Cryptocurrency Q&A
How to calculate average cost BTC?
How to calculate average cost BTC?
Elena
Tue Nov 26 2024
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7 answers
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I want to know how to calculate the average cost of Bitcoin. Is there a specific formula or method I can use to determine the average price I've paid for BTC across multiple purchases?
7 answers
Emanuele
Thu Nov 28 2024
To determine the average cost, one must first calculate the total cost of the cryptocurrency purchased.
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Arianna
Thu Nov 28 2024
For instance, if you bought 2 Bitcoins (BTC) at $40,000 each and 1 BTC at $50,000, the total cost would be $130,001.
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CryptoPioneer
Thu Nov 28 2024
Next, you need to calculate the total amount of cryptocurrency acquired.
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SamuraiBrave
Thu Nov 28 2024
In this example, the total amount of BTC purchased is 3 BTC (2 BTC + 1 BTC).
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GeishaWhisper
Wed Nov 27 2024
With the total cost and total amount of crypto known, you can then compute the average cost per unit.
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