$BTC
A coin pair with $BTC (Bitcoin) refers to a trading pair where Bitcoin is traded against another cryptocurrency or fiat currency on an exchange. Here's a breakdown:
๐ What Is a Coin Pair?
A coin pair shows the two currencies involved in a trade โ for example:
BTC/USDT โ You trade Bitcoin against Tether (a stablecoin).
BTC/ETH โ You trade Bitcoin against Ethereum.
BTC/USD โ You trade Bitcoin against US dollars.
๐ How It Works
In the pair BTC/USDT, for example:
Youโre buying BTC using USDT.
Or selling BTC to receive USDT.
The price reflects how much of the second currency (the quote currency) you need to buy 1 unit of the first (the base currency):
If BTC/USDT = 65,000, that means 1 BTC = 65,000 USDT.
๐ Popular BTC Coin Pairs
Here are a few widely used BTC pairs:
BTC/USDT โ Most common, especially for stablecoin-based trading.
BTC/USD โ Fiat-based trading.
BTC/ETH โ Trading between two major cryptocurrencies.
BTC/BNB, BTC/SOL โ Trading BTC against popular altcoins.