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How can I record a coin swap in Delta?
How can I record a coin swap in Delta?

For example, how to record a VeChain VEN to VET swap.

Advait avatar
Written by Advait
Updated over a week ago

How do I record a coin swap in Delta? Here is what we recommend you do to reconcile data in your portfolio with any swaps, such as VEN to VET.

Simple sell for 0 value

  • SELL the old coin (VEN) at a price of 0.

  • Enter a BUY of the new coin (VET) at a price of 0.

  • This method is simplest and recommended if you are not concerned with keeping the same profit & loss values for VET that you had for VEN and registering a realized loss for VEN and starting VET with a cost basis of zero.

Sell for the current price

  • Enter a SELL of all your VEN for the current market price (or price at the time of swap)

  • Enter a BUY of VET at the current market price or price (or price at the time of swap)

  • Essentially, this pair of buy and sell behaves as a VET / VEN buy. This method is recommended if, from your perspective, the swap can be recorded as an indirect VET / VEN trade.

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