To figure out how much profit made in crypto, just subtract your total buying cost (including any fees) from the amount you sold it for. That difference is your actual profit or loss. For a more precise calculation—espacaily when taxes and multiple trades involved—you can use a tool like #Crypto tax calculator.
Step-by-Step Breakdown:
Know your cost basis:
This is the amount you paid to buy the crypto plus any fees (like trading aur gas fees).
Find your sale price:
The amount you sold the crypto for.
Calculate profit:
Sale price minus cost basis = your gain.
Example:
If you bought 1 BTC for $50,000 and paid $100 fees, then sold it for $60,000:
Cost basis = $50,000
Sale Price = $60,000
Profit = $60,000 – $50,000 = $9,900
Keep In Mind:
Taxes: profit of crypto are usually taxed as capital gains so you'll need to report them.
Fees: Always include buying / salling fees in your calculation.
Multiple trades: If you've done survel trades, track each one saparately to stay accurate.