Gemini Has Raised Fees by Hardcore Numbers
Gemini is a great exchange, i don't think there is a single person who doesn't like how it works or feel secure on it due to everything Winklevoss are doing to keep it legit.
After today's change in the system (notice how they waited for 1st april to pass) the fees have raised.
Fees raised? Well, that's not a big deal, this happens. Thing is they pretty much quadrupled for most users now!
Speaking shortly just like BitFinex wants a minimum deposit of 10 000 USD worth of coins to use their site, Gemini also makes it not worth to use for small users.
Possibly big exchanges will soon be raising deposit/withdrawal and trade fees to avoid all small and occasional buyers wasting bw of their services.
Markets
As you can see people mostly trade FIAT there, not interested in exchanging crypto-crypto pairs. Its said this year we should see LTC there - time will tell.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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Any fee above 0.5% is hardly acceptable.
My guess is, they don't want to bother with low volume clients, nor waste time of their technical support with them.
It's easier to work with a few big fish than with tons of plankton.
Interesting that exchanges are cleaning up their act and applying more main stream practices. Several others have implemented minimum limits of a similar magnitude which is a real shame. Smaller users are being forced to use the smaller exchanges which is not good.
Damn that is a big hike. 4X?!
What sucks about raising fees and raising minimum trades is that cryptos will be removed from the common person's ability to take advantage of the single biggest technology change of this century that could allow people to radically change their financial position with just small investments...
The 1% will once again take the market for themselves!
I am very interested with this review, I resteem
This is not very surprising as the expectation of being regulated will bring increased compliance costs to the exchanges; especially those that trade with fiat. We may see this continue for the foreseeable future.
Never used this site but will try it now.
I think Gemini is trusted exchange site.Here's a lot more eth price than the comparative price.l really interest Gemini app.i will create a Gemini account @kingscrown
This is huge man. This affects small fries like us more than anybody else. Crypto-fiat platforms are not going to catch a break anytime soon. This sucks!
Well maybe no. I mean we do have ways get our hands on crypto and no amount of bad news can completely squeeze those windows shut.
Well bad or not information is good. Thanks man
Interesting they do so at a time when most exchanges are reducing their fees. I think it's one of two things; expecting more institutional investors that are more inclined to use Gemini than other exchanges, hence Gemini can jack up the prices, or regulatory costs.