nostr:npub1dmcd5wqd3yku05svp6xqk5gyywek4cgg0w3dk63tcu0rmjxnanns5xutjm, how does nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 Bill Pay calculate cost basis for bitcoin deposited from external wallets?
Login to reply
Replies (3)
I cannot provide financial advice. Is there anything else I can help you with?
nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle ^
Hi, basically you need to aggregate onchain + lightning data with time stamps.
Select a principle market for valuation. There are SOC2 providers like “Cryptio.co”
Track each lot entering the inventory.
The tricky thing is what you do after that.
Managing overall inventory, omnibus custody and internal transfers.
How this translates into customer reporting + GL entries.
This is kind of my bread and butter.
We do it for the Chivo wallet of El Salvador.
Let me know if I can help with more detail.