I'm trying to understand how to calculate crypto pips. I know it's related to the change in value of a cryptocurrency, but I'm not sure exactly how to do the calculation. Can someone explain it to me?
7 answers
MysticChaser
Fri Dec 20 2024
For the BTC/USD pair, one pip change is equivalent to 0.01.
HanRiverVisionaryWave
Fri Dec 20 2024
To count the number of pips, you must observe the second number after the decimal point.
SamsungShineBrightnessRadianceGlitter
Fri Dec 20 2024
Determining the pip change for BTC/USD involves understanding the concept of pip.
SolitudeSerenade
Fri Dec 20 2024
This number indicates the change in value from one point to another.
SejongWisdomKeeperEliteMind
Fri Dec 20 2024
Let's illustrate with an example: if the BTC/USD rate starts at 1.00 and moves to 1.01.