how to move currency BTC pair from one exchange to another

[zigger33]

Hello guys,

i got a question about how to move currency between exchanges ?

for example i buy  BTC/GBP  on 1. exchange  and i wont to move this to another exchange -  what will happen on the other exchange if they support BTC/GBP pair will this be visible as BTC/GBP   ore as BTC/USDT ?

thanks

[1714934032]

1714934032

[1714934032]

1714934032

[Oshosondy]

You cannot move coin pair, you can only use coin pair to convert from one coin to another. With BTC/GBP, you can convert between bitcoin and pounds sterling.

But if an exchange you are sending to is supporting bitcoin, you can move bitcoin to the exchange.

[zigger33]

so if i will send BTC/GBP  from exchange  what will i receive on another exchange BTC/USDT ?

[Zaguru12]

so if i will send BTC/GBP  from exchange  what will i receive on another exchange BTC/USDT ?

Coin pair are just used to convert between two coins or the currency it is paired with for example if you have usdt on your wallet and you want bitcoin equivalent to that usdt or less than it. You will look for the pair of BTC/USDT and then buy bitcoin. After this what you have on your wallet is bitcoin and not the pair. So to move the bitcoin to another address either exchange or wallet you just transfer using the withdraw option and to the new receiving exchange or wallet address. So there is no such thing as moving a pair.

[light_warrior]

so if i will send BTC/GBP  from exchange  what will i receive on another exchange BTC/USDT ?

You're spelling it wrong. If you transfer 1 bitcoin from one exchange where its price is listed in GBR (it is currently worth ~29899.63 pounds), then on the exchange where bitcoin is traded to USDT, there the price will be ~37743.61 USDT for 1 bitcoin.

[zigger33]

another question is how can i even trade USD - GBP ore EUR - GBP on exchange ?

it does not allow me to deposit GBP as currency

is there another way to change currency to currency on exchange ?  

[logfiles]

another question is how can i even trade USD - GBP ore EUR - GBP on exchange ?

it does not allow me to deposit GBP as currency

is there another way to change currency to currency on exchange ?  

For a start, what exchange or exchanges are you trying to use?

You can trade USD - GBP or EUR - GBP mostly in forex exchanges. In crypto exchanges like Binance USD is represented by stable coins such as USDT, FDUSD,USDC. You can exchange your USD for the stable coins and then use them to trade Bitcoins and other assets such as BTC/USDT, ETH/USDC

If you want to cash out, you can sell your BTC, USDT or USDC for USD on their customer to customer marketplace.

For EUR and GBP, they have no stable coins on Binance for example, so you can directly buy and sell Bitcoin using EUR and GBP as in BTC/EUR or BTC/GBP.

[jeraldskie11]

it does not allow me to deposit GBP as currency

I think there are exchanges who really accept GBP deposit via specific payment network and one of that is Binance. You can directly trade it with couple of pairs such as BTC, USDT, ETH and many more but it's only in spot. You can't be able to trade GBP in leverage trading in Binance.

Aside from that, you can't find all the information you need to deposit/withdrawal about GBP here in this link: Deposit and Withdraw EUR and GBP via SEPA and Faster Payments Service (FPS)

[GreatArkansas]

That's really difficult and complicated.
The best thing to do is do it quickly: close all your trades, convert your asset to the cheapest withdrawal fee cryptocurrency withdraw it, deposit it to the new exchange you want then open a new trade in  BTC/GBP or any pair you want.

[OcTradism]

i got a question about how to move currency between exchanges ?

You can withdraw a cryptocurrency from exchange A to exchange B. Withdraw from A and deposit it to B but you will have to pay withdrawal fee charges by the exchange A. Check withdrawal fee and how much is it for your withdrawal value before doing your withdrawal.

for example i buy  BTC/GBP  on 1. exchange  and i wont to move this to another exchange -  what will happen on the other exchange if they support BTC/GBP pair will this be visible as BTC/GBP   ore as BTC/USDT ?

You can not move trading pair. Listing trading pairs is a rights of each exchange and they are totally responsible for what they list, what they don't list.

Even two exchanges have a same trading pair, their price rate can be different because of trading volume, liquidity for that trading pair as well as order walls and trading activities of buyers and sellers on those exchanges.

[joniboini]

another question is how can i even trade USD - GBP ore EUR - GBP on exchange ?
it does not allow me to deposit GBP as currency
is there another way to change currency to currency on exchange ? 

Is there any reason why you want to trade a fiat pair though? I don't recall any crypto exchange that focuses on fiat trading pairs, except maybe in the forms of stable coins like USDC-EUR, etc. I assume you only have GBP to deposit but the exchange doesn't provide a trading pair for that? Can't really give you any meaningful suggestions without knowing what exchange you use, as mentioned above. At the very least, you can do P2P to trade your fiat if you can't move to another exchange. CMIIW.

[rat03gopoh]

another question is how can i even trade USD - GBP ore EUR - GBP on exchange ?

it does not allow me to deposit GBP as currency

is there another way to change currency to currency on exchange ?  

Does your local bank not allow that?
This may be too personal a question, why would you want a BTC/GBP pair if you're this complicated? It should be noted that too many exchange processes are also costly. I think you can simply trade BTC with your local currency on the local exchange.

[armanda90]

You can't move the same pair with current exchange when you buying bitcoin trough BTC/GBP, some exchange not support with this pair and ability for moving your bitcoin fund only to other exchange and trade there with stable coins or pair available such as in Binance have FUSD, TUSD and USDT. Its not problem when you move with other pair because the values of bitcoin is the same when you trade with GBP pair or stable coins pair as USDT.

Usually local exchange market have own fiat currency like in my local exchange with IDR pair, its only available for selling bitcoin with BTC/IDR pair in my local exchange and can't sell on other exchange with this pair. You must use global exchange from Binance, Huobi and Kucoin if you want trade or get other pair option with USDT, USDC and many other pair of stable coins are available.

[mk4]

Specific exchanges will only support specific trading pairs — you can't just "move" trading pairs because you want to; they need to support the trading pair themselves. If exchange X doesn't support the trading pair you want, best thing you can do is to just move to a different exchange that supports the trading pair you want; or maybe submit feedback(but don't bet on it).

[hd49728]

Specific exchanges will only support specific trading pairs — you can't just "move" trading pairs because you want to; they need to support the trading pair themselves.

Even they have similar trading pairs, it's impossible to move between two exchanges quickly because it depends on on chain transaction time and time needed for two exchanges to handle withdrawal and deposit. Depends on different blockchain, waiting time can be small or big but surely it will not be immediately. Some people use it for arbitrage trading but they have to consider waiting time together with price difference between two exchanges.

When moving money between two exchanges, even with a same cryptocurrency, must pay attention on the chain used to move money.

If exchange X doesn't support the trading pair you want, best thing you can do is to just move to a different exchange that supports the trading pair you want; or maybe submit feedback(but don't bet on it).

Sometimes, it needs to switch to a middle cryptocurrency like USDT that is listed on two exchanges before being able to trade the wanted cryptocurrency.

[Husires]

If exchange contains the BTC/GBP trading pair, then you can use it with the BTC/USDT trading pair and speculate between them, just as happens in Forex, where you will need to convert from GBP to BTC to USDT and vice versa, but most platforms provide this option as a converter, where you can convert Bitcoin to GBP. Then withdraw it as a bank balance and you cannot use it for trading.

If you want to trade foreign currencies, cryptocurrency exchange are not designed for that.

[Uruhara]

It doesn't matter if you buy BTC on exchange 1 with the coming pair BTC/GBP and then send to exchange 2 which only provides the trading pair BTC/USDT. Because what is sent is the coin itself (Bitcoin) regardless of whether you buy it with any trading pair. This is the same as buying bitcoin on exchange 1 with USDT and then sending that BTC to Exchange 2 which only has USDC trading pairs. But what you have to be careful of is that you send real bitcoin to a wrapped bitcoin address.

But sorry if I responded wrongly. please correct me. But this reminds me a little of when I first got into crypto trading. I was confused about this kind of delivery. If I don't misunderstand this topic of course.

[arwin100]

Hello guys,

i got a question about how to move currency between exchanges ?

for example i buy  BTC/GBP  on 1. exchange  and i wont to move this to another exchange -  what will happen on the other exchange if they support BTC/GBP pair will this be visible as BTC/GBP   ore as BTC/USDT ?

thanks

What are you trying to do? You want to trade your GBP to BTC right? then go to BTC/GBP pair and trade then after that if you also want USDT after you trade BTC then go to BTC/USDT then trade. This is repetitive process so for sure you could easily learn this. But also try to see if there's an option on all of this in the exchange where you want to trade so you can make a successful trades with those pairs you want. Also if you are still confused try to ask more regarding on what you want since people here are open to answer your question so you could learn from us here.

I know trading is confusing but if you are done with you first trade for sure you will know how to do it on other pairs.

[bitLeap]

so if i will send BTC/GBP  from exchange  what will i receive on another exchange BTC/USDT ?

Trading pairs are only available when you trade on certain exchanges, but when you want to move coins you will see for yourself whether it is in a Bitcoin or GBP address. This is not a case of combining BTC and GBP as there are no address options that combine such a choice. BTC yes with a BTC address but otherwise GBP depending on what network provides the GBP coin service. Stable coins are usually ERC20, BNB, or TRC20 depending on choice. So do you understand correctly that a pair of coins does not mean a combination of one coin?

[bayu7adi]

It seems like you're having difficulty in trading crypto via exchanger , so you considering that currency pairs can be moved from one exchange to another. FYI, pairs like BTC/GBP or BTC/USDT are set by exchanges to facilitate the exchange between BTC and GBP or BTC and USDT (and vice versa), and the market price is typically displayed there. Pairs on exchanges are not like currencies or cryptocurrencies.... therefore, they cannot be transferred.

Something that can be transferred from one exchange to another are BTC, GBP, or even USDT, with the condition that the relevant exchange supports deposits for the specific currency. Not all exchanges support every currency, so choosing an exchange that supports the currencies you have and the ones you're targeting is crucial. Local cryptocurrency exchanges are often more user-friendly.

The only advice I can say to you is : try exchanging your BTC for GBP (or vice versa) using the BTC/GBP pair. This way, you'll gain a better understanding of how that exchange works. Also, try making deposits and withdrawals to understand its functions firsthand.