There are various types of crypto calculators available online. Whether you want a cryptocurrency return calculator or crypto tax calculator, their demand is rising with the rise in the popularity of cryptocurrencies. The cryptocurrency market has now swelled to a business with a global crypto market cap of over US$2.71 trillion, with Bitcoin (BTC) having dominance of over 44%. You can check out such a calculator and BTC markets to make a final decision to buy bitcoin. Without any further ado, let us check some of the basic and most important aspects related to cryptocurrency calculators or cryptocurrency converters.
## **What is a Crypto Calculator? How to Calculate Crypto Prices?**
A cryptocurrency calculator takes the unconverted price of crypto directly from a cryptocurrency exchange (say, Coinbase) and converts it into USD or any other currency (either fiat currency like EUR, YEN, etc. or cryptocurrencies like BTC, ETH, SOL, DOT, and others). In some of the leading crypto calculator providers, the update of the calculated data is done every 8 seconds. To make a final decision, you can check out their transaction history of that crypto as well as the bitcoin price or other coin price.
## **Bitcoin Tax Calculator: How does it work?**
After checking the functioning of the crypto price calculator and converter, let’s now check how a bitcoin tax calculator works. Such a tax calculator helps to calculate the amount of capital gains tax that you have to pay. This depends on various factors and the most important one is the holding period.
Let’s consider an example to elucidate. Suppose you purchased US $5,000 worth of Bitcoin (BTC) in August 2017. If you held those BTC till November 2018, they would have become US $10,000 in just over a year. If you bought BTC for under 3-years, your short-term capital gain is US $5,000. In the United States, the amount of tax return on cryptos depends upon the income tax bracket that you fall within.
If you hold cryptos for more than 3-years, the levied tax will be considered as long-term capital gains. The tax percentage will be 20% in addition to benefits from indexation. In addition to tax calculators, you can also check out the profitability calculator to know about crypto profits.
## **Consider Investing in Cryptocurrencies and Other Assets.**
You can buy and sell Huobi Token and other virtual currencies against various fiat currencies (United States Dollar or US Dollar or USD), British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile apps, and Huobi Token markets. Use the Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.
If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.
You can also diversify your crypto coin portfolio by including other digital assets such as HT, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Zcash ZEC, Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Dash DASH, Litecoin LTC, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.
Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.
## **Invest in the NapBots Dynamic Cryptocurrency Index.**
Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies to enable cryptocurrency investors to streamline their trading experience in new ways.
NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools to enable new investors to create and manage advanced crypto indices easily.
The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US $150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error.
Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading crypto-assets with reduced financial barriers and no human error.