Gocio
Exchange Fees
Deposit Methods
UPDATE 26 February 2019: We have not been able to access this exchange’s website. Accordingly, we believe that it is currently closed down.
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Gocio Review
Gocio is a Russian cryptocurrency exchange. It feels unfair to speak about a Russian cryptocurrency exchange without also mentioning YoBit, one of the first to ever exist. So there, now it’s mentioned.
This coin exchange from Russia does not list US-investors as prohibited from trading. But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
Gocio Fees
Gocio Trading fees
This cryptocurrency exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.20%, meaning that both takers and makers pay 0.20% of the order value when completing an order. This fee is slightly below the global industry average. The industry average is arguably 0.25%.
Gocio Withdrawal fees
This exchange charges a withdrawal fee amounting to 0.10% when you withdraw cryptocurrencies (such as BTC). This is an unusual withdrawal fee model, but it is not unheard of. Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount. With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.00001 BTC (quite low). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.01 BTC (quite high). Please consider whether this withdrawal fee suits your own trading or not.
Deposit Methods
This exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. So if you want to stack up some credit card points by trading crypto, you’ll have to look somewhere else.