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GEMINI REVIEW

Honest, Direct, & Hyper-Distilled

Table of Contents

"I chose Gemini as they are actually based in the US. 100% the safest custody services of any exchange out there"
Jesse M
Trader & Investor in the crypto markets

Get Started with gemini

OVERVIEW

50 +
CRYPTO PAIRS
1 +
COUNTRIES SERVED
1
LANGUAGE AVAILABLE (English)
5
INNOVATIVE PRODUCTS
01

THE BIG PICTURE

Whether you’re an experienced trader or just getting started, Gemini has all the tools you need to build your crypto portfolio. The regulated platform prioritizes security and operational compliance, and is the world’s first cryptocurrency custodian and exchange that has never been hacked. Although the platform accepts multiple fiat deposit methods and offers a ton of products, be prepared to compromise with high trading fees and rather discomforting customer support.

Certified Crypto Exchange
02

FEES

The fees charged by Gemini vary depending on product and usage level. Here’s a detailed breakdown of the charges:

Orders placed via Gemini mobile and web apps incur convenience fee and transaction fee, varying on the order amount.

Order Amount (Mobile & Web App)

Fee

Less than $10

  $0.99

More than $10, but less than or equal to $25

  $1.49

More than $25, but less than or equal to $50

  $1.99

More than $50, but less than or equal to $200

  $2.99

More than $200

  1.49%

  • Gemini also charges a custody fee of 0.4% and an administrative withdrawal fee of $125.
  • All orders placed via Gemini’s ActiveTrader interface will be charged based on a maker-taker model, ranging from 0.05% to 0.35%.
  • There are no deposit fees for cryptocurrencies and wire transfer. But if you use a debit card for the same, you will be charged 3.49% of the total purchase amount.
  • Withdrawal fees depend on the number of particular tokens you withdraw per calendar month. For more details, check Gemini’s withdrawal charges.
  • If you use Gemini Earn, the fee varies on the type of token you are earning on, ranging between 0.17% and 3.87%.
COMPLEX FEE STRUCTURE
03

PRODUCTS

Gemini offers products for both beginners and advanced traders. Its current suite of products include:

  • Gemini Exchange with over 50 cryptocurrencies.
  • Gemini Earn (crypto-savings account offering up to 8.05% APY).
  • Gemini Credit Card with up to 3% crypto rewards on purchases (US only).
  • Advanced trading features like Active Trader, Gemini Dollar, Gemini Custody, Gemini Clearing, Gemini Pay (US only), Gemini Wallet, Gemini Mobile & Web Exchange.
  • Gemini’s free online learning hub, Cryptopedia, to teach people the ins and outs of cryptocurrency.
SOPHISTICATED OFFERINGS
04

AVAILABILITY

Gemini is currently operating in 60+ countries.

GROWING AVAILABILITY
05

PROS

  • Proven security standards
  • Highly regulated
  • Diverse range of crypto-centric products
  • Up to 8.05% APY on crypto holdings
  • Free educational hub
  • Supports both basic and advanced trading features
  • Free online learning hub
SUPER-SERIOUS EXCHANGE
06

CONS

  • Fees may be a bit high compared to other exchanges
  • Fee structure is complicated to understand, especially if you’re new
  • The interface isn’t the best for beginners
  • Doesn’t allow margin trading and short selling
  • Average customer support
  • Limited global availability
SOME CONS TO BE AWARE OF
07

PAYMENT METHODS

Gemini allows you to fund your wallet with both fiat and crypto. 

Deposit Fees

  • Debit Cards: 3.49% of total purchase amount
  • Wire Transfer: Free
  • Cryptocurrency: Free


Individuals receive 10 complimentary withdrawals each month. For each additional withdrawal, you’ll be charged a fee based on the individual value of the currency you’re withdrawing. Check out the withdrawal fee from here.

FIAT & CRYPTO DEPOSITS
08

PRIVACY & SECURITY

Gemini is regulated by the New York State Department of Financial Services (NYSDFS) and accordingly must meet the corresponding compliance, consumer protection, cybersecurity, and capitalization requirements to protect customers interests. The platform also carries the moniker of the world’s first licensed ether (ETH) and ZCash (ZEC) exchange services that is operational in more than 60 countries.

When it comes to security, Gemini really stands out from the crowd. The platform has operated with a security-centric mentality since day one, addressing three critical areas – safeguarding customer’s data and assets against external threats, protecting against human errors, and preventing misuse of insider access. 

Besides your regular 2FA and OTPs, Gemini ensures that customer’s assets are held in its offline, air-gapped Cold Storage system. The limited amount that stays in the Hot wallet is also insured to ensure additional coverage from unforeseen circumstances. There’s a lot of techie-shit going on behind the scenes like FIPS 140-2 Level 3 or higher rated HSMs, multisig to safeguard private keys, hardware security keys, SOC 1 Type 2, SOC 2 Type 2, and ISO 27001 certifications – so yeah, Gemini is safer than the basement your dad hides his old porn stash in.

HIGHLY REGULATED
09

WHO'S GEMINI GOOD FOR?

  • New investors who are fine with basic trading features
  • Experienced investors who need advanced features
  • Anyone seeking to earn passive income from their crypto holdings
BEGINNERS & ADVANCED

Get Started with Gemini

THE FINE DETAILS

General Information

Founded in: 2014

Official Website: https://www.gemini.com/
Support: https://support.gemini.com/hc/en-us/requests/new
Help Center: https://support.gemini.com/hc/en-us
Start Now

Registration

Signing up for an account on Gemini is easier than creating influencer videos for Reels. All you need to do is open the web app or download the mobile app, fill in the usual details, and then verify your identity by uploading a copy of your national ID, passport, or driving license. You’ll also need to verify your email ID and phone number to access the exchange.

BTW, if you’re looking to add a bank account to fund your crypto wallet on Gemini, make sure to sign up for an individual/personal account. If you’re running a business or institution that is cash flush and thinking of entering the crypto world with guns blazing, sign up for an institutional account.
Register

Support

Gemini doesn’t have much to offer in terms of live support. Yes, it does feature a help center with answers to most of the queries one could have, as well as a ticket system, but the real-time customer support isn’t amazing. As far as live help goes, there’s a basic chat bot that tries extremely hard to link you to the right answers, but that’s just about it. There is a detailed status page that shows the system details at all times, which is super helpful.

It's possible that not much live support is needed because the system is THAT good. A strong possibility in this case.
Check it out

Regulation

Registered as Gemini Trust Company, LLC, Gemini is a New York trust company founded in 2014. It is regulated by the New York State Department of Financial Services (NYSDFS) and accordingly must meet the corresponding compliance, consumer protection, cybersecurity, and capitalization requirements to protect customers' interests.

The platform also carries the moniker of the world’s first licensed ether (ETH) and ZCash (ZEC) exchange services that is operational in more than 60 countries.

Features

As of now, Gemini offers a cryptocurrency exchange (mobile and web app) with over 50 cryptocurrencies, a custodial digital wallet licensed by the New York State Department of Financial Services (NYDFS), interest yielding crypto savings account, and crypto-back credit cards.

The platform also offers extensive trading features for advanced traders via Active Trader, allows for OTC peer-to-peer trades with no minimum trade size via the Gemini Clearing platform, and the ability to pay for in-store purchases using cryptocurrencies at thousands of participating retailers via Gemini Pay. There’s also a free educational hub featuring hundreds of guides to help you understand the ins and outs of cryptocurrencies. Other than buying the NFT platform Nifty Gateway for an undisclosed amount , Gemini has also partnered with several prominent brands like Samsung, Brave, and TradingView, among others to further expand its features. And most importantly, new Gemini users get a bonus of $150 in bitcoin when investing at least $1,000 within 30 days.

Ease of Use

One of the best things about Gemini is its user interface. The platform is designed in a way that it supports both beginners and advanced traders. So if you’re just getting started, you can select Gemini Basic - a straightforward interface to buy and sell cryptocurrencies. https://prnt.sc/1wuh4kq Image Name: Gemini User Interface Alt Text: Image showing Gemini’s main dashboard for basic users. Caption: Gemini’s interface is extremely simple. Alternatively, if you want access to advanced features, switch on the Gemini ActiveTrader platform to get a taste of one of the most professional-quality trading systems out there, featuring an assortment of handpicked options, including advanced charting tools like real-time market data, the ability to execute cryptocurrency trades in “microseconds”, and a cheaper fee structure. That said, the only major problem with Gemini is figuring out the fees for each transaction.

FREQUENTLY ASKED QUESTIONS

Common questions we get asked about Gemini

Gemini supports all the prominent cryptocurrencies like BTC, ETH, DOGE, BCH, and more. It also supports a wide range of ERC-20 tokens.

Gemini has its headquarters in New York City, New York.

Gemini is among the most secure exchanges out there. It is regulated by the New York State Department of Financial Services (NYDFS). To date, there are no reports of any successful hacks on the exchange.

Gemini offers an intuitive and easy-to-use trading interface, several essential features, and customizations. It is highly rated across the Google and Apple stores, indicating that it is a great, if not the best, exchange venue for specific activities.

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