Coinbase API: Negative balance of fiat (USD, AUD, GBP)
planned
Jacob
Merged in a post:
Coinbase wallet: Calculated balance in EUR is wrong
M
Magnificent Turtle
I hava a coinbase wallet with 15 transactions. This wallet is empty since 2021.
However, koinly reports:
Asset: EUR
Calculated Balance: -450
Reported Balance: 0.0
Difference: -450
I think I have an easy case to reproduce to find out the bug.
> ---
> Wallet: Coinbase (Coinbase)
> Transactions: 15
> Imported with: API
X
Xylophone gold Tyrannosaurus
The balance
does
seem to be impacting calculations. The "This API has certain limitations: No fiat part for direct buys/sells" happened -- and now there is a massive "calculated balance" number and zero "reported balance." Changing the API settings to "Ignore reported balance" doesn't change this. Neither does uploading a .csv of the entire transaction history. And this is for the API that is the Coinbase exchange, which I assume covers all wallets on the app as well (is that correct)?Z
Zinc Jay
Can we get an update for this issue? Coinbase's Reported USD is correct. But Koinly Calculated showing drastic negative USD for Coinbase.
U
Uniform Narwhal
Koinly should be including accurate balances of FIAT as well. We shouldn't need to double manage our portfolios and tax details separately as it's additional work to maintain synchrony.
Arty
Merged in a post:
Coinbase Fiat (USD) Not Showing In Dashboard
V
Venetian yellow Ptarmigan
Fiat deposits/transactions as well as the ledger to show Balance of an item in the wallet shows up on Koinly, but the Dashboard doesn't reflect any Fiat being in my accounts/wallets.
This could possibly be because the Fiat in my Coinbase account isn't "available", as it's reserved by limit orders that are set. However, the Fiat should still who up on the Dashboard.
Jack
Merged in a post:
Coinbase API: Wrong reported USD balance
P
Precise Peafowl
In this particular example, the issue happens with the USD balance only. As seen from the attached screenshots, the calculated balance seems to be correct while the reported one is wrong. USD wasn’t moved to any other wallet within Coinbase either.
No other issues in the wallet were found.
H
Handsome Penguin
Yes although it does not impact tax calculations it does cast a doubt on the tracking done by Koinly app and I dont want to send account details to income tax with a 'manual' adjustment to FIAT. I really like the Koinly app, would be good to fix this. BTW works on 2 of your competitors fine.. :)
H
Handsome Penguin
Also when creating a new wallet from CSV it show yet another balance on EUR FIAT.. at least I would have expected a 'consistent error'.. in API case it shows a negative balance, in CSV case it shows a positive balance, the real balance is ZERO.
A
Amazing Chipmunk
I think it is important, in order to appreciate the significance of this issue, so point out that these FIAT imbalances frequently, if not always for Coinbase, arise because the Coinbase API is not capturing FIAT deposits made via Credit/Debit cards.
It is doubly concerning that earlier versions of the API, first did not capture such deposits, then a version came along which did capture them, then the situation reverted, and the latest API again fails to capture these deposits.
It is concerning when a problem appears to be fixed, and then the situation regresses!
C
Citrine Nightingale
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