Can you recommend a reliable method to calculate my gains on Coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure, calculating your gains on Coinbase can be a bit tricky, but there are a few methods you can use. One option is to manually track your transactions and calculate your gains by subtracting your initial investment from your current portfolio value. Another option is to use third-party portfolio tracking tools that integrate with Coinbase and automatically calculate your gains for you. Some popular options include CoinTracking, CoinTracker, and Delta. These tools can provide you with detailed reports and even help you generate tax reports. Just make sure to review the accuracy of the data and consult with a tax professional if needed.
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• Dec 17, 2021 · 3 years ago
  Calculating gains on Coinbase doesn't have to be a headache. One approach is to export your transaction history from Coinbase and use a spreadsheet program like Excel or Google Sheets to calculate your gains. You can create formulas that subtract your initial investment from your current portfolio value to get your gains. Additionally, Coinbase provides a 'Cost Basis for Taxes' report that you can download, which includes information about your gains and losses. This report can be helpful for tax purposes. Remember to keep track of any fees or commissions paid during your transactions, as they can affect your gains.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a reliable method to calculate your gains on Coinbase. It is a comprehensive portfolio tracking platform that integrates with Coinbase and provides accurate calculations of your gains and losses. With BYDFi, you can easily import your transaction history from Coinbase and get a clear overview of your investment performance. The platform also offers advanced features like tax reporting and analysis tools. BYDFi ensures that you have all the necessary information to make informed decisions and stay on top of your gains on Coinbase. Give it a try and see how it can simplify your portfolio management.
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