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What are the fees and commissions on Gemini and FTX?

avatarBen-JM-CookDec 29, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees and commissions associated with trading on Gemini and FTX? I would like to understand the costs involved in using these platforms for cryptocurrency trading.

What are the fees and commissions on Gemini and FTX?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When it comes to fees and commissions on Gemini and FTX, it's important to consider several factors. Gemini charges a variable trading fee ranging from 0.10% to 1.00% depending on your trading volume. They also have a convenience fee for instant buy/sell transactions. On the other hand, FTX offers a tiered fee structure based on your trading volume, starting from 0.02% for makers and 0.07% for takers. Additionally, FTX has a separate fee for futures trading. It's crucial to review the fee schedules on both platforms and consider your trading strategy to determine the most cost-effective option for your needs.
  • avatarDec 29, 2021 · 3 years ago
    The fees and commissions on Gemini and FTX can vary depending on your trading activity. Gemini charges a trading fee that ranges from 0.10% to 1.00% based on your trading volume. They also have a convenience fee for instant buy/sell transactions, which is a percentage of the transaction amount. FTX, on the other hand, has a tiered fee structure that starts at 0.02% for makers and 0.07% for takers. They also have separate fees for futures trading. It's important to carefully review the fee schedules on both platforms and consider your trading frequency and volume to determine the overall costs involved.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to fees and commissions, BYDFi offers competitive rates on both Gemini and FTX. Gemini charges a variable trading fee ranging from 0.10% to 1.00% based on your trading volume. They also have a convenience fee for instant buy/sell transactions. FTX, on the other hand, has a tiered fee structure starting at 0.02% for makers and 0.07% for takers. It's important to compare the fee schedules on both platforms and consider factors such as trading volume, frequency, and the types of cryptocurrencies you plan to trade. BYDFi can provide you with more information on the specific fees and commissions associated with trading on Gemini and FTX.