You probably heard about cryptocurrency calculators, but different types of calculators solve different tasks: quick profit calculations, converting coins, estimating your earnings from mining hardware, etc. Let’s see how each of them works and how you can use them.
Crypto trading profit calculators
The most straightforward way to calculate your profit is as follows:
Subtract the buying price from the selling price and multiply the result by transaction size.
E.g., you buy 2 Bitcoins (BTC) at $17.200 and sell them at a price of $19.800. 2 Bitcoins (BTC) is the size of your transaction.
($19.800-$17.200)*2=$5.200
This means you have $5.200 of profit. But this doesn’t account for fees or other details.
A profit calculator can save time if you often conduct a number of these calculations and reduces the chance of error. We’ll review just a couple of calculators just to show you what they do.
Sabe calculator
Sabe.io is an educational platform that offers a lot of tutorials, classes, and several tools. Among the provided tools you can find a simple profit calculator.
To calculate your profits, you just need to pick a currency, enter the amount and the price that you bought it for. The calculator will then use the current price from CoinMarketCap and calculate how much you gained or lost, depending on how the price has changed since your purchase.
https://arztoday.com/calculator/
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