Binance - Coin Exchange uses incorrect costs

** Describe the problem **

Hello

I recently used Binance to trade 0.00382145 BTC to 115 GRT (The Graph Tokens). The transaction comes up on Koinly using the wrong cost in dollars for the bitcoin. The transaction shows that the Bitcoin cost only $30 and the GRT is worth $297 (AUD) making it a capital gains of $250 or so! This is completely wrong as the BTC cost me almost exactly the same as the GRT ($290-$300) so there should hardly be any CGT at all.

Which exchange/wallet is this regarding?
Binance

How did you import data into this wallet?
Auto-sync

What have you tried to fix this so far?
I’ve had to delete the auto-sync transactions and input a manual transaction using dollars instead of BTC i.e. i pretended I bought the 115 GRT using $290 AUD instead of the true purchase using Bitcoin. This gives a more accurate CGT.

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.