ZenDCA stores the amount you save on fees after every completed buy order on the Gemini exchange. Since we place limit buy orders on your behalf, you are subject to lower API fees, which at the time of writing are 0.4% for taker orders and 0.2% maker orders. So when you purchase $100 on ZenDCA, you would pay approximately $0.40 in taker fees ($0.20 with maker orders), instead of $2.99 on the Gemini mobile app! More information on taker vs maker orders can be found here.
The fees on Gemini do change, so you can view the latest ones for ZenDCA buy orders here. The fees you would pay on the Gemini mobile app can be found here.
Since ZenDCA stores the amount you save on fees at the time of the buy order, even if the fees change in the future, the cost savings calculation will still be correct.
To calculate the fee savings, we check how much you paid in fees after the buy is completed and subtract that from what you would have paid on the Gemini mobile app. The "Total saved on fees" line on the schedule details modal will show you the total you saved in fees for the schedule. The fees are different when you buy with EUR, GBP and SGD. We store the latest fees for each fiat currency to calculate the amount you save in fees for your schedule.
If you have any other questions about the fee savings calculation or anything else, reach out to us at support@zendca.com
Comments
0 comments
Article is closed for comments.