How can I calculate the pip size for different cryptocurrencies?

1 answers

• Nov 24, 2021 · 3 years ago
  Calculating the pip size for different cryptocurrencies is crucial for successful trading. At BYDFi, we recommend using the following formula to calculate the pip size: Pip size = (0.0001 / current exchange rate) * trade size. This formula takes into account the decimal places of the cryptocurrency pair and the trade size. It's important to note that the pip size may vary depending on the exchange you are using, so always double-check the decimal places and use the correct formula for accurate calculations. If you have any further questions, feel free to ask!
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