When using swap, how does Celsius determine cost basis? I’ve

Question

When using swap, how does Celsius determine cost basis? I’ve

been wanting to use strike to purchases BTC and transfer into Celsius for free then swap into USDC, but don’t want the coins being swapped to be all the way from last year and show I profited

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04.03.2022

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Matt Автор вопроса

RobCryptoUK
The swap rates are determined by the market (not b...

That’s not what I’m asking. I’m asking if they operate on a FIFO or LIFO basis when swapping.

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04.03.2022

RobCryptoUK · Accepted Answer

RobCryptoUK

The swap rates are determined by the market (not by Celsius). Celsius has access to large (and deep) liquidity pools which is essentially what we as tiny investors are accessing through the Celsius swap function.

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04.03.2022

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When using swap, how does Celsius determine cost basis? I’ve

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