Third Party Crypto Deposit

Hello everyone, my crypto purchases via simplex and moonpay are displayed as deposits. Is this correct or does it need to be changed manually so that it fits for the tax report in Germany?

Hey @Jannis1201

This is fine - a Deposit transaction in Koinly is a buy/investment of assets at market value with FIAT.

No need to change anything, unless your accountant wants you to show it as FIAT > CRYPTO :slight_smile:

1 Like

Thank you for your answer. The first sentence reassured me. I thought I would have to adjust every transaction via third-party providers.

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.