Describe the problem:
Importing Binance transactions results in huge discrepancies between what’s reported by the API (accurately) and what is calculated by Koinly.
Which exchange/wallet is this regarding?
How did you import data into this wallet?
I’ve tried API only, ALL tx import via csv (Overview> Generate all reports) and a mix of both.
What have you tried to fix this so far?
As per the above, using bot API and the all tx csv and Much Much elbow grease -spent weeks with no proper results.
I have a few questions for the community, since Koinly Support is clearly understaffed and overwhelmed.
BTW, I am filing Canadian taxes - should anyone be well versed in filing Canadian taxes using Koinly - please DM me. I am running out of time and still have key questions to be answered. I am clearly going to have to file as business income.
- Binance MARGIN trading - when I signed up for Koinly I did knowing that margin trading IS fully supported - that’s a joke - it is not, which you now probably know.
QUESTION: how are you dealing with Binance margin transactions?
I tried both the API (which does not import margin tx at all) and ALL tx csv import. The latter brings everything in (including lots of dups). The main problem with this csv is that it is organized as buy/sell or in/out log, as opposed to a full tx (with both parts of a trade for example. And Koinly does NOT do any merging of operations, so a trade is seen as a deposit and a withdrawal. This is applicable to spot as well. But when it comes to margin, things get out of control due to the loan and repay components as well. And Koinly seems to lose track and end up with silly balances.
How do YOU track margin trades in your Koinly tax returns?
- Do any of you have a bullet proof solution to tracking Binance spot + margin tx in Koinly, ending up with NO errors/ big gaps?