Trading Notes | Trading Pairs and Quote Currency
① Buying BTC/USDT means using USDT to buy BTC; selling means exchanging BTC for USDT.
② A trading pair is written as “A/B.” A is called the base asset, and B is the quote currency. The price indicates how much B you can get for 1 A.
③ Before trading, check which trading pair is selected. Don’t place an order for ETH/BTC thinking it’s ETH/USDT.
$BTC 76433.8(-2.38%)
① Buying BTC/USDT means using USDT to buy BTC; selling means exchanging BTC for USDT.
② A trading pair is written as “A/B.” A is called the base asset, and B is the quote currency. The price indicates how much B you can get for 1 A.
③ Before trading, check which trading pair is selected. Don’t place an order for ETH/BTC thinking it’s ETH/USDT.
$BTC 76433.8(-2.38%)
