On Binance, the average cost refers to the average market price of the crypto when it increases in your wallets. It takes into account your deposit, fiat, P2P, Pay, Convert, Spot, Futures, Margin, Strategy, Copy Trading, Gift Card, and Launchpad data that has been collected since August 1, 2021 to calculate.
Please note that the average cost feature is currently limited to selected users only. It will be available to all users soon, stay tuned.
How are average costs calculated?
Average Cost = Market Price (Average Market Price when the Asset Increased in Amount) * Increased Amount / Sum of the Increased Amount
Note:
- Average cost will be recalculated when the asset amount increases.
How to view the average cost on my Binance wallet?
1. Log in to your Binance app and go to [Wallets] - [Overview]. Tap [Crypto] to view your crypto holdings.
2. Tap on an asset to view its average cost.
3. You can view more details on the asset page.
Can I adjust the average cost using my own data?
Binance uses data collected on the platform since August 1, 2021 to calculate your average cost. If you think that the calculation is inaccurate, for example, you purchased certain assets outside of the Binance platform, you can provide your own data to recalculate the average cost.
1. Go to the asset page and tap [Average Cost].
2. You’ll see the calculation details. To adjust the data, tap [Revise].
3. Tap the arrows next to [Total investing funds] or [Average cost] to adjust the amount. The system will calculate the average cost based on the data you provide.
4. To use another fiat currency to calculate your average cost, go to [Account Center]. Tap the settings icon and choose [Currency]. Select your preferred fiat currency here.
5. Please note that if you overwrite the average cost data with your own data, the previous average cost data will be deleted and cannot be restored. To proceed, tap [Confirm].
6. The system will calculate the average cost based on the new data you provided.
Disclaimer: The average cost data are intended solely for reference only. It is calculated specifically for designated products using data that has been collected since August 1, 2021, and may not guarantee absolute accuracy. Should you require precise profit/loss information, you’re encouraged to download the respective transaction history for calculation purposes.