1. Navigate to Crypto > Coins
2. Add Coin
There are a couple options when adding a coin depending on the type of coin being added.
- If the coin you are adding is an exchange traded coin, click Add Coin.
- If the coin you are adding is private or not yet exchange traded click Add Custom Coin. Or you need to account for the same coin in multiple ways. (i.e. Some of your BTC are an asset and some need to be tracked as a liability). For more questions on this contact our support team.
- If the coin you are adding is actually a fiat currency(USD/JPY/EUR), click Add Fiat.
2a. Add Coin
To add an exchange traded coin, click Add Coin. Type to filter from the list, then select the coin you wish to add and click SUBMIT.
2b. Add Custom Coin
To add a private, non-exchange traded, or duplicate coin, click Add Custom Coin.
Note the warning present. If you don't provide a valid Rate Symbol, SoftLedger is unable to automatically determine fiat rates for custom coins, so when you create a transaction using a custom coin you must enter the fiat exchange rate manually.
The following fields are available:
Symbol - This must be unique
Rate Symbol - Optionally use this coin symbol to pull coin spot rates(rPrice/sPrice/fPrice).
Name - The name of the coin
Once the coin is created, four Ledger Accounts are created automatically as well
185xxx - Crypto Asset - This account will hold the balance of the coins in your possession
685xxx - Crypto Transaction Fee - This account will hold the balance of transaction fees paid using this coin
98xxxx - Crypto Short-Term Realized Gain/Loss - This account will hold the balance of the Short-Term Gains and/or Losses as a result of your coin transactions
985xxx - Crypto Long-Term Realized Gain/Loss - This account will hold the balance of the Long-Term Gains and/or Losses as a result of your coin transactions
Here is an example of the Ledger Accounts created when adding Ethereum as an asset.