Purchases of an ICO need to be added into Coinpanda to give you accurate tax information.
Buying into an ICO is essentially the same as making a cryptocurrency trade through an exchange where you are trading one coin for another. Therefore, you should add these transactions into our generic Excel file and upload the file to Coinpanda.
For example, lets say you sent 5 ETH to a wallet address and in turn received 2,000 ICX coins for their ICO. You would then add this into the generic Excel file this way:
- 5 ETH as the coin sold/sent
- 2,000 ICX as the coin bought/received
Then save the file and upload it to Coinpanda.