Gemini Exchange Review 2021 – Trade Crypto Assets with Advanced Security Features.

Gemini Exchange Review 2021 – Trade Crypto Assets with Advanced Security Features.   Trading and holding crypto assets, eventually selling them or purchasing more can be quite tedious at the beginning for newbies. What helps them sort out their dilemma is a perfect crypto exchange platform and one such is Gemini.   Many exchanges offer a huge number of crypto coins but have questionable security. If you are looking for an exchange that supports all the major cryptos and features advanced security features then Gemini exchange is the best choice for you.   In this article read about Gemini exchange fees, supported currencies, features, updates and more.

Recent Updates:    

  • On 26th May 2021, Gemini introduced Gemini Earn. You can now earn up to 7.4% APY on your Gemini dollars (GUSD) with Gemini Earn. That’s more than 100 times the national U.S. average.

Table of Contents:

  • Overview.
  • What is Gemini exchange?
  • Gemini exchange Features.
  • How to set up a Gemini exchange account?
  • How to recover the Gemini exchange password?
  • How to buy a Gemini exchange token?
  • How to sell a Gemini exchange token?
  • How to deposit and withdraw on Gemini exchange?
  • Gemini exchange Fees and supported payment types.
  • Gemini exchange Mobile application.
  • Referral commissions and other services.
  • Is Gemini exchange safe and secure?
  • Conclusion.
  • FAQ.
  • Rating for Gemini exchange Exchange.
  • Gemini exchange pros and cons.

Overview:

Legal Name Gemini exchange.
Headquarters New York City, U.S.
CEO Tyler Winklevoss.
Founded on 2013.
Exchange type Centralised.
Trading fees. Maker: 0.00%/ Taker: 0.1-1%.
Deposit methods. Cryptocurrency, Wire transfer, Bank transfer (the USA only).
Supported Cryptocurrencies. Supported Cryptos BTC, ETH, BCH, LTC, ZEC, OXT, DAI, BAT, LINK,OMG +10 & more.
Fiat. United States Dollar (USD).
Customer Service. Email and Phone.
Trading Options. Spot Trading and Margin Trading.
 

What is Gemini Exchange?

Gemini exchange is the first licensed bitcoin and Ethereum trust company to be registered with the New York State Department of Financial Services (NYSDFS). This platform allows users to deposit fiat currency and trade bitcoin, Ethereum, and various other cryptocurrencies across a variety of different order types.   The exchange was founded in the year 2013 by Cameron and Tyler winklevoss. It’s headquartered in New York, US. It has quickly become one of the most reputed cryptocurrency exchanges in the cryptocurrency space. It is also one of the only US exchanges that allows dollar-to-crypto and crypto-to-crypto trading.   According to the reports of coinmarketcap, the exchange has a daily trading volume of over $115 million at the time of writing this article.  

Gemini Features:

User Interface: Gemini exchange is a simple, elegant, and secure platform to build your crypto portfolio.   Safety, security and compliance: Gemini is a licensed New York trust company that undergoes regular bank exams and is subject to the cybersecurity audits conducted by the New York Department of Financial Services.   Gemini Wallet: Gemini exchange offers safe and secure wallet infrastructure that supports all their listed assets. Users can invest confidently.   Expert Support: Gemini exchange features a world class customer support team available 24/7 to answer questions or resolve issues with deposits or withdrawals.  

How to Set Up a Gemini Exchange Account?

Step 1: Visit the Official Gemini Website. Click “Register” on the top right corner.   Step 2: Fill in the information on the next page. This will include your full name, your email address, and a password. When you are completed with this, read the “user agreement” and “privacy policy”.   Step 3: Then click the “Create my account” Option.   Step 4: Fill in your phone number on the next page. You will be sent a code to your phone. It is important to use your correct number as this is part of the verification process.   Step 5: You will then be redirected back to Gemini’s dashboard where you must first set up the 2-Factor Authentication option.  

How to recover the Gemini Exchange password?

To recover the password, Go to the Gemini exchange login, Click on the “Forgot Password” option. Then enter your personal information and user id after which you can reset your password.   

Deposit & Withdrawal Procedure:

Step 1: Log in to your Gemini account.   Step 2: After logging in, Go to “Transfer funds” then select “Deposit into Exchange”/“Withdraw into Exchange”.   Step 3: Now click “Bank Transfer”, Then Select ‘USD’ from the dropdown menu.   Step 4: Choose your bank account. Enter the account details and the amount you want to deposit. Then click on “Next”.   Step 5: Review your deposit/withdrawal  and then click “Confirm” .  

How to buy cryptocurrencies with Gemini Exchange?

Step 1: Log in to your Gemini account and Click on the “ Buy” Option   Step 2: Choose a currency pair you wish to buy. Now, a continuous book screen will appear   Step 3: Select the trade amount   Step 4: Follow the advance pricing chart   Step 5: Form will autofill. Now Click on Buy.  

How to sell cryptocurrencies with Gemini Exchange?

Step 1: Log in to your Gemini account and Click on the “Sell” Option   Step 2: Choose a currency pair you wish to sell. Now, a continuous book screen will appear   Step 3: Select the trade amount you wish to trade   Step 4: Follow the advance pricing chart   Step 5: Form will autofill. Now Click on Sell.  

Gemini Exchange Fees, Limits and Supported Payment Methods.

Gemini Deposit and Withdrawal Fees:

Depositing USD into your Gemini account is completely free. The exchange does not charge for a wire transfer or ACH deposits. However, wire transfers may be subject to bank fees.
Deposit Fees. Cost.
All cryptocurrencies, ACH, Gemini dollar (redemption). Free.
Wire Transfer. Free.
Debit Card Transfer. 3.49% of total purchase amount.
  Withdrawal fees depend on the withdrawal type chosen and vary for individual customers and institutional customers. Click here for detailed fee analysis.

Gemini Exchange Trading Fees:

Trading fees vary depending on your 30-day trade volume. There are six tiers of the maker, taker, and auction fees that range from 1% for light traders to 0.1% for takers and 0% for makers when trading more than 2,000 BTC or 20,000 ETH over the last 30 days.

Gemini Supported Payment Methods:

Settlement Time. Available For Trading.
ACH Transfer. 5 business days.  Instantly.
Wire Transfer. 1-3 business days. 1-3 business days.
Debit card. 24 hours. Instantly.
 

Gemini Supported Cryptocurrencies.

Gemini exchange currently supports the following crypto assets:
  • Bitcoin(BTC).
  • Ether(ETH).
  • Litecoin(LTC).
  • Bitcoin Cash(BCH)
  • Zcash(ZEC).
  • Basic Attention Token(BAT).
  • Chainlink(LINK).
  • Dai(DAI).
  • Orchid(OXT) and more.
  When it comes to trading, the following pairs are supported:
  • BTC/USD.
  • ETH/USD.
  • ETH/BTC.
 

Gemini Mobile Application:

Gemini can be downloaded from both the App Store and Google Play. It is also available as a download client for both MacOS and Windows.    This application allows users to trade, access wallet, fund account, receive notifications, and check transaction history on the go. Buying BTC or ETH with it is as simple as clicking around for a minute or two and you’re good to go.  

Gemini Exchange Referral Program and Other Services:

Gemini Affiliate Program:

Gemini is looking for content creators and community leaders who align with their mission and values to promote their suite of products and services.   As they embark on their next phase of growth, the exchange is excited to partner with like-minded and creative individuals to spread the word about the future of money.

Benefits of Affiliate Program: 

  • Partner with the most trusted crypto exchange in the world
  • Transparent campaign tracking and reporting.
  • Compensated in your preferred currency of choice.
 

Steps to Participate in Affiliate Program:

Step 1 – Apply today to share the benefits of crypto.   Step 2 – Gemini will review your application and once approved, you’ll receive a unique referral link to provide to your audience.   Step 3 – Begin promoting through your custom link in articles, social media, ads, and other forms of content, and earn commission on every new active customer.   Refer A Friend: Refer a friend to join Gemini Exchange through your link. Both your accounts will be credited $10 (or 10 USD equivalent of your domestic currency) after your friend buys or sells $100 or more (or 100 USD equivalent of your domestic currency) within 30 days of creating their account.  

Other Services:

Gemini Earn: Interest compounded daily up to 7.4% APY. Earn interest every single day. Deposit and receive more than 100x the average national interest rate², among the highest rates on the market.   Gemini ActiveTrade: The high-performance crypto trading platform that delivers professional-level experience. Available to more active users, ActiveTrader features advanced charting, multiple order types, auctions, and block trading.   Gemini Custody: Store and manage your digital assets using the most secure, compliant, and user-friendly custody solution on the market.   Gemini Clearing: Gemini Clearing allows two parties to settle a trade off the order book. Gemini acts as a confirming third party in pre-arranged transactions, helping ensure timely Settlement while mitigating counterparty risk.

Is Gemini Exchange Safe and Secure?

Yes, Gemini is one of the safe exchanges available. The exchange has operated with a security-first mentality from day one. Their security philosophy adheres to three principles:
  1. Defending against external threats.
  2. Protecting against human error
  3. Guarding against misuse of insider access.
Also the exchange features advanced security features such as: Two-Factor authentication, Gemini cold storage and Gemini hot wallet services and more.  

Conclusion:

It is evident from our review that Gemini exchange is one of the most secure and highly regulated crypto trading platforms. The advanced security measures that the platform puts in place ensure that your crypto assets are out of reach of cybercriminals and third-party intruders.   Gemini is also ideal for users who want to make lots of trades daily. Professional traders will certainly enjoy the enhanced security features protecting both their fiat and digital currency accounts   Thus, traders who live in the US should seriously consider using Gemini as their source for their trading services.  

Gemini FAQ:

Q1. How do I join the waitlist for the Gemini Credit Card? The Gemini Credit Card will be available in the Summer of 2021. More details on the card will be released closer to launch. Join the waitlist here.   Q2. Why is my SSN/SIN required? As a New York trust company, Gemini is required by law to collect your SSN/SIN to comply with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations.   Q3. Is there any initial cost for an account with Gemini? Gemini does not have a minimum initial deposit or account operating balance.   Q4. How long does it take for transfer on Gemini? Gemini accepts both crypto and fiat deposits and withdrawals. And while crypto transactions are almost immediate, bank transfers in and out of your Gemini account will take between 3 and 5 days.   Q5. What is Gemini Custody? Gemini Custody provides a solution to store your digital assets in a regulated, secure, and compliant manner with our secured offline proprietary Cold Storage System.

Gemini Ratings:

Currency Support: 3/5. Security:4.5/5.  Online Reputation: 3.8/5. Trading and transaction fees: 3.8/5. Customer Support: 4/5. Overall Rating: 3.8/5.  

Gemini Pros and Cons:

Pros:

  • Strong reputation backed by two leading investors.
  • Dollar-to-crypto and crypto-to-crypto trading.
  • Advanced Security Features.
  • Discounts and rebates for high-volume traders.
 

Cons:

  • A limited selection of altcoins.
  • Limited funding methods.
  • Additional mobile transaction charges.
  • Only accepts clients from the US, not open to the rest of the world.

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