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Coinbase Pro to Coinbase transfers are not being auto merged and instead show as send/receive with gains and losses.
Jessica
When moving my assets from my Coinbase Pro account to my Coinbase account I've noticed that the transactions are no longer auto merged, meaning they don't show as a transfer but instead as 2 separate deposit/withdrawl transactions with associated profits and losses.
This issue did not start happening until recently it seems. I wonder if it has to do with the deposit showing up before the withdrawl.
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P
Petur
Merged in a post:
Coinbase Pro withdrawls not working
Bo
When I withdraw from Coinbase Pro, I get a "Send" transaction from Pro -> Coinbase but no transaction from Coinbase -> Wallet.
This is causing all of my withdrawls to appear as sends + deposits instead of transfers.
I have tried doing a full sync from beginning but it doesn't seem to solve the issue.
Jessica
I believe this issue was resolved as part of the fix for https://feedback.koinly.io/bug-reports-public/p/coinbase-advanced-trading-not-imported-correctyl
I had to completely delete my coinbase wallet and reimport to fix the issues. Simply syncing from the beginning did not correct it.
Thanks for the fix!
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b
boo not yet fixed for me. Fiat and crypto transfer still just sends and deposits. I've tried Jessica's tip of recreating the wallets but to no avail.
CB is API, CBpro is csv
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Tami
Additional information "starting in 2022 all USD Deposits into Coinbase Pro are now showing as a Deposit from my bank into Coinbase and a Withdrawal from Coinbase to Coinbase Pro. In 2021 these showed as a Deposit into Coinbase and a Transfer from Coinbase to Coinbase Pro."
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Bugfinder
Same problem, after importing the CSVs for Coinbase (Reports -> Transaction History, not Settings -> Privacy, because that takes days to get) and Coinbase Pro. While the Coinbase Pro "Account" export does include deposits from Coinbase, their counterparty is not marked as Coinbase, and Coinbase does NOT export transfers to Coinbase Pro. So there might be no way to match these up if importing from CSVs.
In that case, CSV imports should be prominently discouraged.
Jessica
Bugfinder: I'm using the API and having the issue also.
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x
Yep same thing happened to me today. Moving ADA from Coinbase Pro to Coinbase appears in Koinly as two items - a withdrawal and a deposit, rather than a single non-taxable internal transfer. Similar to Jessica I don't remember seeing this last year, and I can see a correctly flagged transaction in November.
Appreciate I can merge manually, but to be honest I'm wary of making this a habit - I assume all the merging I will be lost if I ever need to delete/recreate a wallet (trying to solve a syncing problem for example). This would mean months, or maybe years worths of transactions need to be manually merged. Or worse I forget and the tax calcs are wrong. yikes.
Koinly does a great job in flagging portfolio to portfolio transfers on CBPro as internal transfers. It would be great to see this work for CBPro to Coinbase asset movements too.
Thanks for all the hard work. A big fan of Koinly in general :)
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Chris
I was able to fix this by manually merging the 2 transactions (the CB Pro out and the wallet in). Seems to work fine after that.
Bo
Chris: Yeah, but it should be automatic. I have a lot of withdrawals and I don't want to have some manual error on accident. Plus then I have to remember every time I withdraw from Coinbase to manually fixup the transactions, and if I forget I might not remember later