Since its debut in 2009, crypto has steadily taken over the world. As of August 2022, there were over 19,000 cryptocurrencies in the market.
However, with so many options to choose from, how do you know which one is the best investment? You use a reliable crypto profit calculator.
What is A Crypto Profit Calculator?
This calculator lets you know how much profit or loss you’ve made or would make by investing in a certain cryptocurrency.
This means that you can use a crypto profit calculator after investing and also to forecast the market. However, not all crypto profit calculators allow you to forecast future profits.
Some just show you how much you’d make if you sold your current crypto assets.
The simple formula for calculating crypto profit is:
Crypto Profit = Selling Price of cryptocurrency – Cost of cryptocurrency
Luckily, you don’t have to cram this formula because the calculators we’re about to look at will do all the calculations for you. Let’s begin.
10 Best Crypto Profit Calculators
We’ve ranked these crypto profit calculators based on their effectiveness and ease of use in cryptocurrency investment.
This calculator is only for Bitcoin and has an easy-to-use user interface. You can either calculate profit and losses or profit thresholds.
Before we dive into these two scenarios, let’s look at what shorting and going long mean in this case. Going long is when you buy bitcoins, and shorting is when you are selling Bitcoins.
So, what is the profit threshold? This is the point where your trade will start making a profit after the trading fees have been deducted. For example, if you’ve gone long (bought Bitcoins), the threshold will be the point at which selling your cryptocurrency will give you a profit in fiat currency (USD).
If you are shorting (sold your Bitcoins), the threshold will be when buying Bitcoins will allow you to get more Bitcoins than you started to trade with.
For the profits and losses, you’ll get to see how much you’d earn or lose from the pair of trades you’ve imputed. If you are shorting, you’ll get a Bitcoin figure and a fiat figure (USD) if you go long.
If you are searching for a great calculator that will tell you how much you would have made if you’d invested in Bitcoin at a specific time in the past, this is it.
This Cryptoground crypto profit calculator gives you the profit or loss you’d have made on a specific trade and the return on investment (ROI). You get the profit in USD.
This is a good calculator to use if you are deciding to invest in Bitcoin but aren’t sure. Seeing how much you’d have made may be the push you need. However, we don’t guarantee that just because you would have made a profit in the past means that you’ll make a profit now.
Therefore, use your utmost discretion when deciding to invest in cryptocurrency. This investment opportunity has its risks just like any other.
This crypto profit calculator allows you to check how much profit or loss you’ve made on your investment.
All you have or need to do is input the purchase date, how much you invested, and the cryptocurrency you bought. Then, once you hit the calculate button, you’ll be able to tell the value of your investment.
You also get a cool graph that shows your investment’s value over time.
This CoinStats crypto profit calculator allows you to predict profits you’d make from Bitcoin and other cryptocurrencies.
You’ll get alerts on changing trends in your portfolio and get to know when things are on the up and down. CoinStats is trusted by over a million users and can be a good place to start if you are new to crypto.
This Crypto Investment Calculator allows you to successfully plan your investments safely and straightforwardly.
The Cryptomo crypto profit calculator is a Bitcoin calculator that allows you to simulate how much you’d make or lose by investing in crypto.
Although it’s a Bitcoin calculator, you can also use it for other cryptocurrencies.
The unique thing about this crypto profit calculator is that it adjusts for inflation. However, you cannot forecast future earnings for any cryptocurrencies as it only works between the dates of July 2010 and yesterday.
Yesterday means the day before the day you’re using the calculator. Therefore, if you want to know how well your cryptocurrency is performing, this is a great crypto profit calculator to use.
This profit calculator uses a Bitcoin tool to give you accurate results. Once you input the start and end dates and adjust for inflation, you’ll get your total return.
This profit calculator has a start date of 1st January 2011 and works with fiat currencies like USD, EUR, and GBP.
It also lets you know how much profit you’d make and your return on investment.
This simple-to-use profit calculator allows you to see how much profit or loss you’ve made. The advantage of using this crypto profit calculator is that it has several cryptocurrencies for you to choose from.
Input the investment amount you made in fiat currency, the initial crypto price at the time of buying, the selling price, the investment fee, and the exit fee to get the profit or loss of your investment.
CoinJournal allows you to see how much profit or loss you would have made if you had invested in a cryptocurrency. As the name suggests, it’s a time machine that allows you to peek into the past.
You can use it to learn about the trends in the market by trying with various dates.
This profit calculator uses market data and trade direction to calculate the profit or loss of a cryptocurrency trading position. In addition, you can use it to check how much you’d earn from your trading positions.
Now that we’ve looked at the best crypto profit calculators in the market, let’s focus on some tips when investing in crypto.
Tips When Investing in Crypto
If you’ve been using a crypto profit calculator to predict how much you would have made but haven’t had the heart to make an actual investment, here are some tips that will help.
We understand that taking a risk can be a bit scary, and we want to help you feel more prepared.
1. Join Helpful Forums
Jumping into something risky can seem more daunting if you are alone than if you are with others. This is why making friends with others who are into cryptocurrency can be helpful to your investment pursuits.
Joining forums will also help you stay updated with the trends and changes in the cryptocurrency world. In addition to staying informed, you also get inside information that can help with your decisions. These are tips you’d hardly get from a simple Google search.
2. Understand Your Motivation
Knowing the purpose of cryptocurrency investment will allow you to make a more informed decision. For example, if you are investing in cryptocurrency because you find it interesting, you may want to use the money you haven’t planned.
For example, you can invest the surprise end-of-year bonus your boss gave you for your first investment. This can help you learn the market and how things work in the crypto world without hurting your pockets.
Alternatively, if you are investing in crypto because you want an extra source of income, ensure that you’re doing the proper research to avoid losing money unnecessarily.
Knowing the reason for your investment will allow you to make better decisions and choose the right platforms and cryptocurrencies for you.
3. Learn As Much As You Can
The cryptocurrency world is ever-changing, with new currencies and technologies cropping up every time. Therefore, you need to constantly arm yourself with information about blockchain technology, the types of cryptocurrencies, and emerging patterns.
Having this vital knowledge will enable you to make sound decisions with your investments without feeling the need to rush in. You also won’t be swayed to invest in new cryptocurrencies just because everyone is doing it.
You can watch relevant YouTube videos, listen to podcasts, read blogs, and more to learn all you can about the crypto world.
Crypto profit calculators allow you to know how much profit or loss you’ve made or would have made with your crypto investments.
There are some crypto profit calculators that allow you to forecast future profits and others that don’t. The ones that do can help you make investment decisions. A good example is the CoinStats crypto profit calculator, which can help you successfully plan your crypto investments.
Some advantages of using a good crypto profit calculator include forecasting future profits, your return on investment, and mining profitability.