As part of eToro’s ongoing efforts to present its clients with exposure to new markets and diversified trading and investment options, the cryptocurrency pair Ethereum/Bitcoin (ETH/BTC) is now available on the eToro platform (with Ethereum (Ether) as the base cryptocurrency and Bitcoin as the quote). eToro clients who believe that Ethereum will go up in value against the Bitcoin could open a long (BUY) position on ETH BTC, . Dear users,HBTC has listed BTC/USDC & ETH/USDC trading pairs, welcome to trade USDC at: Trade BTC/USDC. Pair of ETH/BTC (BITTREX) Ethereum / Bitcoin (BITTREX:ETHBTC) − −%. KHRYSOPELEA Nov BITTREX:ETHBTC − −% Ethereum / Bitcoin. Ethereum / Bitcoin. 1W. BITTREX. O.
Trading pairs btc or ethAnnouncement on close the trading pairs of ZEC/ETH and BTT/BTC – DigiFinex Help Center
Some domestic exchanges allow you to buy Ethereum and Litecoin using your domestic currency. In fact, ETH and LTC are even more preferred as confirmation times are much faster and they are much cheaper to transfer. Stage 1 requires you to open a local crypto exchange that accepts your domestic currency e.
More often than not, local cryptocurrency exchanges do not offer a wide variety of coins to trade, and that's the main reason for buying the base currencies.
If you want to buy any other coins besides those 3, then you would proceed to Stage 2. It should be noted that in both Stages, you shouldn't store your coins in an exchange but instead in a private wallet that you control, so as to secure your coins safely. This rate requires you to open a cryptocurrency exchange that only accepts Cryptocurrency deposits. Here's the list of differences between a fiat-accepting exchange Stage 1 and a Crypto-accepting exchange Stage 2.
After understanding the cryptocurrency trading process, it's time to dive deeper into the mechanics of the cryptocurrency trading pairs and how it works. This is straightforward as you will be aware of the value of coins you're buying with your domestic currency.
Since you cannot buy altcoins directly from Stage 1 exchanges, the price of the altcoins is not quoted in your domestic currency. Here's an example:. There are many applications and resources that allow you to do that, and Coin Market Cap is a popular resource:.
The main purpose of valuing your coins using a base currency most commonly BTC is to increase the number of coins you hold. Following the above example, if say you bought 1 XMR using 0.
If you're on your way to buying your coins, here's a list of useful guides and resources to get you started:. Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.
Get our exclusive e-book which will guide you through the step-by-step process to get started with making money via Cryptocurrency investments! Master The Crypto is a user-first knowledge base featuring everything bitcoin, blockchain and cryptocurrencies.
The MTC resource center aims to bridge the gap by featuring easy-to-understand guides that build up and break down the crypto ecosystem for many. Master The Crypto is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.
Example : Imagine you have on hand Bitcoin and cash meaning fiat currency like dollar bills and you want to obtain Litecoin. The fiat value of the trade is no different in the moment the trade is made as you owned that Bitcoin which went up in value the same as you owned your cash , but if your goal is to get more coins because you believe the cash value of all coins will go up or that Litecoin will go up and Bitcoin back down in this example , and you time things right, you can do really well with trading pairs.
Of course, things can go very wrong with trading pairs too. In a case staying in cash or Bitcoin would have been a better play. Hopefully that simple example gave insight into the value and risks of trading pairs. They are a powerful tool, but there is lots of room to go wrong. The last thing to note here, and this is important, is that trading one crypto for another is a taxable event.