Cryptocurrency Q&A
What is the custody fee?
What is the custody fee?
lucas_lewis_inventor
Sat Nov 02 2024
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6 answers
891
I am trying to understand what a custody fee is. Could someone please explain this concept to me in simple terms? I would like to know what it entails and when it is typically charged.
6 answers
Caterina
Mon Nov 04 2024
Custody fees are viewed as administrative expenses that are incurred in the management of assets.
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Dario
Mon Nov 04 2024
These fees usually encompass two main components: an asset-based portion and a transaction-based portion.
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Nicola
Mon Nov 04 2024
The asset-based portion of the custody fee is often calculated based on the value of the assets being held.
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CryptoKnight
Sun Nov 03 2024
On the other hand, the transaction-based portion is typically charged based on the number or frequency of transactions.
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SolitudeSeeker
Sun Nov 03 2024
In addition to these two primary components, custody fees may also incorporate charges for various additional services.
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