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What information should be included in a brokerage statement for cryptocurrency trading?

avataradam kazmierczykDec 28, 2021 · 3 years ago3 answers

What are the essential details that should be included in a brokerage statement for cryptocurrency trading? I want to make sure that I have all the necessary information to track my trades and understand my financial position.

What information should be included in a brokerage statement for cryptocurrency trading?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    A brokerage statement for cryptocurrency trading should include details such as the date and time of each trade, the cryptocurrency pairs traded, the quantity of each cryptocurrency bought or sold, the price at which the trade was executed, any fees or commissions incurred, and the total value of each trade in both the base currency and the cryptocurrency being traded. This information is crucial for accurately tracking your trades and calculating your gains or losses.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to a brokerage statement for cryptocurrency trading, you'll want to see information like the transaction history, including the date, time, and price of each trade. It should also include details about the cryptocurrencies involved, such as the ticker symbol and quantity bought or sold. Additionally, any fees or commissions associated with the trades should be clearly stated. Having all this information in one place makes it easier to review your trading activity and assess your performance.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, our brokerage statements for cryptocurrency trading provide a comprehensive overview of your trades. You can expect to find details such as the date, time, and price of each trade, the cryptocurrencies involved, the quantity bought or sold, any fees or commissions incurred, and the total value of each trade. Our statements are designed to give you a clear picture of your trading activity and help you make informed decisions.