How does Webull calculate profit and loss for cryptocurrency trades?

3 answers

• Umair UmairshakeelJan 06, 2021 · 5 years ago
  Webull calculates profit and loss for cryptocurrency trades by taking into account the purchase price, sale price, and any fees associated with the trade. They subtract the purchase price from the sale price to determine the profit or loss. Additionally, they consider any fees incurred during the trade, such as transaction fees or exchange fees, and subtract them from the profit or add them to the loss. This method is similar to how most exchanges calculate profit and loss for cryptocurrency trades.
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• Dave ParkerNov 30, 2024 · 9 months ago
  When it comes to calculating profit and loss for cryptocurrency trades on Webull, it's a fairly straightforward process. They simply subtract the purchase price from the sale price to determine the profit or loss. However, it's important to note that this calculation does not take into account any fees that may be associated with the trade. So, if you want to get a more accurate picture of your overall profit or loss, you'll need to factor in any fees separately.
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• haiqi zhangAug 02, 2021 · 4 years ago
  Webull calculates profit and loss for cryptocurrency trades using a simple formula: sale price - purchase price = profit or loss. This calculation does not include any fees that may be incurred during the trade. It's important to keep in mind that this method is specific to Webull and may differ from other exchanges. If you're using a different exchange, it's always a good idea to check their specific guidelines for calculating profit and loss.
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