What is the minimum investment required to use Coinbase Custody?
Mohamad Ali RasouloDec 16, 2021 · 3 years ago3 answers
Can you please provide more details about the minimum investment required to use Coinbase Custody? What is the specific amount needed to start using their custody services?
3 answers
- Dec 16, 2021 · 3 years agoTo use Coinbase Custody, the minimum investment required is $10 million. This ensures that only institutional investors with significant assets can access their services. It's a high entry barrier, but it also provides a higher level of security and compliance for large-scale cryptocurrency holdings.
- Dec 16, 2021 · 3 years agoThe minimum investment required to use Coinbase Custody is $10 million. This is because Coinbase Custody primarily caters to institutional investors who have substantial cryptocurrency holdings. By setting a high minimum investment, Coinbase Custody aims to provide a secure and reliable custody solution for large-scale investors.
- Dec 16, 2021 · 3 years agoCoinbase Custody has a minimum investment requirement of $10 million. This ensures that only serious institutional investors can access their services. If you're an individual investor or have a smaller portfolio, you may want to consider other custody options that have lower entry barriers, such as BYDFi, which offers a more accessible solution for retail investors.
Related Tags
Hot Questions
- 90
How can I protect my digital assets from hackers?
- 76
What is the future of blockchain technology?
- 52
What are the tax implications of using cryptocurrency?
- 43
How can I buy Bitcoin with a credit card?
- 40
Are there any special tax rules for crypto investors?
- 24
How does cryptocurrency affect my tax return?
- 23
What are the best practices for reporting cryptocurrency on my taxes?
- 17
What are the advantages of using cryptocurrency for online transactions?