Do custodial fees vary based on the type or value of the cryptocurrencies being held?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, custodial fees can vary based on the type or value of the cryptocurrencies being held. Some exchanges may charge higher fees for holding certain cryptocurrencies that are considered more volatile or have higher transaction fees. Additionally, the value of the cryptocurrencies being held can also impact the fees, as higher-value holdings may require more security measures and incur higher costs for the exchange. It's important to check with the specific exchange for their fee structure and any variations based on cryptocurrency type or value.
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• Nov 27, 2021 · 3 years ago
  Definitely! The custodial fees charged by cryptocurrency exchanges can differ depending on the type or value of the cryptocurrencies being held. This is because some cryptocurrencies may require additional security measures or have higher transaction costs, which can result in higher fees. It's always a good idea to compare the fee structures of different exchanges and consider the specific cryptocurrencies you plan to hold to ensure you're getting the best deal.
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• Nov 27, 2021 · 3 years ago
  Absolutely! Custodial fees can indeed vary based on the type or value of the cryptocurrencies being held. For example, at BYDFi, we have a tiered fee structure where the fees increase as the value of the cryptocurrencies being held increases. This is to account for the additional security measures and resources required to safeguard higher-value holdings. However, it's important to note that fee structures can differ between exchanges, so it's always wise to research and compare before making a decision.
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