# Transfers

![](/files/9Mqj46l8Odl7InXHg7U4)

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A transfer is a movement of crypto between your own accounts and wallets.
{% endhint %}

## Tax Treatment of a Transfer

Transferring cryptocurrency tokens or coins between wallets or exchange accounts you own are nontaxable events as they are not dispositions of the token. These are considered as self-transfers and are like moving fiat from one bank account to another.

## Transfers in [Recap](https://recap.io/)

Recap treats all deposits and withdrawals as transfers between your own accounts. There is therefore no change in beneficial owner and no tax impact. That said there is often a fee associated with withdrawing funds which is technically a disposal for tax purposes. 

![Example transfer in Recap](/files/UFVeXi0GHNp7uDVWhNYo)


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