![]() You can calculate your income based on the fair market value of any cryptocurrency you earned at the time of receipt. In the United States, cryptocurrency is subject to income and capital gains tax. Meanwhile, your cost basis is the fair market value of your crypto at the time of receipt, plus the cost of any fees related to acquisition. In this case, your proceeds are the fair market value of your cryptocurrency at the time of disposal, minus the cost of any fees related to the disposal. The platform uses ‘Read Only’ API keys - meaning the platform can’t make any trades or move any assets on your account! Just connect your wallets and exchanges to CoinLedger and the platform will automatically track your gains and losses for all of your crypto-assets!ĬoinLedger takes steps to keep your data safe. Looking for an easy way to track your gains and losses from your entire crypto portfolio? CoinLedger makes it easier than ever to track your cryptocurrency across all your wallets and exchanges! Once you’ve inputted the relevant information, the What If Calculator will show your Return on Investment and what the current value of your investment would be if you held your cryptocurrency continuously! How do I track my gains and losses automatically? Enter your starting investment amount (ex. The Crypto What If Calculator is designed to show you what your Return on Investment would be today if you invested in Bitcoin or another cryptocurrency in the past!ġ. Once you’ve finished the steps above, you’ll be able to see your total gain/loss! How do I use the Crypto What If Calculator? If you don’t have this information, you can leave these fields blank.ĥ. Any fees you paid to dispose of your crypto should be inputted in the field labeled ‘Exit Fee’. Any relevant fees you paid to acquire your cryptocurrency should be entered in the field labeled ‘Investment Fee’. For example, if the price of Bitcoin was $50,000 when you bought it and $52,000 when you sold it, you should enter $50,000 as your Buy Price and $52,000 as your Sell Price.Ĥ. In ‘Buy Price’ and ‘Sell Price’, enter the fair market value of your cryptocurrency at the time you acquired it and the price you disposed of it. ![]() For example, if you’ve invested $300 in BTC, enter $300.ģ. ![]() In the ‘Investment’ field, enter the amount of cryptocurrency that you’ve invested. Choose the relevant cryptocurrency (ETH, BTC, etc.) This field is optional - you can simply enter the Buy and Sell Price.Ģ. The crypto profit calculator allows you to estimate your gains/losses from cryptocurrency! Whether you’re dreaming of a huge Bitcoin gain or trying to calculate the profits from past investments, our free Crypto Profit Calculator has you covered.ġ. ![]()
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