FEATURE MISSING IN KOINLY: Calculation of how much money I transferred from my bank account to the Exchange in any way (bank transfer, visa card, and so on).
B
Bronze Sturgeon
Today there is no way to know in Koinly, in a smart way, how much money I transferred from my bank account to each Exchange (where I have my wallet(s)) in any way (bank transfer, visa card, and so on) for whatever purpose (transferring money in the FIAT wallet of the Exchange, buying a cryptocurrency using a VISA card, and so on). In fact, today, what Koinly displays under the filter TRADE: Fiat > Crypto is the FIAT amount that I used to buy a particular crypto. This FIAT amount could be taken from the FIAT wallet of the Exchange (Binance, Crypto.com, etc) or from the bank account (through VISA card for example). This means that, in the first case (withdraw from the FIAT wallet), this transaction shouldn’t be considered to calculate "how much money I transferred from my bank account to the Exchange”. In fact let’s suppose that I could have done the following transactions in sequence:
1) I transferred 1000 EUR from my bank account in the FIAT wallet of the Exchange (through bank transfer);
2) I used 100 EUR of the above 1000 EUR to buy a cryptocurrency (bitcoin for example);
This means that what I withdrew from my bank account was 1000 EUR in total and not (1000 + 100 EUR = 1100 EUR) like the filter TRADE: Fiat > Crypto of Koinly reports not correctly (because it shows both transactions above without indicating which of them requested a withdraw from my bank account!). In fact an investor can do many transactions that belongs to the cases above listed (points 1) and 2) ) but Koinly can't distinguish between them, calculating correctly the amount of money that the investor took from his bank account to deposit in his FIAT wallet or to buy a cryptocurrency using FIAT currency present on his bank account (e.g through a VISA card). The only way that I have to know it accurately is to examine account report of my bank! Is it possibile to implement a feature (filter) in Koinly that calculates correctly how much money I transferred from my bank account to each Exchange (where I have my crypto wallets) specifying in which way (bank transfer, visa card, and so on) I did it? Thanks.
Luca
J
Jade Herring
I think this would be quite handy assuming it included the reverse. Currently I track fiat deposits into and exchange and out of the exchange by creating a separate "wallet" for each bank account involved and designate the transactions as transfers. ie. from a USD fiat account on Kraken to my USD bank account appears as a transfer, not a withdrawal. I need this so that the Koinly reports can amp into the accounting software we use. We do the same thing in the accounting software showing the Kraken fiat account as a bank account. I realize it would too much to ask to have APIs connect to the multitude of banks, but it would be helpful to be able to mark the "wallet" as a bank account, and not an actual wallet. Then the dashboard would not show huge amounts of "FIAT ON EXCHANGES" when it actually exited to bank accounts.
B
Bronze Sturgeon
When will we know if this feature will be implemented and when?
E
Eucalyptus Squid
I agree, this would be a great functionality bringing more order and clarity to the Crypto portfolio in general.
Z
Zaffre blue Iguana
Yes I'd like to see this too.