Is it cheaper to buy Bitcoin on Gemini or Coinbase, considering the fees involved?

1 answers

• Jan 14, 2022 · 3 years ago
  When it comes to buying Bitcoin, fees play a crucial role in determining the cost-effectiveness of a platform. Gemini and Coinbase are two popular options, each with its own fee structure. Gemini charges a variable fee based on your trading volume, starting at 0.35% and decreasing as your volume increases. Coinbase, on the other hand, charges a flat fee of 1.49% for purchases made with a bank account or Coinbase USD wallet. However, Coinbase also offers Coinbase Pro, their advanced trading platform, where fees are lower for high-volume traders. So, if you're a high-volume trader, using Coinbase Pro might be cheaper than Gemini. It's essential to consider your trading volume and compare the fee structures to determine the most cost-effective option.
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