Unodax, India’s leading blockchain and cryptoasset company is introducing 17 crypto-to-crypto trading pairs. As a trader, you may ask how should I buy cryptoasset in Unodax after the banks have stopped facilitating payments to cryptoasset exchanges in India. Unodax offers a solution through crypto to crypto pair trading.
This article is an introduction to crypto-to-crypto pair trading at Unodax.
Important terms which you should know before trading crypto-to-crypto.
Crypto-to-crypto trading pairs have a base coin and a quote coin.
Base Coin: Base coin or base asset is the underlying asset used to buy other cryptoasset. Base coin is similar to INR, which you use to buy any cryptoasset in an exchange.
Example: Consider BCH/BTC
In the above crypto pair BTC is the Base coin which you used to buy BCH.
Quote Coin: Quote coin is the Cryptoasset which you wish to buy.
In the above crypto pair BCH is the Quote coin.
Unodax offers 17 crypto to crypto pairs for trading with 3 base coins. Below is a list of crypto pairs which is available to trade at Unodax.
Crypto to Crypto pairs
Base coin: BTC
Base Coin: ETH
Base Coin: XRP
Fees Structure: Unodax collects fees based on a maker and taker model.
Maker Fees: 0.4%
Taker Fees: 0.6%