Cryptocurrency Q&A
What is custodian transaction fee?
What is custodian transaction fee?
Giulia
Wed Nov 27 2024
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7 answers
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I'm trying to understand what a custodian transaction fee is. Could someone please explain this term and its associated costs in simple terms?
7 answers
InfinityEcho
Fri Nov 29 2024
These fees generally comprise two main components: an asset-based portion and a transaction-based portion.
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Giuseppe
Fri Nov 29 2024
The asset-based portion of the custody fee is typically calculated based on the value of the assets being held.
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Margherita
Fri Nov 29 2024
The transaction-based portion, on the other hand, is charged based on the number or value of transactions processed.
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PulseWind
Fri Nov 29 2024
Custody fees are regarded as administrative expenses that cover various aspects of managing assets.
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TaekwondoMasterStrength
Fri Nov 29 2024
Besides these basic components, custody fees may also incorporate charges for additional services.
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