$BTC
In cryptocurrency trading, a "coin pair" refers to two different cryptocurrencies that can be exchanged for each other on an exchange. Each pair shows the value of one crypto relative to another.
When you see a "BTC coin pair," it means Bitcoin (BTC) is one of the two cryptocurrencies being traded. It can be either the "base currency" (the one you're buying or selling) or the "quote currency" (the one you're using to make the transaction).
Common BTC Trading Pairs:
Bitcoin is a very popular cryptocurrency, so it's paired with many other assets. Some of the most common BTC trading pairs include:
* BTC/USDT (Bitcoin/Tether): This is arguably the most popular trading pair in crypto. USDT is a stablecoin pegged to the US Dollar, offering lower volatility and high liquidity. You're either buying BTC with USDT or selling BTC for USDT.
* BTC/USD (Bitcoin/US Dollar): This pair trades Bitcoin directly against the US Dollar.
* BTC/ETH (Bitcoin/Ethereum): This pair allows you to exchange Bitcoin for Ethereum and vice versa. It's a popular crypto-to-crypto pair.
* BTC/BUSD (Bitcoin/Binance USD): Similar to USDT, BUSD is another stablecoin pegged to the USD, commonly used on the Binance exchange.