Each of your trading account is linked to an exchange, a blockchain or a crypto wallet. Think of a trading account in CHAINOMETRY as the same as a trading account at your exchange or wallet, like your Ledger wallet. Give it a name that reflects the name of the account at your exchange or wallet. You will need to select the exchange or blockchain and some other details which is relevant to generating reports:

• Exchange Fiat: This is the currency that will be used to convert all realisations (profits or losses from a trade) and fees. This must be a currency supported by the exchange and the currency you want shown on your reports. It must be either a fiat currency or a cypro-currency that is tied to a fiat currency like tether (USDT)
• Convert Currency: Realisations and fees that are in the 'Exchange Fiat' currency (e.g. USD or USDT) can be converted into another currency which is not supported by the exchange but is relevant to your country. For example if the exchange doesn't support your business or county's exchange rate (e.g. Bitfinex doesn't support AUD), you can nominate an exchange rate to view realisations and fees (e.g. USDAUD).
• Financial Period: When producing reports, it's handy to prepare the data in financial periods especially for tax reporting purposes. Nominate the start and end periods of the financial period as it relates to your country.

Add Trading Account