Gemini Review 2021: Security, Fees & Special Features

The webs most detailed Gemini review: Trusted since 2014, this New York regulated cryptocurrency exchange is one of the top names in the USA. Created by the legendary Winkelvoss twins, Gemini stood out from its early inception. However, we wanted to know if this is a good place to do business so we sent our expert to look behind all curtains to see what’s really going on here.

4.09/5
Excellent
Regulated by
NYSDFS
United States flag
Gemini
Founded April 2014
Owner Gemini Trust Company LLC
Type Cryptocurrency Exchange
Fees 0.35%
account minimum 0.01$
Best for All Traders

Why Gemini

In this section of our Gemini review we highlight 6 special features that deserves extra attention.

Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.
Buy Cryptocurrency
Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.
Open an institutional account as an Asset Manager, Corporation, Liquidity Provider, or Wealth Manager.
Institutional Trading
Open an institutional account as an Asset Manager, Corporation, Liquidity Provider, or Wealth Manager.
Stake your cryptocurrencies and earn passive income from coins by holding them locked up.
Staking
Stake your cryptocurrencies and earn passive income from coins by holding them locked up.
This Cryptocurrency Exchange keeps most of your coins stored offline in cold storage for extra security.
Cold Storage Wallet
This Cryptocurrency Exchange keeps most of your coins stored offline in cold storage for extra security.
This platform has extra security features such as segregated bank accounts and investor insurance funds.
Security Of Funds
This platform has extra security features such as segregated bank accounts and investor insurance funds.
Use trade alerts to get notified by when the market reaches your price or when a trade is triggered.
Trade Alerts
Use trade alerts to get notified by when the market reaches your price or when a trade is triggered.

About Gemini

Gemini is a cryptocurrency exchange that has been around for a while and it was created by the famous Winkelvoss twins. This is an American crypto trading platform and it has its office registered at 600 Third Avenue, 2nd Floor, New York. It is regulated by the New York State Department of Financial Services (NYSDFS) which gives it good credibility and security for traders in the US as well as other regions of the world.

This exchange is highly focused on security and is a firm believer in keeping your assets stored in a cold storage wallet. It has many use cases other than simply buying, selling, and trading coins. It is a home for institutional custodians, staking for passive income, clearing solutions for cryptocurrencies, and Gemini also has its own dollar-pegged cryptocurrency called the Gemini dollar. It is a 1:1 USD-backed cryptocurrency and acts as a stable coin.

Why use Gemini

As mentioned, there are several good use cases on this exchange and the main one being the simple trading platform for beginners. Experienced traders are welcome to try the ActiveTrader platform which has more utility such as a more complex charting package and more complex order selections. Gemini is also a home for staking coins which lets you earn passive income depending on your holding time and the cryptocurrency you choose.

If you are focusing on crypto investing with a longer investment horizon then Gemini might be a very good choice for you as well. Gemini has an insured hot wallet and institutional-grade cold storage wallet which basically means that your digital assets are in very good hands. Even if the worst-case scenario were to arise, your assets are completely backed up by an insurance fund.

Trading on Gemini

Gemini is great for beginner cryptocurrency traders who are looking for a basic platform to take their first step, or, for more experienced traders who are looking for something simple. The trading interface on Gemini is not full of utility that you can see on most other short-term trade platforms. Instead, this exchange has focused on something that works fine for all newcomers.

If you are a more experienced trader looking for a lot of tools and extra features to take your digital-asset trading to the next level, you might want to look elsewhere since Gemini is aimed at beginners who are looking for high safety and a beginner-friendly exchange.

Payment methods and limits

All basic payment methods are available such as credit cards, debit cards, and of course bank transfers. The limits for depositing are very low at 0.01$, and there is no limit on minimum or maximum withdrawal.

Things we don’t like

Given that this is a very well recognized exchange from the United States I am very disappointed with the customer support system. I bet will get answers through email as they suggest but that just doesn’t cut it anymore. If you want to be one of the greatest you need to have a great live chat with agents ready to help out. On this part, I would like to see improvements from Gemini.

Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
0.25 %
0.35 %

Products

Cryptocurrency
Cryptocurrency

Trading Platforms

Tradingview
Tradingview
Webtrader
Webtrader
Mobile App Android + Mac
Mobile App Android + Mac
Own trading platform Windows + Mac
Own trading platform Windows + Mac

Order Types

MO - Market Order
LO - Limit Order
SO - Stop Order
MOC - Market on Close
IOC - Immidiate or Cancel
FOK - Fill or Kill

Devices

Tablet
Tablet
Desktop
Desktop
Smartphone
Smartphone
Web
Web

Special Features

Daily Gainers & Losers
2FA Verification
KYC
Altcoins
High Security
Education
Beginner Friendly
Quick Registration
Instant Deposits
Cryptocurrency Wallet
Webinars
Video Guides
Trading App
Trading Tips
Fast Execution Speed
Fast Withdrawals
Veteran Trading Platform
Fiat Account
Fast Account Verification

About the special features on Gemini

Gemini has great tools for new cryptocurrency traders including a very easy-to-use trade interface where you can make your own watchlist of coins, see the top movers of the day, and follow the most traded coins. You have the option to add a recurring purchase of any coin on the platform such as daily, weekly, twice per month, or a monthly investment. This tool is great for longer-term investors who truly believe in a project and wants to keep buying over time.

Digital Assets Insurance

This is a great feature on Gemini that increases the credibility of the exchange. When you store cryptocurrencies on Gemini, your digital assets are insured when you keep them in the hot wallet. This means that your funds are backed up and if they would ever be lost or stolen, Gemini will refund you.

Institutional Custody

Institutional-grade custody means increased security. How this works is very simple. Since Gemini is regulated by the state of New York, they are required to keep a certain amount of capital (digital assets) as insurance coverage. To be precise, they’ve got over $200 million as backup funds in their institutional custodian.

Pay With Cryptocurrencies

You can now pay with cryptocurrencies in retail stores and pretty much live off of your digital assets. All you need to do is download the app on the Gemini website and follow instructions, it’s super easy. They also have a cryptocurrency credit card if you prefer the real deal when you go out shopping.

Cryptopedia

Cryptopedia is the learning center on Gemini. Before you go crazy on crypto trading, take a few minutes and read up on some of their amazing guides. There is basic education on cryptocurrencies, security, trading & investing, and DeFi. I was happily surprised to see that this veteran crypto exchange made the effort to educate their traders, good job Gemini!

ActiveTrader

This is the high-performance platform for more active day traders who are looking for a stable and secure environment. Some features that are available are advanced charting, block trading, complex order types, and actions. If you like Gemini and want more than the basic interface you should definitely check this out.

Funding

Bank transfer
Bank transfer
Visa
Visa
Mastercard
Mastercard
Maestro
Maestro

Accepted Currencies

EUR (€)
GBP (£)
USD ($)
AUD ($)
CAD ($)
SGD ($)
HKD (HK$)

Limits

Max Withdrawal Limits
No limit
Min Withdrawal Limits
$100
Min Deposit Limits
$0.01

Languages

United Kingdom
English

Restricted Countries

Algeria
Angola
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Cape Verde
Central African Republic
Chad
Comoros
Democratic Republic of the Congo
Congo
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Libya
Madagascar
Malawi
Mali
Mauritania
Mauritius
Morocco
Mozambique
Namibia
Niger
Rwanda
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
South Sudan
Sudan
Swaziland
Tanzania, United Republic of
Togo
Tunisia
Uganda
Zambia
Zimbabwe
Afghanistan
Armenia
Bahamas
Bangladesh
Bhutan
Brunei Darussalam
Cambodia
China
Timor-Leste
Georgia
Indonesia
Iran, Islamic Republic of
Iraq
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Lao People"s Democratic Republic
Lebanon
Malaysia
Maldives
Mongolia
Nepal
Korea, Democratic People"s Republic of
Oman
Pakistan
Qatar
Saudi Arabia
Sri Lanka
Syrian Arab Republic
Yemen
Uzbekistan
United Arab Emirates
Turkmenistan
Thailand
Tajikistan
Albania
Andorra
Belarus
Bosnia and Herzegovina
Germany
Ireland
Republic of North Macedonia
Moldova, Republic of
Monaco
Montenegro
San Marino
Serbia
France
Ukraine
Bolivia
Colombia
Ecuador
Falkland Islands (Malvinas)
French Guiana
Guyana
Paraguay
Suriname
Uruguay
Venezuela, Bolivarian Republic of
Fiji
Federated States of Micronesia
Kiribati
Marshall Islands
Nauru
Palau
Papua New Guinea
American Samoa
Solomon Islands
Tuvalu
Vanuatu
New Caledonia

Security

Is Gemini safe to use?

Considering the regulation, institutional custody, cold storage wallet, and insured digital assets with backup funds, Gemini is a very safe platform to use. We also recommend keeping cryptocurrencies stored on the platform.

Is Gemini regulated?

Yes, Gemini is regulated by the New York State Department of Financial Services (NYSDFS).

Support

Contact Form
Contact Form

Frequently asked questions

Read the most frequently asked questions about Gemini. Find answers without searching the web.

Yes, this veteran cryptocurrency exchange is one of the most trusted platforms in North America. We highly recommend that you use this exchange for buying, selling, and trading digital assets.

Both cryptocurrency exchanges have similar security features and similar trading platforms for their active traders. It all comes down to personal preference and perhaps the selection of altcoins available on the platform. The fees are also roughly the same.

If you use a credit card it's more or less instant, if you send a blockchain transaction you need to wait for the next coming block to be mined which has a different duration depending on the coin. For bank transfers, this can take up to one working day.

When you open and close a trade position you are obliged to pay a fee of at least 0.35% of your position size. This is how the exchange makes money. They also profit from deposit and withdrawal fees.

No, this cryptocurrency exchange has never been compromised. This is yet another reason to use this platform.