How to Import BNB Chain NFTs Automatically with Accointing
Accointing’s platform now supports automatic imports of your BNB Smart Chain NFTs. Read on for a step-by-step guide on how this feature works, or watch our video tutorial instead.
Last Updated: Jun 1, 2023
1. Sign-in to your account.
2. Navigate to the Wallets tab and click on ‘Add new’. Select BNB Smart Chain on the next screen.
3. Choose the ‘Recommended’ automatic import option.
4. Paste your wallet address and hit 'Save'.
The following screen will show you the balance of your wallet. You’ll have the chance to review your data for accuracy. Once you’re ready, click on ‘Done’. The wallet upload shouldn’t take longer than a few minutes.
5. As soon as the wallet is imported, you’ll see your NFTs alongside any other coins that you have in this wallet.
Because Accointing can map and connect the outgoing transaction to the inbound transaction of the NFT and, therefore, pull the cost basis accordingly, the Accointing platform will accurately display the price that you have paid for these NFTs.
Why is the NFT Price Shown as Zero?
If you notice an NFT in your list without an assigned cost basis, this means that it was purchased using another wallet or sent internally to this address. The shown price on these will be zero.
To change this, you can head to the Transactions tab and locate the transaction you're looking for. You’ll notice that it shows a warning for missing price data. You can amend this by clicking “Add value”.
Click on the ‘Edit’ button on the right-hand side to assign a dollar value in the amount of the price you paid for this NFT. Click ‘Save,’ and you’re done. The platform will calculate everything from there for you.
If you have any questions on NFT taxes or the taxation of crypto in general, check out our regularly updated crypto tax guide written by our tax experts.