Describe the problem:
The bitpanda exchange has Cryptos, Metals, and now index funds. The API works only for cryptos
The CSV does not work because you have to edit alot, as you don’t do metals, they have to be removed, because of index funds the crypto trades are miss calculated, and the fee captures on transactions are not accurate. Resulting in too much editing work by end user on this platform
Which exchange/wallet is this regarding?
Bitpanda and bitpanda pro
How did you import data into this wallet?
Both API and CSV
What have you tried to fix this so far?
Looking at other companies to manage this.
We will be improving the Bitpanda Pro integration soon to handle deposits/withdrawals. Please email support@koinly.io if you would like us to look into index funds as well.
Hello, I have found an issue & solution regarding the parsing of Bitpanda Crypto Index transactions.
Once a month there is a rebalancing happening for Index owners. This rebalancing is taxed. In some situations (I think it depends on the user’s setting), the tax is paid in BEST tokens.
Now, as part of the rebalancing, a few buy & sell operations will occur. Here is where the bug is: Koinly shows each buy/sell operations as being taxed with the tax that was applied for the full rebalancing. So if there are 5 buy/sell operations, Koinly will show a tax for each, reaching a 5x tax total, which is wrong.
When I look at the CSV from Bitpanda, there is a separate tax transaction for each buy/sell transaction from the rebalancing. When paid in BEST, these tax transactions are shown as having 0 BEST amount, and a corresponding tax. The sum of the tax values from these transactions is our correct tax for the full rebalancing (which, when using the Bitpanda API, Koinly is “5x”-ing).
Example of 5 buy/sell transactions that are part of a rebalancing:
