What Would I Actually Receive?
The number on the screen, minus each cost of selling, in the order they are taken.
The balance an app shows is a number of tokens multiplied by a price, usually the last trade or the midpoint between buyers and sellers. It is not an offer. Nobody has agreed to pay it, and what actually reaches your bank or wallet is that number minus several costs, each taken at a different point in the sale.
This sheet walks those costs in the order they are taken. Fill in a figure only where you have a measurement or a quote, and where you only have an estimate, write guess beside it. A number you typed into a calculator yourself is a guess, not a measurement, and the gap between the two is usually where the surprise is.
Before you start
Prices and costs change by the minute. A sheet filled in today describes today, and nothing on it predicts tomorrow.
1. The displayed value
The figure your app or a price site shows: tokens times a price. It is the starting point, not something anyone has offered you, and a coin can show a price and still be hard to sell. See liquidity.
2. The exchange spread
Selling at once means selling at the best bid, which sits below the price shown. The gap between the bid and the ask is the spread, and on a simple buy-and-sell app it is often built into the quote rather than listed as a fee.
Where it is measured. For a coin traded on large exchanges, its coin page reads the public order books, and that exit figure includes the spread; for a token traded in on-chain pools, its exit page under /exit does the same against the pools. After a sale, the Fair Price Check compares what an app paid you with the market at that moment. A spread you assume is a guess, not a measurement.
3. The trading fee
The venue's charge for the trade, usually a percentage. Many venues charge makers and takers differently, and a sale that fills at once usually pays the higher, taker rate.
Where it is measured. Nowhere on this site, and that is deliberate: our exit figures are before trading fees, because the fee depends on your account and the venue's schedule (methodology). Read it from the venue's own fee schedule, or from the confirmation screen before you submit. A rate remembered from somewhere is a guess, not a measurement.
4. Price impact and slippage
A sale large enough to use up the best bids fills the rest at lower prices; in a pool, every unit sold moves the price against the next one. That is price impact, and it grows with the size of the position against the market. Slippage is the further move while the trade waits to be confirmed. This is the cost a displayed value hides most completely.
Where it is measured. Sellability quotes a real exit for the position you name, at your size. Each token's exit page under /exit, and each coin page, shows the daily measurement at one fixed size. The Wallet Exit Report does the same for every token in a wallet. All three are estimates, not fills: the price moves while you sell. A percentage typed in from memory is a guess, not a measurement.
5. The network or withdrawal fee
Moving coins costs something. On-chain, it is gas, paid in the chain's own coin and set by how busy the network is, not by the amount moved; a wallet holding a token but none of that coin cannot move the token at all. Off an exchange, it is the withdrawal fee, and sending cash on to a bank can carry one more.
Where it is measured. Not here: our quotes leave gas out (methodology). Read the fee on the wallet's confirmation screen, or on the exchange's withdrawal page, at the time you send. Last month's fee is a guess, not a measurement.
6. What is left
- Every figure came from a measurement or a quote, or is marked as a guess.
- The price impact was read at my size, not at somebody else's.
- I know which market I would actually sell into, and that I can use it: an account, identity checks cleared, my country permitted, and the tokens already there.
- I have written down what I would receive before deciding anything, not after.
Taxes are separate and not covered here. A sale can be a taxable event, and this sheet does not estimate any tax or give tax advice.
This sheet is educational and is not financial advice. It works out what a sale would return; it does not say whether to sell. See the full disclaimer.
Educational content, not financial advice. This worksheet structures a decision; it does not make one, and nothing in it is a recommendation to buy anything. We are not a broker, exchange, custodian or adviser, and we never take custody of your assets. We will never ask for a seed phrase or private key. See the full disclaimer.