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How can I use Excel to calculate the current value of my cryptocurrency holdings?

avatarCguysDec 25, 2021 · 3 years ago3 answers

I want to calculate the current value of my cryptocurrency holdings using Excel. How can I do that? Are there any specific formulas or functions that I need to use?

How can I use Excel to calculate the current value of my cryptocurrency holdings?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Calculating the current value of your cryptocurrency holdings in Excel is actually quite simple. You can use the 'CRYPTOFINANCE' add-on in Google Sheets, which allows you to fetch real-time cryptocurrency prices and perform calculations. All you need to do is install the add-on, enter the ticker symbols of your cryptocurrencies, and use the appropriate formulas to calculate the current value based on the quantity you hold. It's a convenient way to keep track of your investments!
  • avatarDec 25, 2021 · 3 years ago
    No worries, mate! Excel can definitely help you with that. You can use the 'COINPRICE' function in Excel to fetch the current price of a cryptocurrency. Simply enter the ticker symbol of the cryptocurrency and the function will return the current price. Then, you can multiply the price by the quantity of the cryptocurrency you hold to calculate the current value. Easy peasy, right?
  • avatarDec 25, 2021 · 3 years ago
    If you prefer using a different platform, you can also try out BYDFi. It's a cryptocurrency exchange that provides an API for accessing real-time cryptocurrency prices. With BYDFi's API, you can easily fetch the current prices of your cryptocurrencies and use Excel's formulas to calculate the current value. It's a great option if you're looking for a more integrated solution!