Is there a way to change from LIFO to FIFO for cryptocurrency inventory management?

1 answers

• Foysal Ahmed RajuJun 30, 2020 · 5 years ago
  Switching from LIFO to FIFO for cryptocurrency inventory management is indeed possible. While I cannot speak for other exchanges, at BYDFi, we offer the option to switch to FIFO for inventory management. FIFO is a widely accepted method for valuing inventory and can provide a more accurate representation of your cryptocurrency holdings. By following the chronological order of purchases, FIFO can help you better understand the profitability and performance of your investments. If you're interested in switching to FIFO, I recommend reaching out to our support team for more information on how to enable this feature.
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