Setup Fee:
- The initial setup fee is $250. This fee covers the cost of the hardware wallet, secure transportation, and initial configuration.
Annual or Monthly Storage Fees:
- For individual or small-scale storage, annual fees 1% annually of the total assets under management. For larger institutional clients, these fees can be negotiated down to 0.5%.
Transaction Fees:
- When transferring assets to or from cold storage, you’ll encounter blockchain network fees (like gas fees for Ethereum or Bitcoin transaction fees), which aren’t controlled by us, the storage provider, but are costs to the user. A processing fee of $25 per transaction or a percentage of the transaction amount (0.1% to 1%) could be applied.
Withdrawal Fees:
- If there’s a specific withdrawal process or additional security measures, there might be fees for withdrawing assets from cold storage. This could be similar to transaction fees or might be higher if there’s a manual verification process involved.
Insurance Fees:
- Insurance against loss or theft of cryptocurrencies comes at an additional cost. This can vary but will be a percentage of the value stored.
Custom Features or Enhancements:
- Additional features like multi-signature wallets, regular security audits, bespoke solutions, or integration with other financial services might incur extra charges.
These figures are based on CW’s T&Cs. The actual fees could be higher or lower depending on numerous factors including the complexity of the services offered, and competitive market conditions.