Re: Gemini's fees have quadrupled as of this morning for most users.
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?
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%.
i think the appeal of gemini is its focus on compliance and licensing. kraken doesn't have that, and they also have a worse trading engine than gemini. so there are some trade-offs involved there. i still recommend GDAX in this situation. they're licensed in every state, and i trust them (due to their compliance overhead and VC backing) to do right by customers. similarly shitty trading engine vs. kraken but slightly edges it out, and also has 0% maker fees.
yet I am surprised for how long GDAX have kept their maker fees at 0%
they're trying to bootstrap what they hope will be the biggest US-facing broker in the world (coinbase). as a result, they're desperate for market makers on the underlying exchange (GDAX), especially during high growth periods.
remember the ETH flash crash disaster last year---where there was a margin cascade and they refunded those whose SL triggered and honored the trades for those who profited?
yeah, they need that order book depth pretty bad.
