Cryptocurrency Q&A
What is Gemini custody fee?
What is Gemini custody fee?
SakuraDance
Thu Sep 05 2024
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5 answers
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Excuse me, could you please elaborate on the Gemini custody fee? I'm interested in understanding what this fee entails and how it is calculated. As a user of the Gemini platform, I want to ensure that I have a clear understanding of all the associated costs. Is the fee a percentage of the assets held in custody, or is it a flat rate? Additionally, are there any additional fees or charges that I should be aware of when utilizing the Gemini custody service? Your insight would be greatly appreciated.
5 answers
CryptoTitan
Sat Sep 07 2024
However, it's important to note that fees can vary depending on the services provided and the volume of assets being stored.
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Carlo
Sat Sep 07 2024
Cryptocurrency custody services are a vital aspect of the digital asset ecosystem, ensuring the safety and security of investors' funds.
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CryptoEmpire
Sat Sep 07 2024
One of the key factors that investors consider when choosing a custody provider is the fee structure. In this regard, a competitive fee model can be a significant advantage.
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TaekwondoMasterStrengthHonorGlory
Sat Sep 07 2024
For instance, a custody provider may offer an annual fee of 0.40% (40bps) for storing cryptocurrency, which is considered relatively low in the industry.
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SamuraiWarrior
Fri Sep 06 2024
In addition to the annual fee, some custody providers may charge an additional fee for withdrawals. For example, a fee of $125 per withdrawal can be applied, which can impact the overall cost of using the service.
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