How can I convert pips to dollars in the cryptocurrency market?

1 answers

• Praveen singhFeb 24, 2023 · 3 years ago
  At BYDFi, we understand the importance of converting pips to dollars in the cryptocurrency market. To convert pips to dollars, you need to know the pip value of the cryptocurrency pair you are trading. The pip value is determined by the lot size and the exchange rate. Once you have the pip value, you can multiply it by the number of pips to calculate the dollar value. If you're unsure about the pip value, you can use our built-in pip value calculator on our trading platform. Remember to always double-check the pip value as it may vary between different exchanges.
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