# transfers_enabled (/docs/hyperparameters/transfers-enabled)

Controls whether staked alpha on this subnet can be moved from one coldkey to
another. It matters to stakers who shift positions between their own wallets or
hand alpha to someone else without unstaking, and to subnet owners who would
rather see alpha change hands only through the pool.

## How it works [#how-it-works]

The flag lives in `TransferToggle` storage and defaults to **true**. It is
checked only on the coldkey-changing path:
[`transfer-stake`](/docs/tx/transfer-stake) validates it and fails with
`TransferDisallowed` when the toggle is off. Moving stake between hotkeys or
subnets under the *same* coldkey ([`move-stake`](/docs/tx/move-stake),
[`swap-stake`](/docs/tx/swap-stake)) never consults the flag, and neither does
ordinary staking or unstaking — disabling transfers does not trap anyone's
stake, it only pins it to its current coldkey.

For a cross-subnet transfer, **both** the origin and destination subnets must
have transfers enabled. If the transferred stake carries a
[conviction lock](/docs/guides/conviction), the lock follows the stake: locked
mass and conviction move to the destination coldkey in proportion to the amount
transferred.

Flip the toggle below and try moving stake between the two coldkeys:

<HyperparamTransfersEnabledFlow />

## Reading and setting [#reading-and-setting]

```bash
btcli sudo get --netuid 12 --name transfers_enabled
btcli sudo set --netuid 12 --name transfers_enabled --value false
```

Settable by the subnet owner or root; booleans take `true` or `false`.

## Related [#related]

* [`owner_cut_enabled`](/docs/hyperparameters/owner-cut-enabled) — the other
  per-subnet economics toggle
* [`min_childkey_take`](/docs/hyperparameters/min-childkey-take)
* [Money](/docs/concepts/money) — how stake, pools, and valuation work
* [Conviction locks](/docs/guides/conviction) — what happens to locked stake
  on transfer