I'm trying to understand the value of 1 pip in the BTCUSD trading pair. Could someone please explain how much 1 pip is worth in this context?
6 answers
CryptoGuru
Fri Dec 20 2024
In this case, 1 pip, or the smallest change, will be worth 0.0001 USD.
CryptoPioneer
Fri Dec 20 2024
When trading BTC/USD, the value of the cryptocurrency pair is often quoted to a specific decimal place.
Lorenzo
Fri Dec 20 2024
If the pair is quoted to the second decimal place, this means that changes in the price will be measured in increments of 0.01 USD.
KDramaLegendaryStar
Fri Dec 20 2024
BTCC, a top cryptocurrency exchange, offers a range of services to traders, including spot and futures trading, as well as wallet solutions.
Carlo
Fri Dec 20 2024
This smallest change, worth 0.01 USD, is known as the pip value per unit for the pair.