Crypto trivia 📚 Trading pairs and quote currencies
Buying BTC in the BTC/USDT pair means using USDT to buy BTC; selling means exchanging BTC back for USDT.
A pair like ETH/BTC is priced in BTC, reflecting ETH’s gains or losses relative to BTC—not the same thing as ETH’s price in dollars.
I didn’t understand this before, and the tuition I paid could have bought me milk tea for several months.
Back to the market: $BTC is quoted at 76042.84 (24h +0.33%).
Buying BTC in the BTC/USDT pair means using USDT to buy BTC; selling means exchanging BTC back for USDT.
A pair like ETH/BTC is priced in BTC, reflecting ETH’s gains or losses relative to BTC—not the same thing as ETH’s price in dollars.
I didn’t understand this before, and the tuition I paid could have bought me milk tea for several months.
Back to the market: $BTC is quoted at 76042.84 (24h +0.33%).