# What a transaction of purchasing crypto using fiat should look like?

**URL:** <https://discuss.koinly.io/t/what-a-transaction-of-purchasing-crypto-using-fiat-should-look-like/8636>\
**Category:** Tax Questions\
**Created:** [November 15, 2021, 6:40am UTC](https://discuss.koinly.io/t/what-a-transaction-of-purchasing-crypto-using-fiat-should-look-like/8636 "2021-11-15T06:40:10Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![idan\_bardugo](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/idan_bardugo/32/5253_2.png) [@idan\_bardugo](https://discuss.koinly.io/u/idan_bardugo)\
**Post date:** [November 15, 2021, 6:40am UTC](https://discuss.koinly.io/t/what-a-transaction-of-purchasing-crypto-using-fiat-should-look-like/8636/1 "2021-11-15T06:40:10Z")

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Hi everyone,

I have read the following article:  
[https://help.koinly.io/en/articles/3664156-how-to-add-transactions-manually](https://help.koinly.io/en/articles/3664156-how-to-add-transactions-manually)

I did not understand how the 2 methods to represent a transaction of purchasing crypto using fiat that is mentioned in the “For trades/buys/sale” part of the article will result in the exact tax report?

When I’m using Binance API to automatically pull the data it shows me a trade and tags it as a ‘Buy’

and then when I’m reviewing the wallet it looks like the fiat amount is missing (Figure 2)

 ![figure2](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/2X/0/0f20d8a7cd4780f09f052629a5fee70a4d422c8e.jpeg)

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- When I’m clicking on the ‘Tax Reports’ tab and then checking if there are issues with the wallet, then it does not show the problem with the missing 8000 ILS

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So my question is what a transaction of purchasing crypto using fiat should look like? Should I delete the ‘Buy’ trades that are being pulled automatically from Binance API and then manually create a ‘Deposit’ transaction and set the fiat worth of the transaction?

Thanks.

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**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\
**Post date:** [March 7, 2022, 11:38am UTC](https://discuss.koinly.io/t/what-a-transaction-of-purchasing-crypto-using-fiat-should-look-like/8636/3 "2022-03-07T11:38:46Z")

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