Phemex CSV Files

I have collected the required CSV files from Phemex and loaded them into koinly. However, there is a particular line in a set of the CSV files that I don’t understand what represents.

The header and subsequent lines for the Spot Wallet Funds History file might look like this

Time (UTC),Coin,Type,Change Amount,Balance
2021-01-01 08:00:58,BTC,Withdrawal,-0.00961566 BTC,0.00000000 BTC
2021-01-01 04:05:39,BTC,Convert,+0.00434885 BTC,0.00961566 BTC
2021-01-01 02:54:15,BTC,Transfer,+0.00526681 BTC,0.00526681 BTC

For Type, I see things like Transfer, Trade, Withdrawal, Deposit and Convert. What is Convert? Koinly is showing it as a taxable event. Phemex chat support was no help.

Many thanks to anyone who can help shed light on this for me.

Hello, I have the same issue. I could not manage to identify positions marked as “convert”. Phemex support pages neither give information about this. No idea how to know from which asset to which has been converted.