Trade using their API. Costs 0.1% if maker trade, or 0.35% for taker.
How hard is it to use their API to do this?
Because I can't even switch from the simple interface to the ActiveTrader interface. Its a big hassle and you need to email them and wait to be approved first.
A few weeks back when ETHBTC was low, I wanted to buy some ETH with my BTC which was sitting there doing nothing and turns out you can't even do that.
You can only Buy or Sell the Fiat based cryptos like BTCUSD, ETHUSD, LTCUSD,BCHUSD, and you can't do ETHBTC or BTCLTC, etc. You could do this a year back or so but with this simple interface you don't even have that option.
So to get the API trading going, do I need to be aproved first or can anyone do this?
It's simple for me (but I'm a software dev)
1) Install python 3 and Pycharm
2) Copy this code from gemini:
https://docs.gemini.com/rest-api/#new-order3) Change the currency symbol, price, order type(market or limit), and use your own api keys. In gemini you can create api keys, no permissions needed.
Then run the code whenever you wish to order. You can cancel in the gemini user interface. It's really great, just 0.1% fees. For extra safety, I delete the api key after every trading session.
I got activetrader for my account after a week of wait, and it does have the features you mentioned. Active trader is 1% fee though, and the rubbish new interface is 2% iirc. Api trading fees:
https://gemini.com/api-fee-schedule/#api-fee-schedule Also, I built this after their fees increased to 2% and run a copy locally:
https://gemini-interface.com/dashboard?side=buy&symbol=ETHUSDThis way I get a decent UI yet pay the api trading fees.