How to Check Your Profit and Loss on Binance After Buying Crypto
After buying cryptocurrency, the first thing you want to know is whether you are up or down, and by how much. Binance provides several different ways to check your profit and loss situation. Log into the Binance official website or open the Binance official app to get started. iPhone users should first check the iOS installation guide to install the app.
Checking Your Portfolio Gains on the App
Method One: Asset Overview Page
Open the Binance app and tap "Assets" at the bottom of the screen. At the top, you will see the estimated total value of all your assets, displayed in USDT or your local currency. If the total is higher than what you originally invested, you are in profit. If it is lower, you are at a loss.
Method Two: Trading Account Details
Navigate to Assets, then tap on your trading account. Here you can see the current market value of every individual cryptocurrency you hold.
For example, if you hold 0.01 BTC and the current BTC price is 65,000 USDT, this section will show that your BTC holdings are worth 650 USDT.
Method Three: The PnL Analysis Feature
The Binance app includes a dedicated "PnL Analysis" feature:
Go to Assets, then find "PnL Analysis" — here you can see the performance of each cryptocurrency you hold, including:
- Your average purchase price
- The current market price
- Unrealized profit or loss in dollar terms
- Unrealized profit or loss as a percentage
- Realized profit or loss (from portions you have already sold)
This feature is extremely useful and gives you a clear, at-a-glance view of your overall investment performance.
Checking on the Web Version
Log into the Binance official website, navigate to Wallet, then Spot Wallet. The asset list shows the quantity held and current market value for each cryptocurrency.
The web version also offers PnL analysis functionality, typically accessible from the wallet overview page.
How Profit and Loss Is Calculated
Unrealized Profit and Loss
Unrealized PnL refers to the profit or loss on cryptocurrency you have not yet sold, calculated based on the current market price:
Unrealized PnL = Current Market Value - Purchase Cost
For example, if you spent 5,000 USDT buying ETH and those holdings are now worth 5,800 USDT, your unrealized PnL is +800 USDT.
Unrealized Return Rate
Unrealized Return Rate = Unrealized PnL / Purchase Cost x 100%
Continuing the example above: 800 / 5,000 x 100% = 16%
Realized Profit and Loss
Realized PnL is the actual profit or loss from portions you have already sold:
Realized PnL = Sale Proceeds - Corresponding Purchase Cost - Trading Fees
Average Cost for Multiple Purchases
If you bought in multiple batches rather than all at once, your average cost is calculated as follows:
Average Cost = Total Amount Spent / Total Quantity Purchased
For example, if your first purchase was 3,000 USDT for 0.05 BTC (at 60,000 per BTC) and your second purchase was 3,250 USDT for 0.05 BTC (at 65,000 per BTC), your average cost = 6,250 / 0.1 = 62,500 USDT per BTC.
Practical Tips for Monitoring Your Returns
Do Not Check Too Frequently
Cryptocurrency markets operate 24/7, and if you check your returns every few minutes, your emotions will be constantly jerked around by the market. Excitement when prices rise, anxiety when they fall — this kind of emotional rollercoaster is not conducive to making rational decisions.
It is recommended to check once or twice a day at most, or set up price alerts so you only look when a key price level is reached.
Focus on the Return Rate, Not the Dollar Amount
Earning 100 USDT means very different things depending on your investment size. If you invested 1,000 USDT, that is a 10% return — quite impressive. If you invested 100,000 USDT, that is only 0.1% — barely worth mentioning. The return rate gives you a far more meaningful picture of your investment performance than the absolute dollar amount.
Keep a Trading Journal
While Binance's built-in PnL analysis is convenient, if you want to track your investment performance more thoroughly, consider maintaining your own simple trading log. Record the date, price, quantity, and reasoning behind each trade. This kind of record is invaluable when reviewing and learning from your past decisions.
Factor In Trading Fees
When calculating your true returns, do not forget to subtract trading fees. While a single fee of 0.1% may seem negligible, if you trade frequently, the cumulative fees can add up to a surprisingly significant amount.
What to Do When Your Returns Are Negative
Seeing a negative number is never pleasant, but there is no need to panic. You have several options:
Hold and Wait for Recovery
If you purchased major cryptocurrencies like BTC or ETH and you have confidence in their long-term value, short-term losses can be weathered by simply continuing to hold. The crypto market is highly volatile, and what drops today may very well recover tomorrow.
Average Down
If you have additional funds available, you can buy more at the lower price to reduce your average cost basis. However, this strategy requires you to believe the current price is already relatively low — otherwise, you risk adding to a losing position.
Cut Your Losses
If the loss has exceeded your comfort zone, or if you believe the market will continue declining, making a decisive exit to preserve your remaining capital is a perfectly valid choice. Protecting your principal means you will still have opportunities in the future.
What Not to Do
- Do not borrow money to add to your position in an attempt to recover losses quickly
- Do not pour money from other accounts into a losing trade
- Do not avoid checking your account because you are afraid to see the losses — burying your head in the sand is far more dangerous
Security Reminder
When viewing and managing your investment returns, keep these points in mind:
- Do not open your asset page in public places where others might see your holdings
- Be wary of any "guaranteed return" schemes — no investment can guarantee profits
- Cryptocurrency investing carries risk — only use money you can afford to lose
- Regularly review your investment portfolio and take decisive action on profit-taking and stop-losses when appropriate
You can check your assets and returns anytime through the Binance official app. Apple users can refer to the iOS installation guide for installation.