Free Solana (SOL) Profit Calculator

Calculate profits or losses on your Solana (SOL) trades with CoinLedger's free Solana Profit calculator!

RATED 4.8

Track Your Entire Portfolio For Free With CoinLedger

Trusted by 500,000+ investors

Get Started

Loved by Customers
Everywhere

SolanaGuy
@Solanaguy23
Follow

@CoinLedger is the best and easiest

1:15 AM
May 3, 2024
56 Views
Matthew McDonald
10 reviews
19 photos
  • star
  • star
  • star
  • star
  • star
4 years ago

Just started using this.  Had some a few issues that I sent a quick chat request to after 1AM in the morning EST, and they responded pretty instantly, including modifying their import process for a given Exchange due to said exchange changing their format and they made a code change in less than 24 hours to fix the issue.  Awesome customer service.

brandonplaysdrums
80w

I have a feeling many frustrated people will leave Cointracker and use Coinledger this year! 👍

Reply
Hide
Adam
1 review
AU
  • Star
  • Star
  • Star
  • Star
  • Star
Apr 22, 2024

Great tools, exceptional service

These tools make life a lot easier and, if you need help with anything at all, the customer service is brilliant. The team replies within a day and they're focused on actually helping you (not just "dealing with" your help request). That's a sign of a solid company.

Veronique Denis
10 reviews
19 photos
  • star
  • star
  • star
  • star
  • star
2 months ago

Great company to work with.
Yuri was very professional and helped solve several issues I encountered. He was very patient even when I asked for some clarifications.

Thank you for all your help Yuri, you are excellent at your job.

Anon Vermin
@kb7vvd
Follow

I have used this service the last two years and it is easy to do. My accountant was happy to get the forms all filled out so all she had to do was attach to my return.

5:26 AM
Apr 14, 2024
23 Views
Dan Swannie
1 review
US
  • Star
  • Star
  • Star
  • Star
  • Star
Apr 19, 2024

Outstanding customer service

Outstanding customer service. Ben R has been extremely helpful, and I must say very responsive/timely with assisting me with downloading a couple of issues. The issues we really mine but Ben R took to the time to get me through them, rather than just referring me to the FAQ or Help menu's. The program makes it easy to identify potential issues with no associated cost. This is a welcomed change from the last (ZL) tax software I tried to use.

Z (🔺👁️🔺)
verification
@Lardacious
Follow

If anybody needs a solid crypto tax software let me know and I’ll refer you. I just finished mine via @CoinLedger.

8:25 PM
Feb 29, 2024
82 Views
Tiffanny Ruiz
13 reviews
14 photos
  • star
  • star
  • star
  • star
  • star
2 months ago

They did everything they promised they would, great support, great software, etc. Will continue to use for years to come

ginabadams
58w

Coin ledger is the BEST

Reply
Hide
BuddyPonderosa.eth
@buddyponderosa
Follow

@CoinLedger thanks for adding it all up for me, very eye opening actually doing my crypto taxes correctly for a change 😂

3:49 AM
Apr 15, 2024
13 Views
Christopher Quiles
1 review
US
  • Star
  • Star
  • Star
  • Star
  • Star
Mar 18, 2024

Great Customer Experience

I have used Coinledger the past 2 years. This year I had an issue with a missing cost basis, and Benjamin (Ben R) from their support team, saved me many hours of stress by helping solve my issues efficiently and throughly. He also took time to help answer additional questions I had about past and future tax transactions. I strongly recommend using Coinledger for your tax purposes. Great experience!

sharkeydrummond
25w

Bloody Awesome experience. Almost 600 transactions were taken care of instantly. Charged me only 100 bucks, and I love it.

Reply
Hide
Christopher Jose Lilly

Thank you coinledger!!!

ANDEEPANDA
@ImNotPandaBear
Follow

Dunno what I would do if I had to manually review all of my crypto buys sell stakes and gains for tax season

I used @CoinLedger to automatically generate all of my crypto tax reports for the year.

2:10 AM
Feb 27, 2024
44 Views
Andrew H
1 review
US
  • Star
  • Star
  • Star
  • Star
  • Star
Mar 27, 2024

Great experience with CoinLedger

Great experience with CoinLedger. I've been in crypto for a couple cycles now, and it's always been a nightmare tracking transactions come tax time. Thankfully I came across CoinLedger - the interface is easy to understand, much of the coin tracking is automated, and there is live customer service/ chat if you have a question. Would give 10 stars if I could; highly recommended.

Joshua Taylor

I used coinledger this year - awesome piece of software to be honest. Really helped me compile all my gains from all my wallets and exchanges for an easy time during tax season

Sharktoshi Bitmoto
verification
@SharkpuncherTR
Follow

Coinledger intigrates directly with turbotax also, as does coinbase. Makes things a lot easier. For me anyway

5:37 AM
Apr 10, 2024
45 Views
SolanaGuy
@Solanaguy23
Follow

@CoinLedger is the best and easiest

1:15 AM
May 3, 2024
56 Views
Matthew McDonald
10 reviews
19 photos
  • star
  • star
  • star
  • star
  • star
4 years ago

Just started using this.  Had some a few issues that I sent a quick chat request to after 1AM in the morning EST, and they responded pretty instantly, including modifying their import process for a given Exchange due to said exchange changing their format and they made a code change in less than 24 hours to fix the issue.  Awesome customer service.

Dan Swannie
1 review
US
  • Star
  • Star
  • Star
  • Star
  • Star
Apr 19, 2024

Outstanding customer service

Outstanding customer service. Ben R has been extremely helpful, and I must say very responsive/timely with assisting me with downloading a couple of issues. The issues we really mine but Ben R took to the time to get me through them, rather than just referring me to the FAQ or Help menu's. The program makes it easy to identify potential issues with no associated cost. This is a welcomed change from the last (ZL) tax software I tried to use.

sharkeydrummond
25w

Bloody Awesome experience. Almost 600 transactions were taken care of instantly. Charged me only 100 bucks, and I love it.

Reply
Hide
Christopher Jose Lilly

Thank you coinledger!!!

brandonplaysdrums
80w

I have a feeling many frustrated people will leave Cointracker and use Coinledger this year! 👍

Reply
Hide
ANDEEPANDA
@ImNotPandaBear
Follow

Dunno what I would do if I had to manually review all of my crypto buys sell stakes and gains for tax season

I used @CoinLedger to automatically generate all of my crypto tax reports for the year.

2:10 AM
Feb 27, 2024
44 Views
Z (🔺👁️🔺)
verification
@Lardacious
Follow

If anybody needs a solid crypto tax software let me know and I’ll refer you. I just finished mine via @CoinLedger.

8:25 PM
Feb 29, 2024
82 Views
Tiffanny Ruiz
13 reviews
14 photos
  • star
  • star
  • star
  • star
  • star
2 months ago

They did everything they promised they would, great support, great software, etc. Will continue to use for years to come

Adam
1 review
AU
  • Star
  • Star
  • Star
  • Star
  • Star
Apr 22, 2024

Great tools, exceptional service

These tools make life a lot easier and, if you need help with anything at all, the customer service is brilliant. The team replies within a day and they're focused on actually helping you (not just "dealing with" your help request). That's a sign of a solid company.

ginabadams
58w

Coin ledger is the BEST

Reply
Hide
Veronique Denis
10 reviews
19 photos
  • star
  • star
  • star
  • star
  • star
2 months ago

Great company to work with.
Yuri was very professional and helped solve several issues I encountered. He was very patient even when I asked for some clarifications.

Thank you for all your help Yuri, you are excellent at your job.

Christopher Quiles
1 review
US
  • Star
  • Star
  • Star
  • Star
  • Star
Mar 18, 2024

Great Customer Experience

I have used Coinledger the past 2 years. This year I had an issue with a missing cost basis, and Benjamin (Ben R) from their support team, saved me many hours of stress by helping solve my issues efficiently and throughly. He also took time to help answer additional questions I had about past and future tax transactions. I strongly recommend using Coinledger for your tax purposes. Great experience!

Joshua Taylor

I used coinledger this year - awesome piece of software to be honest. Really helped me compile all my gains from all my wallets and exchanges for an easy time during tax season

Anon Vermin
@kb7vvd
Follow

I have used this service the last two years and it is easy to do. My accountant was happy to get the forms all filled out so all she had to do was attach to my return.

5:26 AM
Apr 14, 2024
23 Views
Andrew H
1 review
US
  • Star
  • Star
  • Star
  • Star
  • Star
Mar 27, 2024

Great experience with CoinLedger

Great experience with CoinLedger. I've been in crypto for a couple cycles now, and it's always been a nightmare tracking transactions come tax time. Thankfully I came across CoinLedger - the interface is easy to understand, much of the coin tracking is automated, and there is live customer service/ chat if you have a question. Would give 10 stars if I could; highly recommended.

BuddyPonderosa.eth
@buddyponderosa
Follow

@CoinLedger thanks for adding it all up for me, very eye opening actually doing my crypto taxes correctly for a change 😂

3:49 AM
Apr 15, 2024
13 Views
Sharktoshi Bitmoto
verification
@SharkpuncherTR
Follow

Coinledger intigrates directly with turbotax also, as does coinbase. Makes things a lot easier. For me anyway

5:37 AM
Apr 10, 2024
45 Views

CoinLedger: The #1 portfolio tracker on the market

Looking for an easy way to track your crypto gains and losses? Try CoinLedger — the portfolio tracker trusted by 500,000+ users around the world.

All Your Transactions — At Your Fingertips

CoinLedger can connect your wallets and exchanges so you can see all of your gains, losses, and income at a glance!

Industry-Best Security

CoinLedger uses industry-best practices to keep your data safe — including end-to-end encryption, virtual private cloud (VPC) with network access control lists (ACLs), and more!

Track Your Portfolio For Free

With CoinLedger, you can track your gains, losses, and income from cryptocurrency completely for free! You’ll only pay if you want to download a tax report.

How to use the Solana (SOL) Profit Calculator

The Solana profit calculator allows you to estimate your gains/losses from cryptocurrency! Whether you’re dreaming of a huge gain or trying to calculate the profits from past investments, our free Solana Profit Calculator has you covered.

1. Choose the relevant cryptocurrency (ETH, BTC, etc.) This field is optional — you can simply enter the Buy and Sell Price.

2. In the ‘Investment’ field, enter the amount of cryptocurrency that you’ve invested. For example, if you’ve invested $300 in Solana, enter $300.

In ‘Buy Price’ and ‘Sell Price’, enter the fair market value of your cryptocurrency at the time you acquired it and the price you disposed of it. For example, if the price of Solana was $50,000 when you bought it and $52,000 when you sold it, you should enter $50,000 as your Buy Price and $52,000 as your Sell Price.

4. Any relevant fees you paid to acquire your cryptocurrency should be entered in the field labeled ‘Investment Fee’. Any fees you paid to dispose of your crypto should be inputted in the field labeled ‘Exit Fee’. If you don’t have this information, you can leave these fields blank.

5. Once you’ve finished the steps above, you’ll be able to see your total gain/loss!

How do I use the Solana What If Calculator?

The Solana What If Calculator is designed to show you what your Return on Investment would be today if you invested in Solana or another cryptocurrency in the past!

1. Enter your starting investment amount (ex. $1,000).

2. Enter the type of cryptocurrency (ex. Bitcoin, Ethereum, etc.)

3. Enter a starting date (ex. 09/23/2010)

Once you’ve inputted the relevant information, the What If Calculator will show your Return on Investment and what the current value of your investment would be if you held your cryptocurrency continuously!

How do I track my gains and losses automatically?

Looking for an easy way to track your gains and losses from your entire crypto portfolio? CoinLedger makes it easier than ever to track your cryptocurrency across all your wallets and exchanges!

Just connect your wallets and exchanges to CoinLedger and the platform will automatically track your gains and losses for all of your crypto-assets!

CoinLedger takes steps to keep your data safe. The platform uses ‘Read Only’ API keys — meaning the platform can’t make any trades or move any assets on your account!

logo
Get Started With A Free Account Today
Get Started

How do you calculate profit in crypto?

You can use the following formula to calculate your gains and losses in cryptocurrency.

Gain/Loss = Proceeds - Cost Basis

In this case, your proceeds are the fair market value of your cryptocurrency at the time of disposal, minus the cost of any fees related to the disposal.

Meanwhile, your cost basis is the fair market value of your crypto at the time of receipt, plus the cost of any fees related to acquisition.

How do I calculate crypto taxes

In the United States, cryptocurrency is subject to income and capital gains tax.

You can calculate your income based on the fair market value of any cryptocurrency you earned at the time of receipt. Examples of crypto income include mining, staking, and referral rewards.

You can calculate your capital gains based on the profit you made from disposing of cryptocurrency. Examples of crypto disposals include selling and trading away cryptocurrency.

Looking for an easy way to calculate your crypto taxes? Check out our free crypto tax calculator.

Should I reinvest my crypto profits?

Before you reinvest your crypto profits, you should consider your unique financial situation. There are a few factors to consider.

While reinvesting your profits from cryptocurrency can potentially lead to a larger return in the future, some investors choose to hold their gains in cash or invest in less volatile assets — such as stocks and real estate.

It’s also important to remember that selling or disposing of crypto is subject to capital gains tax. You should be sure that you have the cash on hand to pay your tax bill before you reinvest your profits.

Generally, you should never invest more in cryptocurrency than you can afford to lose.

What is the best percentage to take profit in crypto?

It’s important to remember that the ‘best percentage to take profit in crypto’ may differ for each investor. The exact number may depend on your specific situation and your specific risk preferences.

Many investors choose to measure their own returns against the S&P 500. Historically, the S&P 500 averaged a 11.88% annual return from 1957 to the end of 2021.

In general, the higher return that you aim for, the more risk that you take on. It’s important to remember that the cryptocurrency market is exceptionally volatile and that large price increases are sometimes followed by large price crashes. You should speak with a financial advisor if you’re considering selling your crypto.

Profit calculators for other cryptocurrencies

Trying to calculate profits for other cryptocurrencies in your portfolio?
Explore more of our crypto profit calculators below.

ellipseellipsecalculator

Calculate Your Crypto Taxes

  • Check
    No credit card needed
  • Check
    Instant tax forms
  • Check
    No obligations
Get Started For Free
percent
ellipseellipse