The term “Pip” is used for Forex instruments quoted to the fifth place after the decimal point (e.g. AUDJPY – 1.08052). One pip equals a price increment of exactly 0.00010.
- For instruments quoted to the third place after the decimal point (e.g. AUDUSD – 115.521), one pip equals a price increment of precisely 0.010.
- In the case of spot metals, one pip equals a price increment of exactly 0.01.
- For cryptocurrencies and indices, one pip equals to a price increment of precisely 1.0.
- In the case of other instruments, one pip equals a Tick Size.
XBT/USD allows you to trade the Bitcoin / USD exchange rate with up to 2x leverage.
The XBT/USD is the official emblem to combine Bitcoin and the US dollar. It is known as a cryptocurrency CFD since it is also linked to the base currency (Bitcoin). NSBroker provides several trading advantages for those who utilize the service in combination with the XBT/USD.
For one, NSBroker helps traders not have to create a wallet to participate. Secondly, users may trade cryptos with fiat currencies too. This differs from the exchange method where individuals are only able to trade crypto to crypto.
Lastly, traders enjoy the benefit of not having to buy the digital currency. This means that you can make a profit even despite the rise and fall of the market. When using XBT/USD, Bitcoin is a notable currency. The US dollar is recognized as the quote currency.
With NSBroker, traders can conduct their trading in a low-risk environment that includes minimal requirements, competing for spreads, and no additional costs. Get started by signing up for the risk-free demo trading account with NSbroker today!