How do crypto wallets make money?

[Fidelia]

Crypto wallets help people that hold crypto to keep custody of their tokens. For the service they provide, how do crypto wallets make money? Do they make substantial amounts of money that is reasonable enough? What are the factors that can help them earn more?

 

[Suba]

The main source of income from crypto wallets is admin fees, besides that there are also excess blockchain fees paid by users, although when users deposit crypto there is no charge but when withdrawing, swaps will be subject to admin fees and blockchain fees.

 

[Nomad]

centralized wallets make money from various methods like transaction fees, conversion fees etc. Decentralized wallets was basically no-profit companies

 

[King Belieal]

They charge money for different transactions ranging from crypto swaps to withdrawal. It might be cents but most of them have high volume of transactions daily.

 

[riberet19]

Most of these wallets make money with fees, some also allow you to buy cryptocurrencies, so they also earn with cryptocurrency purchase fees.