$BTC A "coin pair" in the context of cryptocurrency trading refers to a trading pair between two different cryptocurrencies or between a cryptocurrency and a fiat currency. The pair indicates which asset you are buying or selling and which asset you are using as the base currency.
When you see "BTC" in a coin pair, it stands for Bitcoin. Therefore, a "BTC coin pair" will always involve Bitcoin as one of the assets being traded. Here are some examples of what "BTC coin pair" could refer to:
BTC with another cryptocurrency:
* BTC/USDT: This is a very common pair, where Bitcoin (BTC) is traded against Tether (USDT), a stablecoin pegged to the US dollar. You would be buying or selling Bitcoin using USDT.
* BTC/ETH: This pair allows you to trade Bitcoin (BTC) against Ethereum (ETH).
* BTC/BNB: This pair represents the trading of Bitcoin (BTC) against Binance Coin (BNB).
* BTC/XRP: Here, Bitcoin (BTC) is traded against Ripple (XRP).
* BTC/DOGE: This pair allows for the trading of Bitcoin (BTC) against Dogecoin (DOGE).
* And many other combinations with various altcoins (alternative cryptocurrencies).
BTC with a fiat currency:
* BTC/USD: Trading Bitcoin (BTC) against the United States Dollar (USD).
* BTC/EUR: Trading Bitcoin (BTC) against the Euro (EUR).
* BTC/GBP: Trading Bitcoin (BTC) against the British Pound (GBP).
* BTC/JPY: Trading Bitcoin (BTC) against the Japanese Yen (JPY).
* BTC/INR: Trading Bitcoin (BTC) against the Indian Rupee (INR). As of today, May 8, 2025, the price of 1 Bitcoin is approximately ₹8,147,431.39 INR.
* And many other fiat currencies depending on the exchange.
Key aspects of a coin pair:
* Base Currency: The first currency in the pair (e.g., BTC in BTC/USDT) is the base currency. It is the currency you are "buying" or "selling."
* Quote Currency: The second currency in the pair (e.g., USDT in BTC/USDT) is the quote currency. It is the currency you are using to buy or the currency you receive when selling the base currency.