# USD cash withdrawal from crypto portfolio

**URL:** <https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751>\
**Category:** Koinly Support\
**Created:** [August 16, 2021, 12:52pm UTC](https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751 "2021-08-16T12:52:02Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![Werner\_Streich](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/werner_streich/32/647_2.png) [@Werner\_Streich](https://discuss.koinly.io/u/Werner_Streich)\
**Post date:** [August 16, 2021, 12:52pm UTC](https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751/1 "2021-08-16T12:52:02Z")

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I’ve withdrawn USD from my crypto portfolio back to my bank account and I looking for a process to add this type of transaction to my portfolio. Koinly only seems to offer to transfer funds into wallets. How do you withdraw/reduce funds from USD wallet?

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**Author:** ![SwissMister](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/swissmister/32/4185_2.png) [@SwissMister](https://discuss.koinly.io/u/SwissMister)\
**Post date:** [August 17, 2021, 12:27am UTC](https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751/2 "2021-08-17T00:27:57Z")

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**It depends on the exchange** : I personally found that Bittrex and Coinbase (Pro) reflect fiat-withdrawals via their respective APIs, and Koinly can import them automatically. On Binance US, on the other hand, I have to manually create a “Withdrawal” transaction whenever I pull out funds, because fiat withdrawals there are processed via a third-party clearinghouse/trust and do not show up on the API.

(As an alternative to tagging such transactions as “Withdrawals”, you could conceivably also create an empty custom wallet as a placeholder for your bank account(s) and then “Transfer” your fiat funds from any exchanges/crypto wallets into your quasi “fiat wallet”.)

I hope that helps!

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**Author:** ![chugsteruno](https://avatars.discourse-cdn.com/v4/letter/c/58f4c7/32.png) [@chugsteruno](https://discuss.koinly.io/u/chugsteruno)\
**Post date:** [August 17, 2021, 12:41am UTC](https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751/3 "2021-08-17T00:41:33Z")

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how do u create a quasi fiat wallet in koinly ? which option did u choose ? Am tired of adding manual withdrawal transactions bruh.

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**Author:** ![chugsteruno](https://avatars.discourse-cdn.com/v4/letter/c/58f4c7/32.png) [@chugsteruno](https://discuss.koinly.io/u/chugsteruno)\
**Post date:** [August 17, 2021, 11:18pm UTC](https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751/5 "2021-08-17T23:18:09Z")

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yeah i was aware of this option - except thought there a separate option called “fiat” lol which is my bad as a wallet is a wallet - with or without dough. good catch bruh.

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**Author:** ![SwissMister](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/swissmister/32/4185_2.png) [@SwissMister](https://discuss.koinly.io/u/SwissMister)\
**Post date:** [August 17, 2021, 10:46pm UTC](https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751/4 "2021-08-17T22:46:53Z")

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I know, I know… Ideally everything would happen automatically – but, assuming you don’t make fiat withdrawals with extreme frequency, I think having to add an occasional transaction manually isn’t the end of the world.

Anyway, here’s how you would add a manual wallet that you can use to account for fiat transfers/withdrawals:

1. Go the Wallets tab and click on “Add wallet / exchange”
2. Type whatever you want to name your wallet into the search bar; once Koinly doesn’t find a match, a blue “Create custom ‘[your name here]’ wallet?” link will appear.
3. Click on the above-mentioned link and choose “Create without data”.
4. You will now have an empty wallet that can be used to track fiat in/out transfers.

For an illustration of this process, see the second part of “Step 1” at the following link:  
[https://help.koinly.io/en/articles/3660679-getting-started-with-koinly](https://help.koinly.io/en/articles/3660679-getting-started-with-koinly)

Cheers – I hope this helps!

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**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\
**Post date:** [November 2, 2021, 1:48pm UTC](https://discuss.koinly.io/t/usd-cash-withdrawal-from-crypto-portfolio/6751/6 "2021-11-02T13:48:22Z")

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