Article Summary
Learn how cash and bitcoin transfers between your River accounts work, their limits, and ForceField effects.
A cash or bitcoin transfer lets you move funds from one of your River accounts to another. This is useful if you hold multiple accounts and want to reorganize the funds flowing between them. Common examples include having both an individual account and a business account, or having several individual accounts.
- How do cash or bitcoin transfers between accounts work?
- How do transfers between accounts affect my bitcoin lots?
- When are cash or bitcoin transfers between accounts useful?
- What are the limits for cash or bitcoin transfers between accounts?
- Does ForceField affect cash or bitcoin transfers between accounts?
How do cash or bitcoin transfers between accounts work?
You can transfer cash that's available to withdraw, or bitcoin that's available to send, from one of your accounts to another.
How do transfers between accounts affect my bitcoin lots?
Each bitcoin lot keeps its recorded cost basis and acquisition date. Lots from bitcoin you deposited can still be edited on river.com after a transfer, while lots from bitcoin you bought on River can't be edited.
Statements and CSV activity exports show the transfer but don't list each lot's cost basis. If you later sell the bitcoin, the carried-over cost basis is used to calculate your gain or loss.
When are cash or bitcoin transfers between accounts useful?
A cash or bitcoin transfer between accounts can be helpful any time you want to:
- Consolidate funds from one account into another (for example, before a large purchase)
- Move cash or bitcoin out of a business account into a personal account, or vice versa
- Organize bitcoin holdings across multiple individual accounts
What are the limits for cash or bitcoin transfers between accounts?
For cash, the minimum transfer amount is $0.01, and there's no maximum, so you can transfer up to your full withdrawable balance. For bitcoin, the minimum transfer amount is 10,000 satoshis. If your available-to-send balance is below 10,000 sats, you'll need to transfer your full remaining balance. There's no maximum for bitcoin either, so you can transfer up to your full available-to-send balance.
You can make up to 100 cash and bitcoin transfers combined in a 24-hour period.
Does ForceField affect cash or bitcoin transfers between accounts?
If you have ForceField enabled, both cash and bitcoin transfers consume the ForceField limit of the account the funds are coming from. If the originating account does not have ForceField enabled, the transfer has no ForceField implications, regardless of whether the receiving account has ForceField.