How does Koinly calculate the value of cryptocurrencies?

3 answers

• Feb 18, 2022 · 3 years ago
  Koinly calculates the value of cryptocurrencies by using real-time market data from various exchanges. It takes into account the current market price of each cryptocurrency and multiplies it by the quantity held in your portfolio. This gives you the total value of your cryptocurrencies at any given time.
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• Feb 18, 2022 · 3 years ago
  To calculate the value of cryptocurrencies, Koinly uses a combination of APIs and algorithms to fetch and analyze data from different exchanges. It considers factors such as trading volume, liquidity, and order book depth to determine the most accurate market price for each cryptocurrency.
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• Feb 18, 2022 · 3 years ago
  Koinly relies on third-party data providers to calculate the value of cryptocurrencies. These providers aggregate data from multiple exchanges and use sophisticated algorithms to ensure accurate and up-to-date pricing information. By leveraging these data sources, Koinly is able to provide users with reliable and precise valuations for their cryptocurrency holdings.
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