How Do I Record a Transfer Between Crypto Exchanges or Wallets?
Learn how to seamlessly track the movement of your cryptocurrencies between your various exchange accounts and personal wallets.
When you move your cryptocurrency from one location to another—such as sending Bitcoin from Binance to your personal hardware wallet—your total amount of that asset doesn't change, but its location does. In Delta, recording this as a "Transfer" ensures that your overall holdings and cost basis remain perfectly accurate. A standard transfer between your own accounts is treated as an internal move with zero impact on your overall portfolio totals.
Here is how you can correctly record transfers in your portfolio, as well as how to manage transfers that are imported automatically.
Manually Adding a Transfer
If you are tracking your portfolio manually and need to record a transfer, follow these simple steps:
Tap the "+" button on your portfolio screen and select "Add Manual Transaction".
Select "Crypto" and search for the specific coin you are transferring.
On the transaction screen, select the 'Transfer' option at the top (instead of Buy or Sell).
In the 'Sent/Received From' field, select the origin of the funds (such as a specific exchange or 'My Wallet').
In the 'Sent To' field, select the destination (another exchange or 'My Wallet').
Enter the amount you transferred and any applicable transfer fees, then tap "Add transaction" to save.
Understanding Transfer Fees
When recording a transfer, it is highly important to include the network or withdrawal fee if one was applied. If the transfer fee was paid using the exact same asset you are transferring, Delta will automatically decrease your total holdings by the fee amount.
For the purpose of your advanced calculations, Delta treats this fee as a partial sell. This means the fee will proportionally decrease your cost basis for that asset, and the value of the fee will be factored into your realized profit and loss metrics.
Fixing Automatically Imported Transfers
If you have connected your exchanges or wallets to Delta via an API connection, the app will automatically import your transaction history. However, if you only have one side of the transfer connected to Delta (for example, you connected the receiving exchange but not the sending wallet), Delta will only see half of the puzzle. As a result, the app might import the transfer as a standard "Deposit" or "Withdrawal" from an unknown source, rather than recognizing it as an internal transfer.
This can sometimes cause your total portfolio balance to be incorrect or your profit to display unusually high, as the app might think you acquired brand-new coins out of nowhere.
To fix this, you simply need to manually edit the imported deposit or withdrawal entry. Open the transaction details and change the source or destination from "Other/Unknown" to the specific "Exchange" or "Wallet". This tells Delta that the funds were just moved from another one of your own accounts, successfully transforming the standalone deposit/withdrawal into a proper 'Transfer' and instantly correcting your balances.