This setting affects the way your transaction fees are handled i.e. when you transfer 1 BTC from Coinbase and receive 0.95 BTC on Coinbase, the 0.05 BTC fee can be taxed differently, you can read more about this on how fees are handled in Koinly on this blog post.
"Realize gains on transfer fees" Explained
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Written by Robin Singh
Updated over a week ago
Updated over a week ago