Cost Basis vs LIFO (Last In, First Out)
Quick comparison to help you distinguish these two crypto terms.
Cost Basis
beginner
fundamentals
Cost basis is the total original amount you paid to acquire a cryptocurrency position, including purchase price and any transaction fees, used to calculate profit or loss.
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intermediate
strategy
A cost basis accounting method that assumes the most recently purchased cryptocurrency units are sold first, applying the newest acquisition costs to each disposal for tax calculation purposes.
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