$BTC Cryptocurrency pairs like BTC/USDT allow traders to exchange Bitcoin for Tether directly on the trading platform. Here are some examples of popular cryptocurrency pairs¹:
- *Pairs with Bitcoin as the base or quote*:
- BTC/USDT
- BTC/ETH
- BTC/ADA
- *Ethereum Pairs*:
- ETH/ADA
- ETH/LINK
- *Stablecoin Pairs*:
- BTC/USDT
- ETH/USDC
In cryptocurrency pairs, there are two parts:
- *Base Currency*: The first cryptocurrency listed in the pair, such as Ethereum in ETH/BTC.
- *Quote Currency*: The second cryptocurrency listed, such as Bitcoin in ETH/BTC.
Traders can use cryptocurrency pairs for various strategies, such as:
- *Scalping*: Quick in and out trading.
- *Swing Trading*: Larger and sustained price movements.
- *Risk Management*: Utilizing stop-loss orders and limiting leverage.
Some trading platforms, like Binance, also remove Altcoin/BTC pairs due to low liquidity, making Altcoin/USDT pairs more popular.²