How does Gemini calculate fees for cryptocurrency transactions?

3 answers

• Hightower HightowerFeb 21, 2023 · 3 years ago
  Gemini calculates fees for cryptocurrency transactions based on a tiered fee structure. The fees are determined by your 30-day trading volume and whether you are a maker or a taker. Makers add liquidity to the order book by placing limit orders that are not immediately matched, while takers remove liquidity by placing market orders that are immediately matched. The higher your trading volume and the more liquidity you add, the lower your fees will be. Gemini also offers fee discounts for high-volume traders. The fee structure is transparent and can be found on Gemini's website. It's important to note that fees may vary for different cryptocurrencies and trading pairs.
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• j with a green backroundJul 15, 2021 · 5 years ago
  When it comes to calculating fees for cryptocurrency transactions on Gemini, it's all about your trading volume and whether you're a maker or a taker. Makers, who add liquidity to the market, pay lower fees compared to takers, who remove liquidity. The fee structure is tiered, meaning the more you trade, the lower your fees will be. Gemini also offers fee discounts for high-volume traders. You can find the complete fee schedule on Gemini's website, which provides a breakdown of fees for each trading pair and cryptocurrency. Keep in mind that fees can vary depending on market conditions and the specific cryptocurrency you're trading.
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• Sanket DubeyMay 22, 2021 · 5 years ago
  Gemini, like many other cryptocurrency exchanges, calculates fees based on a tiered system. The fees you pay depend on your trading volume and whether you're a maker or a taker. Makers, who provide liquidity to the market, generally pay lower fees compared to takers, who remove liquidity. Gemini's fee structure is transparent and can be found on their website. It's worth noting that fees may vary for different cryptocurrencies and trading pairs. If you're a high-volume trader, you may be eligible for fee discounts. Overall, Gemini aims to provide a fair and competitive fee structure for its users.
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