Blink Wallet Adds Inactivity Fee to Custodial Accounts, Accelerating Migration to Self Custody
By Juan Galt
AI summary of the source article
Blink Wallet has introduced a $1 monthly inactivity fee for custodial accounts that have not logged in for over 12 months. Any charged fees will be refunded if users log back in within a year.
Why it matters
The fee "serves to relieve the burden of inactive accounts on the startup," which carry ongoing costs such as "ledger and infrastructure, retention of verification records, compliance monitoring and reporting, and support claims."
Key facts
- Blink Wallet implemented a $1 monthly inactivity fee targeting custodial accounts inactive for over 12 months.
- Fees charged to inactive accounts will be refunded if users log back in within 12 months.
- The first fee charge occurred in mid-October following a Terms of Service change in early September.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Blink Wallet Adds Inactivity Fee to Custodial Accounts, Accelerating Migration to Self Custody Blink Wallet began charging a $1 monthly fee on custodial accounts inactive for 12 months, with the first charges processed by mid-October 2026 and full refunds on login. This post Blink Wallet Adds Inactivity Fee to Custodial Accounts, Accelerating Migration to Self Custody first appear…