Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
Sprucemoose78
on 14/04/2021, 19:38:42 UTC
Quick question on the correct input when transferring FIAT between my bank and a crypto exchange.

I want to transfer EUR from Binance to my Norwegian bank account (currency is NOK). Which one of the following methods are correct:

A) First make a transfer in EUR from Binance (outgoing) to bank (incoming), then make a trade from EUR to NOK using my bank as the exchange (then I will end up with three lines under "Enter coins": A withdrawal, a deposit and a trade).

or

B) Make a withdrawal from Binance in EUR and a deposit in NOK to my bank (resulting in only two lines under "Enter coins": A withdrawal and a deposit)