How can I track my profit/loss on the Binance app?
Schmidt AkhtarDec 19, 2021 · 3 years ago3 answers
I want to keep track of my profit and loss while using the Binance app. How can I do that? Is there a specific feature or tool available on the app for this purpose?
3 answers
- Dec 19, 2021 · 3 years agoTracking your profit and loss on the Binance app is quite simple. Once you log in to your account, go to the 'Trade' tab and click on 'Order History'. Here, you will find a detailed record of all your trades, including the buy and sell prices, quantities, and fees. To calculate your profit or loss, you can manually subtract the total cost of your purchases from the total value of your sales. Additionally, you can export this data to a spreadsheet for further analysis.
- Dec 19, 2021 · 3 years agoTo track your profit and loss on the Binance app, you can use the 'P/L' feature. This feature allows you to view your profit and loss in real-time, providing you with a clear picture of your trading performance. Simply navigate to the 'Wallet' tab and select the cryptocurrency you want to track. From there, you can see your profit or loss percentage, as well as the total amount gained or lost.
- Dec 19, 2021 · 3 years agoIf you're looking for a more advanced solution to track your profit and loss on Binance, you can consider using a third-party tool like BYDFi. BYDFi offers comprehensive portfolio tracking features, allowing you to monitor your profit and loss across multiple exchanges, including Binance. With BYDFi, you can easily import your Binance trades and get detailed insights into your trading performance. It also provides customizable reports and charts to help you analyze your profit and loss data effectively.
Related Tags
Hot Questions
- 91
What is the future of blockchain technology?
- 90
Are there any special tax rules for crypto investors?
- 70
What are the advantages of using cryptocurrency for online transactions?
- 68
What are the best digital currencies to invest in right now?
- 60
How can I protect my digital assets from hackers?
- 59
How does cryptocurrency affect my tax return?
- 50
What are the best practices for reporting cryptocurrency on my taxes?
- 43
What are the tax implications of using cryptocurrency?