Quote from: timerland on April 10, 2018, 10:36:29 PM

Quote from: alyssa85 on April 10, 2018, 11:52:14 AM

Quote from: manlyxman on April 03, 2018, 10:22:30 AM

https://gemini.com/blog/update-to-the-gemini-trading-fee-schedule/

Thoughts? Did you use Gemini before? Will you continue?

Binance/gdax seem like decent alternatives now. What do you think?

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.

I have been using Gemini for a while now and pretty happy with their service, until lately...I just found out the profit gained from trading some how diminished at the end...upon a closer look, I had quickly realized that Gemini fees are getting out of hand...I've switched to Binance and it seem to work better - my balance don't constantly shrinking...Binance site is not very user friendly but I'm getting the hang of it. One thing I still haven figured out where does Binance list my transaction, which including cost and fee after the trade - does anybody know where to find it ?