The world of cryptocurrencies attracts investors and individuals interested in backing their money through these digital assets. Additionally, cryptos can also be used as an investment to obtain greater profits when their value increases.
However, there are many aspects of the cryptocurrency market that can be confusing for many. If you are not a crypto expert, then you need to know about the most common terms used in this area.
This will help you make smart investment decisions and see a greater return on your money. In this sense, it is important to learn about cryptocurrency pairs and how to use them to your advantage.
Article Content
What is BTC/USDT?
Bitcoin, popularly abbreviated as BTC, is one of the most popular cryptocurrencies today. More and more people are looking to invest in this asset and thus participate in the market.
On the other hand, there are also stablecoins, which are another type of cryptocurrency in which you can invest or that can be used for trading. Currently, one of the most popular is Tether USDT.
So when we see both terms together, as BTC / USDT, what is being done is comparing the value of one with respect to the other. This is known as a cryptocurrency pair, and the comparison can be made between any of the digital currencies that exist.
What is a cryptocurrency pair?
A cryptocurrency pair is a quote made when comparing the cost of one cryptocurrency with another different token. That is, the price of one is measured against the other.
This means that the BTC/USDT pair refers to the Bitcoin/Tether pair. Likewise, there is a wide variety of cryptocurrency pairs, depending on the comparison you want to make, such as ETH/BTC, which is the Ether/Bitcoin part. However, it is generally done between cryptocurrencies that have a high market price.
So to read the BTC/USDT cryptocurrency pair we must know that the currency on the left is the base currency, and it is the one that is compared in exchange for the secondary currency.
The expression is always accompanied by an amount. For example, if we read the BTC/USDT quote 21620 this means that that number of the secondary currency is needed to obtain one unit of the base currency.
What are stablecoins?
In order to better understand the BTC/USDT cryptocurrency pair, it is necessary to know about stablecoins, since USDT belongs to this classification.
A stablecoin is like a version of a Fiat currency that is backed by real-world assets. Also known as “stablecoins”, USDT is currently the most popular of them.
Its name is Tether and it maintains parity with the US dollar. Because it works as a representation of the dollar on the blockchain, its name comes from exactly that, from the union of USD with T, which is the initial of the Tether project.
Why use the BTC/USDT pair?
Because the largest capitalization cryptocurrencies are the ones that you can exchange for dollars or euros directly, sometimes it is not that simple.
In the case of BTC, if you want to transfer its equivalent to dollars, you can easily do so through the BTC/USDT pair. Best of all, this parity is very popular, making it a common, quick and easy process.
Likewise, if you have USDT and want to buy BTC, the procedure will be just as efficient.
The latest price of BTC/USDT
En KuCoin You can consult the cryptocurrency pairs you want, in order to make your investment based on a good strategy.
In addition, through our platform you can stay up to date with BTC prices and exchange your USDT for this cryptocurrency.
Investing in BTC is a smart choice because its value continues to rise and is likely to reach its all-time highs again.
To buy BTC with USDT you can create an account on our platform, and add funds by transferring USDT from your wallet. Once this process is done, you will be able to buy the amount of BTC you need.
Expert in SEO/SEM and communication on social networks.
CEO at tecnologia.net and passionate about everything related to technological progress
