Nexo swaps cost basis incorrect

Koinly Support
1

Describe the problem:

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It’s saying my cost basis for USDC stable coin swaps are pennies on the dollar which is why it’s saying I’m profiting hundreds of dollars when all I’m doing is swapping USDC for coins like bitcoin or ethereum. At no point was USDC worth $.10 cents.

I’ve already deleted and then reuploaded the NEXO csv and that actually inflated my capital gains by $9000 which made it worse.

Which exchange/wallet is this regarding?
Nexo

How did you import data into this wallet?
CSV

Wallet: Nexo (Nexo)
Transactions: 544
Imported with: CSV

  1. No airdrops/forks found
  2. No trades found
  3. 11 transactions are missing purchase history
    ---- Missing 1.72881902 BNB between 2021-10-19 18:29:27 UTC and 2021-12-01 22:57:09 UTC
    ---- Missing 0.26040497 ETH on 2021-11-08 17:15:41 UTC
    ---- Missing 59.20150035 ADA on 2021-11-06 17:20:59 UTC
2

Super interested about this, also happened to me

3

Same problem here – please fix!

4

I have a problem importing from Nexo as well. I sell my crypto interest for USD but it shows up in Koinly as Loan interest. Shouldn’t any earned crypto interest be a cost basis of zero and then be a gain when it’s sold for USD?

5

It appears that the format of the Nexo export changed a couple of months ago. One thing I did notice was that exchanging fiat to crypto did not deduct the fiat balance from Nexo so I had to manually change each fiat purchase to a trade, which then translated to a buy.

I have also noticed that by cost basis is too high showing a loss on some cryptos that I am actually in profit. I did the same as the poster by deleting a re-imported my transactions.

I think Koinly needs to look at the import process for Nexo following Nexo’s format change.