What is the best way to calculate gains for different types of cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the best ways to calculate gains for different types of cryptocurrencies is by using a portfolio tracker. These tools allow you to input your transactions and holdings, and they automatically calculate your gains based on the current market prices. Some popular portfolio trackers include CoinTracking, Blockfolio, and Delta. They provide detailed reports and charts to help you analyze your investment performance. Make sure to regularly update your portfolio tracker with your transactions to get accurate results.
  523262
• Dec 18, 2021 · 3 years ago
  Calculating gains for different types of cryptocurrencies can be a bit tricky, but it's not rocket science. One simple method is to manually track your transactions and calculate the gains using the formula: (Sell Price - Buy Price) / Buy Price * 100. This will give you the percentage gain for each transaction. You can then sum up the gains for all your transactions to get the total gains. However, keep in mind that this method doesn't take into account factors like fees and taxes, so it may not be completely accurate. If you want a more precise calculation, you can use specialized tools or consult with a financial advisor.
  631211
• Dec 18, 2021 · 3 years ago
  At BYDFi, we recommend using our advanced cryptocurrency gains calculator to accurately calculate your gains for different types of cryptocurrencies. Our calculator takes into account factors like fees, taxes, and transaction costs to provide you with a comprehensive view of your investment performance. Simply input your transactions and holdings, and our calculator will do the rest. You can also customize the calculation settings to match your specific needs. With BYDFi's gains calculator, you can track your investments with confidence and make informed decisions.
  571143