Understanding BTC Pairs in Cryptocurrency Trading
BTC pairs refer to cryptocurrency trading pairs where Bitcoin (BTC) is used as the base currency to buy or sell other cryptocurrencies. For example, in the BTC/ETH pair, you are using Bitcoin to buy Ethereum. These pairs are common on major exchanges because Bitcoin is a dominant asset in the crypto market and often used as a benchmark for other coins' values.
BTC pairs help traders avoid fiat conversions, reduce fees, and take advantage of crypto-to-crypto arbitrage opportunities. Understanding price movements in BTC pairs is essential, as the value of altcoins may rise in USD but fall in BTC terms.
