A transfer occurs when a user moves an asset between two wallets or accounts they personally own.
While the value and price of the asset remain unchanged, its location is the only thing that changes.
Since ownership doesn’t change and no sale takes place, no profit or loss is generated from the transactions that make up the transfer.
Example:
Bob holds 5 BTC in his Kraken account
For security reasons, Bob decides to transfer the BTC to a cold wallet
Bob's balance remains 5 BTC, only the location of the asset has changed
A transfer consists of two linked transactions: one outgoing and one incoming, involving the same asset, for the same amount, and occurring within a short time frame.
Example:
Bob withdraws 5BTC from his Kraken account on 20 August 2025 at 3.31pm (withdrawal/outgoing transaction)
Bob deposits 5BTC on his hard wallet on 20 August 2025 at 3.32pm (deposit/ingoing transaction)
Here's how the tranfer would appear on CryptoBooks
