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What are the fees for Bitcoin Self Custody?

Numbrs charges a fee for the provision of the Services (the "Numbrs Bitcoin Self Custody Service Fee"). The Numbrs Bitcoin Self Custody Service Fee is composed of (i) a one-time setup fee of USD 2,500 (the "Set-up Fee") and (ii) a recurring annual fee that is calculated as a percentage of a user's USD denominated average annual balance of Virtual Currencies on the Bitcoin Self Custody (the "Annual Recurring Service Fee"). The Numbrs Bitcoin Self Custody Service Fee shall accrue as soon as the Numbrs User Account has been successfully opened.

The Annual Recurring Service Fee shall be the greater of

  1. the annual average of USD denominated value of Virtual Currencies on the Bitcoin Self Custody multiplied by 0.5%;

or

  1. the USD 5,000.

The annual average of USD denominated value of Virtual Currencies on the Bitcoin Self Custody shall be calculated as follows: At 4:00 PM CE(S)T of each calendar day during the billing year, the sum of Virtual Currencies is to be quantified in USD using the spot rate(s) available on Coinbase at that time and day. The USD values so determined for all calendar days during the billing year shall be added together, such sum then to be divided by the number of calendar days in the billing year.

Any Numbrs Bitcoin Self Custody Service Fee (both the Set-up Fee and the Annual Recurring Fee) shall be due and paid within eight (8) days of receiving the invoice, which will usually be sent on the last day of the calendar year. The Numbrs Bitcoin Self Custody Service Fee must be settled in BTC and will not be automatically charged to the user's Bitcoin Self Custody. Payment may occur either by a wire of BTC from the Bitcoin Self Custody or from any other wallet. In case a Numbrs Bitcoin Self Custody Service Fee has not been settled within a given time period, the Numbrs User Account will be closed and any Service discontinued.


As an example, if a User holds annually average assets of USD 1’200’000 on the Bitcoin Self Custody, the annual Fee is USD 6’000 (USD 1’200’000*0.5%).

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