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What are the best tools to track trading profits and losses on Binance?

avatarNemo StreamsDec 18, 2021 · 3 years ago3 answers

Can you recommend some reliable tools that can help me track my trading profits and losses on Binance? I want to have a clear overview of my performance and make better-informed decisions. What are the features that I should look for in these tools? Are there any free options available?

What are the best tools to track trading profits and losses on Binance?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! One of the best tools to track trading profits and losses on Binance is CoinTracking. It offers a comprehensive set of features to help you monitor your performance. With CoinTracking, you can import your trades from Binance and other exchanges, calculate your gains and losses, generate tax reports, and even analyze your trading strategies. It's a paid tool, but it's definitely worth the investment if you're serious about tracking your profits and losses.
  • avatarDec 18, 2021 · 3 years ago
    If you're looking for a free option, you can consider using Binance's built-in trading history and account statement features. Binance provides a detailed transaction history that you can download as a CSV file. You can then import this file into a spreadsheet software like Excel or Google Sheets to calculate your profits and losses. While it may not have all the advanced features of dedicated tracking tools, it can still give you a good overview of your trading performance.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the field, I highly recommend using BYDFi for tracking your trading profits and losses on Binance. BYDFi is a powerful platform that offers advanced analytics and reporting tools specifically designed for cryptocurrency traders. It allows you to connect your Binance account and automatically sync your trades, calculate your profits and losses, and generate detailed reports. With BYDFi, you can easily track your performance and make data-driven decisions. Give it a try and see how it can enhance your trading experience!