Oil-based paint is a type of paint that uses oil as a binder, which helps the pigment adhere to surfaces. It is known for its durability and smooth finish, making it a popular choice for both interior and exterior applications. This type of paint typically takes longer to dry compared to water-based paints, allowing for better blending and leveling. One of the key characteristics of oil-based paint is its resistance to wear and tear, making it ideal for high-traffic areas. However, it requires solvents like mineral spirits for cleanup and can emit strong odors during application, so proper ventilation is important.