Crypto calculators can be used to simulate potential gains and losses in investing in the crypto world.
Now, VC News have summarized 5 crypto calculators that you should use because of their convenience.
Cryptocurrency investing has become one of the most profitable ways to make money virtually.
This activity has been started since 2009 and until now has skyrocketed.
For Indonesia, the number of crypto investors has reached 15.1 million people as of July 2022.
Many people who invest in cryptocurrencies often have no way of calculating how much they have made trading so far.
Well, there are several crypto calculators that can be used to optimize it.
There are many crypto calculators available on the internet that can help you calculate profits or predict how much money you can make trading.
To use the crypto calculator, simply enter the amount of the asset you wish to invest or have invested and the purchase price.
However, it should be noted that the potential profit in crypto investment is also in line with the high risk of loss.
So, we must do in-depth analysis and research before deciding to invest.
Also read: VCG Token Officially Registered at Bappebti
What is a Crypto Calculator?
A crypto calculator is a tool that fetches data from a wallet or exchange. After that, it calculates profits, losses, and income based on that data.
However, you can still enter data manually for calculations. After calculating the data, the crypto tax calculator offers great features like filling out forms or importing taxes into other integrations like TurboTax for further processing.
Most crypto traders use a crypto tax calculator to automate tax reporting crypto they. Therefore, if you are an active trader or even a casual trader, you should consider using a crypto tax calculator.
The crypto tax calculator works in several ways. The first and easiest and most reliable is to connect an exchange or wallet via an API key or public address. Then, the crypto tax calculator will download the data and start calculating.
Best Crypto Calculator List 2022
There are a number of crypto calculators that you can use easily.
You can use it just by going to the web from the crypto calculator.
- Mortage calculator
- Easy Bitcoin Calculator
Mortage calculator is a calculator crypto which is easy to use. Fill in the “Investment Amount” field with the amount you are investing and enter the coin price at the investment point in the “initial coin price” field.
In the “Coin Selling Price” column, enter how much the coin will cost when you sell it, then enter the investment cost percentage in the “Investment Cost” column.
The results will display the investment amount, the amount of crypto coins equivalent to the amount you invested, profit/loss, investment cost and the total amount. The green profit/loss numbers show profits while the red numbers show losses.
Easy Bitcoin Calculator
This calculator can only calculate bitcoins, but it is a quick way to check profits. This works when you enter the amount of bitcoins you are buying, and their buying and selling prices.
You can also include transaction fees paid. It is available on the Android app and has a friendly user interface.
This crypto calculator is useful for calculating how much money you might make while trading by entering the required values. It is designed to simulate open and closed trading positions at a certain value, as well as monetary results and the number of pips gained or lost.
Also read: Benefits and Risks of Crypto Investment
DQYDJ is a profit calculator with default date 17 July 2010 and current date as yesterday's date. This means that this calculator cannot predict the future earnings of any cryptocurrency.
To determine the value of the investment between two dates, calculate the amount invested, specify the start and end dates and tick the CPI button. The results will be shown next to total return, annual return, and final value.
You can use a crypto calculator to monitor the current value of different cryptocurrencies, which is useful for estimating future profits since you have to use the current coin price as the purchase price.
If you don't want to use a tax calculator for whatever reason, there are alternatives you can use.
First, you can hire a tax attorney who is experienced in taxes cryptocurrencies. But the downside to this option is its high cost; also, there can be human error.
Another option you have, you can calculate the taxes yourself. However, it requires prior knowledge and it can be very complicated and time consuming.
Crypto tax calculator is very important. You no longer need to spend hours calculating your taxes when you can automate them. Furthermore, with a tax calculator, you can eliminate human errors from your tax calculations.
Also read: The New Face of VCGamers, One Stop Platform for All Gamers
For your information, VCGamers has launched a crypto asset named $VCG Tokens which has been officially registered at Bappebti.
$VCG Token operates on the Binance Smart Chain (BEP 20) and Ethereum (ERC 20) networks and has been listed on Indodax, BitMart, Pancakeswap and Uniswap.
Currently, $VCG Token is used as currency in RansVerse, the first metaverse in Indonesia built on the collaboration of VCGamers, RANS Entertainment, Shinta VR and UpBanx.
For more information about products and projects from $VCG Token, find on the page Updates only on VC News!