BySecret Hack That'll Get Your Gemini Fees Refunded Quickly
Gemini is a cryptocurrency trading platform that has been on the market for over five years with a broad appeal to beginners and seasoned traders, partly due to its wide assortment of offerings. Traders can tap into the over 70 cryptocurrencies provided they are willing to pay the Gemini fees applicable.
The platform charges fees for deposits, withdrawals, and transactions on the site. These fees can be an obstacle to your trading efforts and, over time, can accrue considerably. Fortunately, DoNotPay's fight and wave fees product offers you a way out of some of these charges, allowing you to make trades without incurring high .
What Are the Types of Gemini Fees?
Fees play a crucial role in your decision to choose a cryptocurrency trading platform. With that in mind, here are the types of you may incur:
| Type of Fee | Rate |
| Withdrawal fees | There are no withdrawal fees, other than the potential conversion fees between currencies. |
| Deposit fees | You can transfer crypto from your wallet or another exchange for free to trade on Gemini. However, deposits made via debit and credit card transfers will see you spend 3.49% fees. |
| Transactional fees | A transaction fee applies based on the amount you trade. The standard amount for crypto conversions for instance, when trading Bitcoin for Litecoin is 1.49%. However, the fee varies depending on the type of currency you use. It can be a flat rate for cheaper orders or a percentage for more costly transactions. |
| Convenience fees | You will also be charged 0.5% of the Gemini market price as a convenience fee for a trade. The fee is also charged in the crypto you buy. |
| Auction fees | You could incur action charges if you purchase crypto during the auction trading hours. |
How to Avoid Gemini Fees
While some Gemini fees are inevitable, there are some loopholes you could take advantage of to avoid paying certain fees.
1. Use an ActiveTrader Account
Trading on this account means you get charged less in Gemini fees than you would if you used a traditional Gemini account. The active trader account also lets you set price points for buying and selling, allowing you to carry out transactions when the timing is right for you.
2. Wire the Money or use an Automated Clearing House
There are no deposit fees when you wire money into your Gemini account or use ACH. It would be best if you thus used them instead of debit cards, as these end up carrying a deposit fee.
3. Make Larger Deposits
By understanding the Gemini transfer fee, you can also make large purchases and sales to take advantage of the lower fees charged as a reward for transacting larger amounts.
4. Take Advantage of Promotions
If you are not already a member, you can take advantage of the sign-up offers that give you free cryptocurrency, which momentarily cancels out some of the amount you have to pay in fees. Gemini offers you up to $50 when you sign up, link to a bank account, and make a minimum purchase.
5. Buy Cryptocurrency with Coins
When you change cryptocurrency into government-backed currency, you will likely face withdrawal-related fees for that activity as well as the related deposit into your digital wallet. You are thus better off using coins to trade to reduce or eliminate crypto fees.
Next Steps When You Can't Avoid the Fees Yourself
If you deem the above methods insufficient to resolve your concern, then can help you fight and waive the Gemini fees. All you have to do is follow these steps.
- Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal.
- Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one.
- Submit your case! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing.
Why Use DoNotPay to Fight and Waive Gemini Fees?
Fighting to waive your crypto trading fee may be easier said than done. Sometimes the avenues available may not work to your advantage, while contacting customer support can also be hectic. DoNotPay's fight and waive fees product is designed with your interests in mind. It would be advisable to choose us because we are experienced and promptly able to ensure you get the needed help.
DoNotPay Works Across All Companies
Our fight and waive fees service is not exclusive to Gemini. We can also negotiate bills for other cryptocurrency platforms and organizations from which you would like a fee waiver or lower charges. Be it bank fees, rent increases, subscription fees, you name it. The organizations include, but are not limited to:
- eBay fees
- Coinbase
- Robinhood
- PayPal
- Spirit Airlines
- HOAs
- Etsy
- Chase
- American Airlines
- Shopify
What Else Can DoNotPay Do?
Apart from fighting and having fees waived on your behalf, we can also assist you:
Sign up with us to enjoy our wide range of product offerings today.