Cryptocurrency Q&A
What are custodial fees in Unocoin?
What are custodial fees in Unocoin?
Lorenzo
Tue Oct 15 2024
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6 answers
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I'm using Unocoin and I encountered a term called 'custodial fees'. I'm not sure what it means in the context of Unocoin. Can someone explain what custodial fees are in this platform?
6 answers
KimonoGlitter
Thu Oct 17 2024
The custodial fee includes an 18% Goods and Services Tax (GST), making it a comprehensive charge that covers all applicable taxes. This transparency in pricing is part of Unocoin's commitment to its users.
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PulseEclipse
Thu Oct 17 2024
Inactive trading accounts are defined as those that have not executed any trades for an extended period, as specified by Unocoin's terms and conditions. The fee applies to these accounts to incentivize activity and maintain the platform's overall health.
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Leonardo
Thu Oct 17 2024
For users who frequently trade or maintain an active presence on the platform, this fee will not apply. Unocoin's primary focus remains on supporting and promoting an active and vibrant trading community.
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KimchiQueenCharmingKissWarmth
Thu Oct 17 2024
Effective March 2023, Unocoin has implemented a new policy for its customers, introducing custodial fees for inactive trading accounts. The fee is set at 0.0001 BTC per month, a move aimed at ensuring the sustainability of the platform and the quality of its services.
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DigitalTreasureHunter
Thu Oct 17 2024
As a leading cryptocurrency exchange, Unocoin continuously reviews and updates its policies to ensure they align with industry best practices and meet the evolving needs of its customers. The introduction of custodial fees is one such update.
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