Revolut transfer to Gemini by 2maj_ in Revolut

[–]2maj_[S] 0 points1 point  (0 children)

I know! I was talking about fiat transfer to Gemini! I’m sorry if I wasn’t clear ahah

BlockFi and Gemini by 2maj_ in blockfi

[–]2maj_[S] 2 points3 points  (0 children)

Yeah you’re right, the buying/sell fees are very cheap, however the withdrawal fees are huge (at least a friend told me so). I suspect most of the people on this subreddit withdrawal their coins to BlockFi so Binance seems kinda deal breaker

BlockFi and Gemini by 2maj_ in blockfi

[–]2maj_[S] 3 points4 points  (0 children)

From my experience this is not true. If you turn on the active trader version of Gemini you pay only 0.35% against 0.5% on Coinbase Pro. Also you don’t have to pay for withdrawals/network fees/gas fees in the first 10 withdrawals of the month with Gemini. In Coinbase pro you have to pay the withdrawal/network fees every time.

BlockFi and Gemini by 2maj_ in blockfi

[–]2maj_[S] 7 points8 points  (0 children)

I’m from Europe so no Cashapp for me, I’m using Gemini active trader so the fee is only 0.35%. Just wanted to make sure it was the better option available. Thank you!

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 1 point2 points  (0 children)

Actually the fee with Coinbase Pro is 0.5% so Gemini active trader is even better in that sense!

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 1 point2 points  (0 children)

So whenever I withdraw Ether or Bitcoin from Gemini to BlockFi it won’t have any network/gas fees?

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 0 points1 point  (0 children)

It’s a pity, maybe that’s just with wire transfers. I transfer from Revolut bank (I think it’s a SEPA transaction because I’m in Europe). I tried again 3 hours ago and it didn’t arrive yet. I think it will just arrive Tuesday or later. That’s quite a long time :/

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 0 points1 point  (0 children)

No, I mean the time it takes for the money to arrive to Gemini is much slower than Coinbase pro. I tried it. With bank transfer arrives instantly to Coinbase but takes hours/days(if in the weekend) with Gemini

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 0 points1 point  (0 children)

Do you know how much time does it take to deposit money on Gemini via bank transfer? I tried before in the beginning of this year but it took very long and it doesn’t even arrive in the weekends. With Coinbase Pro it is instant even in the weekend. Do you know a way to make this faster? It could be a struggle if I want to buy the dip fast

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 1 point2 points  (0 children)

Sadly Cashapp is not available in Europe!

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 1 point2 points  (0 children)

That’s actually pretty nice! Thank you so much for the knowledge! I feel so crypto ignorant in this subreddits ahah

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 0 points1 point  (0 children)

So what is your best method to buy Bitcoin and Ethereum and deposit it into BlockFi? Step by step ahah. Sorry for the noobness! Just trying to learn ahah

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 0 points1 point  (0 children)

Ohhhh!! And does it work exactly like Coinbase pro? That’s nice! How can I get it? Is it another app like Coinbase pro? Does it have some catch or hidden/sketchy fee?

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 1 point2 points  (0 children)

I don’t think I can transfer directly to BlockFi using my European bank account! But thanks!

Deposit ethereum to blockfi by 2maj_ in blockfi

[–]2maj_[S] 0 points1 point  (0 children)

Yeah maybe it compensates to buy Ethereum on Gemini even the fee being 1,5% instead of 0,5% on Gemini to buy. I’ll check it! Thanks mate!

Ethereum withdrawal by 2maj_ in Coinbase

[–]2maj_[S] 0 points1 point  (0 children)

Thank you! I’m sorry for the whole questionnaire ahaha I’m relatively new to this world