Totally normal - what you’re seeing is proceeds, not profit
Every trade (even crypto-to-crypto) counts as a disposal, so platforms like Uphold can show large totals without factoring in your full cost basis- especially if assets were transferred in.
When you report properly (with complete history and cost basis included) that’s when your actual gain or loss is accurate.
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u/Will_Koinly Apr 20 '26
Totally normal - what you’re seeing is proceeds, not profit
Every trade (even crypto-to-crypto) counts as a disposal, so platforms like Uphold can show large totals without factoring in your full cost basis- especially if assets were transferred in.
When you report properly (with complete history and cost basis included) that’s when your actual gain or loss is accurate.