$BTC
In cryptocurrency trading, a "BTC coin pair" refers to any trading pair where Bitcoin (BTC) is one of the two cryptocurrencies being exchanged on an exchange.
Think of it like currency exchange at an airport: you're trading one currency for another. In crypto, instead of USD for EUR, you might be trading BTC for ETH.
Here's a breakdown of how BTC coin pairs work:
* Base and Quote Currency: In a trading pair like BTC/USDT, the first currency (BTC) is the base currency, and the second currency (USDT) is the quote currency.
* The base currency is the asset you are primarily interested in buying or selling.
* The quote currency is what you use to value or purchase the base currency.
* So, if BTC/USDT is priced at, say, $110,000, it means 1 Bitcoin costs $110,000 worth of Tether (USDT).
* Buying and Selling:
* If you have USDT and want to buy BTC, you use the BTC/USDT pair.
* If you have BTC and want to sell it for ETH, you use the BTC/ETH pair.
* Purpose: BTC coin pairs allow