What is the cost of using Coinbase for cryptocurrency custody?

3 answers

• feel heartApr 19, 2022 · 3 years ago
  When it comes to using Coinbase for cryptocurrency custody, there are a few costs to consider. First and foremost, Coinbase charges a custody fee based on the value of the assets being stored. This fee can range from 0.1% to 0.5% per year, depending on the total value of the assets. Additionally, there may be transaction fees associated with moving assets in and out of Coinbase's custody. These fees can vary depending on the type of cryptocurrency and the network congestion at the time of the transaction. It's important to note that Coinbase also offers different levels of custody services, each with its own set of costs and features. It's recommended to review Coinbase's official website or contact their customer support for the most up-to-date information on the specific costs associated with their custody services.
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• Kurakula NagarajuMar 18, 2023 · 2 years ago
  Using Coinbase for cryptocurrency custody comes with its own set of costs. Coinbase charges a custody fee based on the value of the assets stored, which can range from 0.1% to 0.5% per year. In addition to the custody fee, there may be transaction fees for moving assets in and out of Coinbase's custody. These fees can vary depending on the cryptocurrency and network conditions. It's important to carefully consider these costs when deciding whether to use Coinbase for custody or explore alternative options.
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• Divya H RApr 23, 2021 · 4 years ago
  As an expert in the field, I can tell you that using Coinbase for cryptocurrency custody does come with costs. Coinbase charges a custody fee based on the value of the assets stored, which can range from 0.1% to 0.5% per year. This fee covers the security and maintenance of the assets while in Coinbase's custody. Additionally, there may be transaction fees associated with moving assets in and out of Coinbase's custody. These fees can vary depending on the specific cryptocurrency and the current network conditions. It's important to factor in these costs when considering Coinbase as a custody solution for your cryptocurrency holdings.
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