Tracking profits and losses on crypto trades just got easier
All-in-one crypto trading solution TradeSanta has just unveiled its new crypto profit calculator to help users calculate fees, profits and losses before they open a trade.
In a fast-moving market, keeping on top of your financial position isn’t easy. Just recently, Bitcoin (BTC) posted a fat green candle after Grayscale won a lawsuit against United States regulators.
Bitcoin’s valuation spiked following the Grayscale lawsuit. Source: Cointelegraph
A court ruled that the U.S. Securities and Exchange Commission was wrong to reject the digital asset manager’s application for an exchange-traded fund — with BTC/USD accelerating by $1,700 in just 30 minutes.
Of course, volatility is a two-way street. Bitcoin has also suffered sharp falls, especially during thin weekend trading. When the markets are erratic, traders often need to react fast to protect their capital. This isn’t always easy, as it isn’t just the spot price that needs to be taken into account. The original purchasing price needs to be factored in as well as any fees that may be incurred by selling up.
Now, a new tool has been launched that allows profits to be determined in a couple of clicks — across a multitude of cryptocurrencies.
TradeSanta’s Crypto Profit Calculator works across ten digital assets — Bitcoin, Ether (ETH), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), Shiba Inu (SHIB) and Avalanche (AVAX) — and delivers a simple form for crunching the numbers.
Users can type in the value of the investment they’d like to make, along with the initial price. Next, the eventual selling price can be inputted along with any investment fees and exit fees. Once the form is completed, the tool will break down profit in both dollar and
Read more on cointelegraph.com
