer us. what are the fees of each let's start with etoro i've used etoro before now etoro offers many different things not just crypto trading you can trade stocks you can trade cfds you can trade commodities. they have something that etoro called copy trading which is where you can essentially invest in someone else. you can copy their trades that might be something that you want it is definitely the best all-in-one solution in my opinion you don't have any trading fees here but they take some money out of the spread i'll explain what the spread is later on in the video but you should be paying maybe 0.25 or 0.3 something like that depending on how big the spread is you can even be paying as low as 0.1 so. i think overall their fees are competitive you won't be paying any fees on top they'll take those out when you trade. you can do staking on etoro etoro also has etoro x. etoro wallet they are specific crypto trading platforms. they are very good in my opinion you do need kyc though. you're gonna have to give them your id documents to go. trade with etoro overall though a very good system we also have kraken which is a dedicated crypto exchange you have kraken. kraken pro in my opinion kraken pro is really great for pros a lot of information there pretty much everything. i would want when trading you get some good staking products not support for every crypto when staking but the ones they do support have very good rates of return they have very decent coin support overall if you're in america you might want to check this one out the fees are very low 0.26 or below depending how much you trade you do need to give them your id documents coming onto crypto.com this one is a little bit different they focus more on their smartphone application which. i think is very good they want you to use crypto to buy. sell things. they actually give credit cards as well if you have a lot of cryptocurrency you'll get super good rates on credit cards cash back on purchases. it actually lets you try. spend your cryptos in the real world which is definitely something the other exchanges don't do it is very cro focused mega app beeda is crypto.com cryptocurrency you need to hold a lot of that on account you get huge discounts off your fees. you get a lot of bonuses as well definitely good for some people this one we also have coinbase which is a dedicated crypto exchange they'll be making their product offering bigger as time goes on though you have coinbase which is the easy option on your phone. then you have coinbase pro as well which is slightly more advanced however saying that this is for beginners only you have very poor support when it comes to staking you also have very poor coin support overall. the fees are astronomical you'll be paying two to three percent on coinbase. on coinbase pro half percent which isn't that great coinbase for me is for first timers if you want to buy bitcoin. ethereum with a fiat currency then just use coinbase but if you want to do anything more than that. i would suggest other platforms we also have kucoin which is one that. i really like as a platform it's a dedicated crypto exchange it is an alt exchange. if you can't find an altcoin on another exchange you might want to look at coin the thing with kucoin it's not that beginner friendly it's not great at actually using fiat currencies like us dollar to go ahead. buy a cryptocurrency. you can't withdraw fiat currencies from the system into your bank it's just not something they support this is a crypto exchange.. it has extremely low fees but you do need to be an intermediate to advanced user. have other exchanges as well that you can actually transfer the cryptos back to if you want to take some money off the table there's no kyc on kucoin you can set up an account. start trading with cryptos you don't need kyc huge benefit of this exchange. if you are a us citizen. you're banned from other exchanges you might want to have a look at kucoin binance though is really the king of crypto exchanges. i would recommend every crypto trader to have binance they're just simply the biggest. Mega app crypto exchange they have a vast amount of products you have trading you have a decentralized exchange you have derivatives on here as well pretty much everything that you could ever want Mega app has it has amazing staking support as well for coins has amazing coin support has the lowest fees i've seen at 0.075 it has the highest liquidity as well that's for binance finance us is a little bit different the product offering is different. you don't have as many coins if you're in the us you're just going to have to deal with that but binance is the number one pick for me.