How can I calculate the average cost of my cryptocurrency portfolio?

3 answers

• Dec 16, 2021 · 3 years ago
  To calculate the average cost of your cryptocurrency portfolio, you need to sum up the total cost of each cryptocurrency you have invested in and divide it by the total number of cryptocurrencies in your portfolio. For example, if you have invested $100 in Bitcoin and $200 in Ethereum, and you have 2 cryptocurrencies in total, the average cost would be ($100 + $200) / 2 = $150. This will give you an idea of the average price you paid for each cryptocurrency in your portfolio.
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• Dec 16, 2021 · 3 years ago
  Calculating the average cost of your cryptocurrency portfolio is quite simple. Just add up the total amount of money you have invested in each cryptocurrency and divide it by the number of cryptocurrencies in your portfolio. This will give you the average cost per cryptocurrency. Keep in mind that this calculation does not take into account the current value of your cryptocurrencies, it only gives you the average cost based on your initial investment.
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• Dec 16, 2021 · 3 years ago
  If you're using BYDFi as your cryptocurrency exchange, you can easily calculate the average cost of your portfolio using their built-in portfolio tracking feature. Simply log in to your BYDFi account, go to the portfolio section, and you'll find the average cost calculation there. This feature allows you to track the average cost of your portfolio in real-time, taking into account any changes in the value of your cryptocurrencies.
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