Cryptocurrency investment has become one of the most profitable ways of making money virtually. The market, which debuted in 2009, has since skyrocketed. Though the market has been extremely volatile throughout its history, it has been worth the risk for early investors.
Many people who invest in cryptocurrency do not often have a means of calculating how much they’ve made from trading so far. If you’re just starting your journey as a crypto trader, then you should use a cryptocurrency profit calculator to track your profits and forecast future profits.
Top 15 Crypto Profit Calculators You Should Use:
- 1. Influencer Marketing Hub
- 2. DQYDJ
- 3. Marketmegood.com
- 4. Criptomo
- 5. Mortagecalculator
- 6. Easy Bitcoin calculator
- 7. Coin Profit and Loss Calculator
- 8. CryptoProfitCalculator
- 9. Cryptoground
- 10. CoinStats
- 11. RebateKingFX
- 12. Sk development
- 13. CoinJournal
- 14. Dexfolio
- 15. Crypto.com
- Frequently Asked Questions
How to Use a Crypto Profit Calculator
There are many profit calculators available on the internet that can assist you in calculating your profits or predicting how much money you can make in a trade. To use the calculator, simply enter the amount you intend to invest or have already invested as well as the purchase price.
After you enter how much you hope to sell the coin for or how much you sold the coin for, the profit will be displayed.
You can use these calculators to monitor the current value of different cryptocurrencies, which is useful for forecasting future profits since you’ll need to use the current coin price as your purchasing price.
Crypto Profit Calculator
Value per unit:
Today’s Value of your $ investment:
Start Date: 04.04.2022.
End Date: 09.12.2023
Today’s Value of your $ investment:
What your $0 investment would look like today if you invested into any of these top stocks on 10.12.2010
Top 15 Crypto Profit Calculators
The fastest way to know the market value of any cryptocurrency is by a simple google search, which can provide a real-time price of the coin in the currency of your residing country.
Although Google can give an insight into the market price, there are many limitations. For example, the Google calculator does not provide the return on investment, profit, or mining profitability of any cryptocurrency. It also doesn’t give a forecast of the future value of the coin. These metrics are important to investors and beginners who want to better understand the various aspects of trading crypto.
Below are some crypto calculators that you can use that provide these metrics.
This profit calculator works when you input the purchase date of your cryptocurrency and the invested amount. Select the type of cryptocurrency from the list provided and click calculate. The result will be the current value of your investment and returns. This calculator is also designed to show your investment value over time in a graph.
DQYDJ is a profit calculator with a default date of 17th July 2010 and the present date as yesterday's date. This means that this calculator cannot forecast the future earnings of any cryptocurrency.
To determine the value of your investment between two dates, impute the invested amount, state the starting and end date, then tick the CPI button. The result will be displayed beside the total return, annualized return, and the ending value.
This calculator only supports three currencies: USD, EUR, and GBP. The default start date is 1st January 2011. To use this calculator, select your preferred currency, impute the invested amount, select the month, day and year and click submit. The result returned will be the ROI and profits.
You can use this crypto profit calculator to determine how much you could have made by investing in your cryptocurrencies over time. To use this bitcoin calculator, input the first investment amount you want to calculate in USD or EUR, then select your cryptocurrency of interest and purchase date. Click on calculate to see the coin price and investment fee.
Other cryptocurrencies not listed in the dropdown can still be used as long as you type in the right ticket number. For example, instead of Ethereum, type ETH.
This is an easy-to-use crypto profit calculator. Fill in the “Investment Amount” field with the amount you invested and enter the price of the coin at the point of investment in the “initial coin price” field.
In the “Selling Coin Price” field, enter how much the coin cost when you sold it, then enter the investment fee percentage in the “Investment Fee” field.
The result will display your investment amount, the crypto coin amount equivalent to the amount you invested, profit/loss, the investment fee, and the total amount. A green profit/loss number indicates a profit while a red number indicates a loss.
This calculator can only calculate bitcoin, but it is a fast way of checking your profits. It works when you enter the amount of bitcoin you purchase, and its buying and selling price. You can also include any transaction fees paid. It’s available on the Android app and has a friendly user interface.
This calculator displays eight cryptocurrencies and has a provision for you to select coins that aren’t listed. To use it, fill in the investment amount, initial coin price, selling price, investment fee (if any), and the exit fee. Choose the cryptocurrency you purchased and it will display the profit or loss of your investment.
The crypto profit calculator is a simple tool with thousands of coins and tokens you can select from. To use the calculator, choose the fiat currency and cryptocurrency that you purchased.
Enter the fiat amount that you invested in the “investment” field and input the cost of the cryptocurrency at the time you purchased it in the “Initial Crypto price” field. Input the selling price, investment fee and exit fee to see the profit or loss of your investment.
To use this Bitcoin profit calculator, input the amount you are willing to invest and the date you would like to make the investment on. The calculator will then calculate and display your profit or loss. It expresses the profit in dollars.
The CoinStats crypto profit calculator helps you plan your investments and predict your profits from Bitcoin or other cryptocurrencies.
CoinStats automatically tracks your profits by linking its service to your wallets and exchanges, thereby giving you up to the minute calculations and alerts on upward and downward trends in your portfolio. The service is secure and trusted by a monthly user base of more than a million users.
This forex and cryptocurrency profit calculator assists you in determining how much you can earn from your trading positions. It can calculate the profit or loss for a forex or cryptocurrency trading position by using market data and trade direction.
12. Sk development
This calculator lets you calculate your profits from buying or selling various cryptocurrencies such as Bitcoin, Ethereum, Tether, Binance Coin, XRP, and many others.
The app also assists you in improving your trading and investment analysis. To use the profit calculator simply enter the amount you want to invest and your buying and selling prices.
To calculate how much you could have made on stocks or cryptocurrency, enter an amount in the “If I had invested” field or simply move the blue bar then choose a coin in the “In” field, and finally select a date of your choice in the “On” field.
After filling all the fields, click the red “Calculate ROI” button to see how much your investment is worth today.
Dexfolio is a mobile app created specifically to make cryptocurrency tracking easier. Unlike other trackers, Dexfolio does not require users to set any alerts.
The Defolio profit calculator also has a good number of cryptocurrencies to select from and by filling the required fields, you can quickly calculate your potential profits.
This profit calculator is useful for calculating how much money you are likely to make when trading by inputting the required values. It’s designed to simulate a trading position that’s open and closed at a certain value, as well as the monetary outcome and the number of pips gained or lost.
Cryptocurrencies are digital assets that operate on a network that’s spread across multiple computers in various locations. It is intended to be decentralized, meaning it isn’t controlled by any authorizing body.
New cryptocurrency units are created through mining, after which they’re created and stored privately in pure digital form. Owning cryptocurrency means owning something intangible—what you have instead is the key to an encrypted digital record as well as the right to transfer that ownership to anyone else of your choosing.
Advantages of Cryptocurrency
It’s easy to transfer funds from one person to another through their wallet address. Cryptocurrency does not require authorization from a third party such as a bank. You can also use crypto to buy NFTs or use it instead of fiat currency in certain establishments.
Other advantages include:
✔️ Cryptocurrency transfers between two parties are faster than traditional money transfers because the process is not slowed down by an authenticating body.
✔️ Investing in cryptocurrencies can be very profitable. Over the past ten years, the value of cryptocurrency markets has skyrocketed, reaching nearly $2 trillion at one point. You can grow your digital assets and increase your profit as long as you manage them properly.
✔️ Fiat currency can be converted to cryptocurrencies like Bitcoin, which can then be transferred across different countries. This method simplifies and reduces the cost of money transfers.
Though cryptocurrencies can be exciting to invest in, note that its decentralized nature does provide its own disadvantages.
❌ Cryptocurrencies have grown in popularity among criminals for purposes such as money laundering and illegal purchases.
❌ Despite the claim that cryptocurrencies are an anonymous form of transaction, they still leave a digital trail that can be traced.
❌ Though it is possible to mine cryptocurrencies by computer guru with an Internet connection, mining some popular coins consume a significant amount of energy, sometimes as much as an entire town would consume. This makes mining unsustainable.
❌ Cryptocurrency blockchains are difficult to hack, but exchanges and wallets have still been compromised.
❌ The cryptocurrency market is highly volatile.
What is the Blockchain?
The blockchain is a central system of recording data that ensures its security. Its transactions are replicated and distributed across a network of computers. Every block in the chain contains a series of transactions that is updated to the blockchain whenever there is a new transaction.
The blockchain is a type of Distributed Ledger Technology (a database handled by various participants) that records transactions in a signature that cannot be changed.
Popular Cryptocurrencies You Can Invest In
There are different types of cryptocurrencies you can buy, some with more value than the others. You can also follow popular crypto influencers online for their own crypto recommendations and updates on them.
1. Bitcoin (BTC)
Bitcoin was created and introduced to the public in 2009 by an anonymous developer named Satoshi Nakamoto, and is currently the world’s most known cryptocurrency.
It’s designed for users to make exchanges easily through a peer-to-peer network, where each user has equal power and are connected without an intermediary. This gives room for seamless storage and exchange of Bitcoin payments between two parties.
It’s also held on an open-source network, allowing access to the public and participation from anyone without restrictions.
2. Ethereum (ETH)
Ethereum is a decentralized open source software platform that also uses blockchain technology. It was created by Vitalik Buterin and houses its coin called Ether and a programming language called solidity.
Ethereum is second only to Bitcoin in market capitalization and it enables developers to build decentralized applications with its system. Ether tokens are mined by its users, which can be used for crowdfunding, buying NFTs, and others.
It is decentralized, highly secure due to its decentralized blockchain-based network, and does not require permission for participation, unlike other blockchains.
3. Tether (USDT)
As of May 2022, Tether stood as the third-biggest cryptocurrency globally. It is regarded as a stable coin as it is tied to real-world assets such as the US dollar. It’s owned by a Hong Kong company, iFinex, who owns the crypto exchange BitFinex.
It was designed to be directly tied with the US Dollar, and is preferred by investors who want to avoid the volatility present in the cryptocurrency market.
It was launched in 2014 and has since moved from being based on the Bitcoin blockchain to support other blockchains such as Ethereum, TRON, and others. It has a market capitalization of nearly $83 billion and has accounted for about 66% of exchanges out of Bitcoin by value.
4. Binance Coin (BNB)
This utility coin has its value originating from its usefulness within the Binance ecosystem. Founded by Changpeng Zhao, Binance is a cryptocurrency exchange platform that has increasingly gained popularity, making its own cryptocurrency popular in turn.
Binance coin has shown to be stable and has grown in value significantly over time. It can be used for various purposes as a utility coin, further increasing demand for the token and consequently increasing its price.
5. Dogecoin (DOGE)
Also called the first “meme coin”, Dogecoin gained popularity in 2021 when its price skyrocketed despite it initially being created as a joke by Billy Markus and Jackson Palmer, two software engineers making fun of crypto at the time.
The price of Dogecoin increased to about 0.74 cents during a visit of Elon Musk to the show Saturday Night Live, and it has since been accepted as payment by a number of companies. Based on the Scrypt algorithm, its transaction process is even faster than that of Bitcoin’s, boasting a 1 minute confirmation period versus the 10 minutes Bitcoin needs.
Crypto Exchange Platforms
As the name implies, crypto exchange platforms facilitate buying and selling various cryptocurrencies. Here are some of the most trusted crypto exchange platforms.
Coinbase is one of the most popular crypto exchange platforms where you can invest directly using fiat currencies like USD. The platform lets you buy more than 30 coins and tokens, including the most popular ones like Bitcoin and Ethereum. By engaging in different activities, you can even win yourself interest in USDT.
|✔️ User-friendly interface||❌ High trading fees|
|✔️ Wide range of coins and tokens||❌ Slow to list new cryptocurrencies|
One of the first public trading platforms, Voyager supports a large number of cryptocurrencies and offers competitive interest rates. It even rewards you with $25 in BTC after you trade up to $100 worth of cryptocurrency after opening an account.
|✔️ User-friendly||❌ Withdrawing takes time|
|✔️ Competitive interest rates||❌ Users don’t hold their wallet’s private keys|
|✔️ Commission-free structure when trading|
|✔️ Start trading with as little as $10|
Uphold is a simple platform that allows you to trade multiple assets. While many coins and tokens only trade in specific pairs, on Uphold you can trade multiple assets at once. It’s also one of the few platforms that allow trading of DOGE and XRP.
|✔️ No deposit, withdrawal, or trading fees||❌ No advanced trading features for professional traders|
|✔️ Wide trading selection||❌ Not very user-friendly|
|✔️ Allows debit card usage|
Kraken is one of the first cryptocurrency trading platforms. It offers a wide range of coins and tokens to invest in, including DOGE and other new cryptocurrencies.
|✔️ One of the oldest crypto exchange platforms||❌ Has high withdrawal fees|
|✔️ Wide range of coins and tokens||❌ Not as user-friendly|
eToro has been in operation in the United Kingdom and throughout Europe for some time but is now opening up to traders from the United States.
It also has a practice demo trading account where you can practice trading before you use real money. eToro is also currently offering a $10 bonus when you deposit and trade $100 in crypto assets.
|✔️ Easy account setup||❌ Limited selection of coins and tokens|
|✔️ Other trader portfolios can be copied||❌ Available in only specific areas|
With over 230 coins and 790 pairs, this is one of the most popular centralized exchanges among traders and new investors alike. It’s also highly recommended for altcoin traders.
|✔️ Robust trading platform||❌ Not user-friendly|
|✔️ Decent mobile app version||❌ Limited customer service|
Cryptocurrency Portfolio Trackers
Portfolio trackers help you keep track of the amount and worth of your cryptocurrencies in different wallets, platforms, and exchanges in real-time. Check out some of these trackers so that you can stay updated with your investments.
You can easily buy and sell crypto from your desktop or mobile phone with Coinsmart. It accepts a wide range of coins and has its own wallet that allows you to deposit, save, and track crypto trades and portfolios. It lets you monitor your account activity, view your wallet balance and trading history.
Though Crypto.com isn’t intended to be a portfolio tracker but rather a crypto exchange, it lets you track what you’ve invested through your mobile app or the website. You can track the performance of top cryptocurrencies, new ones recently added, and those on your watch list.
This crypto tracker has an automated trading system and is compatible with all major internet browsers. It is one of Binance’s largest brokers and has recently upgraded its wallet web service.
Keep Track of Your Cryptocurrency Investments
It’s important as an investor to know how to properly calculate your profits and losses when trading with cryptocurrencies. Crypto calculators will help you become a better trader, manage your portfolio more easily and also alert you on when to best exit a trade.
Frequently Asked Questions
Are taxes paid for cryptocurrencies?
Yes, you still have to pay tax on your invested cryptocurrency. If you’ve held crypto for less than one year, you’re subjected to short-term capital gains taxes which are based on your ordinary income tax (10% to 37%).
If you’ve held crypto for over a year, you’re instead subject to long-term capital gains taxes, which are much less than your ordinary income tax. It ranges from 0% to 28%, depending on your total annual income.
Is buying Bitcoin a good investment option?
Like all investments, owning Bitcoin comes with several opportunities while also carrying high risks. As the largest cryptocurrency by market cap, Bitcoin is a good indicator of the general crypto market since it tends to lead trends.
How do you open a crypto exchange account?
If you are new to cryptocurrency, the easiest way to obtain your first coins will be through the use of a cryptocurrency exchange account. There are several exchanges you can use to buy your first cryptocurrency tokens.
To open an account, you will first need to provide some of your personal details such as name, contact number, and email address. You’ll also need to add your preferred payment method to make deposits and withdrawals. Some exchanges may ask you to pay an initial deposit with a minimum amount.
Can I generate my own Cryptocurrency?
One of the ways to earn cryptocurrencies is through mining. To successfully mine, you’ll need to download certain software programs containing a partial or complete record of previous transactions made on its network.
However, cryptocurrency mining is time-consuming and requires huge resources that can wear down most machines. You can, however, mine your own and market it to attract investors.