What fees are associated with JP Morgan's custodial account for cryptocurrencies?

1 answers

• Dec 26, 2021 · 3 years ago
  JP Morgan's custodial account for cryptocurrencies comes with various fees. These fees include account maintenance fees, transaction fees, and withdrawal fees. Account maintenance fees are charged periodically, usually on a monthly or annual basis, to cover the costs of managing and securing your cryptocurrencies. Transaction fees are incurred for each buy or sell transaction made through the custodial account. Withdrawal fees are applicable when you transfer your cryptocurrencies from the custodial account to an external wallet or exchange. The specific fees and their amounts may vary depending on the type and volume of transactions. For the most accurate and up-to-date fee information, it's best to contact JP Morgan directly or refer to their official documentation.
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