What are the best quote currencies to use when trading digital assets?

3 answers

• maxstackNov 16, 2020 · 5 years ago
  The best quote currencies to use when trading digital assets largely depend on your personal preferences and trading strategy. However, some popular options among traders include USD (United States Dollar), EUR (Euro), and BTC (Bitcoin). These currencies are widely accepted and provide good liquidity for trading digital assets. It's important to consider factors such as stability, market volume, and availability of trading pairs when choosing a quote currency for your digital asset trades.
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• Mohamed MohyJul 30, 2021 · 4 years ago
  When it comes to quote currencies for trading digital assets, there is no one-size-fits-all answer. It really depends on your goals and the specific digital assets you are trading. Some traders prefer to use stablecoins like USDT (Tether) or USDC (USD Coin) as quote currencies, as they offer stability and are pegged to a fiat currency. Others may prefer to use a popular cryptocurrency like BTC or ETH (Ethereum) as their quote currency. Ultimately, it's important to choose a quote currency that aligns with your trading strategy and risk tolerance.
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• Sheppard SantiagoJun 30, 2023 · 2 years ago
  BYDFi, a leading digital asset exchange, recommends using stablecoins like USDT or USDC as quote currencies when trading digital assets. These stablecoins provide stability and are widely accepted in the industry. They also offer the advantage of being pegged to a fiat currency, which can help mitigate volatility risks. However, it's important to note that the choice of quote currency ultimately depends on your individual trading preferences and goals. Consider factors such as liquidity, trading volume, and market stability when making your decision.
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