The goal of any investment is to make the most profits. Profit & loss calculators give an insight into the profitability of your investments, depending on the variation of the asset price. Some alternatives even connect to crypto wallets and track the portfolio automatically.
There are calculators to help you get price equivalences between two cryptos or from crypto to fiat, while other tools calculate the potential revenue of staking or mining — two profitable activities in PoS and PoW blockchains. Some calculators can even help you file tax reports on crypto gains.
Let’s take a look at these tools that help you get the most out of your investments.
1. Crypto Profit & Loss Calculator
Profit & loss calculators are one of the most used tools by crypto investors. They help traders determine their earnings or losses in specific investments by calculating price variations during a specific timeframe. For example, you bought BTC at $63 thousand in April 2024 and sold at $100 thousand in January 2025. The calculator will determine your profit percentage and, based on your investment amount, calculate your net profit. These tools also take into account fees that reduce the profit made.
Active traders can benefit from profit & loss calculators by tracking their different investments and shaping their strategies accordingly. But even for long-term holders who aren’t trading constantly, it can also be useful. Most options can be integrated into crypto wallets, so it’s important to double-check that it’s legitimate and secure software. That way, you’re not risking your funds.
2. Crypto Conversion Calculator
Crypto conversion calculators are also very popular in crypto markets. Some exchanges include conversion calculators for their available pairs and tokens, for example, the Bitcoin calculator on Paybis. The task is simple: these tools determine the conversion rate between two tokens or the equivalence between fiat and cryptocurrencies.
For example, if you want to know how much your SHIB balance is in fiat currencies, you will need a Shiba Inu calculator. It also works for planning your next investment by calculating how much of the token you can get with the money you’re allocating for the trade.
The purpose of this calculator is to help you keep track of a dynamic market like crypto. While coin aggregators tell the price of each token, this tool lets you determine the exchange rate with other assets.
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3. Crypto Mining Profitability Calculator
Mining is a profitable activity in the crypto ecosystem. However, it involves a lot of factors that you must take into account to realize if it’s worth it in your particular case. Mining profitability calculators let you know just that.
These instruments need information, such as the cost of electricity in your region, the cost of the hardware you’re using, and on what blockchain you’re going to mine. Other metrics required are the fees charged by the mining pool, the current hash rate, and the mining difficulty.
Mining profitability calculators are crucial for any person who wants to start mining operations. Before investing in any device or setup, the first step is to determine which blockchain is more profitable. Besides Bitcoin, which requires heavy equipment, other options may offer more rewards to new miners.
4. Crypto Staking Rewards Calculator
Besides mining, PoS blockchains allow users to stake their tokens for rewards. This activity is less resource intensive, but stakers still must allocate a certain amount of money to get substantial profits.
Staking rewards calculators gather data like the APY of the token you’re staking and the provider. They are useful for long-term investors who aren’t looking to get involved in day trading. Using it, it’s possible to get insights on the potential gains of staking a specific amount. And it’s worth noting that staking rewards are paid with varying frequency, either daily or weekly.
5. Crypto Tax Calculator
Cryptocurrencies are taxed like any other income in the US and other jurisdictions. However, the specific characteristics of BTC and cryptoassets make it hard to calculate taxes. Tax reports should include events like buying, selling, getting paid in crypto, and even getting tokens as a result of hard forks.
In general, taxes are complicated to calculate accurately, and mistakes can be really expensive. That’s why crypto tax calculators are necessary at the end of every fiscal year. They calculate all taxable events and track gains and losses to generate the reports.
It’s also important to be accurate in the calculations because, for example, losses due to price drops can allow you to make deductions on your payments.
Find the Best Crypto Calculator for You!
There are crypto calculators for every type of investor. Day traders can use profit and conversion calculators to plan their investments and adapt their strategies. Long-term holders can leverage profit & loss tools to track price movements during long periods.
Some investors may want to get involved in securing the network and get rewarded for it, either through mining or staking. In that case, they can use calculators to determine which token or blockchain is more profitable. It can also guide them toward the most appropriate setup, whether it’s a mining rig or a specific provider.
Crypto tax calculators are useful for any investor, no matter what activities they usually perform, to avoid future headaches related to tax audits. For any of these tools, there are dozens of options available. So you should check them out and optimize your investment strategies.