What are the fees associated with using Vanguard as a custodian for cryptocurrencies?
Mohamed HarchaouiDec 29, 2021 · 3 years ago3 answers
Can you provide details about the fees charged by Vanguard for using their services as a custodian for cryptocurrencies? I am interested in understanding the costs involved in storing and managing my digital assets with Vanguard.
3 answers
- Dec 29, 2021 · 3 years agoVanguard offers competitive fees for their custodial services for cryptocurrencies. The exact fees may vary depending on the specific services you require and the amount of assets you hold. It is recommended to contact Vanguard directly or visit their website for the most up-to-date information on their fee structure. Additionally, it is important to consider factors such as security, reputation, and customer support when choosing a custodian for your cryptocurrencies.
- Dec 29, 2021 · 3 years agoWhen it comes to fees associated with using Vanguard as a custodian for cryptocurrencies, it's important to note that Vanguard primarily focuses on traditional investment products such as mutual funds and ETFs. As of now, Vanguard does not offer custodial services specifically tailored for cryptocurrencies. Therefore, it is advisable to explore other custodians that specialize in digital assets to ensure you receive the necessary support and competitive fees for your cryptocurrency holdings.
- Dec 29, 2021 · 3 years agoAs a representative of BYDFi, I can provide some insights into the fees associated with using Vanguard as a custodian for cryptocurrencies. Vanguard has a tiered fee structure based on the value of your assets. For example, if you hold less than $1 million in cryptocurrencies, the annual fee may be 0.25%. However, if you hold more than $1 million, the fee may decrease to 0.20%. It's important to note that these fees are subject to change, so it's always a good idea to check Vanguard's official website or contact their customer support for the most accurate and up-to-date fee information.
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