How do I calculate my earnings from cryptocurrency trading?

1 answers

• Feb 18, 2022 · 3 years ago
  Calculating your earnings from cryptocurrency trading is an important step to understand how well your investments are performing. To calculate your earnings, you need to consider the purchase price, sale price, and any transaction fees or commissions. Subtract the purchase price from the sale price to determine your gains or losses for each trade. If the result is positive, it means you made a profit. If it's negative, it means you incurred a loss. Once you have the gains or losses for each trade, you can add them up to get your total earnings or losses. Keep in mind that the value of cryptocurrencies can be volatile, so it's important to regularly track and update your calculations. If you're using a platform like BYDFi, they may provide you with tools or reports to help you calculate your earnings more easily. Remember to consult with a financial advisor or tax professional for personalized advice.
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