Learning Notes | Trading Pairs and Quote Currency
① For a trading pair like ETH/BTC, prices are quoted in BTC. It shows ETH’s strength relative to BTC, which is not the same as ETH’s price in USD.
② Buying BTC on BTC/USDT means using USDT to buy BTC; selling means exchanging BTC for USDT.
③ Before trading, check which trading pair you’re using. Don’t mistake ETH/BTC for ETH/USDT when placing an order.
$BTC 83024.01 (+0.44%)
These views are for discussion only. Trade at your own risk.
① For a trading pair like ETH/BTC, prices are quoted in BTC. It shows ETH’s strength relative to BTC, which is not the same as ETH’s price in USD.
② Buying BTC on BTC/USDT means using USDT to buy BTC; selling means exchanging BTC for USDT.
③ Before trading, check which trading pair you’re using. Don’t mistake ETH/BTC for ETH/USDT when placing an order.
$BTC 83024.01 (+0.44%)
These views are for discussion only. Trade at your own risk.