What are the fees associated with using a crypto assets custodian?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure! When it comes to using a crypto assets custodian, there are several types of fees to consider. The most common ones include custody fees, transaction fees, and withdrawal fees. Custody fees are charged for securely storing your crypto assets. These fees can vary depending on the custodian and the amount of assets you hold. Transaction fees are charged when you buy or sell crypto assets through the custodian's platform. These fees are usually a percentage of the transaction amount. Withdrawal fees are charged when you transfer your crypto assets from the custodian to another wallet or exchange. It's important to carefully review the fee structure of a custodian before choosing one, as fees can significantly impact your overall investment returns.
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• Nov 27, 2021 · 3 years ago
  Well, the fees associated with using a crypto assets custodian can vary depending on the custodian and the specific services they offer. Some custodians may charge a flat fee for custody services, while others may charge a percentage of the assets under custody. Transaction fees can also vary and are typically charged when you buy or sell crypto assets through the custodian's platform. Additionally, withdrawal fees may apply when you transfer your assets out of the custodian's storage. It's important to consider these fees when choosing a custodian, as they can impact your overall investment strategy.
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• Nov 27, 2021 · 3 years ago
  As a third-party custodian, BYDFi offers competitive fees for using their crypto assets custodian services. The custody fees are calculated based on the value of your assets under custody and are charged on a monthly basis. Transaction fees are charged when you buy or sell crypto assets through BYDFi's platform, and these fees are based on a percentage of the transaction amount. Withdrawal fees are also applicable when you transfer your assets out of BYDFi's custody. BYDFi strives to provide transparent and affordable fees to its users, ensuring that their crypto assets are securely stored while minimizing costs.
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