This guide provides a comprehensive understanding of the various fiat figures within your CTC account, highlighting key differences and actions associated with each term. It clarifies why fiat deposits may not always align with fiat investments and why fiat withdrawals may differ from fiat proceeds.
TL;DR
Term | The page you see in the app | Calculations | Example |
Fiat Deposit | Transactions | 'Fiat deposit' from your bank to the exchange. | Deposited $1,000 from your bank account to your exchange. |
Fiat Invested
| Portfolio | The sum of fiat you spent in 'buying' cryptocurrencies; The 'Sell' side of a 'Trade'. | Traded $1,000 for 1 BTC. |
FIat Proceeds
| Portfolio | The sum of fiat you obtained from 'selling' your cryptocurrencies; The 'Buy' side of a 'Trade'. - | Sold 1 BTC and obtained $3,000. |
Fiat Withdrawal
| Transactions | 'Fiat withdrawal' from the exchange to your bank. | Transferred $500 from your exchange to your bank account |
Portfolio Page: Fiat Invested and Fiat Proceeds
Fiat Invested
Fiat Invested on the Portfolio page shows the total fiat amount invested to purchase cryptocurrencies, helping you track how much fiat currency has been used for acquisitions. These transactions are typically shown as a part of the 'Trade' transaction and sit on the 'Sell' side. For example,
'Trade' $1,000 for 1 BTC (or 'Sell' $1,000 and 'Buy' 1 BTC)
The portfolio page will display this in the 'Fiat Invested' section.
Fiat Proceeds
Fiat Proceeds on the Portfolio page indicates the total local fiat money obtained from selling cryptocurrencies. These transactions are typically shown as part of the 'Trade' transaction and sit on the 'Buy' side. For example,
'Trade' 1 BTC for $3,000 (or 'Sell' 1 BTC and 'Buy' $3,000)
The portfolio page will display this in the 'Fiat Proceeds' section.
The Fiat Invested and Fiat Proceeds in the Portfolio page only tracks your local fiat currency. For example, if you are in Australia, it tracks AUD. Other fiat currencies, such as USD, will not be included.
Transactions Page: Fiat Deposits and Fiat Withdrawals
Fiat Deposits
Fiat Deposits on the Transactions page are the fiat you transferred from your bank account into the exchange, which you can use to purchase cryptocurrencies. These transactions should be categorized as 'Fiat Deposit'. For example,
'Fiat deposit' $1,500 from your bank account to the exchange
Fiat Withdrawals
Fiat Withdrawals on the Transactions page are the fiat you transferred from the exchange to your bank account. These transactions should be categorized as 'Fiat Withdrawals'. For example,
'Fiat withdrawal' of $500 from the exchange to your bank account
Note: There might be discrepancies in these figures compared to your bank statement if your exchanges or you do not provide complete fiat trade or transfer data.
How It Looks in Your CTC Account
Let's use a simple scenario to show how the different fiat figures appear in your CTC account.
Example:
You deposited $1,500 from your bank to the exchange. You purchased 1 BTC for $1,000. After some time, you sold your 1 BTC and obtained $3,000. You then cashed out $500 by transferring $500 from the exchange to your bank.
On the Transactions page:
On the Portfolio page:
We break it down into the following sections.
1. Fiat Deposit: $1,500 - The amount you deposited to the exchange.
On the Transactions page:
2. Fiat Invested: $1,000 - The amount shown as 'Fiat Invested' on your Portfolio page. You spent $1,000 to purchase 1 BTC.
On the Portfolio page:
On the Transactions page:
3. Fiat Proceeds: $3,000 - The amount shown as "Fiat Proceeds" on your Portfolio page. You obtained $3,000 for selling your 1 BTC.
On the Portfolio page:
On the Transactions page:
4. Fiat Withdrawal: $500 - The amount you transferred to your bank.
On the Transactions page:
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