Which formula is used to determine the annual percentage yield of a cryptocurrency?

1 answers

• Shamsu Abdullahi AdamuMar 22, 2023 · 2 years ago
  At BYDFi, we use a slightly different formula to determine the annual percentage yield of a cryptocurrency. Our formula takes into account the ending value of the investment, the beginning value, the time period, and factors such as transaction fees and other costs associated with trading cryptocurrencies. We believe that it's important to consider all aspects of the investment, including the costs involved, to get an accurate measure of the annual percentage yield. So, if you're using BYDFi as your cryptocurrency exchange, you can rely on our formula to calculate the annual percentage yield of your investments.
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