$BTC
A BTC pair refers to a trading pair where Bitcoin (BTC) is one of the two assets being traded. In a BTC pair, Bitcoin is used to measure the value of the other asset or as the base currency for the trade.
Examples of BTC pairs:
1. ETH/BTC – Trading Ethereum (ETH) against Bitcoin. If the ETH/BTC price is 0.06, it means 1 ETH is worth 0.06 BTC.
2. BNB/BTC – Trading Binance Coin (BNB) against Bitcoin. If the BNB/BTC price is 0.01, it means 1 BNB is worth 0.01 BTC.
3. ADA/BTC – Trading Cardano (ADA) against Bitcoin.
How BTC pairs work:
If you buy a BTC pair (like ETH/BTC), you are using BTC to buy ETH.
If you sell a BTC pair, you are exchanging the asset (like ETH) to receive BTC.
BTC pairs are commonly used for trading altcoins since Bitcoin is a dominant and widely accepted base currency in the crypto market.
The value of BTC pairs is influenced by the price movements of both Bitcoin and the paired asset.
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