How can I view my Unrealized Profit and Loss (P&L) on Bitvavo?
Summary
Bitvavo now shows your Unrealized Profit and Loss (P&L) for each crypto asset you hold. This helps you understand how much profit or loss you would have if you sold your holdings at the current market price.
What is Unrealized Profit and Loss (P&L)?
Unrealized P&L shows the difference between the current market value of your holdings and their total purchase cost. It’s called “unrealized” because the result only becomes final (realized) when you sell the asset.
- Unrealized Profit: When the current market price is higher than your average purchase price.
- Unrealized Loss: When the current market price is lower than your average purchase price.
Where can I see my Unrealized P&L in the app?
You can view your Unrealized P&L directly from your portfolio:
- Open the Bitvavo app.
- Go to your portfolio under Your Assets.
- Tap or click the sorting menu and select P&L.
Your Unrealized Profit or Loss will now be displayed next to each crypto asset you hold.
How is Unrealized P&L calculated?
The Unrealized P&L is calculated as:
Unrealized P&L = (Current Market Price – Weighted Average Cost) × Quantity Held
Your Unrealized P&L changes whenever:
- The market price of the asset changes.
- Your quantity held changes (for example, when you buy, sell, or receive rewards).
Weighted Average Cost (WAC):
The Weighted Average Cost represents the average price paid per unit, considering all purchases of the same asset.
WAC = (Total Cost of Purchases) ÷ (Total Quantity Purchased)
Example calculations
Example 1 – Basic Unrealized P&L
| Date | Quantity | Price per BTC | Total Cost |
|---|---|---|---|
| Jan 10 | 0.2 BTC | €85,000 | €17,000 |
| Feb 5 | 0.3 BTC | €88,000 | €26,400 |
Total BTC purchased: 0.5 BTC
Total cost: €43,400
Weighted Average Cost (WAC): €86,800
If the current market price is €90,000:
Unrealized P&L = (90,000 – 86,800) × 0.5 = €1,600
Your Unrealized Profit is €1,600.
Example 2 – Partial sell transaction
You sell 0.2 BTC at €89,000.
- Realized portion: (89,000 – 86,800) × 0.2 = €440. This profit is now realized and no longer part of your Unrealized P&L.
- Remaining holdings: 0.3 BTC at WAC €86,800. If the market price is €90,000:
Unrealized P&L = (90,000 – 86,800) × 0.3 = €960.
Example 3 – New purchase after a partial sell
You buy 0.1 BTC at €91,000.
New total holdings: 0.4 BTC
New WAC: (€26,040 + €9,100) ÷ 0.4 = €87,850
If the market price is €90,000:
Unrealized P&L = (90,000 – 87,850) × 0.4 = €860.
Example 4 – Earn rewards
You earn 0.005 BTC through Bitvavo Rewards. Earn rewards don’t change your WAC but add to your holdings at their current market value.
New total holdings: 0.405 BTC
WAC: €87,850
Market price: €90,000
Unrealized P&L = (90,000 – 87,850) × 0.4 + (0.005 × 90,000) = €1,310.
FAQ
Why is my Unrealized P&L different from what I expected?
This may happen if you bought or sold portions of an asset at different prices, if market prices have changed, or if your holdings include staking rewards or small residual balances (dust).
Does Unrealized P&L include trading fees or Earn rewards?
Trading fees are not included in the Weighted Average Cost (WAC) or Unrealized P&L. Earn rewards do not affect your WAC but are included at their current market value once credited to your account.
Why is my Unrealized P&L negative even though I made some profitable trades?
Unrealized P&L only reflects your current holdings. Profits from assets you’ve already sold are realized and not included in the Unrealized P&L calculation.
Can I use Unrealized P&L for tax reporting?
No. Unrealized P&L is provided for informational purposes only. Please check local tax regulations or consult a tax advisor for specific guidance.
How are crypto deposits and withdrawals treated?
Crypto deposits and withdrawals are treated as buys and sells at the current market price at the time of the transaction. This means that when you deposit crypto, it is considered as if you bought the asset at that market price, and when you withdraw crypto, it is considered as if you sold it at that moment. This ensures your Weighted Average Cost and Unrealized P&L remain aligned with your actual holdings.
Why do I see a percentage of P&L but a total balance below €0.01?
This can occur when you hold a very small balance (dust). The euro value may round down to €0.00, but the P&L percentage still shows because it’s calculated separately.
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