Saturday, 11 May 2019

Gemini Exchange quietly doubled their trading fee today

Buried in their terms of service changes, which just appeared today along with a major UI overhaul, is this new fee schedule: https://gemini.com/web-fee-schedule/#web-fee-schedule

1.49% "transaction fee" plus a .5% "convenience fee". It was previously a flat 1%. Now I have to look for a new onramp.

Are other Gemini users as bothered by this as I am? I don't know what annoys me more: the fact that they doubled the fee during an exciting time for the market, or the fact that they were so quiet about it.

(Note: the fee change does not apply if you're on their ActiveTrader platform, which I haven't looked into but they are oddly coy about it - "Want access to ActiveTrader™? Please contact Gemini Customer Support")

submitted by /u/Fosforus
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