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What is a Buy & Sell?

Buy and Sell are two types of actions that represent the interaction between the Base and the Quote assets. The action is initiated against the Base asset. When a Buy is opened, we are spending the Quote asset to acquire (buy) the Base asset. Performing a Sell, on the other hand, means spending (selling) the Base asset to obtain the Quote asset.


For example, if the BTC/USDT pair is selected, BTC is the Base asset and USDT is the Quote asset. A Buy means acquiring BTC by selling USDT. On the other hand, a Sell means spending BTC to obtain USDT. 

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