When transferring between accounts, it is important to carry the cost basis. So that when you dispose of your cryptocurrency by converting to some other asset such as the US dollar, you can accurately calculate your gain or loss.
The ability to track and carry cost basis with a high degree of precision is what sets NODE40 apart from the competition. NODE40 Balance is exactly what you need when it's time to calculate your crypto currency tax liability.
In the video below, we’ll focus on how NODE40 calculates your gains and losses when you move assets between accounts. This is a pretty common occurrence as most people operate on multiple exchanges and have multiple wallets.