Gemini Review
Gemini Review
Gemini is a regulated, New York City based, cryptocurrency exchange that allows traders to buy, sell, trade, and securely store bitcoin, ether, and 78 coins and 1000 pairs. Gemini has a reported trading volume of $371,438,473.
| Overview | |||
|---|---|---|---|
| 🏆 CI Exchange Rank | 3.9 (#30) | 📈 24H Volume | $371,438,473 (#25) |
| 📌 Headquartered | United States | 🧱 Founded | 2014 |
| 💧 CI Liquidity Rank | 0.099 (#30) | 🚀 Beginner-friendly? | Yes |
| 💲 Supports Fiat? | Yes | 🎌 Languages Supported | |
| 💼 Business Accounts | No | ✖️ Margin Trading | Yes |
| 👛 External Wallet | No | 🔃 OTC Trading | No |
| 📱 Mobile App | Yes | 💰 Integrated Wallet | Yes |
| 🔮 Futures Trading | Yes | ⚪️ Spot Trading | Yes |
| ⭕️ Coins: | 78 | 🔀 Pairs: | 1000 |
US clients are accepted.
| Pros | Cons |
|---|---|
| Gemini is regulated by the New York State Department of Financial Services (NYSDFS) & FinCEN. | No Margin Trading or Leverage trading is allowed. |
| US Citizens Accepted. | |
| VISA, MasterCard, American Express. and Local bank transfers from US banks. |
It was launched in 2014 by Cameron and Tyler Winklevoss, commonly referred to as the Winklevoss Twins.
Crypto on Gemini
Crypto Market Listings on Gemini
Gemini has a reported trading volume of $371,438,473 in the last 24 hours. Traders can expect an average bid-ask liquidity spread of 0.099. Gemini is ranked position #30 among exchanges for liquidity.
| Coin | Pair | Price | Spread |
|---|---|---|---|
| BTC/GUSD | $98565 | 0.01 | |
| ETH/GUSD | $3364.67 | 0.01 | |
| ETH/BTC | $3349.23 | 0.06 | |
| BTC/USDT | $98568 | 0.05 | |
| SOL/BTC | $255.33 | 0.16 | |
| SOL/ETH | $256.71 | 0.14 | |
| DOGE/ETH | $0.384744 | 0.1 | |
| ETH/USDT | $3348.98 | 0.08 | |
| DOGE/BTC | $0.385782 | 0.18 | |
| LINK/BTC | $14.82 | 0.68 | |
| LTC/ETH | $89.09 | 0.08 | |
| LTC/BTC | $88.9 | 0.15 | |
| BCH/BTC | $484.94 | 0.61 | |
| LINK/ETH | $15.12 | 4.37 | |
| BCH/ETH | $494.27 | 4.02 |
Crypto Verification
Verification for U.S citizens will require:
- Proof of identity
- Driver’s license, passport or passport card
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Passport, Driving Licence | 🕖 Verification Duration | 3-5 days |
Crypto Deposits
The Deposit fee for all cryptocurrencies and wire transfers are free.
| Buying In | |
|---|---|
| Crypto/Coins | Free |
Crypto Withdrawals
Withdrawal fees for both individual and institutional traders are free.
| Cashing Out | |
|---|---|
| Crypto/Coins | Free |
Fiat on Gemini
Fiat Market Listings on Gemini
| Coin | Pair | Price | Spread |
|---|---|---|---|
| BTC/USD | $98549 | 0.02 | |
| ETH/USD | $3366.65 | 0.01 | |
| SOL/USD | $256.27 | 0.04 | |
|
|
PEPE/USD | $0.00002091 | 0.01 |
| USDT/USD | $1.001 | 0.01 | |
|
|
BONK/USD | $0.00005369 | 0.01 |
| XRP/USD | $1.2 | 0.09 | |
| DOGE/USD | $0.38531 | 0.1 | |
| INJ/USD | $25.17 | 0.01 | |
|
|
MOODENG/USD | $0.4425 | 0.01 |
| BCH/USD | $486.57 | 0.05 | |
|
|
POPCAT/USD | $1.58 | 0.02 |
| BTC/GBP | $98386 | 0.06 | |
| LTC/USD | $89.04 | 0.06 | |
| GOAT/USD | $1.003 | 0.06 |
Fiat Verification
The verification process for fiat trading is the same as cryptocurrency. At this time Gemini supports USD, AUD, CAD, EUR*, GBP*, SGD, and HKD.
Verification for U.S citizens will require:
- Proof of identity
- Driver’s license, passport or passport card
| What's Needed | |||
|---|---|---|---|
| 🛂 Documents | Passport, Driving Licence | 🕖 Verification Duration | 3-5 days |
Fiat Deposits
All fiat deposits are free, except debit cards transfers which will amount to 3.49% of the total purchase amount.
| Buying In | |||
|---|---|---|---|
| Debit Card | 3.49% | Credit Card | 3.49% | Bank Transfer | Free |
Fiat Withdrawals
Withdrawal fees for both individual and institutional traders are free, however, debit/credit card transfers will amount to 3.49% of the total withdrawal costs.
| Cashing Out | |||
|---|---|---|---|
| Debit Card | 3.49% | Credit Card | 3.49% | Bank Transfer | Free |
Gemini Fees
Gemini has a tiered service offering with separate trading fee structures for individual and institutional traders.
Gemini Features
Spot Trading
Traders are able to trade currency pairs in over 20 combinations. Most of these combinations include USD, BTC or Ether. For example, if the currency pair is displayed as ZEC/USD, it is an exchange of Zcash for U.S dollars.
Gemini Dollar
Gemini has its own stable coin, the Gemini Dollar. The Gemini Dollar is a 1:1 USD-backed stable coin, always convertible to exactly $1 at Gemini.
It can be used to:
- Transact on decentralized exchanges
- Lend and earn interest
- Provide liquidity
- Spend in daily life
Market Orders
Both individual and institutional traders have access to eight order types:
- Market
- Limit
- Limit: Immediate-or-Cancel (IOC)
- Limit: Fill-Or-Kill (FOK)
- Limit: Maker-or-Cancel (MOC)
- Limit: Auction-Only Limit (AO)
- Limit: Indication of Interest (IOI)
- Stop-Limit
Hot Wallet
Traders will be pleased to know that the Gemini Hot Wallet is insured.
Gemini Clearing
With this feature, traders can now settle a trade between two parties, off the order book. Gemini will act as a confirming third-party in all pre-arranged transactions. The platform will ensure timely settlement while mitigating counterparty risk.
Gemini Wallet
The Gemini Wallet is a safe, secure wallet infrastructure that supports all the Gemini listed assets. The Gemini wallet also gives traders access to insurance against theft of Digital assets from the hot wallet.
Gemini ActiveTrader
Unlike other exchanges, Gemini uses its own trading interface that offers advanced charting, additional trading pairs, order types and more advanced order book visibility.
Gemini Custody Account
Think of the Gemini Custody Account as a cold storage system. With this account, traders are able to separate their digital assets using a unique digital asset addresses.
Gemini Pay
To access Gemini Pay, you need to have downloaded the mobile app. Gemini Pay allows traders to spend their cryptocurrency at more than 30,000 retail locations across the United States.
Mobile App
Traders are able to buy, sell and save cryptocurrency on the mobile app, which is compatible on all Android phones and iPhone.
Customer Support Department
Gemini does have a very comprehensive help desk, but traders may email the support department directly too: [email protected]
Gemini Safety
Cybersecurity
8.75/10
CSS is an industry benchmark assessment of the cybersecurity characteristics of a given exchange. It consists of three weighted components: application-level security, SSL/TLS connection, and domain security. CSS uses over 18 indicators, based on the best practices of cybersecurity protection.
Two-Factor Authentication
Every time a trader attempts to make a withdrawal or change any settings on the platform, two-factor verification will be required. If you have any trouble, opt to use google authentication instead.
Cold Storage
A cold and hot storage wallets are available to all clients.
Gemini is regulated by the New York State Department of Financial Services (NYSDFS) & FinCEN.
Gemini FAQs
Is Gemini Safe?
Yes, Gemini has built a secure exchange platform that uses advanced cold storage systems and two factor authentication.
Is Gemini Regulated?
Yes. Gemini is regulated by the New York State Department of Financial Services (NYSDFS) & FinCEN.
Does Gemini Support Fiat Currencies Other than USD?
At this time Gemini only supports USD, AUD, CAD, EUR*, GBP*, SGD, and HKD.
