Gemini fees vs binance1/2/2024 In order to withdraw fiat from FTX, user must be at least level 2 KYF verified. While FTX allows users to trade over 160 cryptocurrencies on its spot exchange, the downside is that any withdrawal below US$10,000 is subjected to a hefty admin fee of US$75. This makes it one of the best platforms for traders due to liquidity and narrower spread. FTX Image Credit: BitKEįTX is one of the centralised largest exchange with US$13 billion in trading volume. One downside of is that users would have to hold or stake CRO to enjoy the many benefits like discounts on trading fees. ago Gemini has a lot less shitcoins to choose from so may not be shitcoin farmer friendly. That helped a lot this month It saved me almost 500 bucks. Alternatively, users can evade the fee by using USD bank transfer via Automated Clearing House (ACH). Gemini is great for me, and I use it over coinbase and binance. There are no charges for purchasing crypto with StraitsX but there is a 0.4% charge when selling. Users would just have to connect their StraitsX account to to purchase and withdraw via XSGD.Īlso Read: Still Looking For A Crypto Exchange? Here’s A Singaporean’s Guide To Users can on and off-ramp through Singapore-based payment processing gateway StraitsX. Image Credit: Ĭ is famed for its visa card and the many benefits along with owning one. Compared to the other two exchanges featured here, Gemini only offers over 55 different cryptocurrencies while the others offer at least over 150 different cryptocurrencies. The downside of Gemini is the limited number of cryptocurrencies. Gemini is one of the MAS approved centralized exchanges with majority of its assets stored in cold storage for safekeeping. Gemini also offers users 10 free cryptocurrency withdrawals every month. The free deposit and withdrawal using FAST is just the icing on the cake.ĭo note that opting for Gemini Active Trader platform to trade would incur lower trading fees compared to just using the simple UI. Singapore users can use the FAST transfer to do an SGD bank wire to their Gemini account. Users can easily deposit and withdraw from a choice of seven different supported fiat currencies. The beauty of Gemini is the ease of on and off ramp. Here I present to you the top 3 exchanges to off-ramp: Gemini Image Credit: TokenPostĪt the top of the list is Gemini. US$75 Admin fee on withdrawal below US$10,000 Binance on the other hand offers some of the lowest industry fees out there and frankly blows Coinbase out of the water in this segment. A common question in everyone’s mind is, is there a platform that offers fiat withdrawal at little to no fees? TLDR: Exchangeġ0 (USD, EUR, GBP, AUD, HKD, SGD, ZAR, CAD, CHF & BRL) Other alternatives like P2P exchanges also ran the risk of getting scammed.Īs the landscape matured, more and more exchanges started popping up. They also charged an exorbitant amount in fees and investors could lose as much as 10% of their capital. This surge of interest in crypto drove prices to hit new all-time highs (ATH), and also begs the question - Should I take profit or HODL?īack in 2017, there were only a small amount of centralised exchanges (CEXs) that allowed investors to on and off-ramp.
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