# Transfer Token Ownership

With Freewallet you are able to transfer Token Ownership. Token Ownership is a representation of control over issuance and description of your token on Counterparty. \
\ <mark style="color:yellow;">Token Ownership is also somewhat of the last cryptographic control an asset has even if the supply has been entirely destroyed or lost.</mark> \
\
Subassets can still be minted with Token Ownership even if the original token supply is permanently 0 and the description of the asset can still be changed or updated. Though all records of changes to the description of this token are still public and cannot be changed.\
\
Some artistic Counterparty projects requires sending Token Ownership to a 'burn address' to restrict the token being changed in the future, so it is useful to know how to use this function.

<mark style="color:yellow;">**Please keep in mind this action takes some time,**</mark>**&#x20;**<mark style="color:red;">**and is irreversible.**</mark>

To transfer ownership issuance of a Token in Freewallet, navigate to the top right “Actions” icon and select the action “Transfer Ownership”.

<figure><img src="/files/FXn1EjE4uTxN0JHYdYXF" alt=""><figcaption><p>Transfer Ownership button within the Actions drop down shown with Red Oval</p></figcaption></figure>

You can also right click the Asset in the left panel and select “Transfer Ownership of TOKEN"

<figure><img src="/files/9RfpLg5brQLIth85XYRG" alt=""><figcaption><p>Transfer Ownership option when right-clicking the left panel shown with Blue Oval</p></figcaption></figure>

Here you be prompted to simply send a BTC transaction to initiate the Counterparty action to Transfer Ownership.

<figure><img src="/files/igaAzy4tgHOUdRnAlTR6" alt=""><figcaption><p>Transfer Ownership pop-up window</p></figcaption></figure>

* First check that your <mark style="color:yellow;">source address is the address that holds Ownership of the Token</mark>.
* Next, check the <mark style="color:green;">Destination Address and input the address you would like to Transfer Ownership to</mark>.
* Make sure in the <mark style="color:red;">Token Name field it is the correct token you would like to Transfer Ownership of</mark>.
* You can also choose the BTC Fee you wish to use. If you have questions about what BTC fee to use please reference [What BTC Fee Should I use?](/freewallet.io-user-manual/getting-started/what-btc-fee-should-i-use.md)

Once you have verified all the above information, click “Transfer Ownership” and the transaction will be broadcast to the Bitcoin Network.


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