Frequently Asked Questions
How do I convert cryptocurrency to USD?
Multiply the amount of crypto by the current USD price. 0.25 BTC at $65,000/BTC = $16,250. The calculator supports any crypto using a manual price you enter, which is useful when working from a chart screenshot or a stale price quote and you want a quick conversion.
Why do prices differ across exchanges?
Each exchange has its own order book and liquidity. Differences of 0.1%–1% are common and reflect real fragmentation; arbitrageurs typically keep gaps small for major coins on major exchanges. Always check the source of any quoted price - coingecko/coinmarketcap aggregate across exchanges, while a single exchange's ticker shows only its own order book.
What fees apply when converting crypto to fiat?
Trading fees on centralized exchanges: 0.1%–0.6% per trade. Withdrawal fees to bank accounts: $0–$25 plus possible network fees. Stablecoin off-ramps via fintech: 0.5%–1.5%. P2P services: ~1% spread. The full round-trip (crypto-to-fiat, withdraw, and the reverse) typically costs 1%–3% of value.
Are crypto-to-USD conversions taxable?
Yes - selling crypto for USD is a taxable event in the US. Gain or loss = sale proceeds (USD received) − cost basis (what you paid plus fees). Held over a year is long-term (lower) capital gains; under a year is ordinary income. Each disposal must be tracked individually for tax reporting on Form 8949.
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Estimates only. Not financial advice.
Financial Disclaimer: Estimates only. Not financial advice.
This calculator provides estimates for informational purposes only. Actual financial outcomes depend on market conditions, personal circumstances, and decisions. Not financial advice. Consult a certified financial planner before making financial decisions affecting your future.