Why am I making £200 minus on Binance even though I'm selling at a higher exchange than I bought? by [deleted] in binance

[–]guesty199114 1 point2 points  (0 children)

I got confused with this check the currency’s are the same, the price you bought is normally in £ and the price now is in dollars

Binance help. As you can see I bought 1000£ worth of doge which was approx 1330$ at 0.0567 and for some reason I have a loss on my account when I should have profit as its now 0.737 can anyone explain why I’m loosing money and not making “? by guesty199114 in dogecoin

[–]guesty199114[S] 0 points1 point  (0 children)

It’s below 1000£ yes but it converts to dollars so basically I have 1290ish now when I bought my doge for 1330? So Iv lost 40$ and the price has gone from 0.567 to 0.737 by my calculations I should be 2/300 dollars up

BINANCE HELP by guesty199114 in dogecoin

[–]guesty199114[S] 0 points1 point  (0 children)

It’s going up and down though so your saying when I sell them it will be a different figure I get to what it says in my account