How to calculate your net worth (including crypto)
A simple, step-by-step way to work out your net worth when your money is spread across banks, stablecoins, crypto and stocks.
LedgerVault team · · 6 min readYour net worth is one number: everything you own, minus everything you owe. It's the clearest way to see if you're actually getting richer over time, because it doesn't care which account the money sits in.
The maths is easy. The hard part is collecting the numbers when your money is in a bank, an exchange, a wallet and a broker, in three different currencies. Here's how to do it properly.
Step 1: List everything you own
Go account by account and write down today's value:
- Cash: current accounts, savings accounts, cash at home.
- Stablecoins: USDT, USDC and similar, on exchanges or in wallets.
- Crypto: Bitcoin, Ethereum and anything else, at today's price.
- Investments: stocks, ETFs, funds and pensions you can see a value for.
- Things: a home or car, if you want them included. Use a cautious value.
Step 2: List everything you owe
Mortgage balance, car loan, student loan, credit cards (the full balance, not the minimum payment) and money you owe friends or family.
Step 3: Convert everything to one currency
This is where most spreadsheets go wrong. If you hold euros, dollars and Bitcoin, you need today's exchange rates for all of them, or your total is just a guess. Pick the currency you think in, and convert every line into it.
Step 4: Subtract
Add up what you own, add up what you owe, and take one from the other. That's your net worth.
| Example | Value (EUR) |
|---|---|
| Bank accounts | €18,400 |
| Stablecoins (USDT, USDC) | €13,540 |
| Crypto | €22,100 |
| Stocks & ETFs | €31,800 |
| Credit card | −€1,200 |
| Net worth | €84,640 |
Sample figures, for illustration.
Common mistakes with crypto
- Counting deposits as profit. If you added €5,000 and your total went up €5,000, you didn't earn anything. Track what you put in separately.
- Forgetting stablecoins. USDT and USDC are usually money you'd spend like cash, so include them. More on that in are stablecoins cash?
- Old prices. Crypto moves fast. Always use today's price.
- Counting the same coins twice. If you moved coins from an exchange to a wallet, only count them once.
How often should you check?
Once a month is plenty for most people. What matters is the trend: is the number going up over months and years? Checking daily mostly shows you market noise.
Doing it automatically
A spreadsheet works, but it's only right on the day you update it. A net worth tracker like LedgerVault adds up every account for you, converts it at live rates that update every minute, and keeps money you add separate from real gains. You can type balances in or import a CSV for free, or connect accounts read-only with Premium.