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SuiteWorld #3: The Debits and Credits of Crypto

The Accounting Podcast

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Using BitWave to Track Your Digital Assets and Cash Equivalents

Coinbase tracks all of your digital assets and cash equivalents. If you have a Coinbase account, we're going to track that in BitWave so that when you do that trade, it actually trades don't hit your book. For someone like if you are an open C, you probably don't care about NFTs at all. When an inventory changes hands, it's a direct user to user trade. You're somewhere in the mix there because you're getting a fee off of that. But then NFT never hits your wallet. It just applies to my bank account.

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