What is the transaction fee of the Gemini exchange?

Gemini Exchange transaction fees vary based on transaction type and trading volume, with maker fees ranging from 0.055% to 0.275% and taker fees from 0.10% to 0.65%.

Oct 02, 2024 at 09:23 am

Gemini Exchange Transaction Fees

1. Understanding Cryptocurrency Transactions

Cryptocurrency transactions involve the transfer of digital assets between two parties on a blockchain network. These transactions are facilitated by exchanges like Gemini, which act as intermediaries to match buyers and sellers.

2. Transaction Fee Types

Gemini charges transaction fees based on the type of transaction:

Maker Fee: Charged to the order creator (maker) who places an order on the exchange that does not immediately execute.
Taker Fee: Charged to the order taker (taker) who executes an order placed by the maker.

3. Trading Fees

Trading fees vary depending on the trading pair and the monthly trading volume of the user. The taker fees range from 0.10% to 0.65%, while the maker fees range from 0.055% to 0.275%. The following table provides the monthly trading volume tiers and the corresponding trading fees:

Monthly Trading Volume	Taker Fee	Maker Fee
< $5 million	0.65%	0.275%
$5 million - $10 million	0.50%	0.25%
$10 million - $25 million	0.40%	0.20%
$25 million - $50 million	0.30%	0.15%
$50 million - $100 million	0.20%	0.10%
Over $100 million	0.10%	0.055%

4. Non-Trading Fees

Gemini also charges non-trading fees for specific actions:

Withdrawal Fee: A fee charged for withdrawing cryptocurrency from the exchange. The fee varies depending on the cryptocurrency withdrawn.
Deposit Fee: A fee sometimes charged for depositing cryptocurrency into the exchange, though many deposits are free.
Frozen Account Fee: A daily fee charged for accounts that have been frozen due to security or compliance issues.

5. Additional Considerations

Fees are subject to change based on market conditions and the exchange's policies.
Users can earn discounts on trading fees by holding Gemini's native token, the Gemini Dollar (GUSD).
Higher trading volumes typically lead to lower fees.

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