$BTC When you refer to a "coin pair $BTC", you're probably discussing a trading pairin which Bitcoin (BTC) is one of the two assets being traded.
A trading pair in cryptocurrency means the rate of exchange between two various cryptocurrencies, or between a cryptocurrency and a fiat currency. It's the way you decide how much one currency you must invest to get a unit of another.
Here is how BTC pairs function and some examples that are most common:
BTC Trading Pairs Explained
Format: Trading pairs are usually shown as `BASE/QUOTE`.
Base Currency (BTC):This is the first unit of currency. It's what you're buying or selling.
LQuote Currency: The second currency in the pair. It's the currency that is used to quote the base currency, indicating how many of it one needs to purchase a unit of the base.
Example: BTC/USDT
BTC is the base currency (Bitcoin).
USDT is the quote currency (Tether, a stablecoin whose value is pegged to the USD).
If BTC/USDT is $60,000, then you require 60,000 USDT to purchase one BTC.
Most Popular BTC Trading Pairs
Bitcoin is the most actively traded cryptocurrency and is therefore paired with numerous other assets. Some of the most popular and liquid BTC trading pairs are:
Crypto-to-Fiat Pairs:
BTC/USD: Bitcoin against US Dollar. This is a very core pair, which displays the value of Bitcoin directly compared to the world's main reserve currency.
BTC/EUR: Bitcoin against Euro.
BTC/GBP: Bitcoin against British Pound.
The other fiat currencies such as CAD (Canadian Dollar), JPY (Japanese Yen), INR (Indian Rupee), etc., are also prevalent based on the exchange and geography.
Stablecoin Pairs:
BTC/USDT: Bitcoin and Tether. This is probably the most actively traded pair in the crypto space because Tether has proven to be a stable and commonly used proxy for USD.
BTC/USDC: Bitcoin against USD Coin (another stablecoin equivalent to USD).
BTC/BUSD: Bitcoin against Binance USD (a stablecoin issued by Binance).
Crypto-to-Crypto Pairs (Altcoin Pairs with BTC):
