Web Fee Schedule
Last Updated May 7, 2019
All orders placed via our website application1 (each, a “Web Order”) incur both a convenience fee (“Convenience Fee”) and a transaction fee (“Transaction Fee”); see Fee Examples. Before you place your Web Order, you will be quoted a firm price that includes the Convenience Fee (the “Quoted Price”). In addition, we will display your Transaction Fee, which is determined according to the amount of your Web Order:
|Web Order Amount||Transaction Fee1|
|> $10.00 but ≤ $25.00||$1.49|
|> $25.00 but ≤ $50.00||$1.99|
|> $50.00 but ≤ $200.00||$2.99|
|> $200.00||1.49% of your Web Order value|
The Convenience Fee is calculated at a rate of 0.50% (or 50 basis points) above the prevailing Gemini market price for a given trading pair at the time we provide you the Quoted Price. Your actual Convenience Fee may be greater or lower than 0.50% due to price movement in the market between the time we provide you the Quoted Price and the time your Web Order is filled; however, this will not affect the price you pay.
Web Order Buy Example – Kristen wants to buy $100 of BTC with USD. The prevailing Gemini market price of BTC is $4000. On her website application, Kristen is provided a Quoted Price of $4020 to buy 1 BTC. This represents the Gemini market price of $4000, plus the 0.50% Convenience Fee (Gemini market price × 1.005). When Kristen enters her buy Web Order for $100 and clicks on “Review Order,” the Transaction Fee of $2.99 is displayed on her website application along with the total BTC amount of 0.02413184 (($100 -$2.99)/$4020 = 0.02413184 BTC) that she will receive for her buy Web Order. Kristen clicks on “Place Order” to place her Web Order to buy 0.02413184 BTC for $100. Fees are only incurred when her Web Order is executed.
Web Order Sell Example – Marcus wants to sell 0.03 BTC for USD. On his website application, Marcus is provided a Quoted Price of $3980 to sell 1 BTC. This represents the prevailing Gemini market price of $4000, minus the 0.50% Convenience Fee (Gemini market price × 0.995). When Marcus enters his sell Web Order for 0.03 BTC, the Transaction Fee of $2.99 is displayed on his website application along with the total proceeds amount of $116.41 ((0.03 * $3980) – $2.99 = $116.41) that he will receive for his sell Web Order. Marcus clicks on “Place Order” to place his Web Order to sell 0.03 BTC and receives $116.41. Fees are only incurred when his Web Order is executed.
Transaction Fee Denominations
|Order Book||Transaction Fee Denomination|
|BTC/USD, ETH/USD, LTC/USD, BCH/USD, ZEC/USD, LINK/USD, OXT/USD, DAI/USD, BAT/USD||USD|
Notice of Changes
Any change to our Web Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30 calendar days, subject to any shorter period of time that may be required by applicable law or regulation.
Any Web Order placed after the effective date indicated in any such notice will be subject to the new Web Fee Schedule and you will be deemed to have agreed to the new Web Fee Schedule by continuing to use our website application.