Dear users,HBTC has listed BTC/USDC & ETH/USDC trading pairs, welcome to trade USDC at: Trade BTC/USDC. In cryptocurrency, the term “trading pairs” describes a trade between one type of cryptocurrency and another. For example, the “trading pair” ETH/BTC. With ETH/BTC you can buy Ethereum with Bitcoin, or Sell Ethereum for Bitcoin. After-all, these cryptocurrencies are types of monies! Mar 26, · We can see many orders with the '[coin] to USD' pair. In terms of crypto-to-crypto pairs, the most popular are BTC/ETH, BTC/LTC, USDT/BTC and ETH/LTC, among others. These pairs are successful because there's a global demand for Bitcoin, Ethereum, Litecoin and other similar cryptocurrencies. Traders can easily find buyers at the right moment.
Trading pairs btc or ethPair of ETH/BTC (BITTREX) for BITTREX:ETHBTC by KHRYSOPELEA — TradingView
Since you cannot buy altcoins directly from Stage 1 exchanges, the price of the altcoins is not quoted in your domestic currency. Here's an example:. There are many applications and resources that allow you to do that, and Coin Market Cap is a popular resource:. The main purpose of valuing your coins using a base currency most commonly BTC is to increase the number of coins you hold. Following the above example, if say you bought 1 XMR using 0. If you're on your way to buying your coins, here's a list of useful guides and resources to get you started:.
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Search Master The Crypto Guides. Learn More About M. To help you better understand trading pairs, consider the example below. Example : Imagine you have on hand Bitcoin and cash meaning fiat currency like dollar bills and you want to obtain Litecoin.
The fiat value of the trade is no different in the moment the trade is made as you owned that Bitcoin which went up in value the same as you owned your cash , but if your goal is to get more coins because you believe the cash value of all coins will go up or that Litecoin will go up and Bitcoin back down in this example , and you time things right, you can do really well with trading pairs.
Of course, things can go very wrong with trading pairs too. In a case staying in cash or Bitcoin would have been a better play. Hopefully that simple example gave insight into the value and risks of trading pairs. They are a powerful tool, but there is lots of room to go wrong.