Cryptocurrency Q&A
What is pips in Binance?
What is pips in Binance?
Claudio
Mon Aug 19 2024
|
7 answers
1401
I don't understand this question. Could you please assist me in answering it?
7 answers
HanRiverVisionary
Wed Aug 21 2024
In the realm of cryptocurrency trading, the concept of pips plays a crucial role in determining profit or loss. A pip, or percentage in point, represents the smallest change in value that a currency pair can make.
Was this helpful?
42
32
DondaejiDelight
Wed Aug 21 2024
For instance, when we consider the BTC/USDT pair, every incremental move in the value of Bitcoin against Tether is measured in pips.
Was this helpful?
156
74
EmilyJohnson
Wed Aug 21 2024
Suppose the BTC/USDT pair transitions from 25,000 to 25,100. This signifies an appreciation of 10 pips, indicating a notable increase in the value of Bitcoin relative to Tether.
Was this helpful?
305
97
CryptoAce
Wed Aug 21 2024
Conversely, if the pair shifts from 25,000 to 25,050, it means a movement of 5 pips, reflecting a smaller but still discernible change in the value of Bitcoin.
Was this helpful?
158
79
SsamziegangStroll
Tue Aug 20 2024
Understanding the pips value is essential for traders as it directly correlates to their potential earnings or losses in a trade.
Was this helpful?
295
47
Load 5 more related questions
