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FR πŸ‡«πŸ‡· – Withdrawal labels

Meaning of the withdrawal labels on Waltio

Updated over a week ago

Hi there πŸ‘‹

Properly labelling your transactions allows you to comply with the tax authorities' requirement, which request to justify any outgoing cryptocurrency flows. It also ensures that these outflows are properly taken into account in the calculation of capital gains.

The choice of label impacts deeply the calculation of your capital gains or losses. Only use labels if you are confident about theirs respective impacts.

πŸ’‘ We highly recommend running an initial analysis before labelling one or more β€œWithdrawal” transactions because not all withdrawals should be labelled. Only withdrawals with warnings must be.

πŸ‘‰ To label a transaction in our tool, follow this tutorial.

πŸ‘‰ To choose the right label from your withdrawals to label, follow this tutorial.

πŸͺ§ Here is a summary table of the labels and their fiscal impact in our tool:

Withdrawal label

Does the label make the transaction taxable?

Does the labelled transaction impact the value of the wallet?


Yes πŸ’°

Yes βœ… Reduces β†˜οΈ

Add staking

Add collateral

No ❌

No ❌

CFD loss

Hack or loss

Other loss



Add liquidity

Other withdrawal

Transfer between accounts





No ❌

Yes βœ… Reduces β†˜οΈ

πŸ’‘ Here's an example to understand the chart: You make a cryptocurrency donation. On the withdrawal transaction, you apply the label β€œDonation”: This withdrawal decreases the value of your portfolio and the transaction is not a taxable transfer.

The use cases for each label are explained in this article πŸ‘ˆ

πŸ‘‰ To fully understand the difference between these labels and the old Waltio labels, please follow this article.

If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! πŸ’¬

The Waltio Team

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