Adding NFT Transactions – Ledgible

NFTs (Non-Fungible Tokens) are a non-interchangeable unit of data stored on a blockchain. This data could be associated with photo, video or audio. NFT tracking isn’t done automatically on Ledgible, so tracking the activity will be best done manually.

NFTS on supported Chains (Eg. ETH)

If your NFT is on a website like Opensea and has a ETH address, you can simply add your ETH address by going to the wallet tab, selecting a standard wallet, naming your wallet and selecting ETH.

Once you have entered your ETH Address, your NFT amounts in ETH/USD will come across to Ledgible.

After users add their ERC20 token wallet address into Ledgible, Ledgible will search the blockchain for all transactions pertaining to the address. As Ledgible will be linked directly to the blockchain, running an account refresh will allow the software to pick up any transactions performed after the wallet address was imported into Ledgible.

To import your cryptocurrency wallet by wallet address:

• Log into your Ledgible account.
• Navigate to the Crypto Sources tab.
• Click Add Source on the top right-hand side.
• To add your transactions by wallet address, navigate to the Blockchain category, and click the desired asset. For the purposes of this example, we will be using Ethereum.
• On the page that opens, name your crypto source in the field at the top, the account ownership type below, and select Sync on-chain transactions to import your wallet by address.
• On the following page, leave Enter addresses selected, and paste your wallet address in the empty field. If you have multiple wallet address, paste the first one, and click +Address to create a new field to post the subsequent in.
• Verify the information displayed on the final page to make sure the data is being imported correctly.
• Click Create and your wallet will be imported into Ledgible.

Once your wallet is added, you can run an account refresh to display all the transactions imported from your new source. You can now proceed with adding other crypto sources, or if all of your transactions have been uploaded to Ledgible, you can review transaction exceptions and generate reports.

Manual Entries (NFTs on non-supported chains):

To add manual entries into Ledgible:

• Log into your Ledgible account.
• Navigate to the Transactions tab.
• Click Create Entry on the top right-hand side.
• On the page that opens, enter the date of your transaction, the time of the transaction, enter the timezone the transaction were performed in, and select the transaction type. Once you have selected the transaction type, on the same page, you can choose to add a categorization to certain types of transfers (for example, designating an incoming transaction as staking rewards). Lastly, select whether to add the transaction to an existing crypto source, or to create a new one by ticking the box at the bottom.
• On the following page, enter the currency symbol of the asset being transacted, the quantity of the asset, and choose your pricing method. Spot pricing means Ledgible will automatically retrieve the price of the asset at the time of the transaction, however if users know the price paid per unit, they can enter this by selecting Custom Pricing.
• On the final page, review the transaction information and confirm.