How does the Cold Storage Powered by Fidelity custody work and what are the fees?

Cold storage powered by Fidelity Digital Assets means you benefit from institutional grade custody provided by Fidelity, who has been custodying Bitcoin since 2013.

This option incurs an annual 1% custody fee, which is billed monthly as 0.083% of the average market value of your Bitcoin in the last 30 days.

Every custody model has 1% transaction fees for digital asset purchases and trades.