Gemini Review

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]

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.

Is Gemini Safe?

Is Gemini Regulated?

Does Gemini Support Fiat Currencies Other than USD?