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Gemini

Gemini, a popular US-based cryptocurrency exchange, is among the top 15 crypto exchanges in the world. The exchange offers a long list of coins and tokens through its intuitive and advanced platforms.
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Traded Countries

Due to the wide availability of crypto exchanges out there, finding a good one has become quite challenging. However, Gemini is one such crypto exchange that doesn’t need any introduction in the crypto world.

The US-based exchange platform allows its users to buy, sell, hold and earn through cryptocurrencies. Additionally, it offers top-class security and other attractive features.

So, to get detailed information about the platform, we have come up with an in-depth Gemini Review. In this review, we will discuss all the important information that will help you decide whether it’s best for you or not?

Gemini Review

Gemini is probably the largest US-based cryptocurrency exchange that offers industry-best crypto trading services to its users.

Additionally, the platform has its own crypto coin – the Gemini Dollar. The platform offers to buy, sell, or stake in a range of cryptocurrencies.

Currently, the exchange supports 50+ cryptocurrencies and major crypto pairs to trade-in. The exchange provides services through a web-based, highly-rated mobile app and active trading platform.

In the crypto industry, Gemini is renowned for offering top-notch security; its availability in all U.S. states, including New York; and its user-friendly platform that makes getting started easy.

The platform’s additional features like rich educational resources are best for beginners, while other advanced features such as the OTC platform, APY earning crypto loan, and Gemini Pay app will appeal to active traders.

Overall, it is the best crypto exchange in terms of security, product offering, accessibility, and user interface.

At a Glance

Pros and Cons

Take a closer look at some of the advantages and limitations of this crypto exchange:

Pros

  • Earn interest on cryptocurrencies
  • Availability in all U.S. States
  • Robust Security Features
  • Offers Gemini Pay Feature
  • Hot Wallet Insurance
  • Earn up to 8.05% APY with Earn programs
  • Rich Educational Hub

Cons

  • Complicated Platform for Beginners
  • No phone support

No, the crypto exchange is not a scam; in fact, it has been operating legitimately for years now. Additionally, the exchange is well regulated in the U.S., which further adds to its legitimacy.

Let’s take a look at a few reasons why it is not a scam:

  • The platform is owned by Gemini Trust Comoant LLC, a company regulated by the New York State Department of Financial Services (NYDFS).
  • Abides by AML Policy
  • Maintains money transmitter licenses
  • Holds SOC 1 Type 2 and SOC 2 Type 2 Certification
  • Earned an ISO 27001 certification

Considering all these aforementioned points, it is clear that this crypto exchange works in a legitimate way.

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Trust Score
Regulation Comparison

Feature

Gemini

Overall

4/5

Trust Score

96

Research

4/5

Offering of Investment

4/5

Platforms and Tools

4/5

Education

4/5

Mobile Trading App

4/5

Commission And Fees

3.5/5

Security:

Gemini is better known for the robust security feature it provides. The platform aims to deliver a secure and safe trading environment to crypto investors across the globe.

Here’s a list of top security features of this crypto exchange:

  • Keeps the majority of clients’ funds in cold wallets
  • Offers Insurance against a hack or any security breach
  • Two-factor Authentication
  • Alerts for every withdrawal request
  • Supports hardware security keys via web authentication
  • Employs an expert team to oversee any hacking or suspicious activities
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Our Recommendation: Gemini

How Many Cryptocurrencies Are Available on Gemini?

The crypto exchange platform offers a wide range of cryptocoins, including some of the lesser-known tokens and some latest ones.

Here’s a list of all supported cryptocurrencies:

  • Bitcoin (BTC)
  • Ether (ETH)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Chainlink (LINK)
  • Basic Attention Token (BAT)
  • Bitcoin Cash (BCH)
  • Decentraland (MANA)
  • Gemini dollar (GUSD)
  • Uniswap (UNI)

In addition to these, the platform supports 50+ other altcoins to trade-in.

How To Open An Account on Gemini?

Anyone can start trading on this crypto exchange by just opening a trading account on the platform. So, if you’re wondering how to get started? Here’s a step-by-step process:

  • Go to the official website of Gemini and click on the ‘Get Started’ button.
  • Now, enter your personal details such as Name, Middle name, email address, and password.
  • You will soon receive a confirmation mail. Now, set up multi-factor authentication.
  • After that, upload government-issued identity documents to verify your identification.
  • Once the verification process completes, link your bank account to start buying and selling cryptocurrencies.

Coins Available

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Chainlink (LINK)
  • Basic Attention Token (BAT)
  • Bitcoin Cash (BCH)
  • Decentraland (MANA)
  • Gemini dollar (GUSD)
  • Uniswap (UNI)

Accepted countries

  • The U.S.
  • Argentina
  • Brazil
  • Chile
  • Columbia Peru
  • Hungary
  • Iceland
  • United Kingdom
  • Bhutan
  • India
  • Belgium

Payment Methods

  • Bank Transfer
  • Wire Transfer
  • Debit Card
  • Credit Card
  • ACH

U.S. Client Acceptance

Yes

Available Platforms:

Gemini offers crypto trading services through three trading platforms: Web-based for beginners, ActiveTrader for professionals, and mobile app for on-the-go traders.

Let’s take a closer look at each of these platforms:

Desktop Platform:

This is the basic platform designed especially for beginners. The platform’s simple ‘buy and sell’ option and its extensive support page will surely help new traders to get started.

Top Features:

  • Basic Trading Charts
  • Daily Market Updates
  • User-friendly and Intuitive Interface
  • Multiple Market Orders
  • One-click Access to Crypto Markets

ActiveTrader:

The platform is well appreciated by seasoned crypto traders. However, the fee structure of this trading platform is quite different from that of the desktop version.

Top Features:

  • Advanced Charting Features
  • Live Updated Order Book
  • One-click Trading
  • Low and Competitive Fee
  • Advanced Trading Tools

Mobile Application:

Gemini offers an advanced and outstanding mobile app that allows traders to buy, sell, and convert digital currency from their phones or tablets.

Top Features:

  • Single-Click Access to Crypto Markets
  • Available on Both Android and iOS
  • Customizable Price Alerts
  • Advanced Charting Tools
  • User-friendly Interface

Quick Guidance

Exchange Details Info
Crypto conversion 1.49%
Account minimum $0
ACH transfer Free
Wire transfer Free
Buy/Sell Crypto 0.35%/0.25%
Credit/Debit cards 3.49%
Wallet Available

Company Information

Exchange Details Info
Headquarters Country New York
Foundation Year 2014
Type Crypto Exchange
Trading Allowed Yes

Fees, Deposits, and Withdrawals:

Trading Fees:

Similar to other crypto exchanges, Gemini charges fees on a Taker/maker model. Here’s a detailed overview of its fee structure:

 

30-Day Trading Volume Taker Fee (%) Maker Fee (%) Auction Fee (%)
$0 0.35 0.25 0.25
Upto $500,000 0.25 0.15 0.20
Upto $2,500,000 0.25 0.15 0.10
Upto $5,000,000 0.15 0.10 0.10
Upto $10,000,000 0.15 0.10 0.00
Upto $15,000,000 0.10 0.00 0.00
Upto $50,000,000 0.75 0.00 0.00
Upto $100,000,000 0.05 0.00 0.00
Upto $250,000,000 0.04 0.00 0.00
Upto $500,000,000 0.03 0.00 0.00

Deposit and Withdrawals:

The exchange supports limited payment methods for depositing and withdrawing funds from your account.

 

Deposit Withdrawal Instant Purchase Fees
ACH Yes Yes Yes Free
Wire Transfer Yes Yes No Varies By Bank
Debit Card No No Yes 3.49% + Trading Fees

Customer Support:

The customer support of this crypto exchange is a little distressing. As most crypto exchanges have started to offer phone support to their clients, Gemini is stuck on old-fashioned email support.

However, the help center facility offered by the exchange can help beginners in navigating the platform better.

Here’s how to contact customer support:

  • Email: Support@Gemini.com
  • Help Center

The Final Verdict:

After going through the detailed Gemini review, we found the exchange to be the best fit for not only professionals but beginners.

All the features such as security, regulatory compliance, and product offerings are what make it the best fit for both beginners and professional crypto investors.

However, some of the major drawbacks of this crypto exchange include a complex fee structure and customer support.

Frequenty Asked Questions

This crypto exchange is owned by Cameron Winklevoss and Tyler Winklevoss.

Yes, the exchange is well regulated and offers robust security features, making it the safest platform to trade with.

Yes, the exchange supports all major cryptocurrencies, including Bitcoins and other altcoins.

The price of a Gemini coin is worth $1.

The value of this exchange’s native token is pegged to the value of USD, making it less volatile in comparison to other crypto coins.

The exchange doesn’t charge any fees on withdrawals through ACH and wire transfers.

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