It's outrageous. Bitcoin trading fees are already higher than stock trading fees (where you usually pay a flat fee rather than a percentage).
My advice - move to Kraken. They do maker taker fees. If you are a maker, the fee is just 0.16%.
Yeah exactly. I don't know why people would use Gemini when fees are so high for both makers and takers. The only reason would be that someone wants to get money in and out of bitcoin quickly but other than that, the fee schedule is outrageous.
Haven't used Gemini before, but the new fees would mean at least 4-5x more than other exchanges.
This presents absolutely no advantages whatsoever to use Gemini. If you're going to get verified anyways, just use Kraken/Binance/a bunch of other exchanges which all have more competitive rates than Gemini.