Bitcoin represents digital gold, Ethereum powers smart contracts, and USDT serves as a dollar-pegged stablecoin. Though distinct in purpose, these three dominate as core assets on platforms like OKX. Learn their differences and how to access detailed coin information — from price charts to network types — for informed trading decisions.
Understanding the "Big Three" of Crypto
1. Bitcoin (BTC): Digital Gold
- Role: Pioneer cryptocurrency and decentralized store of value
Key Features:
- Fixed supply: 21 million coins
- Scarcity-driven design mimicking gold
- Primary use: Long-term holding and inflation hedge
- Why it matters: Bitcoin remains the flagship crypto asset, widely adopted for its security and brand recognition.
2. Ethereum (ETH): The Smart Contract Platform
- Role: Foundation for decentralized applications (dApps)
Key Features:
- No hard cap, but reduced inflation post-EIP-1559
- Supports DeFi, NFTs, and DAOs via programmable contracts
- Ongoing upgrades (e.g., Ethereum 2.0)
- Why it matters: ETH's value stems from its utility as "the world's programmable blockchain."
3. USDT (Tether): The Stablecoin Standard
- Role: Price-stable trading pair and liquidity tool
Key Features:
- 1:1 USD peg (theoretically backed by reserves)
- Available on multiple networks (ERC-20, TRC-20, etc.)
- Dominates crypto trading volume
- Why it matters: USDT provides stability amid volatile markets, acting as crypto’s "safe harbor."
How to Check Coin Details on OKX
Follow these steps to analyze any cryptocurrency’s vital stats:
Web Platform
- Visit 👉 OKX Official Site
- Click Markets in the top menu
- Search for your coin (e.g., BTC, ETH, USDT)
- Select the coin to view its dedicated page
Mobile App
- Open the OKX App (download here)
- Tap Markets at the bottom
- Enter the coin name in the search bar
- Access real-time charts, market cap, and network info
Key Data Points to Review:
- Price history and volatility trends
- Circulating supply vs. total supply
- Trading volume and liquidity metrics
- Supported networks (avoid wrong-chain transfers)
Avoiding Scams: Red Flags to Watch For
- Fake Coins: Verify contract addresses — especially for USDT variants.
- Phishing Sites: Only use 👉 OKX’s Authentic Links to prevent wallet drainers.
- Too-Good-To-Be-True Offers: Ignore "free airdrop" requests in USDT-related groups.
FAQ Section
Q: Can Bitcoin replace traditional money?
A: While BTC enables peer-to-peer payments, its primary role remains value storage due to volatility and scalability limits.
Q: Why does Ethereum need gas fees?
A: Gas fees compensate miners/validators for executing smart contracts and securing the network.
Q: Is USDT 100% backed by USD?
A: Tether claims full backing, but audits remain controversial. Diversify with other stablecoins for risk mitigation.
Q: How do I know if a coin is listed legitimately?
A: Cross-check OKX’s official listings and community-vetted sources like CoinMarketCap.
Pro Tip: Bookmark this guide and OKX’s 👉 secure portal for quick access to verified coin data. Trade smarter by understanding what each asset truly represents before investing.