Cryptocurrency Q&A
How do you calculate cost basis for Bitcoin?
How do you calculate cost basis for Bitcoin?
Andrea
Fri Nov 29 2024
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7 answers
1306
I'm trying to figure out how to calculate the cost basis for Bitcoin. I need to understand the method or formula used to determine this, as it's important for tracking my investments and understanding their performance.
7 answers
SsamziegangSerenadeMelodyHarmony
Sun Dec 01 2024
The second component is the purchase fees, which are the additional costs incurred during the transaction.
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Margherita
Sun Dec 01 2024
Despite this, your total cost basis remains $10,035, which is the sum of the purchase price and the purchase fees.
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JejuSunshineSoulMateWarmth
Sun Dec 01 2024
To illustrate this concept, let's consider a simple example.
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IncheonBeautyBloomingRadiance
Sun Dec 01 2024
The calculation of cost basis in cryptocurrency investments involves two main components.
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KatanaBladed
Sun Dec 01 2024
Imagine you purchased a cryptocurrency for $10,000, and the transaction fees amounted to $31.
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