What Is the crypto Profit / Loss indicator?
The Skrill Cryptocurrency Service is currently available in selected countries only. If you don’t see a Crypto section in your account, this means you can’t perform crypto transactions.
The Profit / Loss functionality gives you a valuable insight on the gains (or losses) you would get if you sell certain cryptocurrency at a certain moment. The Profit / Loss represents the difference between the market value and the average buy price of your balance.
Тhe Average Buy Price is the median price of all your buy trades since your first buy until you sell the entire balance of a designated cryptocurrency. Once you sell your entire balance of a certain crypto, the average buy price will no longer be taken into consideration for future trades and will be reset. If you start accumulating balance of the same crypto currency the average buy price will again start to be calculated. The Crypto obtained via the Money Transfer service is excluded from the calculation.
As the Profit / Loss functionality is based on the difference between the market value and the average buy price of your balance as described above, you will see as an indicator Profit if at the time of the exchange you are gaining from the trade:
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or an indicator Loss if you are not gaining from it:
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The exact amount / percentage of the profit / loss will be indicated under the relevant field.
Note: you can only see those indicators if you have already performed trading for a certain cryptocurrency.
Cryptocurrencies are complex, unregulated, without consumer or financial protections. Capital Gains Tax or other taxes may apply. Prices are volatile; only risk what you can afford to lose.