What are the fees associated with a Celsius custody account?
![avatar](https://download.bydfi.com/api-pic/images/avatars/6W7fR.jpg)
Can you please provide a detailed explanation of the fees associated with a Celsius custody account? I want to understand the costs involved before opening an account.
![What are the fees associated with a Celsius custody account?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/a2/937cbb9735cc72665425f4a17a5cc6b797b4d6.jpg)
3 answers
- Sure! When it comes to a Celsius custody account, there are a few fees to keep in mind. First, there is an annual account fee of 0.25% on the total value of your assets held in custody. This fee is calculated and deducted on a monthly basis. Additionally, there may be withdrawal fees depending on the type of asset you are withdrawing. Celsius provides a fee schedule on their website, so it's always a good idea to check the latest information there. Overall, the fees associated with a Celsius custody account are competitive compared to other custodial services in the market.
Feb 18, 2022 · 3 years ago
- The fees for a Celsius custody account are relatively straightforward. As mentioned earlier, there is an annual account fee of 0.25% on the total value of your assets. This fee is prorated and deducted monthly. In terms of withdrawal fees, it varies depending on the asset. For example, withdrawing Bitcoin incurs a fee of 0.0005 BTC, while Ethereum has a withdrawal fee of 0.005 ETH. It's important to note that these fees are subject to change, so it's always a good idea to check the latest fee schedule on Celsius' website.
Feb 18, 2022 · 3 years ago
- When it comes to the fees associated with a Celsius custody account, you'll be pleased to know that they are quite competitive. The annual account fee is 0.25% on the total value of your assets, which is lower than what some other custodial services charge. In terms of withdrawal fees, Celsius has a transparent fee schedule on their website, so you can easily find the specific fees for different assets. It's always a good idea to review the fee schedule periodically to stay up to date with any changes. Overall, Celsius offers a cost-effective custody solution for your digital assets.
Feb 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 99
How can I buy Bitcoin with a credit card?
- 95
How can I protect my digital assets from hackers?
- 74
Are there any special tax rules for crypto investors?
- 72
How does cryptocurrency affect my tax return?
- 61
What are the tax implications of using cryptocurrency?
- 30
What are the best practices for reporting cryptocurrency on my taxes?
- 28
What are the best digital currencies to invest in right now?
- 27
How can I minimize my tax liability when dealing with cryptocurrencies?