In this breakdown, we take a close look at the Withdrawal Fees charged by Gemini Exchange. We also outline additional fees such as crypto withdrawal fees, fiat withdrawals, withdrawal limits and much more. Keep reading and you will soon know how competitive Gemini's withdrawal fees are!
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Gemini Withdrawal Fees
Current or future users of Gemini need to know what type of withdrawal fees they have to pay when they wish to withdraw funds from the exchange.
Gemini offers two two types of withdrawal methods which includes fiat withdrawals and cryptocurrency withdrawals. Fiat withdrawals are possible on Gemini via multiple methods including Bank Transfer (ACH/Wire Transfer) for USD, EUR and GBP.
Gemini Withdrawal Fees
Fiat withdrawals via bank transfer (ACH) are free of charge on Gemini while USD Wire Transfers have a fee of $25. Offering free fiat withdrawals via bank transfer is obviously a very generous and advantageous offering for Gemini users.
Gemini Withdrawal Limit
When it comes to withdrawal limits on Gemini, again we have to differ between fiat withdrawal limits and crypto withdrawal limits.
For those that wish to withdraw fiat currencies, below we have outlined the different withdrawal methods and the corresponding limits.
ACH Bank Transfer
Daily limit: $5,000 for fully verified personal accounts
Daily limit: $100,000 for US customers
Monthly limit: $30,000 for fully verified personal accounts
Debit Card
Daily limit: $1,000 on purchases
Limit resets after 24 hours from the previous purchase
Gemini Fiat WIthdrawal
Gemini users have the option of withdrawing fiat currencies in the biggest fiat currencies including USD, EUR and GBP.
Gemini Minimum Withdrawal
In terms of minimum withdrawal limits, each cryptocurrency has it's own withdrawal limit. For example, the minimum withdrawal for Bitcoin 0.00000001 BTC which equals just a few dollars worth of BTC.
For fiat currencies, the minimum withdrawal amount that Gemini has set is $100.
Gemini Withdrawal Times
When it comes to withdrawal times for cryptocurrencies, this depends on which cryptocurrency is being withdrawal and how fast that particular blockchain is.
For example, Bitcoin and Ethereum withdrawal times may take a couple of minutes to process while other blockchains such as Solana and Cosmos are more instant.
Gemini also offers different withdrawal methods for fiat currencies which includes ACH Bank transfer and wire transfer.
The withdrawal times for these methods depend on the bank and where the user is based.
ACH Bank transfers normally take 4-5 business days to complete while wire transfers can take as little as 1-2 business days for domestic transfers.
Gemini Crypto Withdrawal
For those that wish to withdraw cryptocurrencies on Gemini, they will have to pay different fees depending on which coin is being withdrawn.
Below we have outlined a selection of the most well known cryptocurrencies and the withdrawal fees charged by Gemini for each one:
For those that wish to transfer crypto from Gemini Custody to Gemini Exchange, that incurs a fee of $125 per withdrawal.
Gemini BTC withdrawal fees
Users who wish to withdraw Bitcoin (BTC) from Gemini exchange will have to pay a BTC withdrawal fee of 0.0001 BTC.
Gemini ETH withdrawal fees
Users who wish to withdraw Ethereum (ETH) from Gemini exchange will have to pay an ETH withdrawal fee of 0.001 ETH.
Gemini USDT withdrawal fees
Users who want to withdraw Tether USDT from Gemini have to pay a withdrawal fee of 4 USDT.
The crypto withdrawal fees charged by Gemini are very reasonable and competitive with other exchanges in the industry like Kraken, Binance and OKX.
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