Coinbase

RMBullington

Error: Doubling the value of the account.
System: Windows, Quicken R63.21
Process: I select Coinbase from List of Institutions and am redirected to sign into Coinbase through web interface tool. I do so and Quicken sets up the account in my profile at twice the value of the account in reality. So, for example, if I have $500 cash - Quicken demonstrates $1000. In that no details can be captured, and thus redundant data deleted - how do we resolve this?

Tom Young

I've never attempted to hook Quicken to Coinbase so I've not gone through the process, but some questions anyway.

Are you setting up this Account in Quicken for the first time, or trying to connect an existing Quicken Account that you've been maintaining manually?

I'm not really sure what you're saying here "Quicken sets up the account in my profile at twice the value of the account in reality."

I have a manual Coinbase Account in Quicken that has Bitcoin, Ethereum, and USDC and I'd expect that if I did connect that Account to Coinbase what I'd receive are a bunch of transactions - going back as far as Coinbase allows - sitting in the "Download" window. The numbers at the bottom of the Transaction List - Securities Value, Cash - should be unchanged until and unless I begin accepting real "new" transactions from the Download box. I'd expect that would be the pattern with an actual new Account. In either case I'd have transactions to look at to determine what's going on. Are you using Simple Investing and allowing automatic entry into the Transaction List.

I'm just not sure about that "Quicken set up" statement.

Maybe you can provide more detail, maybe some screen shots?