Trading Pairs Explained

Trading Pairs Explained

A trading pair represents two currencies that can be exchanged for each other on ByteExchange.

Base and Quote Currency

Every pair is written as BASE/QUOTE:

  • Base currency (left) — The asset you are buying or selling
  • Quote currency (right) — The asset you are pricing in
Example: In BTC/USDT, BTC is the base and USDT is the quote. A price of 65,000 means 1 BTC costs 65,000 USDT.

Common Quote Currencies on ByteExchange

QuoteDescription
USDTTether stablecoin, most popular pair
BTCBitcoin pairs for altcoin trading
ETHEthereum pairs
EUREuro fiat pairs
TRYTurkish Lira fiat pairs

How to Choose a Trading Pair

  1. Liquidity — Pairs with higher volume have tighter spreads and less slippage. BTC/USDT and ETH/USDT are the most liquid.
  2. Your holdings — If you hold USDT, look at /USDT pairs. If you hold BTC, look at /BTC pairs.
  3. Trading goal — Want to convert between altcoins? You may need to go through BTC or USDT as an intermediary.

Cross Pairs

Some pairs let you trade directly between two altcoins (e.g., ETH/BTC) without needing a stablecoin step. This can save on fees if both assets are in your portfolio.

Pair Information

Click on any pair to see:

  • 24-hour price change and volume
  • Price chart and order book
  • Recent trades

Tips

  • Stick to high-volume pairs for the best execution.
  • Use the star icon to add pairs to your favorites for quick access.
  • The Convert feature lets you swap between any two supported assets without needing to find a specific pair.