What are the advantages of trading BTC pair?

[cafter]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair. In this process, I need to pay a double fee, so trading directly with a bitcoin pair will save me fees in any way?
How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

[Oshosondy]

Altcoins are more volatile and that is why people will use lower amount of money to trade them which can make the fee low. But if you have enough bitcoin, you can trade bitcoin which its market is more predictable than some altcoins.

Know that some good traders are losing because they are trading shit coins, but you can also trade the altcoins and make money if you get it rightly.

[FatFork]

I want to know why there are so many pairs available to trade on exchanges.

Crypto exchanges usually aim to rake in as much profit as they can from trading fees.

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so trading directly with a bitcoin pair will save me fees in any way?

It's kind of obvious. Each individual trade comes with trade fees. The fewer trades you make, the lower your trading fees will be.

How will I profit if the prices of altcoins match those of bitcoin?

Do you know how triangular arbitrage works? That's one way to do it.

When I trade with the BTC pair, both will rise and fall simultaneously.

That will rarely happen. While both cryptocurrencies may follow the same price trend, it doesn't mean that the prices will change simultaneously. When bots are involved, even milliseconds can make a difference.

[Dunamisx]

I want to know why there are so many pairs available to trade on exchanges.

It's for you to have enough available currencies pairs that you can exchange your crypto coins with, mostly, you will discover a well recognized crypto coin paired with a newly introduced currency fast rising, this helps other people to invest in them through exchanges from one coin to another and then when their market rises, they developed high market cap and volume and the value of such coin increases, so this help in exchanging from one coin to another for investment profitability on coins that have good and realistic project developers.

Does trading with a bitcoin pair help us save fees in any way?

It all depends on the coin you're trading for, the network they belongs all determines the rate of what you're going to be charged.

How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

If you're trading, you will see the rate each currency you're making pairs with worth with the standard rate of bitcoin in respect to USD, bitcoin may be rising while your atcoins is falling, except on rare occasions you discover them rising both at the same time.

[logfiles]

Yes it can save you from doing multiple trades just to get into another coin of your choice but also;

Trading Bitcoin pair in a bull market = making more profit in fiat value because as the price of the coin you trade for Bitcoin rises in sats, so does the value of bitcoin (sats) rise.
If it's a bear market, you will be at a disadvantage. It's better to trade using USDT pairs

[gunhell16]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair. In this process, I need to pay a double fee, so trading directly with a bitcoin pair will save me fees in any way?
How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

So there are trading pairs because they have their own rate when it comes to trading fees, and any traders will carry out trading activity on an exchange site platform, if I'm not mistaken. But there is another trading pair that has no trading fee. I have seen something like that in other exchanges, like Bybit and others.

Then another good thing about the trading pair is that when you do a trade, for example, on Btc-matic sell or buy in this trading pair, you have nothing to lose because they both have the ability to give you profit. I just don't know if it got what it meant.

[TheUltraElite]

How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

Thats one use of stablecoins like USDT, you can cut down the middle fee.

Consider bitcoin is rising and you sell for USDT. Now you have big chunk of USDT at hand and you wait it out, till bitcoin drops and use the same USDT to buy back the bitcoin. End result is that you multiplied the Bitcoin by a factor > 1 usually something like 1.x - so this is how buyback works and how people stash up coins taking advantage of the cycles.

Bitcoin-USDT-Altcoin would be another layer to this. I usually dont suggest altcoins, but if you are interested in any, you can use the same strategy to multiply an altcoin.

Remember that cycle reversals take months, so this is a long term game.

[lombok]

I want to know why there are so many pairs available to trade on exchanges.

Crypto exchanges usually aim to rake in as much profit as they can from trading fees.

That's the reality. They need a lot of money so that the exchange can continue to run. Apart from making a profit, they also need reserve funds to anticipate things outside the exchange's control.

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair. In this process, I need to pay a double fee, so trading directly with a bitcoin pair will save me fees in any way?
How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

It depends on consumer choice. Exchange only provides facilities in my opinion. There are several options here that traders take. There are traders who like to accumulate Bitcoin, so they prefer to trade with BTC pairs so that the BTC they have increases (they trade this model as a long-term investment because they believe that the price of BTC will always rise in the future) = holder BTC

Forex speculators and traders who enter crypto usually use USDT as their trading pair. They tend to like playing using the USDT pair because they have little confidence in the future of BTC/Crypto, they only take advantage of volatility or crypto movements for profit/printing money.

[pooya87]

In almost all cases people who trade altcoins are trying to increase their bitcoin wealth this is why there are always altcoin/bitcoin pairs and in most cases the volume is dominating in comparison to other pairs (altcoin/stablecoin/fiat/other_altcoins).
The other options were added later for people who were bag holding other altcoins and didn't want to dump them but they wanted to trade and get rid of those alts in other ways.

[jeraldskie11]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair. In this process, I need to pay a double fee, so trading directly with a bitcoin pair will save me fees in any way?

If you cash-in to your exchange account to trade, I recommend that you deposit usdt instead of Bitcoin. There are local exchanges where you can buy usdt by transferring to the exchange or if you use Binance exchange you can buy usdt through P2p. So your double fee problem can be solved in this way.

How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

Even though we have what we call Bitcoin dominance, there are still some Alts who don't follow the direction of Bitcoin especially if the price did not move impulsively. Those Alts are probably strong alts. But usually Alts depend on the price of Bitcoin. That's why what traders usually use is usdt pair.

[adaseb]

When it comes to technical analysis, I find the BTC pairs to be very unreliable. Maybe if its an important pair and its about to hit an important psychological number such as 0.10 on ETHBTC but the majority of people do technical analysis on the fiat pairs.

Why do they have it? Well if you don't want to trade fiat pairs you will save yourself the spread and commissions. Say you mine ETH but want to keep BTC. Without BTC pairs you would need to sell BTCUSD and then buy ETHUSD but you can do it directly instead.

[OcTradism]

I want to know why there are so many pairs available to trade on exchanges.

People want it and exchanges have to satisfy their customers by deploying more trading pairs. It can be requested from projects that pay listing fees for centralized exchanges too.

Does trading with a bitcoin pair help us save fees in any way?

To save trading fee on centralized exchanges, you usually have to own their exchange native tokens to get discount in trading fee. Or you have to climb up higher in their exchange VIP level to have lower trading fee for higher VIP account.

By trading with Bitcoin trading pair, you won't get any reduction in trading fee. I don't see it on any centralized exchange.

[GreatArkansas]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair.
(...)

I haven't yet heard about this trading fee discount or you can save by doing this way to trade Bitcoin.
From what I can say sometimes on some exchanges they have this event where fees are discounted, or in some pairs and you do trade, you can have some free trading fees or discounted.
Take note also on the way you mentioned, you will be able to lose some money here also just incase there is some price fluctuation during your exchange.

[Wapfika]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way?

Technically yeah, But the main purpose of having a BTC pair is because many crypto traders is holding Bitcoin and in fact Bitcoin is the major pair before in all altcoin before the existence of stablecoin. New traders just saw USDT as main trading pair now since it’s more easier to memorize in terms of price because it’s pegged to fiat which we all use.

But for most of Bitcoin holders. They always look on Bitcoin quantity and not on fiat since they only care about their Bitcoin quantity to grow not the fiat value since it surely grows overtime by just holding Bitcoin while Bitcoin quantity won’t grow.

[Hamza2424]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair. In this process, I need to pay a double fee, so trading directly with a bitcoin pair will save me fees in any way?
How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

Hmm.. Bitcoin valuation compared to the USDT, I'm not sure about the fees, but in terms of valuation it can be really helpful if executed smartly, It can be the future adoption of many users, just try to analyze the BTC pair with any coin and USDT pair with any coin and now compare the trades profit/loss there will be a huge difference. Stablecoins are risk-free pairs from most traders' perspectives but if you're a Bitcoin the BTC valuation mindset can be your greatest opportunity.

Let's understand it properly with the cycling movement.

♦️ BEar Marekt (Stable Currnecy ✔️)
♦️ Pre-Halving (Bitcoin ✔️)
♦️ Halving (Bitcoin ✔️)
♦️ Post Halving (Altcoins ✔️)

[cabron]

Just like in foreign exchange, BTC/USDT is one of the major pairs as much as EUR/USD. And BTC is the major currency as well in crypto. There is nothing else better to hold than BTC. Everybody will be on BTC/USDT if the transaction/trading fee will be in USDT.

When it comes to fees, it is always Satoshis when you trade BTC/USDT and the trading fee will as always be the altcoin you trade like Gweis if you trade the pair ETH/USDT.
It doesn't make sense to trade altcoin/stablecoin when you are trying to accumulate BTC, just stick to BTC/USDT if that is your purpose.

[batang_bitcoin]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair. In this process, I need to pay a double fee, so trading directly with a bitcoin pair will save me fees in any way?

The fees aren't that much when you're going to do that as they're like a few centavos when you do the trade on different pairs.

How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

And that's how you profit, when the price of the other altcoins falls down, you buy and then sell when it rises. There's no other ways of making a profit in trading but just as that.

[Yamane_Keto]

Transaction fees are small compared to the price of Bitcoin, as when you trade in the altcoin with Bitcoin pair, they must be very good, otherwise it is difficult for the altcoin to rise against Bitcoin, while this is possible in the USDT pair.
You can reduce the trading fee depending on the platform. Some platforms give you a discount if you use local tokens, use the converter command, buy some accounts, provide more data, etc. Search or ask here and we will help you reduce the fees, but following  altcoin Bitcoin pair will not reduce fees.

there are many altcoins pairs because they pay for the exchange

[Saint-loup]

I want to know why there are so many pairs available to trade on exchanges.
Does trading with a bitcoin pair help us save fees in any way? For example, if I need to trade other altcoins, I need to first sell my bitcoin for USDT and then trade that altcoin with the USDT pair. In this process, I need to pay a double fee, so trading directly with a bitcoin pair will save me fees in any way?
How will I profit if the prices of altcoins match those of bitcoin? When I trade with the BTC pair, both will rise and fall simultaneously.

You will only need to sell your Bitcoins for USDT if you don't deposit fiat money on the exchange or if you don't hold stablecoins. Sometimes it's better to hold stablecoins than Bitcoin, especially if you need to withdraw money from time to time and don't want to have to convert BTC in fiat when it is potentially at its lower price. In addition there are interesting investments in stablecoins, and many people prefer gambling with them, so what you say about the double fees paying issue is not true for everybody.

[Yamane_Keto]

In addition there are interesting investments in stablecoins, and many people prefer gambling with them, so what you say about the double fees paying issue is not true for everybody.

I'm also starting to wonder at this kind of thinking, why do many people want to take the risk and buy stablecoins like USDT and lend them to get 5% interest when there is a bull market nearby that could double the price much faster than that.
The high liquidity that you find in stable currencies within platforms makes them an ideal tool for stealing customers’ money, as people tend to deposit and keep it on the platform in the hope of interest rather than withdrawing it as Bitcoin.