How to Track Your PNL on Crypto Calculator
As you likely know, the volatility of the crypto market exchange rates makes it difficult to keep track of your profits and losses effectively. In order to make wise investment decisions and maximize your profit, you need to base your decisions on up-to-date data and account for all possible scenarios. There is a great variety of tools that will not only let you track your digital assets but also calculate profit and loss with just a couple of clicks. CoinStats has also been working to bring you user-friendly and simple apps that will empower you to successfully grow your crypto.
We have created this cryptocurrency calculator for estimation purposes, so you can forget about spreadsheets and manual calculations. Without further ado, let's discuss the purpose and features of our crypto calculator.
Crypto Profit Calculator
The CoinStats Crypto Profit Calculator will significantly facilitate and accelerate your crypto calculations. All you need to do is input the name of the coin, the buy price, the sell price, the investment amount, the investment fee, and the exit fee. The calculator will show your profit or loss, the total investment amount, and the total exit amount. The result of the calculation will allow you to make the right conclusions about your investments and move forward with confidence. At times, you may even use it to daydream about the amount of money you would have by now if you had invested in BTC or ETH years ago: For example, if you had invested 10 dollars in Bitcoin back in 2012 when it cost $13.45, you'd have $28,628 of profit today. Pretty impressive!
CoinStats Crypto Profit Calculator Features
This is why you may come to need the CoinStats Crypto Profit Calculator:
- To get rid of manual calculations and spreadsheets.
- To facilitate the data-driven decision-making process pertaining to your crypto.
- To daydream about your future riches or look back with a tint of regret on all the missed investment opportunities.
- To plan out your future crypto growth.
Crypto Calculator FAQs
We're open to all questions about crypto transactions, Bitcoin, Ethereum, rates, and returns. In this section, we tackle the most common questions people have about our calculator. Even if you're a total newbie and don't know what crypto is, you'll likely extract some value from this FAQ.
What Is Cryptocurrency
You can't calculate your profit if you haven't invested in crypto yet, duh! But what is cryptocurrency? In the simplest terms, it is a secure form of digital money that removed all intermediaries (such as banks) from the financial field. Since all crypto transactions are recorded on the blockchain, a secure and transparent ledger, one can be sure of their safety and legitimacy.
There is a wide variety of cryptocurrencies, the most popular of them being Bitcoin, Ethereum, and Tether. Since the cryptocurrency market is relatively new and there aren't many places that accept crypto payments, a significant portion of users prefer to invest in crypto for gains.
How Much Bitcoin or Ethereum Can I Buy With a Dollar
Some beginners think that in order to start investing in crypto, you need to have enough money to buy one whole unit of a coin. That isn't so: Even if you have only a single United States dollar to invest, you can purchase Bitcoin, Ethereum, or any other cryptocurrency.
For example, at the time of writing this, you can purchase ?0.000000278975 or 0.00035365 ETH for a dollar. You can perform similar calculations via our calculators.
Can I Track My Investment Automatically
Absolutely! In fact, CoinStats started as a crypto asset tracker and supports all popular wallets and exchanges. All you need to do to start tracking your crypto automatically is connect your accounts to CoinStats. It only takes a couple of minutes and is absolutely free to get started.
Right after you connect your portfolio, you can get an overview of your portfolio, see your winner/loser coins, check prices or your profit/loss, set up alerts, as well as research new coins to invest in. Tracking your whole crypto portfolio from one place has never been easier.
How CoinStats Crypto Calculator Works
Using the CoinStats Crypto Calculator is extremely straightforward. The interface is intuitive. Here's what you need to do to perform a calculation:
1. Fill out the Coin field with the cryptocurrency you want to calculate.
2. In the Investment field, add the amount of your investment.
3. Add the Investment Fee you've paid or expect to pay.
4. Fill out the Exit Fee field you expect to pay.
5. Add the Buy price and the Sell price.
That's it! You can now see the Profit/Loss, the Total Investment Amount, and the Total Exit Amount on the right side of the screen.
What Else Can I Do with CoinStats
The crypto world is extremely diverse, so you may have accounts in many exchanges and wallets. CoinStats is a great way to get a holistic view of your cryptocurrency portfolio. Moreover, you can not just track your portfolio but also buy cryptocurrency (ETH, BTC, etc.) with your debit card, swap any coin, check exchange rates and coin prices, set up personalized alerts, and ultimately use the value CoinStats provides to grow your crypto with more success. CoinStats is your one-stop-shop for everything crypto and DeFi. Calculators, no matter how useful, are just a minor part of the advanced CoinStats toolset.
Text source: CoinStats Blog
