Are there any fees associated with Coinbase's custody service?

3 answers

• madixJun 24, 2023 · 3 years ago
  Yes, Coinbase does charge fees for their custody service. The fees vary depending on the size of your account and the type of assets you are storing. Generally, Coinbase charges a percentage fee based on the assets under custody. For example, if you are storing Bitcoin, the fee might be 0.1% of the total value of your Bitcoin holdings. It's important to note that these fees are subject to change and it's always a good idea to check Coinbase's website for the most up-to-date information.
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• TheSC4Jun 04, 2024 · 2 years ago
  Absolutely! Coinbase's custody service does come with fees. The fees are based on a tiered structure, meaning the more assets you store, the lower the percentage fee. The fees cover the costs associated with securely storing and safeguarding your digital assets. Additionally, Coinbase may charge additional fees for withdrawals or transfers. It's recommended to review Coinbase's fee schedule for specific details on the current fee structure.
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• Damsgaard LivingstonNov 10, 2024 · a year ago
  Yes, there are fees associated with Coinbase's custody service. However, the fees are competitive compared to other custodial services in the industry. Coinbase aims to provide a secure and reliable storage solution for digital assets, and the fees charged contribute to maintaining the high level of security and infrastructure required. It's worth noting that Coinbase regularly reviews and adjusts their fee structure to remain competitive and provide value to their customers.
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