Since I only traded on Coinbase Pro, Binance and LocalBitcoins exchanges (this is where buys and sells are carried out) why is there a need to input MyEtherWallet, Ledger Nano and other ‘storage’ wallets? I mean, if you deleted a wallet on your ledger Nano some time back because you that stopped using that wallet are you screwed forever in terms of being able to tax calculate? Sorry if this is a dumb question.
You add non-exchange wallets so that tokens sent to/from them are recorded as transfers with no gains. It also ensures that when you look at the dashboard, you can see where everything is located. Some wallets are likely to be old, never to be used again, but that doesn’t matter, you leave them on koinly for the historical record and cost basis history.
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