Kraken vs Gemini: Fees
The fee structure is one of the main focus areas that set the two platforms apart. By being so different, it can turn out to be one of the deciding factors for beginners when choosing which platform they want to enroll in.
Gemini opts for a complex fee structure that will fluctuate according to your moved amounts. Until you reach the $200 threshold, the fee will be flat, structured by tiers. Any sum above $200 will make you incur a 1.49% fee. As you become more and more comfortable trading and moving larger amounts, Gemini has the perfect option that allows you to take advantage of a maker-taker structure.
Unlike other exchange platforms, Gemini doesn't take a commission for deposits. You can choose whether to top up your account via a bank transfer or a wire transfer, and either way, Gemini won't take a cut.
Kraken implements a maker-taker fee structure right off the bat. With this system, Kraken users can access lower commissions as soon as they create their accounts. Depending on the trading amounts, the fees can range between 0% and 0.26%, which is incredibly low.
As far as deposits and withdrawals, Kraken has numerous options for every currency you want to put into the platform or withdraw. There are free options and paid methods.