Gemini custody fee

Hi there,

The custody fee and withdrawal fee are only applicable if you open a Gemini custody account. The main feature of the custody account is that it is a cold storage system that offers an extremely high level of security. Tbh this kind of account is mainly offered to institutional investors. Most retail traders like myself would use a hot wallet like the Gemini app instead as it offers greater flexibility and cheaper costs (no custody fees and withdrawal fees). Of course, holding your coins on the Gemini app offers less security than the Gemini custody account, but the level of security should still be decent enough. If you want to know more about the different levels and layers of security involved, you can read up more on hot wallets (Gemini app) VS cold wallets (Gemini custody). You can also check out other cold storage solutions like hardware wallets (Ledger, Trezor) etc.

Cheers!