Coinbase Add USDC from Bank Not Automatically Adding USD | Bug reports (public)

Coinbase Add USDC from Bank Not Automatically Adding USD

complete

Driftwood Peacock

In Coinbase, when clicking "Deposit" and adding USDC from a bank account, Koinly imports it as a "Buy" from USD to USDC. Koinly does not import the depositing of USD, so the USD Balance shows a negative balance until the Deposit USD transaction is manually entered.

June 24, 2024

Jack

marked this post as

complete

We now import direct purchases like that as deposits (equivalent to acquisitions with fiat) - the worth of those deposits is taken directly from Coinbase's API so it matches exactly what you paid (establishing the cost basis of the asset this way)