With the recent launch of VeChain (VET) our users have asked us how they can record coin swaps in Delta. Since there are multiple ways and not one perfect solution on how to track such swaps in a portfolio tracker, Delta will not automate / perform some sort of "swap" within the app. However, here are a few ways you can reconcile data in your portfolio with any swaps, such as VEN to VET.
Simple sell for 0 value
- SELL the VEN for 0 price
- Enter a BUY of VET for 0 price
- 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.
Sell for current price
- Enter a SELL of all your VEN for the current price (or price at time of swap)
- Enter a BUY of VET for current price or price at time of swap
- Essentially, this pair of buy and sell behaves as a VET / VEN buy. This method is recommended if in your perspective the swap can be recorded as an indirect VET / VEN trade.
Multiply all trade VEN values by 100
- Export a CSV of your portfolio (available via the desktop version).
- In a copy of the csv file, delete all lines but keep only those that correspond to VEN transactions. Keep a BACK-UP of this csv file before making following modifications!
- Multiply all VEN amounts by 100
- Replace VET (VeChain) instead of VEN (VeChain)
- Make sure you select an exchange that is supported for VET otherwise the app will give an error (recommended Binance).
- Import the CSV with the modified VET transactions. (Recommend importing into a new portfolio if PRO member to test).
- If VET transactions look okay and costs / proceeds from these transactions are similar (they will not be exactly equal), go to VEN in your portfolio and click "Remove from portfolio". Removing a coin from the portfolio deletes all its and any linked transactions and is irreversible!
- If you need to revert the above, just remove the VET from your portfolio and import the back-up mentioned above with the VEN trades.
- Note again, that removing coins from the portfolio is irreversible! These changes are also reflected in the back-up QR code which is a dynamic back-up and a snapshot. In short, having a back-up QR code will not help you recover deleted coins.
- This method is for those who want to keep the exact same transaction history and similar cost values but multiplied by 100 and VET instead of VEN.
It is up to you, to decide which method to use depending on your perspective, tax regulations and/or personal preference.