I'm trying to understand the concept of pip value in the context of BTC USD trading. I want to know what the pip value represents and how it's calculated for a
Bitcoin to US Dollar transaction.
5 answers
isabella_bailey_economist
Fri Dec 20 2024
When the BTC/USD price is quoted as 1.2, it is important to understand that the decimal places represent pips.
Valentina
Fri Dec 20 2024
In this context, the number 2 in 1.2 signifies two pips.
Carlo
Fri Dec 20 2024
The pip value for one unit of BTC/USD is equivalent to US$0.11.
HallyuHeroine
Fri Dec 20 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services to its users.
Tommaso
Fri Dec 20 2024
This calculation is derived from the pip size of BTC/USD, which is set at 0.1.