How to Use a Crypto Calculator for Portfolio Tracking
You bought Bitcoin at three different prices. Some Ethereum. A little Solana. Now you have no idea what your actual cost basis is or whether you are up or down overall. Sound familiar?
What Is a Crypto Calculator?
A crypto calculator converts between currencies, tracks your average buy price, and shows your profit or loss across multiple positions. Some also calculate estimated tax obligations.
Best Free Tools
CoinGecko's converter instantly shows the current value of any crypto amount in any fiat currency. Quick and simple.
CoinMarketCap's portfolio tracker lets you add all your holdings and see your total portfolio value in real time. Free to use. Works in the browser.
Koinly connects to your exchanges automatically and tracks everything including tax calculations. The basic plan is free for a limited number of transactions.
The DIY Method
A simple spreadsheet works. Columns for: coin, buy date, buy price, quantity, current price, profit/loss. Update the current price daily. This is how many successful traders started.
Why Tracking Matters
If you do not track your trades, you do not know your win rate. You do not know your average loss size. You cannot improve what you cannot measure. Start tracking everything from day one.