All Transfers have profit/loss? How to fix this

Koinly Support
1

Describe the problem:
Isnt transfer supposed to not be taxable event? This profit/loss thing shows up a lot on many of my transfers, especially from CEX to decentralized wallets (ETH chain, BSC chain, Matic chain etc.)

Which exchange/wallet is this regarding?
Coinbase, Binance US, ETH chain etc.

How did you import data into this wallet?
API

What have you tried to fix this so far?
None

2

If you are paying a fee in crypto to make the transfer, this fee payment is a taxable transaction because you are disposing of crypto. You will have a taxable capital gain or allowable capital loss on the fee component of the transaction.

3

Ah ok that makes sense! thank you.