Gemini Review

3.9
  • Summary
  • Crypto
  • Fiat
  • Fees
  • Features
  • Safety
  • FAQs

Gemini is a regulated, New York City based, cryptocurrency exchange that allows traders to buy, sell, trade, and securely store bitcoin, ether, and 103 coins and 130 pairs. Gemini has a reported trading volume of $33,156,496.

Overview
๐Ÿ† CI Exchange Rank 3.9 (#30) ๐Ÿ“ˆ 24H Volume $33,156,496 (#31)
๐Ÿ“Œ Headquartered United States ๐Ÿงฑ Founded 2014
๐Ÿ’ง CI Liquidity Rank 0.099 (#30) ๐Ÿš€ Beginner-friendly? Yes
๐Ÿ’ฒ Supports Fiat? Yes ๐ŸŽŒ Languages Supported
๐Ÿ’ผ Business Accounts No โœ–๏ธ Margin Trading Yes
๐Ÿ‘› External Wallet No ๐Ÿ”ƒ OTC Trading No
๐Ÿ“ฑ Mobile App Yes ๐Ÿ’ฐ Integrated Wallet Yes
๐Ÿ”ฎ Futures Trading Yes โšช๏ธ Spot Trading Yes
โญ•๏ธ Coins: 103 ๐Ÿ”€ Pairs: 130

US clientsย 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 $33,156,496 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.

  • USD
  • EURO
  • GBP
Coin Pair Price Spread
ETH/BTC $1227.87 0.01
ETH/GUSD $1226.61 0.04
BTC/GUSD $16805.49 0.04
DOGE/BTC $0.095332 0.35
LTC/BTC $76.58 0.12
LINK/BTC $6.86 0.53
BCH/BTC $108.3 1.23
LINK/ETH $6.88 1.54
BAT/ETH $0.225036 1.31
BCH/ETH $108.96 1.23
BAT/BTC $0.221993 0.83
DOGE/ETH $0.095099 0.19
OXT/BTC $0.082532 0.61
BTC/DAI $16473.47 10.74
OXT/ETH $0.081118 0.6

Crypto Verification

Verification for U.S citizens will require:

  • Proof of identity
  • Driver’s license, passport or passport card
What's Needed
๐Ÿ›‚ Documents Passport, Driving Licence ๐Ÿ•– Verification Duration 3-5 days

Crypto Deposits

The Deposit fee for all cryptocurrencies and wire transfers are free.ย 

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

  • USD
  • EURO
  • GBP
Coin Pair Price Spread
BTC/USD $16840.07 0.01
ETH/USD $1227.19 0.05
USDC/USD $1 0.01
SOL/USD $13.37 0.04
DOGE/USD $0.09535 0.06
LTC/USD $76.48 0.09
UNI/USD $5.96 0.17
MATIC/USD $0.89137 0.2
BTC/SGD $16874.93 0.01
APE/USD $3.85 0.18
BTC/GBP $16832.73 0.09
BCH/USD $108.48 0.29
AXS/USD $8.17 0.24
XTZ/USD $0.9789 0.18
Dai
DAI/USD $0.9999 0.04

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
๐Ÿ›‚ Documents Passport, Driving Licence ๐Ÿ•– 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 withdrawalย  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.