ERC-721 support

Koinly Support
#1

Currently all ERC-721 / NFTs / Non-fungible-tokens are interpreted the wrong way as fungible ERC-20 tokens in Koinly. The unique token ID is used mistakenly as the token quantity/amount, which leads to wrong calculations of capital gains, income transactions cannot be edited / selected as such.

Examples for tokens in my wallets are MKT2, KODA, SUPR, CVPA.

The solution could be to identify the token based on the standard and use the unique token ID as the unique token id. The value at purchase / creation serves then correctly as the cost base once sold / traded.

Please advise.

2 Likes
#3

Did you sort this out? I’m having similar problems, two NFT purchases are reporting £900 gains when I purchased an NFT costing 1 Eth. Surely if you buy an NFT for 1 Eth with 1 Eth there should be no capital gains and even if there was not £900 lol

#2

Hi, please email [email protected] with some transaction hashes involving these transactions and we can look into this. We dont currently have a price feed for these coins so it would still require manual work to get this in correctly.