Calculating Crypto Profit: A Guide for Traders
1 min read
Master calculating crypto profit in DeFi with our guide. We cover cost basis, gas fees, staking rewards, and tools for accurate P&L tracking.
| Step | Action | Cost/Value (USD) | Notes |
|---|---|---|---|
| 1 | Buy 0.2 ETH on an exchange | $700 | Starting capital for the trade. |
| 2 | Pay Gas to Approve Token Spend | $5 | One-time on-chain fee to allow the DEX to access the token. |
| 3 | Swap 0.2 ETH for 1M MEME | $695 (Value of ETH) | Executing the swap on the DEX. |
| 4 | Pay ETH Gas for Buy Swap | $15 | Network fee to process the trade. |
| 5 | Sell 1M MEME for 0.4 ETH | $1,400 (Value of ETH) | The token pumped; taking profits. |
| 6 | Pay ETH Gas for Sale Swap | $20 | Network is busier, so the gas fee is higher. |
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