Crypto Interest Account Comparison. On the other hand, gemini uses a simple fee structure for depositing funds, purchasing crypto and withdrawing funds to a bank account. There are no hidden fees and no minimum balances.
In january 2021 it paid out a record $28 million in interest to its clients. These numbers look good on the surface, but as the block’s mike dudas (@mdudas) points out, they’re much riskier and shouldn’t be. Savers can earn these rates by depositing their cryptocurrencies on the respective platform in a crypto interest account.
For debit card purchases, there is a 3.49% fee on the total purchase amount that includes the trading fee which is cheaper than kraken.
But you must also be aware of some critical differences before you start to earn interest in cryptos. These numbers look good on the surface, but as the block’s mike dudas (@mdudas) points out, they’re much riskier and shouldn’t be. Crypto in, more crypto out. Keep in mind that the percentages can change periodically.