A cryptocurrency transfer is the process of sending digital currencies, such as Bitcoin or Ethereum, from one digital wallet to another over a blockchain network. Unlike traditional bank transfers, cryptocurrency transfers do not require intermediaries like banks, making transactions faster and often less expensive. However, the pseudonymous nature of these transfers can make them harder to trace, which is why they are sometimes used for illicit activities. Despite this, cryptocurrency transfers are widely used for legitimate purposes, including online purchases, investments, and international remittances.