How to Calculate Crypto Taxes?Ĭalculating crypto taxes can be tricky, especially when you're new to the world of cryptocurrencies. By subtracting the buy amount from the selling price, you will know for certain if you made a profit. How much profit did we make?Īccording to this calculation method, we made a 50% profit ($5,000). ![]() The second way is by looking at how much money you have made or lost in fiat currency.įor instance, let's assume that we bought 1 BTC for $10,000 in January 2018 and sold it for $15,000 in December 2018. The first is by looking at the value of your holdings and comparing it with the price at which you bought them. There are two ways in which you can calculate profit or loss on cryptocurrencies. Step 8: Finally, your profit or loss for your investment will be displayed in the screen. Step 7: In the ‘Exit Fee’ field, enter the fee (in percentage) that your exchange changes for selling/trading the crypto. Step 6: In the ‘Investment Fee’ field, enter the fee (in percentage) that your exchange changes for buying/trading the crypto. Step 5: In the Selling Crypto Price’ field, enter the price of the cryptocurrency when you sold the crypto. Step 4: In the ‘Initial Crypto Price’ field, enter the price of the cryptocurrency when you purchased the crypto. (Alternatively, you can click the ‘By Unit’ toggle switch to enter the Unit of cryptocurrency instead of fiat amount. Step 3: In the ‘Investment’ field enter the amount (fiat) that you invested. Just type the name of crypto in the search field. Click or tap the cryptocurrency drop-down button to search for the currency that you want. Step 2: Choose the cryptocurrency that you bought. Just type the currency name in the search field. Click or tap the currency drop-down button to search for the currency that you want. Step 1: Choose the fiat currency that you used to trade, exchange or buy cryptocurrency. Or, the ultimate crypto calculator with thousands of cryptocurrencies to choose from!įollow the following steps to calculate crypto profit/loss: You can use Crypto Profit Calculator to calculate the potential profit/loss from your cryptocurrency investments like Bitcoin, Ethereum, Dogecoin, Shiba Inu, Solana, Cardano, and more. Here is a list of our partners.How to Use Crypto Profit Calculator Tool? Our partners cannot pay us to guarantee favorable reviews of their products or services. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. So how do we make money? Our partners compensate us. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward - and free. ![]() We believe everyone should be able to make financial decisions with confidence. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. They are not intended to provide investment advice. ![]() Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. ![]() is an independent publisher and comparison service, not an investment advisor.
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