What tools are available for calculating the average cost of buying cryptocurrencies over time?

3 answers

• Nov 23, 2021 · 3 years ago
  Sure! One popular tool for calculating the average cost of buying cryptocurrencies over time is CoinTracking. It allows you to import your trades from various exchanges and automatically calculates the average cost for each cryptocurrency. CoinTracking also provides detailed reports and analytics to help you track your investments. Another option is CryptoCompare, which offers a portfolio manager that calculates the average cost based on your trades. It supports multiple exchanges and provides real-time market data. Both tools are widely used and trusted by the crypto community.
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• Nov 23, 2021 · 3 years ago
  Well, if you're looking for a simple and straightforward tool, you can try using a spreadsheet. Just create a column for the date of each trade, another column for the price at which you bought the cryptocurrency, and a third column for the quantity. Then, you can use a formula to calculate the average cost. It might require some manual work, but it's a cost-effective solution if you're not interested in advanced features offered by specialized tools.
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• Nov 23, 2021 · 3 years ago
  BYDFi is a great platform that offers a comprehensive set of tools for calculating the average cost of buying cryptocurrencies over time. It provides a user-friendly interface and supports multiple exchanges. You can import your trades, track your investments, and easily calculate the average cost for each cryptocurrency. BYDFi also offers advanced features like portfolio analysis and performance tracking. It's definitely worth checking out if you're serious about managing your crypto investments.
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