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How can I calculate the APY for my BTC holdings?

avatarSubawooNov 26, 2021 · 3 years ago1 answers

I have some BTC and I want to know how to calculate the APY (Annual Percentage Yield) for my holdings. Can you explain the formula or method to calculate it?

How can I calculate the APY for my BTC holdings?
BTC
APY
Cryptocurrency

1 answers

  • avatarNov 26, 2021 · 3 years ago
    Calculating the APY for your BTC holdings is crucial for understanding the potential growth of your investment. To calculate it, you need to know the annual interest rate and the compounding frequency. The formula for APY is (1 + (r/n))^n - 1, where 'r' is the annual interest rate and 'n' is the number of compounding periods in a year. You can find the annual interest rate by researching lending platforms or checking DeFi platforms. Once you have the rate, plug it into the formula to calculate the APY. Remember, APY is an estimate and actual returns may differ based on market conditions.

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