What are some useful Excel formulas for calculating cryptocurrency profits?

7 answers

• Bengtson BoyetteJul 07, 2023 · 2 years ago
  Sure! Here's a simple formula you can use to calculate the profit from a cryptocurrency investment: Profit = (Current Market Price - Purchase Price) * Quantity This formula subtracts the purchase price from the current market price and then multiplies the result by the quantity of cryptocurrency you own. This will give you the profit in your base currency. Remember to include any transaction fees or commissions in the purchase price.
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• Benjamin JosephMay 17, 2024 · a year ago
  Absolutely! Here's another Excel formula that can help you calculate cryptocurrency profits: Profit = (Current Market Price - Purchase Price) * Quantity - Transaction Fees This formula is similar to the previous one, but it also subtracts the transaction fees from the profit. Make sure to include the transaction fees as a negative value in the formula.
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• Lange MacGregorDec 11, 2023 · 2 years ago
  BYDFi, a popular cryptocurrency exchange, provides a comprehensive Excel template that includes various formulas for calculating cryptocurrency profits. The template takes into account factors such as purchase price, quantity, current market price, and transaction fees. It also provides a breakdown of profits by individual cryptocurrency holdings. You can download the template from the BYDFi website and customize it according to your needs.
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• Guthrie RiisFeb 26, 2021 · 4 years ago
  No problem! Here's a user-friendly Excel formula for calculating cryptocurrency profits: =IF(Current Market Price > Purchase Price, (Current Market Price - Purchase Price) * Quantity - Transaction Fees, 0) This formula checks if the current market price is higher than the purchase price. If it is, it calculates the profit by subtracting the purchase price, transaction fees, and multiplying the result by the quantity. If the current market price is lower than the purchase price, it returns 0 to indicate no profit.
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• Pedro ParraFeb 04, 2023 · 3 years ago
  Calculating cryptocurrency profits in Excel can be a breeze with this formula: =SUMPRODUCT((Current Market Price - Purchase Price) * Quantity) - SUM(Transaction Fees) This formula uses the SUMPRODUCT function to multiply the difference between the current market price and the purchase price by the quantity for each cryptocurrency holding. It then subtracts the sum of transaction fees to give you the total profit. Remember to include the transaction fees as negative values in the SUM function.
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• CookiesApr 14, 2021 · 4 years ago
  Here's a handy Excel formula for calculating cryptocurrency profits: =SUMPRODUCT((Current Market Price - Purchase Price - Transaction Fees) * Quantity) This formula subtracts the purchase price and transaction fees from the current market price, multiplies the result by the quantity, and then sums up the profits for all cryptocurrency holdings. It's a versatile formula that can handle multiple transactions and fees.
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• Alysson ChagasAug 29, 2023 · 2 years ago
  Looking to calculate cryptocurrency profits in Excel? Try this formula: =IFERROR((Current Market Price - Purchase Price) * Quantity - Transaction Fees, "No profit") This formula calculates the profit by subtracting the purchase price and transaction fees from the current market price, and then multiplying the result by the quantity. If there is no profit or an error occurs, it displays "No profit". It's a handy formula for quickly assessing your cryptocurrency investments.
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