What are the fees associated with using Coinbase custody for storing digital assets?
CinkowyyDec 26, 2021 · 3 years ago1 answers
Can you provide details about the fees charged for using Coinbase custody to store digital assets? How do these fees compare to other custodial services in the cryptocurrency industry?
1 answers
- Dec 26, 2021 · 3 years agoAs an expert in the field, I can tell you that Coinbase custody charges fees for storing digital assets. The initial setup fee is $10,000, which covers the onboarding and security setup. On top of that, there is a monthly fee based on the value of the assets stored. The fee structure starts at 0.1% per month for assets worth up to $10 million, with a minimum monthly fee of $1,000. The percentage decreases as the asset value increases. It's important to note that these fees may differ from other custodial services in the cryptocurrency industry. To get a clear understanding of the fees and how they compare, it's best to directly contact Coinbase or compare their fees with other custodial services in the market.
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