# Earning profits even though i just withdraw coin to my private wallet **URL:** \ **Category:** Tax Questions\ **Created:** [February 21, 2021, 11:04pm UTC](https://discuss.koinly.io/t/earning-profits-even-though-i-just-withdraw-coin-to-my-private-wallet/2086 "2021-02-21T23:04:25Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Thong](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/thong/32/155_2.png) [@Thong](https://discuss.koinly.io/u/Thong)\ **Post date:** [February 21, 2021, 11:04pm UTC](https://discuss.koinly.io/t/earning-profits-even-though-i-just-withdraw-coin-to-my-private-wallet/2086/1 "2021-02-21T23:04:25Z")
Can anyone help me ti clarify my situation. If it turns out like that, i have to pay tax for just withdrawing my coins from exchanges back to my private wallet. ![high cost](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/2X/b/bfb643a345b3457e6cc0a8fea26e79879c6b490c.png) ---
**Author:** ![forest](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/forest/32/391_2.png) [@forest](https://discuss.koinly.io/u/forest)\ **Post date:** [February 22, 2021, 9:09pm UTC](https://discuss.koinly.io/t/earning-profits-even-though-i-just-withdraw-coin-to-my-private-wallet/2086/2 "2021-02-22T21:09:40Z")
You just have to make sure that koinly knows it is your wallet, i.e. add the address as a new wallet in koinly. ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\ **Post date:** [April 23, 2021, 9:10pm UTC](https://discuss.koinly.io/t/earning-profits-even-though-i-just-withdraw-coin-to-my-private-wallet/2086/3 "2021-04-23T21:10:30Z")
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