In the world of crypto trading, knowing your actual cost per asset is essential for making profitable decisions. Binance introduced the “My Cost” feature to help users understand the average price they paid for each asset—including all the trades and conversions they've made. This feature is especially useful for long-term holders, spot traders, and anyone actively managing their portfolio.
💡 What is “My Cost” in Binance?
“My Cost” is a feature in Binance's wallet that shows:
The average purchase price of an asset.
The total cost of your investment in that asset.
The profit/loss percentage based on the current market price.
Whether you’re holding Bitcoin, Ethereum, or any altcoin, this tool allows you to see if you're in profit or at a loss—without needing to manually calculate your average buy price.
🔍 Where to Find It
To access My Cost on Binance:
1. Go to the Wallet section.
2. Select Spot Wallet.
3. Tap on the asset you want to view.
4. You’ll see a tab or label called “My Cost”, usually right below your total asset values
This shows:
Cost per Unit
Total Cost
Current Price
Profit or Loss
❗Note: It only includes trades done within your Binance account. Manual deposits or transfers from external wallets won’t be factored into the cost.
📈 Why It Matters
Knowing your real cost basis helps you:
Avoid panic-selling during market dips.
Identify the best time to take profit.
Improve your tax reporting (for users in countries where capital gains apply).
Track how well your dollar-cost averaging (DCA) strategy is working.
🛠️ Pro Tip: Combine with TradingView
Use the My Cost value and match it on TradingView to set alerts or create custom charts for:
Break-even alerts
Profit targets
Stop-loss points
🧠 Final Thoughts
Binance's My Cost feature brings transparency to your crypto journey. By showing your true entry point and live PnL (Profit and Loss), it acts as a personal trading assistant—giving you more control over your decisions.
Whether you're a beginner or a pro, using My Cost ensures you're not trading blind.
