What are the fees associated with using Kraken custody services?

3 answers

• Tough ConvosMay 14, 2023 · 2 years ago
  Sure! When it comes to using Kraken custody services, there are several fees to consider. First, there is a monthly custody fee, which is based on the value of the assets held in custody. The fee is calculated as a percentage of the total value and is typically charged on a monthly basis. Additionally, there may be fees for depositing or withdrawing assets from custody. These fees can vary depending on the type of asset and the amount being deposited or withdrawn. It's important to review Kraken's fee schedule for the most up-to-date information on specific fees.
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• ahmed abuelkhierNov 27, 2021 · 4 years ago
  The fees associated with Kraken custody services can be categorized into two main types: custody fees and transaction fees. Custody fees are charged for the safekeeping and management of your assets in Kraken's custody. These fees are typically calculated as a percentage of the total value of the assets held in custody and are charged on a monthly basis. Transaction fees, on the other hand, are charged for depositing or withdrawing assets from custody. These fees can vary depending on the type of asset and the amount being deposited or withdrawn. It's important to note that the fee structure may vary for different types of assets, so it's always a good idea to check Kraken's fee schedule for the most accurate and up-to-date information.
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• Dhanush ChandakaMar 19, 2024 · a year ago
  As a third-party observer, I can provide some insights into the fees associated with using Kraken custody services. Kraken charges a monthly custody fee, which is calculated based on the value of the assets held in custody. The fee is typically a percentage of the total value and is charged on a monthly basis. In addition to the custody fee, there may be fees for depositing or withdrawing assets from custody. These fees can vary depending on the type of asset and the amount being deposited or withdrawn. It's important to review Kraken's fee schedule for the most accurate and up-to-date information on specific fees. Overall, Kraken's custody fees are competitive within the industry and provide a secure and reliable solution for storing and managing digital assets.
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