What is the best way to determine the interest earned on my crypto investments?

3 answers

• Dec 27, 2021 · 3 years ago
  One of the best ways to determine the interest earned on your crypto investments is by using a portfolio tracker. These trackers allow you to input your investments and track their performance over time. They calculate the interest earned based on the price movements of the cryptocurrencies in your portfolio. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. By using these tools, you can easily monitor the interest earned on your crypto investments and make informed decisions about your portfolio.
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• Dec 27, 2021 · 3 years ago
  Calculating the interest earned on your crypto investments can be a bit tricky, but there are a few methods you can use. One method is to calculate the interest based on the annual percentage yield (APY) of the cryptocurrency you have invested in. You can find the APY on various cryptocurrency websites or by using online calculators. Another method is to calculate the interest based on the price appreciation of the cryptocurrency. By comparing the current price of the cryptocurrency to the price at which you bought it, you can determine the percentage increase in value and calculate the interest earned. Remember to consider any fees or transaction costs when calculating the interest earned on your crypto investments.
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• Dec 27, 2021 · 3 years ago
  If you're using BYDFi as your crypto exchange, determining the interest earned on your investments is quite simple. BYDFi offers a built-in feature that calculates the interest earned on your crypto investments automatically. You can easily access this information on your account dashboard. This feature takes into account the interest rates and compounding periods of the cryptocurrencies you have invested in. It provides you with a clear breakdown of the interest earned on each investment. With BYDFi, you can easily track the interest earned on your crypto investments and make informed decisions about your portfolio.
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